You will work in EMEA Sanctions Client Diligence as part of the EMEA Sanctions Compliance team within Global Sanctions Compliance (“GSC”) who ensure compliance with the firm's global sanctions processes. The role requires a level of independent decision making and judgment when assessing client sanctions risk, and you must be able to adapt to a rapidly changing business and regulatory environment. You will work effectively with minimal supervision to align yourself and the team with responsibilities outlined by the function
Job responsibilities
- Review and assess sanctions risks presented under HMT, EU, OFAC and other EMEA sanctions programs in the context of client sanctions due diligence in both the KYC and significant transactions in Investment Banking and Corporate Finance. Ensuring that any risk is appropriately mitigated, documented and addressed, partnering with relevant (often senior) stakeholders within the business, Global Financial Crimes Compliance (“GFCC”) and GSC
- Review and assess client’s sanctions related events such as blocked or rejected transactions, activity permissible under license, voluntary self-disclosures, or sanctions related enforcement action or significant negative media
- Support the business, GSC and GFCC in reviewing escalations to internal senior committees ensuring sanctions risks are appropriately presented.
- Carry out client due diligence calls for FinTechs or CIB clients partnering with GFCC and business
- Escalate significant sanctions risks to EMEA Sanctions management team, relevant In-Country Compliance Officers, Line of Business Sanctions Officers, GSC and GFC Legal as required
- Continually maintain and develop a good working knowledge of HMT, EU, OFAC and other EMEA sanctions programs in order to provide appropriate advice and direction to colleagues in sales, product development, operations and technology teams across multiple LOBs in the region, on sanctions related issues as it impacts their products and clients
- Scope of role can also contain management duties for the right candidate
Required qualifications, capabilities, and skills
- Skills in assessment of risk and making sound decisions in regard of sanction risk. Relevant experience of Compliance activities particularly in relation to AML/Sanctions preferred
- Knowledge of Investment & Corporate Banking, as well as Payments and Correspondent banking
- Self-starter with strong presentation and organisational skills with ability to work independently under pressure and to tight deadlines yet escalate matters as appropriate
- Analytical mind with problem management skills with clear and concise verbal and written communication
- Demonstrate a quality focused work ethic and strong controls mind-set, understand regulatory requirements and adhere to appropriate controls
- Prior managerial experience preferred
- Bachelor’s degree (or equivalent) preferred or evidence of comparable academic / work achievement
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