Services Business Sanctions Risk - Vice President

• Understand business-owned products, and services, as well as corresponding sanctions-related controls, and sanctions processes (e.g., customer, relationship, and transactional screening)
• Provide subject matter expertise to the Services businesses to ensure effective control design both at product and process level aligning to sanctions laws & regulations
• Monitor and track Sanctions risk issues across Services businesses
• Assist in effective management and reporting of control issues
• Assess complex Sanctions risk issues as needed, structure potential solutions, and drive effective resolution with other senior stakeholders
• Drive execution, always mindful of the firm's reputation, its clients and compliance with applicable laws, rules, and regulations
• Ensure adherence to Policy at all times and identify any potential gaps
• Supervise robust execution of Sanctions controls
• Drive a consistent and holistic approach to sanctions and wider Financial Crimes risk management across Services
• Work collaboratively with Product teams, Operations, and Technology to assess sanctions risks on a client and product basis and evaluate sanctions controls
• Support design and implementation of control enhancements, where needed
• Conduct reviews of sanctions processes and procedures to ensure policy requirements are fit for purpose and have been implemented consistently, with appropriate supporting documentation
• Maintain current knowledge and understanding of new and changing sanctions requirements and continuously reassess the impact on the TTS clients, products, and services
• Serve as an escalation point for issues or emerging risks to work with the business, Operations, and others to remediate
• Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans
• Work with other Financial Crime Risk teams to ensure a consistent holistic approach to sanctions risk management.

• Bachelor’s/University degree required
• Master’s degree desirable
• 10+ years’ experience in sanctions risks frameworks, including trade sanctions and export controls (either first or second line of defense)
• Financial Crime certification preferred (ACAMS, ACSS etc.)
• Strong professional experience in Financial Services, in AML/Sanctions Compliance or Business/Product Operations and/or Risk & Controls with focus on Financial Crimes Risks
• Knowledge and understanding of Custody, Payments, Correspondent Banking, Trade Finance, Working Capital, and Liquidity Management products
• Strong interpersonal skills
• Ability to build effective relationships with key stakeholders
• Able to work independently and deliver according to strict timelines and quality standards
• Demonstrated ability and confidence to challenge business management, escalate issues and press for change
• Good oral and written communications skills
• must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.

• Master’s degree
• Financial Crime certification (ACAMS, ACSS etc.)
• Knowledge in Custody, Payments, Correspondent Banking, Trade Finance, Working Capital, and Liquidity Management products.

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