Executive Director, Head AFC Sanctions

UOB Group; Manchester (CT); On-site; USD 150,000 - 210,000; Full time

Job summary

United Overseas Bank Ltd in the United States seeks a senior sanctions compliance professional to oversee the development and management of sanctions policies and procedures, ensuring alignment with Singapore, US, EU and UK requirements.

You will act as the senior escalation point, liaise with Compliance and Internal Audit, train front and back office staff, and review transactions to ensure conformity with applicable laws. Strong leadership and communication skills are essential.

Qualifications

• At least 12 years of experience in

Job description

Company: 1011 United Overseas Bank Ltd

About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

• Responsible for overseeing the development and management of appropriate policies, procedures and processes to ensure compliance with all applicable sanctions requirements including those of Singapore, US, EU, UK Sanctions requirements.
• Serves as the most senior escalation point/decision maker on escalations relating to Sanctions, across the Bank.
• Serves as the primary liaison to Business and Group Compliance in connection with Sanctions advisory matters.
• Effective contributor for implementation of sanctions policies and procedures, training and risk assessment.
• Maintain audit-ready and consistent practices, procedures and audit logs for sanctions advisory.
• Respond to regulatory and correspondent banks inquiries related to economic sanctions compliance.
• Work closely with relevant Gorup Compliance teams, Internal Audit and other Line 1.5 or Line 1 control functions to ensure that sanctions compliance programs, policies and procedures meet current regulatory requirements.
• Provide ongoing sanctions training to front office, middle and back offices where required.
• Develop and maintain effective relationships with stakeholders across the Bank.
• Keep abreast of current legislative and regulatory developments in ensuring relevant policies, procedures and practices are current.
• Lead the review of transactions, deals, strategic initiatives, and other relationships to ensure conformity with sanctions laws and regulations and the Bank’s policies.

Requirements

At least 12 years of experience in