Vice President, Global Financial Crimes Specialist (Sanctions) Job in Mumbai at Bank of America

Bank Of America is hiring for the role of Vice President, Global Financial Crimes Specialist (Sanctions)!

Responsibilities of the Candidate:

• Apply knowledge of economic sanctions laws, rules and regulations in the non-US (EMEA and APAC) regions to the disposition of sanctions alerts generated on customer or transactional data.
• Work an operational queue environment of sanctions alerts in a timely and accurate manner.
• Liaise with stakeholders are required to resolve alerts, e.g. country MLROs, Sanctions Ops (SSCoE), Legal as required.
• Draft relevant regulatory reporting as required and work with the relevant MLROs to ensure the appropriate filings are made.
• Escalate key items for MLRO awareness as required.
• Produce metrics and report on volumes/decisions/ reporting, etc.
• Establish periodic Monitoring & Testing routines
• Communicate MI and M&T results as to relevant stakeholders/ forum as required.
• Look for opportunities to strengthen reporting, governance and the controls environment and process around alert reviews.
• Support the wider Global Economic Sanctions (GES) team and regional GES Execs on other sanctions matters as and when required.

Requirements:

• Significant experience and knowledge of non-US economic sanctions program requirements, particularly with EU, UK, and APAC-related sanctions regulations
• Experience with the disposition of sanctions alerts or similar both in a transactional and customer setting
• Possess a strong risk framework and approach, and the ability to manage the risk-reward trade-off; follow the proper risk routines to achieve the right outcomes for the business
• Analytical and detail-oriented
• Good oral and written communication skills
• Understanding of US OFAC sanctions