Bank Of America Sanctions Regulatory Risk Manager 

United Kingdom, England, City of Westminster 

124083685

Job Description:

Job Title:Sanctions Regulatory Risk Manager

Up To Director

Role Description:

You will be a Sanctions Regulatory Risk Manager for coverage of EMEA. In your role you will have deep sanctions subject matter understanding, proficiency in interpreting and implementing complex and emerging sanctions regulations, and oversight of Front-Line Unit (FLU) execution of existing sanctions controls. You will develop and maintain a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities.

Responsibilities:

• You will manage and interpret sanctions requirements for Financial Crimes Global Standard

• Assess and interpret impact of United States, United Nations, Europe Union, United Kingdom sanctions and anti-boycott regulatory change

• Provide overview of all sanctions-related monitoring & testing done by sanctions team and other enterprise teams, and perform thematic reviews

• Open and/or oversee sanctions-related audit issues - Provide overview of all sanctions-related issues and perform thematic reviews

• Assess regional operational and risk metrics for input into management level reporting

• Investigate and disclose potential violations of sanctions or anti-boycott law; respond to sanctions subpoenas

• Assist Money Laundering Reporting Officers with local regulatory inquiries

• Perform sanctions and anti-boycott targeted risk assessments

• Consult with FLU risk managers to develop sanctions specific content in periodic risk assessments

• Monitor sanctions and anti-boycott penalty assessments for potential vulnerability

• Benchmark with peer banks on key industry trends

What we are looking for:

• Demonstrable sanctions related experience

• Knowledge of financial products (for example - lending, financing, payments, securities trading, and derivative products)

• Experience working at an Investment Bank/Corporate Banking

Skills that will help:

• Financial Services and/or related government entity

• JD or advanced degree preferred

• Legal background (law firm or other) valuable.

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.