Head of US Sanctions & ABAC (US)

TD Bank•New York, NY

About The Position

The Head of US Sanctions & ABAC provides expert regulatory advice and counsel for business lines and sanctions screening payment reviews; conducts expert reviews of escalated payment for blocking, rejecting, and reporting to OFAC; manage ABAC program in the US. Depth & Scope: Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required Manages team responsible for OFAC compliance, including regulatory advice and counsel for business lines and sanctions screening payment reviews Manages team responsible for ABAC (Anti-Bribery and Anti-Corruption) compliance with U.S. laws and regulations Develops and maintains an OFAC compliance program in accordance with regulatory requirements Supports OFAC and ABAC risk assessments to identify and mitigate compliance risks Supports sanctions screening processes and control Provides training to employees on OFAC sanctions regulations and requirements Responds to inquiries from internal and external stakeholders regarding sanctions compliance Prepares and submits reports to senior management and regulatory agencies as required Engages with regulators on OFAC matters Stays current on OFAC regulations and sanctions laws to ensure compliance. Analyzes and responds to anti-bribery/anti-corruption (ABAC) escalations Prepares simple procedures and guidance for employees/stakeholders Supports the development and roll-out of anti-corruption compliance training. Delivers targeted training on anti-corruption as required Generates and maintains appropriate records and metrics for the anti-corruption compliance program, including reporting KPIs and tracking remediation and enhancements to compliance program Supports various Compliance and Investigations activities, including projects to improve compliance program Collaborates with subject matter experts to implement and oversee vital internal controls and processes Handles OFAC issues arising from the FCRM transaction monitoring system, and maintains the bank’s OFAC Policies and Procedures Responsible for OFAC Lists updates ensuring appropriate dissemination and testing of the bank’s systems Monitors OFAC for updates and create and disseminate OFAC bulletins to the firm’s business lines and ensures appropriate compliance response to any changes to OFAC requirements or new sanctioned parties Develops categories of appropriate Management Information regarding the OFAC Program, and ensures completion of same for Senior Compliance and Business Management Assists in providing responses to audit findings and examination for OFAC related matters and other regulatory matters Raises or escalates all serious OFAC compliance issues

Requirements

Bachelor's Degree required
10+ years of professional working experience in a corporate compliance function
Demonstrated knowledge regarding anti-bribery and anti-corruption compliance
Must also have knowledge of the FCRM, including the Bank Secrecy Act and the USA Patriot Act.
Must have experience with U.S. banking regulations and knowledge of best industry practices
Strong subject matter knowledge of U.S. sanctions programs administered by OFAC and practical application in a financial services environment
Experience with third-party due diligence/risk management is required
Excellent verbal and written communication skills, impeccable integrity, good judgment, strong analytical skills, flexibility, and pragmatism
Demonstrated skill and passion for problem-solving and operational excellence
Manage and prioritize a diverse and complex workload in a fast-paced environment
Must have sound management skills and experience
Excellent oral and written communication skills
Must have experience in Excel, Word, SWIFT, eGifts, Gifts EDD, NICE Actimize and Surety

Nice To Haves

Experience with a channel sales model and international operations is strongly preferred
Experience using data (both internal and external) to inform compliance risk.
Experience with Tableau or similar reporting tools is preferred
Experience with program management and consensus-building

Responsibilities

Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance and compensation decisions, promoting teamwork and handling any/all disciplinary actions, as required
Manages team responsible for OFAC compliance, including regulatory advice and counsel for business lines and sanctions screening payment reviews
Manages team responsible for ABAC (Anti-Bribery and Anti-Corruption) compliance with U.S. laws and regulations
Develops and maintains an OFAC compliance program in accordance with regulatory requirements
Supports OFAC and ABAC risk assessments to identify and mitigate compliance risks
Supports sanctions screening processes and control
Provides training to employees on OFAC sanctions regulations and requirements
Responds to inquiries from internal and external stakeholders regarding sanctions compliance
Prepares and submits reports to senior management and regulatory agencies as required
Engages with regulators on OFAC matters
Stays current on OFAC regulations and sanctions laws to ensure compliance.
Analyzes and responds to anti-bribery/anti-corruption (ABAC) escalations
Prepares simple procedures and guidance for employees/stakeholders
Supports the development and roll-out of anti-corruption compliance training.
Delivers targeted training on anti-corruption as required
Generates and maintains appropriate records and metrics for the anti-corruption compliance program, including reporting KPIs and tracking remediation and enhancements to compliance program
Supports various Compliance and Investigations activities, including projects to improve compliance program
Collaborates with subject matter experts to implement and oversee vital internal controls and processes
Handles OFAC issues arising from the FCRM transaction monitoring system, and maintains the bank’s OFAC Policies and Procedures
Responsible for OFAC Lists updates ensuring appropriate dissemination and testing of the bank’s systems
Monitors OFAC for updates and create and disseminate OFAC bulletins to the firm’s business lines and ensures appropriate compliance response to any changes to OFAC requirements or new sanctioned parties
Develops categories of appropriate Management Information regarding the OFAC Program, and ensures completion of same for Senior Compliance and Business Management
Assists in providing responses to audit findings and examination for OFAC related matters and other regulatory matters
Raises or escalates all serious OFAC compliance issues