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VP OFAC -Policy

New York, NY 10018 | Direct Hire

Post Date: 08/24/2017 Job ID: 12002 Industry: OFAC Analyst, OFAC Manager

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VP OFAC -Policy

(located in Manhattan)

Contribute to OFAC team regarding policy establishment, communication and training.

Job Duties:
OFAC Policy
o Under VP’ s instruction, assist to establish a comprehensive policy, based upon law and regulations that mitigate compliance, regulatory, and reputational risks associated with violations of sanctions laws and the risk of conducting business with a sanctioned entity.
Policy to be established will:
  Clearly Define Roles, Responsibilities, and Authorities.
  Our bank’ s commitment to comply with Target and Country sanctions regimes,
  Define interdiction software and list management.
  Establish Customer standards and approvals.
  Establish Customer tolerance levels for customers conducting Business indirectly or directly in sanctioned countries.
Application Validation standards.
  Establish escalation and management routines.
  Establish Information sharing rules.
  Establish algorithm standards.
  Establish policy and procedure breach routines.
  Reporting and information sharing with Law enforcement.
  Define program element ownership.
  Define a waiver process.
OFAC Communication and Training
o Assist to ensure effective awareness a global enterprise communication email process will be established to communicate sanction program changes.
o Assist to establish general and targeted training programs. (Training to be given by existing staff complimented by the sanctions organization.)
o Assist to update training material when sanction programs change.
o Help facilitate briefing sessions with Line of Business and senior management of significant changes.
o Help to establish and coordinate monthly Sanctions Governance meetings.

3-5 years banking industry and BSA/AML & OFAC internal control. CAMS preferred.

General Skills: Business acumen; communication skill, creative problem solving; leadership and management; analytical skill; writing skill; technical skill; project management; relationship management; team
work; planning and organizing; coaching.
General Knowledge:
Knowledge of Sanction policy and OFAC, knowledge of U.S. Banking regulations and compliance practice, compliance risk management, and Bank Risk Governance Framework.
Specialty Knowledge:
Knowledge of U.S. Banking regulations and compliance practice with strong emphasis on all aspects of BSA, AML and OFAC. Comprehensive knowledge of BSA/AML and OFAC related
regulations and ability to implement the banks policies and procedures.


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Franca Diona

Franca Diona has over 15 years of recruitment experience. She is a graduate of Iona College with a Bachelor of Arts specializing in public relations. She started her career in the music business working for major radio stations in the tri-state area. She furthered her career promoting the world-renowned musician Debbie Gibson. She utilized her skills expanding into the financial industry as a recruiter. Being a part of Adams Consulting Group has allowed Franca to broaden her craft by setting goals and striving to achieve them. She remains energetic and enthusiastic about getting the job done at ACG.

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