About the position
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere. We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about. We're seeking a future team member for the role of Pipeline Sanctions Professionals to join our Global Sanctions Compliance team. This role is located in New York, NY or Lake Mary, FL. - HYBRID.
Responsibilities
- Provide second line oversight over line of business processes and controls to ensure compliance with sanctions regulations and policy requirements, liaising with SMEs in other financial crimes disciplines, as required.
- Provide advisory and guidance to the first line of defense (1LOD) on economic sanctions issues and the application of policy requirements to their business lines and customers, as required.
- Review and challenge business line economic sanctions standards and procedures, at implementation and subsequent review.
- Provide review and challenge for 1LOD economic sanctions risk assessments to ensure they are appropriate and completed in compliance with corporate and regulatory requirements to include all relevant risks and controls and reflect the economic sanctions risks associated with the relevant business line / legal entity.
- Provide advisory to and oversight of 1LOD to ensure that sanctions risks are assessed in relation to changes to systems, customer onboarding, new products and services, and any other relevant projects.
- Work closely with regional sanctions / AML teams on multi-jurisdictional sanctions issues impacting the relevant business line / legal entity.
Requirements
- Subject matter expert (5+ years) experience with Office of Foreign Assets Control regulations, as well as knowledge of non-U.S. sanctions regulations, and Financial Crimes Compliance specifically related to financial services sector.
- Prior experience working within U.S. Financial Institutions with regards to their U.S. Department of the Treasury - Office of Foreign Assets Controls sanctions compliance program.
- Strong financial services product knowledge of one or more of the following: Payments, Trade, Securities, Custody, Markets.
- Knowledge of and experience with sanctions controls, screening systems / other compliance tools.
Benefits
- Highly competitive compensation
- Benefits and wellbeing programs
- Access to flexible global resources and tools for your life's journey
- Focus on health and personal resilience
- Generous paid leaves, including paid volunteer time
