Bank of America
Job title:
Sanctions Regulatory Risk Manager
Company
Bank of America
Job description
Job Description:Job Title: Sanctions Regulatory Risk ManagerCorporate Title: Up To DirectorLocation: LondonCompany 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.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Location Overview:Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.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 StandardAssess and interpret impact of United States, United Nations, Europe Union, United Kingdom sanctions and anti-boycott regulatory changeProvide overview of all sanctions-related monitoring & testing done by sanctions team and other enterprise teams, and perform thematic reviewsOpen and/or oversee sanctions-related audit issues – Provide overview of all sanctions-related issues and perform thematic reviewsAssess regional operational and risk metrics for input into management level reportingInvestigate and disclose potential violations of sanctions or anti-boycott law; respond to sanctions subpoenasAssist Money Laundering Reporting Officers with local regulatory inquiriesPerform sanctions and anti-boycott targeted risk assessmentsConsult with FLU risk managers to develop sanctions specific content in periodic risk assessmentsMonitor sanctions and anti-boycott penalty assessments for potential vulnerabilityBenchmark with peer banks on key industry trendsWhat we are looking for:Demonstrable sanctions related experienceKnowledge of financial products (for example – lending, financing, payments, securities trading, and derivative products)Experience working at an Investment Bank/Corporate BankingSkills that will help:Financial Services and/or related government entityJD or advanced degree preferredLegal background (law firm or other) valuable.Benefits of working at Bank of America:UKPrivate healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partnerCompetitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annumThe ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.Access to an Employee Assistance Program for confidential support and help for everyday mattersAbility to donate to charities of your choice directly through payroll and the bank will match your contributionOpportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.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.
Expected salary
Location
London
Job date
Wed, 19 Mar 2025 23:05:40 GMT
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