Head of US Sanctions & ABAC (US)

TD • New York, NY

10d • $200,000 - $280,000

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.

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

Benefits

• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees