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Overview

This position manages compliance associates, initiatives, and activities that reduce risk and ensure OFAC/Sanctions regulatory compliance for the Bank. Oversees enterprise-wide initiatives with significant impact on daily processes. Leads OFAC/Sanctions due diligence reviews of existing clients and prospects, and related credible challenge of reviews completed by the bank’s First Line of Defense, as well as analysis and communication of new or changing regulations. Represents compliance efforts on business projects and committees. Partners with lines of business to foster open communication and productive relationships throughout the implementation of changes. Provides personal leadership and expertise to ensure policies, procedures, and practices of the Bank comply with applicable laws and regulations.

This is a remote role that may be hired in several markets across the United States.

Responsibilities

• Compliance Oversight - Manages a team of associates who analyze OFAC/Sanctions regulatory compliance for the Bank, and other compliance-related issues. Oversees the implementation of necessary changes to business processes, systems, or programs in accordance with external laws and regulations. Leads the review and execution of enterprise-wide initiatives that ensure regulatory, legal, and risk mitigation compliance.
• Compliance Review - Leads the research and investigation of unusual activity or flagged documentation, processes, and transactions, particularly involving complex international business operations. Ensure compliance with applicable laws, regulations, policies, and procedures. Resolves issues, clears exceptions, or escalates as appropriate
• Open Source Research - Performs research using open source and proprietary tools, including frequent research using foreign-language sources, particularly Russian.
• Writing - Drafts high-quality, thoroughly-researched business documents, including sanctions risk analysis as well as program, policy, and procedure documents. As needed, supports drafting of correspondence with OFAC, including subpoena responses and Voluntary Self Disclosures.
• Sanctions Guidance and Advisory - Participates in discussions with and provides guidance to First Line of Defense partners and clients on sanctions compliance obligations. Advises Second Line of Defense teams on sanctions compliance issues, including on complex transaction reviews and other complex investigations.
• Country Risk – Advises Second Line of Defense and First Line of Defense on country and geographic risk. As needed, assess country risk products from third party vendors, and impacts of changes to country risk on the business.
• Compliance Expertise - Maintains knowledge of laws, regulations, procedures, and policies, particularly US and international sanctions programs and foreign policy issues, that affect the assigned business area through ongoing research and industry involvement. Acts as a resource to less experienced associates, providing training and expertise for complex issues. May participate in industry events, form partnerships with other professionals, or seek additional training to remain current on evolving issues. May update policies and procedures as appropriate.
• Training – Assists in developing and delivering sanctions training materials and oversight of training program, as needed.
• Business Strategy - Fosters productive relationships and open communication with management throughout the Bank to develop an appropriate compliance culture. Assists business lines in understanding their roles in compliance and risk mitigation efforts by serving as the point of contact for daily requests. Identifies opportunities to leverage technology that enhances processes, mitigates risks, and improves operational efficiencies.
• Managerial Functions - Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team policies, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development.
• Business Support - Partners on the development of key performance metrics and reporting criteria. Participates in business committees and other projects related to compliance, legal, and regulatory risk. Monitors and reviews high risk, escalated issues.

Qualifications

• Bachelor's Degree and 6 years of experience in Compliance, Legal, Audit, Regulatory Compliance Management, Banking or other related experience OR High School Diploma or GED and 10 years of experience in Compliance, Legal, Audit, Regulatory Compliance Management, Banking or other related experience

Preferred Qualifications

• Prior experience leading sanctions compliance at a Large Financial Institution.
• Certified Global Sanctions Specialist (CGSS) certification, or similar Sanctions or BSA/AML professional certifications

This job posting is expected to remain active for 5 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $105,000 and $160,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits