In this role, you’ll make an impact in the following ways:
- Manage a compliance team that reviews and actions OFAC, OFSI and EU economic sanctions alert escalations.
- Develop procedures for the L3 compliance investigations review, action, and approval of complete write ups of alert disposition rationale and/or requests for additional information and documentation pertinent to alert dispositions.
- Collaborate with internal business partners as needed on complex transaction alerts and fact patterns, sanctions restrictions and their application depending on jurisdictional touchpoints.
- Conduct Quality Control and Quality Assurance reviews to ensure compliance with sanctions regulatory requirements and internal procedures.
- Identify, document, and escalate sanctions regulatory and/or internal control-related risk to internal governance committees.
To be successful in this role, we’re seeking the following:
- The successful candidate is responsible for managing a team of compliance professionals that are responsible for reviewing and providing expert guidance, including resolution of L2 escalated economic sanctions client and transaction alerts, including determining permissibility pursuant to Office of Foreign Asset Control (OFAC), Office of the Superintendent of Financial Institutions (OFSI) and European Union economic sanctions program restrictions.
- Bachelor’s degree or higher accreditation.
- Strong knowledge of banking products/services and transactions, including SWIFT, payments, securities, trade finance.
- Strong analytical, critical thinking, verbal, and written communication skills.
- At least 7-10 years sanctions experience, particularly in OFAC, OFSI and EU economic sanctions laws and regulations.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
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