Sanctions Governance Lead

Barclays • New York, NY, United States • $200k - $250k / year • 2d ago

Join us as Sanctions Governance Lead at Barclays, where you will draft Voluntary Self-Disclosures (VSDs) and review VSDs submitted by other regions, prepare governance decks for team meetings and present at difference Governance Committees, review monthly reports of Sanctions blocked property provided by Financial Crime Operations, and oversee preparation of the Annual Blocked Property Report. In this exciting opportunity, you will additionally manage audit, assurance, and regulatory requests for information and spearhead the preparation and management for annual and periodic exams.

To be successful as a Sanctions Governance Lead, you should have experience with:

Expertise in Sanctions regulations
Handling of regulatory and audit requests
Preparing Governance decks for team meetings - supporting and presenting at different Governance Committees with slides related to Americas Sanctions
Implementation of Laws, Rules, and Regulations (LRR)

Some other highly valued skills may include:

Thorough attention to detail
Exemplary writing skills
Senior stakeholder management

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills

This role is located in New York

Minimum Salary: $160,000

Maximum Salary: $180,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.

Purpose of the role

To identify and conduct the appropriate analysis and due diligence on Sanctions alerts to ensure the appropriate action is taken against customers and payment activity as defined by the Sanctions Standards and Restricted Activity Matrix, ensuring that the organisation adheres to all applicable sanction’s laws and regulations and internal governance, such that client accounts are not held and transactions are not processed in breach of application laws and regulations.

Accountabilities

Understanding the objectives of the Global Sanctions Function and the control frameworks and embed a culture of compliance with sanctions.
Revision of escalated cases and confirm a True Match in line with regulations/policy accurately and in a timely manner, feeding back on instances of incorrect escalation.
Management and provision of guidance in the completion of complex sanctions investigations, ensuring that matters are correctly managed and follow appropriate escalation routes, while involving the relevant stakeholders early and fully.
Due diligence on Payment Screening alerts to determine the appropriate treatment and next steps for the payment in line with documented procedures following the defined governance process and approvals as required.
Escalation of Customer Screening True Matches to appropriate Business Aligned Sanctions Team for assessment.
Identification of opportunities to drive efficiencies in the alert management process and feed these back to the appropriate team(s) to implement.

Vice President Expectations

Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Manage and mitigate risks through assessment, in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
Adopt and include the outcomes of extensive research in problem solving processes.
Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

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