VP, Sanctions Advisory Lead

Community Federal Savings Bank • New York, NY

12d • $150,000 - $170,000

About The Position

CFSB is seeking an experienced sanctions subject matter expert to support the Sanction and Screening Program to ensure adherence to sanctions laws and regulations. Reporting to the Head of Sanctions and Screening Program, this role involves acting as a sanctions subject matter expert while supporting the application of sanctions strategies, controls, and standards. The ideal candidate will have extensive experience in sanctions compliance and a strong understanding of OFAC and other relevant sanctions authorities.

Requirements

• Extensive knowledge of sanctions regulations, including OFAC and other relevant authorities.
• Proven experience in large, global sanctions compliance functions and complex regulatory environments.
• Strong analytical, and problem-solving skills, with a keen understanding of risk management and mitigation strategies.
• Excellent communication and presentation skills.
• Bachelor's degree required; preferred concentration in International Affairs, Economic, or Political Science. Advanced degree or relevant professional certification (e.g., CAMS, ACSS, etc.) strongly preferred.
• 8-10 years of overall experience with 5+ years of progressive experience in sanctions compliance.

Nice To Haves

• Experience in Retail Banking, FinTechs, MSB’s, international payments, and card products preferred.

Responsibilities

• Support the Head of Sanctions and Screening Program with the Bank’s sanctions compliance strategy including maintenance of the program.
• Assist with the enforcement of sanctions policies and standards to ensure compliance with U.S. and international sanctions regulations, including OFAC, UN, and other relevant authorities.
• Provide expert sanctions guidance as a representative of the Sanctions and Screening Program to the CFSB organization and the Bank’s third-party partners and program managers.
• Investigate potential sanctions violations and coordinate appropriate actions, including reporting to OFAC, regulators, and implementing remedial measures.
• Review and analyze applicable updates to sanctions laws, rules, and regulations promulgated by relevant authorities, including OFAC, to determine material impact to the Bank.
• Collaborate with the broader Compliance function and other relevant business units to ensure execution of applicable sanctions regulatory requirements.
• Responsible for the filing of applicable regulatory reporting including but not limited to OFAC Block and Reject Reports, Annual Report of Blocked Property, and Unblocked Property Report.
• Drive a culture of accountability, integrity, and continuous improvement through collaboration and inspiring commitment to the Sanctions and Screening Program priorities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level