VP, AML Sanctions

Job Description:

Role Summary/Purpose:

Reporting to the VP, AML Sanctions, this position provides watchlist screening compliance support and expertise to business units and Management. Responsible for various activities associated with assigned watchlist screening laws and regulations to ensure compliance with those regulations and other related legal requirements.   

Our Way of Working

We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Essential Responsibilities

• Act as the subject matter resource on Sanctions related laws and regulations, and internal policies and procedures.

• Participate in the Annual Sanctions Risk Assessment

• Participate in Risk Assessment trigger event reviews.

• Function as Technical Model Owner for Finscan which is a Tier 1 model.

• Act as subject matter expert for Sanctions/Watchlist model.

• Maintain awareness of OFAC/Sanctions regulatory developments impacting the Bank and make recommendations to mitigate any identified risk.

• Provide consultation on Sanctions matters to business units and other compliance colleagues.

• Review and recommend changes to sanctions compliance procedures, job aids and process maps.

• Participate in PRC/PRCSA/RAQ review and maintenance process to ensure Sanctions risks and controls are properly documented.

• Oversee various Quality Control/Quality Assurance (“QC”) reviews and/or oversight of watchlist screening processes including OFAC, PEP and MRB.

• Review and assist in the maintenance of the sanctions QC Dashboard.

• Assist in the periodic review watchlist screening tool settings to strategically minimize false positive alerts.

• Identify training needs and support development of content for business units and compliance. As appropriate, deliver in-person or web-based Sanctions compliance ad-hoc training for various groups.

• Performs special projects regarding Bank compliance activities which may require research and analysis, including presentation to senior compliance leadership.

• Other projects and reporting as needed/assigned.

Qualifications/Requirements:

• Bachelor’s degree with a minimum of 5 years of experience in BSA/AML/OFAC; OR in lieu of the Bachelor's degree, a minimum of 8 years of experience in Watchlist Screening at a large financial institution

• 4+ years of experience with bank policies, procedures and operations.

• Working knowledge of OFAC Sanctions, Bank Secrecy Act, USA PATRIOT Act, and the FFIEC Examinations Manual

Desired Characteristics:

• Excellent communication skills (both written and oral); experience making presentations to senior level audiences

• Independent worker, analytical and critical thinker; ability to multi-task and work in a fast-paced environment

• Computer literacy required (Word, Excel, etc.)

• Knowledge of general banking with an understanding of deposit and lending products.

• Knowledge and expertise of Sanctions laws and regulations.

• Excellent interpersonal skills for coordination/liaison functions.

• Excellent presentation skills.

• CGSS, CAMS.or CAFP certification

Grade/Level: 12

The salary range for this position is 110,000.00 - 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Eligibility Requirements:

• You must be 18 years or older

• You must have a high school diploma or equivalent

• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

• New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.  Once this new hi