Head of Sanctions

Job Details

Job Role:

Ensure effective implementation of the Group’s Compliance strategy within the Sanctions teams remit in GCD and COC to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.

Oversee the implementation of the Sanctions program within the Group (including branches, subsidiaries, and international locations) to address current Sanctions risks and remain sufficiently agile to manage anticipated future Sanctions risks.

Keep abreast of related laws, regulations, and best practices pertaining to Sanctions and assess its impact on bank For International branches and subsidiaries, work with Head of IBG Compliance and local MLRO’s to keep the Sanctions program updated in line with the local laws and regulations.

Ensure to have effective oversight on COC functions for Sanctions in respect of

  • Team performance and productivity.
  • Review QA results and take necessary actions to remediate failed cases including identifying root causes.
  • Review MIS reports and attend governance calls and take remedial actions on any identified issues.
  • Develop and strengthen relationships to promote best practices and ensure a good understanding of Sanctions’ requirements across the Group.
  • Ensure that all Sanctions risks are appropriately identified through risk assessments (FCRA and RCSA) performed across Business units and the Compliance function.

Experience & Qualifications

  • Master’s Degree in Science, Finance, Business, or a related subject. ACAMS certification or equivalent.
  • 12+ years of FCC experience focusing on Sanctions gained at a top tier international bank, which includes 5+ years of experience managing large and complex Sanctions teams.
  • Experience in advising or working in a Compliance function with a focus on delivering a robust Sanctions compliance program.
  • Strong track record in dealing and managing regulators and other stakeholders.
  • Strong interpersonal skills with the ability to communicate with impact, build healthy professional connections, influence outcomes, simplify complex topics into actionable recommendations for decision-making.
  • Exceptional knowledge of all aspects of Sanctions and the relevant regulatory requirements.
  • Exemplary knowledge and understanding of international and cross border rules and regulations (such as OFAC, UN, and EU sanctions regimes, FATCA, FATF, and BIS).

Ability to perform innovative thinking to solve complex problems with no established precedence while balancing risk, speed, and accuracy.