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Compliance Manager, VP – SanctionsDescriptionAt Bank of the West, our people are having apositive impact on the world. We’re investing where we feel we can make themost impact, like advancing diversity and women entrepreneurship programs,financing for more small businesses, and promoting programs for sustainableenergy. From our locations across the U.S., Bank of the West is taking action tohelp protect the planet, improve people’s lives, and strengthen communities. Weare part of BNP Paribas, a global leader supporting the UN SustainableDevelopment Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world,we are continually seeking to improve the ways we help our customers, whilecontributing to more sustainable and equitable growth.JobDescription SummaryAs a member of the Sanctions Compliancemanagement team, this role is responsible for managing the execution,coordination, and oversight of the Sanctions Compliance advisory sub-functionto influence and guide enterprise Business line and Corporate Functions (e.g.Operations, Risk, IT, HR, Legal) compliance with OFAC/Sanctions-related policies,procedures, laws, regulations, and regulatory guidance.Essential JobFunctions
Provides a leadership role in managing the Bank’s corporate-level OFAC/Sanctions Policy and corresponding OFAC/Sanctions Principles, Standards, and Guidance (PSG), under the direction of the Head of Sanctions and in coordination with BNPP partners; includes managing one direct report.
Liaise closely with partners in the First Line of Defense (1LOD)(e.g. Business Controls & Governance, Relationship Management, BranchOperations) and Corporate Functions (e.g. End to End Operations, KYCOperations, Legal, Risk, IT, HR) to review, challenge, validate, and/or approveprocedures and processes for implementation and alignment with the Bank’sSanctions Compliance Program.
Interfaces with Regulatory Relations and Federal and Stateregulators during annual examinations and periodic updates, ensuring that theSanctions Compliance Program framework are adequately communicated and remainaligned with the Bank’s Enterprise Compliance Program and other controlfunctions.
In coordination with the Head of Sanctions and BNPP Compliance andLegal partners, assess new/changed regulatory and industry developments regardingU.S. and international sanctions laws and regulations, which may affect BOTWbusiness practices and product/service offerings
Support the review, analysis, and approval of BOTWaccounts/relationships that are flagged for potential sanctions exposure,through Know Your Customer processes and investigative case work
Conduct and participate in OFAC/Sanctions-related risk assessmentsboth from a product-level perspective, as well as annual cycles for local,regional, and global perspectives
Represent Sanctions Compliance in various BOTW and BNPP governancecommittees and fora, as appropriate
Prepares metrics and other high level MIS reporting for ComplianceManagement; ensures reporting is prepared and submitted timely, in coordinationwith other Compliance Operations groups.
Other JobDuties
Engage auditors and independent testers in their respectivereviews of Sanctions Compliance activities; support 1LOD and Corporate Functionpartners in their reviews as appropriate; produce materials and draftmanagement responses to potential findings/issues and recommendations as theyarise;
Support the escalation of OFAC/Sanctions-related matters to BNPPin accordance with established decision processes; also support the Bank’sescalation to BNPP of Defense & Security and Nuclear sector cases under theglobal Corporate Social Responsibility framework
Identifies issues (policy/PSG gaps) and support remediation, issuemanagement tracking, and other reporting to BOTW and BNPP Compliance partners
As appropriate, support: compliance monitoring activities; developmentand delivery of targeted training to Business, Compliance, and other partners; developmentand coordination of communications; records management
QualificationsEducation
Bachelor's Degree Business Administration or related fieldrequired; Master’s Degree is a plus
WorkExperience
10 years of actual experience in a large regional or global bankingenvironment, preferably with expertise in one or more of the following areas:compliance risk management (economic sanctions, anti-money laundering, counterterrorist financing), internal audit, banking supervision/regulatoryexaminations, law enforcement agency/administration, and/or policy/proceduregovernance
Requires intermediate-to-advanced knowledge of one or more of the jobareas noted above, obtained through the combination of experience in priorroles, advanced education, or industry certifications
Experience communicating with regulators, auditors, andindependent consultants
Understands basic management approaches such as work scheduling,prioritizing, escalating, developing solutions, coaching, and process implementation/execution
Other desired skills/experience: MS SharePoint design/developmentfor document management/sharing, records storage, etc.; MS PowerPoint/Excel fordevelopment of presentations
Qualified candidates must possess a high degree of critical andcreative thinking, attention to detail, and excel in written and oralcommunication (particularly to senior management levels)
EqualEmployment Opportunity PolicyBank of the West is an Equal Opportunityemployer and proud to provide equal employment opportunity to all job seekers withoutregard to any status protected by applicable law. Bank of the West is also anAffirmative Action employer - Minority / Female / Disabled / Veteran.Bank of the West will consider for employmentqualified applicants with criminal histories pursuant to the San Francisco FairChance Ordinance subject to the requirements of all state and federal laws andregulations.Job: ComplianceLocation: United States-Nebraska-OmahaOther Locations: United States-California-San RamonRequisition ID: 050667
Vacancy expired!