Economic Sanctions Advisory Manager

 

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

 

This individual will partner with and support Enterprise Financial Crimes Compliance Office of Foreign Asset Control (OFAC)/Economic Sanctions Department, Business Lines, internal and external Legal Counsel as a subject matter expert on Global Economic Sanctions policy, transaction and account decision making for the bank.  This position will require significant knowledge of OFAC/Economic Sanctions rules, license interpretation and regulations with the ability to provide consultative expertise to the Global Sanctions Department and internal Business Lines on OFAC/Economic Sanctions related issues.

Essential Duties:

• Expertise and OFAC/Economic Sanctions decision making experience within the financial service industry as it pertains to the review of wires, accounts and new business product requirements

• Primary Enterprise Financial Crimes Compliance point of contact with OFAC, regulatory agencies, audit, AML, internal and external Legal Counsel on Sanctions matters

• Ability to work in collaborative environment with domestic and international business partners to resolve complex Sanctions issues

• Experience in performing investigations, detailed analysis, drafting written reports on OFAC/Economic Sanctions related issues, inquiries, subpoenas and presenting findings to Senior Management and Legal Counsel

• Experience in drafting OFAC block and reject reports

• Maintains oversight of all bank blocked assets and related internal controls

• Maintains oversight of the Sanctions internal watch list, develops unit procedures as needed

• Ability to lead multiple internal projects, complete action items, business requirements and meet tight project and processing deadlines

• Additional assignments as required

• Travel and overtime as required

 

Qualifications

 

Basic Qualifications:

• Bachelor's degree or work equivalent experience

• Seven to ten years of experience in an applicable financial services sanctions  environment

• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact OFAC/Economic Sanctions

• Excellent written, verbal and senior level presentation skills

• Excellent Microsoft Application Skills

 

Preferred Skills/Experience:

• Master’s Degree or Law Degree

• CAMS Certification

• Considerable knowledge of business line’s operations, products/services, systems, and associated risks/controls within a bank

• Advanced knowledge of Risk/Compliance/Audit competencies

• Strong leadership and management skills of processes, projects and people

• Strong analytical, problem-solving and negotiation skills Job Risk Management / Fraud Prevention

 

Job

Risk Management / Fraud Prevention

Primary Location

IL-IL-Chicago

Shift

1st - Daytime

Average Hours Per Week

40