Sanctions Advisory LeadCIB

Job Description

Working with key stakeholders both locally and globally to ensure the effective communication and awareness of relevant sanctions topics, and that sanctions policy & processes within the advisory scope remain up to date, fit for purpose and in line withregulations and industry best practice; along with championing improvement and enhancement of local process and procedure that relate to sanctions. The Sanctions Advisory Lead also has the role of supporting, guiding and mentoring other Advisory ComplianceOfficers in their sanctions work with the potential of direct reportsshould resourcing exercises conclude additional resourcing needs. The Sanctions Advisory Lead also provides technical sanctions advice across CIB business areas and supports internal Compliancestakeholders. Including working closely with the UKFS - Head of Sanctions.Key Responsibilities of roleThe Sanctions Advisory Lead will be specifically responsible for:

• Ensuring effective awareness and communication relating to sanctions topics between UKFS Advisory, UK Business areas, and Compliance FS teams globally.
• Acting as a key contact across the UK business, UK Legal and Compliance both globally and locally for sanctions advice and support, supporting on the transposition of sanctions policy, instruction and guidance from Group, and its effective implementation.
• Supporting the UKFS Head of Sanctions and the UKFS Advisory Policy Development Lead to design and implement sanctions related policies and procedures for the UK, which enable UK CIB to comply with relevant legislation, regulation and guidance with respectto sanctions.
• Working closely with colleagues in other countries in shaping regional and global sanctions policies and processes, acting as a single point of contact (SPOC) in this regard and pro-actively ensuring the UK sanctions control framework relating to UKFS Advisoryis up-to-date, relevant and fit for purpose.
• Maintaining clear communication lines on the UK sanctions regime requirements with the UK business. Communicating UK specific sanctions topics back to Group and to the UK Business as appropriate working with them (and the UKFS Head of Sanctions) to ensurenational requirements are implemented within the 1LOD and 2LOD.
• Becoming a key part of the global advisory sanctions community and working to enhance and build on networks and contacts that exist already to ensure a strong UK voice for sanctions and clear cascading of information and instruction from global teams tothe UK (where it can be acted upon accordingly).
• To act as an escalation point within the UKFS Advisory Team and for the UK business to advise on complex sanctions queries and/or high risk sanctions issues arising from client relationships or activity outside of that picked up in payment systems.
• To support and work with the UKFS Sanctions on sanctions issues arising out of payment alerts, where assets freezing is required, and regulatory development and change.
• Oversight of UK sanctions licences where utilised/required in relation to UK business activities.
• Responsible for the oversight of production and delivery of accurate and timely management information (relating to UK advisory sanctions topics specifically) as requested from management
• Ensuring the UK business and other internal stakeholders are effectively trained on sanctions topics, including UK sanctions.
• Assist the Advisory Manager and DMLRO in the identification and implementation of efficiency & control enhancements relating to the UK Sanctions control framework on an ongoing basis.
• Assist in the review and completion of audit, regulatory, compliance review or other similar findings where related to Advisory Policy as required by the Head of UKFS Advisory
• Assisting the DMLRO and Head of UKFS Advisory in coordinating and responding to requests from Group Compliance and Financial Security functions internally. Such as risk mapping or responding to significant external events that may require such mapping.
• Dealing with complex sanctions FS advisory queries from UK Business Lines and supporting FS Advisory team members where needed and escalating where necessary
• Supporting the advisory team in BAU and other projects across all metiers as required by Head of UKFS Advisory. This will be defined based on resources and workloads at the time of the other teams.To pro-actively ensure this work allocation is maintainedand support is provided where not requested.
• Performing other work as required from time to time by the Head of UKFS Advisory, DMLRO or other senior member of the Compliance Department
• To stay up to date with the external regulatory environment through active engagement with the UK Industry (i.e. UK Finance, AFME, JMLSG) and internal policy environment through dissemination of information from UKFS Head of Sanctions, GFS and other sources.
• To identify material and relevant risks and/or changes that need to be addressed within the UK Advisory Team; acting on these findings as appropriate, whilst not being responsible for the formal tracking and escalation of regulatory change and developmentunder the UK Sanctions control framework.

Experience, Qualifications & CompetenciesEssential

A detailed, strong and demonstrable working knowledge of UK, EU and US sanctions regimes and an understanding of other regimes with the ability to plan and take action in advance of upcoming regulatory/legislative change.

Strong and demonstrable experience of working in a financial crime environment applying knowledge of Financial Sanctions within a UK FCA regulated firm (preferably a CIB environment), in an advisory capacity. Can solve problems, communicate solutionsand pro-actively take ownership of sanctions compliance challenges with minimal support.

Proven ability to train both Compliance and Business stakeholders in sanctions compliance as appropriate, with tangible results.

Strong track record in policy gap analysis, review and writing.

A broad and strong understanding of products and services in a CIB environment.

A detailed working knowledge of current UK regulatory environment for financial crime, particularly where applicable to financial sanctions and an understanding of future proposed changes.

A proven ability to pro-actively identify weaknesses in (sanctions) policy and the control framework and act independently to enhance/improve this through appropriate means (for example policy writing and implementation).

Excellent team player within a high pressure environment

First class communication skills, both written and oralAbility to challenge senior stakeholders in an appropriate ma