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Senior Sanctions Advisory Officer

  • Location: City of London
  • Job Type:Permanent

Posted 21 days ago

  • Sector: Compliance
  • Contact: Pritesh Chudasama
  • Contact Email: pchudasama@merje.com
  • Contact Phone: 02036371607
  • Expiry Date: 14 October 2022
  • Job Ref: PCH/19552

​Job Description:

Senior Sanctions Advisory Officer required for a leading international corporate & investment bank based in London.

You will be part of a Financial Crime Advisory team responsible for providing specialist Sanctions advice and guidance to 2nd line financial crime function, the business and other areas of the bank.

You will work closely with Sanction specialist teams in other global offices and provide business critical sanctions advice to the UK MLRO, and DMLRO, including owning the Sanctions part of the annual MLRO report (for one of the largest banks in the world).

Duties and requirements for Senior Sanctions Advisory Officer:

Working with key stakeholders both locally and globally to ensure the effective communication and awareness of relevant sanctions topics and that sanctions policy & processes within the advisory scope remain up to date, fit for purpose and in line with regulations and industry best practices; along with championing improvement and enhancement of local process and procedure that relate to sanctions. The Senior Sanctions Advisory Officer also has the role of supporting, guiding and mentoring generalist Financial Crime Advisory Officers.

Key of the Senior Sanctions Advisory Officer position are:

1.Supporting the front office with complex transactions where multiple counterparties are or possibly have a sanctions affiliation. An example would be understanding how a synthetic transaction is unwound and how the counterparties involved are affected from a sanctions perspective. There could be a complex trade finance deal where your technical knowledge will prove to be invaluable to the successful completion of it. Capital market + derivative product knowledge is essential for the position.

2.Providing specialist Sanctions training to the financial crime advisory team, the business, and other parts of the bank.

3.Building, pulling apart the existing sanctions framework and rewriting. This includes all sanctions policies and procedures. Working closely with DMLRO and MLRO for any guidance.

General duties and responsibilities:

•Acting as a key contact across the UK business, UK Legal and Compliance both globally and locally for sanctions advice and support, supporting on the transposition of sanctions policy, instruction and guidance from Group, and its effective implementation.

•Working closely with colleagues in other countries in shaping regional and global sanctions policies and processes, acting as a single point of contact (SPOC) in this regard and pro-actively ensuring the UK sanctions control framework is up-to-date, relevant and fit for purpose.

•Maintaining clear communication lines on the UK sanctions regime requirements with the bank. Communicating UK specific sanctions topics back to Group and to the UK Business as appropriate’ working with them (and the UKFS Head of Sanctions) to ensure national requirements are implemented within the 1LOD and 2LOD.

•Becoming a key part of the global advisory sanctions community and working to enhance and build on networks and contacts that exist already to ensure a strong UK voice for sanctions and clear cascading of information and instruction from global teams to the UK (where it can be acted upon accordingly).

•To act as an escalation point within the Advisory Team and for the UK business to advise on complex sanctions queries and/or high risk sanctions issues arising from client relationships or activity outside of that picked up in payment systems.

•Oversight of UK sanctions licences where utilised/required in relation to UK business activities.

Experience, Qualifications & Competencies

Essential:

•A detailed, strong and demonstrable working knowledge of UK, EU and US sanctions regimes and an understanding of other regimes with the ability to plan and take action in advance of upcoming regulatory/legislative change.

•A broad and strong understanding of products and services in a Corporate Investment Banking environment.

•Strong and demonstrable experience of working in a financial crime environment applying knowledge of Financial Sanctions within a UK Corporate Investment Banking environment

•Can solve problems, communicate solutions and pro-actively take ownership of sanctions compliance challenges with minimal support.

•Proven ability to train both Compliance and Business stakeholders in sanctions compliance as appropriate, with tangible results.

•Strong track record in policy gap analysis, review and writing.

•A detailed working knowledge of current UK regulatory environment for financial crime, particularly where applicable to financial sanctions and an understanding of future proposed changes.

•A proven ability to pro-actively identify weaknesses in (sanctions) policy and the control framework and act independently to enhance/improve this through appropriate means (for example policy writing and implementation).

This is an exceptional bank with excellent career growth and opportunities. They offer a hybrid working set-up. They are at the cutting edge of technology and are a brand that you will be proud to work with.

Please note, should feedback for the Financial Crime Advisory Officer not be received within 28 days due to the large volume of applications; unfortunately, your application has been unsuccessful. However, I may be in touch with similar relevant opportunities in the future.