Sanctions Compliance Officer

nordeabank

3d•Hybrid

About The Position

We are looking for our new Sanctions Compliance Officer (“CO”) to partner with our Compliance Team in New York in carrying out our OFAC Compliance Program as well as assisting with other areas of financial crimes compliance. At Nordea, we see that the world is changing fast – and we want to be one step ahead of the curve. That is why we are deeply committed to providing the compliance solutions that focus on creating value for our New York Branch. We are creating a service oriented environment where we coordinate with business and grow together – and we need your ideas and unique background. With us, you will be in good company with a chance to make your mark on something bigger. Join our New York Compliance Team as our new Sanctions Compliance Officer focusing on sanctions compliance while having the opportunity to grow your career by assisting with other aspects of the branch’s AML/CFT/OFAC compliance programs as well as participating in the execution of other responsibilities within the New York Compliance Team. Be a part of enhancing a program on which the branch can develop future growth and where your ideas and experiences are valued. We add value by challenging the status quo and seeking learning and understanding of industry best practices from a variety of sources. In turn, we seek to create a great experience working with business to enhance their understanding of the nature of financial crimes compliance and the value it provides to building growth. As a Compliance Officer, you will play a vital role in assisting the NY Compliance Team in creating a trustworthy and valuable partnership with your Nordea New York branch colleagues. Collaboration. Ownership. Passion. Courage. These are the values that guide us in how we work and how we make decisions – and that we imagine you share with us. Our new CO will be responsible for sanctions compliance, ensuring that the OFAC Compliance Program addresses all regulatory requirements and expectations. The CO will report directly to the NY Head of Compliance. S/he/x is expected to quickly become fluent in the essential work flow processes and branch risk profile and then seek to enhance the process through initiative and collaboration among peers. Additionally, you will contribute your talents to assist in the overall development of the New York Branch compliance programs. This means you will need to be open-minded and ready to accept challenges. You will also be well structured, a strong communicator, attentive to detail, have a proven record in providing insights and feedback and collaborating for the further benefit of the team, the team's stakeholders and the bank. Be prepared for the expectation of offering good ideas as well as executing and working hands on to see things through to completion. This role is based on-site in Midtown Manhattan with a hybrid working schedule (employees may work from home up to 40% of the available working days each month).

Requirements

7+ years of relevant financial crimes compliance experience with an emphasis on economic sanctions in a banking institution.
Strong knowledge of US financial crime and sanctions regulatory requirements.
Deep understanding of geo-political issues and ability to assess the impact on the Branch.
Excellent written and verbal communication skills with strong English skills both written and spoken.
Ability to collaborate with stakeholders across the bank.
Strong analytical skills.
Strong project management and execution skills.
Ability to understand business issues and develop solutions that meet regulatory requirements while minimizing impact to normal business processes.
CAMs Certification or equivalent required.
Bachelor’s degree.
Have a high work capacity, enjoy working with others, are a trusted colleague and have an interest in developing both yourself and the people around you.
Thrive on building close and long-term relationships, acting with the bank’s best interest in mind.
Are proactive, self-driven and engaged with a high level of credibility.
Are service-minded and have a deep understanding of compliance principles.
Are analytical, structured and systematic in your ways of working.
Eager to learn and support all areas of compliance.

Responsibilities

Handling business unit escalations and assessing any sanctions risk exposure and/or reporting obligations as relevant.
Performing the annual OFAC Risk Assessment and presenting results to the local governance committee.
Maintaining the OFAC Compliance Program and related policies and procedures and updating these at least annually.
Reviewing inquiries pertaining to OFAC investigations.
Preparing and reporting on OFAC and other sanctions related issues to the Branch’s local governance committee.
Preparing and delivering OFAC training to New York Branch employees.
Being well informed on current events with respect to potential new sanctions requirements and assessing any regulatory changes for potential impact on the Branch.
Informing the Head of Compliance, NY Branch of any potential regulatory compliance shortfalls within the OFAC program.
Keeping abreast of Nordea Group policies related to sanctions and determining if Branch policies and procedures need to be enhanced.
Providing advice to business lines on OFAC sanctions regulations and internal policies.
Supporting the Head of Compliance, NY Branch during internal audits and regulatory examinations by preparing submissions in response to requests and addressing audit and examination findings.
Providing recommendations for process improvements.
Assisting with management reporting.
Performing other compliance related duties as required.