Sanctions Lead
(3 day in-office requirement)
Qualifications:
- Bachelor’s degree or relevant work experience
- A comprehensive understanding of OFAC and other Global Sanctions Regulations;
- 5+ years of experience in sanctions compliance or financial crime within a financial institution or money service business, with at least 2 years in a leadership or supervisory role.
- Ability to manage and prioritize simultaneous projects, related to different stakeholders, internal and external to company
- Excellent interpersonal, verbal, and communication skills, strong professional presence to support regular interactions with senior management
- Proven ability to lead teams, drive performance, and manage risk effectively.
- Experience managing and working with offshore teams
- High level of integrity, accountability, and attention to detail.
- Ability to anticipate and proactively initiate future projects
- Ability to work on site, at least 3 days per week
A day in the life and how you’ll make an impact:
- The Sanctions Team Leader will lead initiatives, in collaboration with the US Director of Compliance Operations and TLV Compliance Manager , to handle the daily tasks to support our sanctions requirements
- Lead and manage a team of sanctions analysts responsible for reviewing and escalating sanctions-related matters.
- Provide hands-on support. Including, but not limited to, escalations from other lines of business regarding sanctions, Quality Assurance of the sanctions team work
- Take ownership of sanctions QA processes, including hands-on review of alert quality and resolution of both internal escalations and end-user issues related to sanctions decisions
- Ensure adherence to OFAC and other relevant regulatory requirements, internal policies, and industry best practices.
- Maintain accountability for the overall health and performance of the sanctions operations function, ensuring workflows are effective, timely, and compliant with internal and regulatory expectations
- Maintain internal procedures and workflows to drive consistency and efficiency.
- Provide subject matter expertise on sanctions issues and deliver training to team members and business stakeholders.
- Collaborate with Compliance, Legal and Business teams on sanctions related matters.
- Collaborate with Compliance, Product, Analytics and Engineering for refinements and enhancements to the sanctions screening products and workflows.
- Stay current on changes to global sanctions regulations and evaluate their impact on the firm’s operations.
- Prepare and present Key Performance Indicators (KPIs), metrics, and high-risk case summaries to senior stakeholders.
- Support internal and external audits, regulatory exams, and assurance reviews.
- Foster a culture of compliance, integrity, and continuous improvement within the sanctions team.
- Q&A and monitor team performance, relevant system rules and features
- Escalate issues to management as appropriate
- Ad Hoc Projects
About Melio USA:
- Competitive compensation packages: We strive to make each and every employee feel valued and appreciated.
- The annual base salary range for this position is $105,000-120,000
- Medical, Dental, and Vision: We offer generous and highly competitive plans with up to 100% employer-paid coverage, FSA and HSA.
- 401K matching and stock options: Feel the investment of working at a hyper-growth startup.
- Wellness: We take a holistic approach to wellness at Melio with a focus on providing financial, physical, emotional, social, and community support for our employees.
- Time Off: Time to rest and recharge is a priority for us. We offer competitive vacation time, sick days, holidays, parental leave and wedding days to allow you to take the time you need, when you need it.
- Food perks: Enjoy our fully stocked kitchens, along with a weekly Seamless stipend and plenty of catered meals each week.
- Office culture: Thrive in our collaborative offices in New York City in a hybrid working environment. We are dog friendly as well!
- Growth and development: Lean on the diverse team to foster professional and personal growth through workshops, mentorship programs, and team building activities.