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Assistant Vice President - Financial Sanctions Compliance Officer
BNP Paribas
Jersey City, NJ, United States
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Business Overview:
US Financial Security (USFS), which comprises Compliance advisory and operational functions governing the management of anti-money laundering (AML), know-your-customer (KYC), sanctions (OFAC and EU) and other related regulatory compliance risks, is a significant component of the US Corporate and Institutional Bank’s (CIB) Compliance Department. Principally located in Jersey City, USFS advisory and operations personnel work closely with other US, Canada and Latin America CIB Compliance Department colleagues, Americas Compliance peers at Bank of the West, First Hawaiian Bank and Asset Management to form an FS community, and in particular notably partner with representatives from Information Technology and Operations (ITO) to measure, manage and control specific FS-related compliance risks.
Responsibilities:
• Provide advice to various lines of business on sanctions regulations and internal sanctions policies.
• Investigate and decision alerts from transactional, static data, client onboarding and other filtering processes. Thoroughly document and maintain related investigation files.
• Ensure escalation of significant sanctions-related matters to the OFAC Compliance group head.
• Perform ad hoc investigations and analysis in support of voluntary disclosures to OFAC and any regulatory enquiries, and as requested.
• Assist with coordination of response for internal and external OFAC/sanctions-related examinations.
• Keep abreast of sanctions regulatory developments and of internal sanctions policies.
• Prepare and maintain KPIs and other sanctions-related statistics for reporting.
• Perform other duties as assigned.
• Comply with applicable BNPP policies governing employee work and conduct.
Minimum Required Qualifications:
• 5 + of experience in a financial services industry or regulatory environment; at least 3 years in OFAC/ Financial Sanctions compliance.
• Bachelor’s degree from an accredited college/university in Accounting, Finance, Legal, Economics or related discipline.
• Must possess strong:
◦ Analytical skills to review and analyze OFAC inquiries and hits for resolutions.
◦ Investigative skills for potential OFAC violation and trend
◦ Computer skills including MS Office Suite particularly MS Excel
◦ Written and oral presentation skills
◦ Strong understanding of corporate governance and the OFAC regulatory environment
• Ability to:
◦ Understand the importance of privileged and confidential information
◦ Manage multiple projects and meet timely deadlines
Preferred Qualifications:
• Master’s Degree a plus.
FINRA/SEC Registration:
• Not Applicable
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
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