Sanctions Manager

Barclays Bank Plc; Manchester; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading UK financial institution is seeking a Sanctions Manager to lead and execute large-scale sanctions change projects. The successful candidate will design and implement oversight capabilities, ensuring sanctions risk is identified and mitigated effectively. Applicants should have extensive experience with sanctions regimes, retail banking, and strong communication skills. This hybrid role entails up to three days a month in the office, with 35 flexible hours per week. The institution fosters a culture of recognition and provides excellent benefits.

Benefits

28 days holiday plus bank holidays

Annual discretionary bonus scheme

Personal pension with matched contributions

Life assurance (6 times annual salary)

Qualifications

• Extensive experience in dealing with complex sanctions cases.
• Demonstrable ability to apply sanctions experience to evolving policies.
• Experience in 2nd line of defense or escalations teams.

Responsibilities

• Lead large-scale sanctions change and transformation projects.
• Design and implement sanctions oversight capabilities.
• Ensure ongoing risk assessment and mitigation related to sanctions.

Skills

Extensive experience with sanctions regimes (UK, EU, OFAC)

Retail banking experience

Strong communications skills

Teamwork skills

Job description

Overall Purpose of the Role

Lead and execute large-scale sanctions change and transformation projects. The Sanctions Manager will have a critical role in designing and implementing the Group's sanctions oversight capabilities and approach, ensuring the sanctions risk is consistently identified and mitigated. The role holder will be accountable for owning and iterating the Group's sanctions policies and working with all business areas to ensure its effective implementation. The focus will be on ensuring sanctions risk awareness across the Group through training and communications and ensuring that the risk is considered in the design and ongoing operation of our controls. The role will also involve leading conversations with 1st line on emerging sanctions risks and appropriate responses. This role is central to delivering the sanctions components of the multi-year Integrated Financial Crime (IFC) strategy.

Location & Duration

London, 6 months, PAYE only. Remote: Hybrid (up to 3 times a month in the office). 35 hours per week, flexible across 5 days.

Requirements

• Extensive experience with all applicable sanctions regimes, including UK, EU and OFAC.
• Retail banking experience.
• 2nd line of defence experience or within an escalations/complex case team.
• Demonstrable experience of dealing with complex sanctions cases, delivering appropriate guidance on next steps and evolutions to controls as required.
• Strong track record of applying sanctions experience, evolving policies, responding to horizon scanning, identifying sanctions trends and providing advice and guidance on effective and appropriate controls.
• Strong communications and team working skills, working in conjunction with business areas to ensure appropriate sanctions risk awareness.

Benefits

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme.
• Annual discretionary bonus scheme.
• Personal pension with matched contributions.
• Life assurance (6 times annual salary).

About us

We are one of the largest building societies in the UK and strive to improve the lives of others. We are officially recognised as a ‘Great Place to Work’. Our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing. The Co‑operative Bank became part of our Group at the beginning of the year. We share values and an ethical approach towards members, customers and colleagues. We are serious about equality, race, age, faith, disability and sexual orientation and celebrate diversity. Flexibility matters to us, and wherever possible we consider alternative working patterns.