New York, NY | Direct Hire
VP/SVP-OFAC (Team Lead)
Responsible for leading the OFAC team on transaction monitoring and processing on behalf of customers and correspondent banks for OFAC and Sanctions compliance using an automated monitoring system.
The team lead will be responsible for supervising the OFAC team and managing the team’ s processes and responsibilities. S/he will be oversee OFAC reporting and case investigations and provide guidance to the team regarding OFAC and sanctions.
The Team Lead will be in charge of communicated with relevant parties including compliance management and internal teams like FIU and SAR.
We are looking for someone with 8-12 years of banking industry and BSA/AML and OFAC internal control experience. The ideal candidate should have a Bachelor’ s degree or above and comprehensive knowledge of US Banking regulations, compliance practice and compliance risk management with a strong emphasis on OFAC and sanctions as well as BSA/AML related regulations. Proven experience in implementing policies and procedures in this regard as well as leading a team will be essential. CAMs preferred.