Sanctions Compliance Program Specialist
Job ID RISK-16986 City Delaware State Delaware Additional Location Exempt/Non Exempt Exempt Shift Day Work Schedule M-F, 8-5 Job Details:
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
Apply Now SANCTIONS COMPLIANCE PROGRAM SPECIALIST
WHAT IS THE OPPORTUNITY?
To help guide the ongoing development and improvement of the Bank's sanctions compliance program, including but not limited to model governance, sanctions screening model management, sanctions vendor management, and screening list governance. This role will play a key role in strategic decisions on City National Bank's sanctions program and support tactical projects related to screening, list management, vendor management, and model governance.
Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
WHAT WILL YOU DO?
- Contribute to management of CNB’s sanctions screening technologies, including model governance, ongoing model review, testing/tuning exercises.
- Perform quarterly testing of CNB’s sanctions screening technology to determine the systems are operating as expected and to identify enhancement opportunities
- Write clear and detailed memos and reports to risk management leadership on proposals to improve sanctions risk identification and efficiency using existing and new technology
- Contribute to the management of CNB’s sanctions screening lists, including government-provided lists and internal watchlists
- Compile Key Performance Indicators and other metrics on CNB’s economic sanctions program
- Perform reviews of CNB’s third-party vendor providing sanctions vendors to ensure adherence to CNB standards
- Support drafting and enhancement of CNB’s sanctions-related written program, including policies and procedures.
- On an as needed basis, perform quality control reviews of sanctions alert reviews
- Execute sanctions testing projects focused on addressing model governance requirements and identifying opportunities to improve CNB’s risk identification and efficiency
- Contribute to the development of strategies to implement new technologies with the CNB sanctions team, including reporting, artificial intelligence / machine learning, automation, enhanced sanctions risk identification.
- Work closely with the first line of defense technology and business lines
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Bachelor's Degree
- Minimum 5 years of sanctions alert review and sanctions list management experience with U.S. financial institutions.
- Minimum 5 years of sanctions technology experience, including system testing, model governance, implementation, and/or tuning. Knowledge of LexisNexis Bridger, Actimize WLX, and ACI MTS ESF preferred, but not required.
Skills and Knowledge
- Track record of designing and developing high quality, scalable and efficient solutions, and products on schedule.
- Excellent project management, process management and problem-solving skills.
- Experience utilizing research/investigative databases and software applications to analyze and detect transaction patterns and trends (or similar role).
- Independent worker and a critical thinker; can multi-task and able to work effectively in a fast-paced environment.
- Ability to work with internal stakeholders (e.g., Compliance; Technology and Innovations; Operations; Audit).
- Strong knowledge of MS Word, Excel and MS Access.
- Strong organizational and analytical skills.
- Excellent verbal and written communication skills.
- Knowledge of OFAC, BSA/AML Regulations.
- Knowledge of LexisNexis Bridger, Actimize, MTS ESF, SQL, Python a plus.
Compensation
Starting base salary: $87,027 - $138,965 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
