Job Summary

The US Sanctions Program Management & OFAC Reporting Team oversees regulatory policy, interprets sanctions laws, and advises business partners on compliance and is the point of contact for supervisory sanctions-related queries, OFAC and law enforcement subpoenas, and regulatory reporting, including block and reject reports and Voluntary Self Disclosures (VSDs). The team also manages SC NY’s Antiboycott compliance, the CDD Sanctions Risk Assessment, Group List Management Oversight, and governance of Americas Sanctions Procedures and Exam Management.

The Associate Director is responsible for advising business and control functions on complex financial sanctions issues to ensuring compliance with the Banks Sanctions Policy & Standards and external regulatory requirements, including the US, UK and EU as well as managing the US Anti-Boycott Compliance Program.

Key Responsibilities

• Provide timely regulatory and compliance advice to business and control units on the interpretation and application of regulatory expectations, laws, best practices, and SC’s Sanctions Policy & Standards.

• Analyze comprehensive impact of sanctions related regulatory matters on relevant business area(s) and its operations, including Non-Compliant Transactions.

• Manage the US Anti-boycott Compliance Program, acting as the primary point of contact with the Bureau of Industry and Security, including oversight of enquires, provision of advice and preparation and submissions of regulatory reports.
• Ensure key changes (to laws, rules, regulations) are implemented (in region/country), in coordination with Group communications.
• Oversee the US Sanctions List Management process, ensuring appropriate governance, maintenance, and alignment with regulatory requirements and the Bank’s Sanctions Policy & Standards.
• Review and approve client sanctions risk assessments as part of the Customer Due Diligence and onboarding process.
• Escalate potential violations of internal and/or external requirements, ensuring reporting to OFAC and/or other government agencies, if deemed necessary.
• Monitor and interpret regulatory developments, enforcement actions and industry guidance related to US Sanctions Compliance and Anti-Boycott Compliance Regulations, as well as internal policy developments and assess the impact on the bank’s operations and drive implementation of necessary policy or control changes.
• Collaborate with global and regional sanctions teams to ensure consistent execution of the Bank’s Sanctions Policy & Standards and regulatory requirements.
• Design and deliver Sanctions Compliance and Anti-boycott Compliance training to relevant stakeholders.
• Contribute to external exams and internal audits and management reporting related to sanctions and Anti-boycott Compliance.
• Support the Departmental Operating Instructions reviews.
• Attend and represent the US Sanctions Team on sanctions compliance forums/committees/working groups as necessary.

Skills and Experience

• Expert in US Sanctions Regulations
• Knowledgeable in UK Sanctions regulation
• Knowledgeable in BIS Export Regulation
• Expert in Anti-boycott compliance regulations
• Compliance Policies and Standards
• Compliance Advisory
• Regulatory Reporting and Filing 
• Investigations
• Manage Conduct
• Manage Risk
• Manage People
• Spot Opportunities 
• Solve Problems 
• Take the Lead
• Build Resilience 
• Collaborate
• Communicate
• Deliver Sustainably  
• Achieve Results  
• 7+ years of relevant work experience in Sanctions Compliance
• ACAMS certification or industry equivalent required

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term  

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment Assessments

Expected annual base pay range for the role is 80,000 USD to 105,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers