VP- Controls&Procedures- Sanctions Compliance

  • Negotiable
  • Jersey City, NJ, USA
  • Permanent, Full time
  • Michael Page International - US
  • 28 Sep 16

VP- Controls & Procedures- Sanctions Compliance Large Global Bank OFAC Experience is a must.

Large Global Bank, office for position located in Jersey City, NJ.


Primary Responsibilities:

Project Participation:

  • Participate in reviews of sanctions screening process within the business to assess effectiveness, proactively obtaining and reviewing procedures and related documentation.
  • Make remediation recommendations to address any identified control gaps.
  • Drive remediation of identified gaps, track remediation progress and report to management.
  • Document all reviews, testing and testing results.
  • Assist in development of Business Requirement Documents for Compliance-related initiatives; advise and track implementation of initiatives as necessary.
  • Perform User Acceptance Testing as needed.

Filter Review:

  • Possess expertise in screening filters.
  • Provide recommendations concerning filtering effectiveness and efficiency.
  • Manage documentation of filter-related projects
  • Participate in filter optimization projects such as analysis of filter settings and output.

Control Oversight:

  • Consolidate and document the control infrastructure related to sanctions operations in the NY branch.
  • Report KPIs.

Policies and Procedures Review and Development:

  • Prepare and maintain Sanctions Compliance procedures
  • Consolidate and maintain Group Sanctions policies.

Ad-Hoc Tasks:

  • Contribute to List Management processes as required.
  • Perform other duties as assigned.


  • Five years + of experience in a financial services industry; at least 3 years in OFAC/ Financial Sanctions compliance.
  • Bachelor's degree from an accredited college/university in Accounting, Finance, Legal, Economics or related discipline. Master's Degree a plus.
  • Outstanding organizational skills as well as superior attention to details.
  • Extensive Knowledge of OFAC Sanctions and experience in Sanctions investigations.
  • Experience in Risk and/or Compliance-related projects.
  • Superior spreadsheet skills: Pivot Table, V-lookup, Formulas, etc.
  • Excellent written and verbal communication skills in English.
  • Experience in drafting procedures.
  • Proactive and able to solve problems and present solutions.
  • Ability to work under pressure and multitask.FINRA Registrations:
  • Not Applicable