Sanctions Regulatory Risk Manager

Bank of America; London, North East Derbyshire; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Sanctions Regulatory Risk Manager to oversee EMEA sanctions compliance. This role requires a deep understanding of sanctions regulations and the ability to interpret complex legal frameworks. You will manage and monitor sanctions-related activities, ensuring compliance with various regulatory bodies. Join a forward-thinking organization that values diversity and offers flexibility, while providing competitive benefits to support your well-being. If you have a strong background in financial services and sanctions, this opportunity is perfect for you to contribute to a culture of responsible growth and ethical conduct.

Qualifications

• Deep understanding of sanctions regulations and risk management.
• Experience in interpreting complex sanctions requirements.

Responsibilities

• Manage sanctions requirements for Financial Crimes Global Standard.
• Investigate potential violations of sanctions laws.

Skills

Sanctions Regulatory Experience

Financial Products Knowledge

Investment Banking Experience

Legal Background

Education

JD or Advanced Degree

Job description

Job Description:

Job Title: Sanctions Regulatory Risk Manager

Corporate Title: Up To Director

Location: London

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

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.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

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