OFAC Compliance Sanctions List Management Associate

Permanent contract|New York|Compliance

OFAC Compliance Sanctions List Management Associate

New York, United States Permanent contract Compliance

Responsibilities

This role is responsible  sanctions screening matters, including, but not limited to:

  • Ensure SGUS’s screening is in line with OFAC/EU and all other applicable sanctions laws and regulations.

  • Oversight of Technology and Operations teams on issues related to sanctions screening and list management including tuning, analytics and data governance.

  • Liaise with Group Compliance and Technology teams in Paris on sanctions screening issues, including list management, rules, and good guys.

  • Proactively identify regulatory compliance and/or operational issues and implement solutions to improve control environment. 

  • Recommend opportunities for tuning the sanctions screening lists with rules and good guys, and develop structure for ongoing reviews of interdiction lists. 

  • Proactively represent US Sanctions Compliance in all initiatives to implement or upgrade sanctions screening software

  • Execution of enhancements of processes and procedures with a commitment to consistency and successful implementation within the set targets and deadlines.

  • Manage multiple projects and meet timely deadlines.

  • Identify potential screening gaps and develop implementation plans to address them.

  • Develop and prepare key metrics for daily and monthly oversight and reporting to senior management.

  • Participate in special projects in support of the US Sanctions Compliance program. 

  • Assist with coordination of materials for internal and external OFAC/sanctions-related regulatory examinations.

Profile required

COMPETENCIES

  • Excellent written and oral communication skills. 

  • Strong public speaking skills.

  • Ability to work closely with technology teams, explaining regulatory needs to system developers and technicians.

  • Ability to work collaboratively within a complex organization, across multiple cultures, geographies, and disciplines.

  • Ability to balance multiple, changing priorities in a dynamic and fast moving working environment.

  • Prior Sanctions Compliance experience, including List Management.

  • Prior Supervisory experience preferred.

Business insight

Société Générale’s US Financial Crime department is responsible for ensuring compliance with anti-money laundering (“AML”), Bank Secrecy Act, USA PATRIOT Act, OFAC and sanctions regulations for the US operations.  The department performs, among other responsibilities, AML transaction monitoring and SAR filing,   OFAC screening,  as well as advisory and control functions across SG US  bank and broker dealer businesses.  The department is also responsible for the management of the tools used for sanctions screening and AML transaction monitoring.

Sanctions Compliance is responsible for ensuring compliance with OFAC, E.U., and other applicable sanctions programs throughout SGUS. This includes reviewing alerts on transactions (second level review) and static data (first level review) for potential matches to the OFAC, E.U., and any other applicable lists and investigating potential matches, reporting blocked property or rejected transactions to OFAC, investigating and drafting Voluntary Self-Disclosures to OFAC, targeted training to SG Employees on OFAC/sanctions issues, providing sanctions-related advisory support to SGUS business units, reviewing the Sanctions Risk Assessment, and coordinating with the Global Head of Embargoes, as appropriate. 

#LI-Hybrid

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000PXA
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2022/10/31
Publication date: 2022/09/13
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