Job Descriptions
Role Overview
As the VP of Sanctions Compliance for our client, you will assume a pivotal position in ensuring their Group's adherence to regulatory and statutory requirements across all areas of operation. Your expertise will play a key role in shaping and strengthening their compliance practices on a global scale. You will provide technical advice, undertake compliance reviews/risk assessments, develop policies, and devise procedures and monitoring controls to help the Group comply with relevant laws, regulations, and regulatory reporting licensing requirements across its worldwide operations.
Requirements
- University degree, compliance, specifically Sanctions and risk management certifications, banking, financial services, Fintech, Digital and cross border payments, or another relevant field
- 10+ years of experience in a compliance role.
- Strong knowledge of OFAC reporting requirements and experience filing Sanctions & Terror Reports, dealing with and managing regulatory exams and internal audits
- Deep understanding of corporate governance, anti-money laundering (AML), investment and/or payment services regulations, crypto asset regulatory frameworks and other relevant legislation
- Experience in dealing with regulatory bodies.
- Solid understanding of legal and AML/CFT and anti-bribery and corruption compliance requirements and controls.
- Excellent spoken and written English communication skills.
Responsibilities
- Anticipate challenges and implement solutions in order to manage the expectations.
- Manage a team of Sanctions Compliance analysts, who focus on regulator driven and internally developed sanction watch lists. The team conducts investigations into potential sanctions concerns, including searches of transactions, digital assets, and reviews referrals looking for designated high-risk subjects and sanctioned transactions.
- Create a collaborative compliance framework and foster collaboration by liaising with Global Chief Compliance Officer and our Compliance teams worldwide. Through an aligned and holistic compliance framework, you will help strengthen our global compliance efforts and ensure consistency.
- Engage with Sanctions regulatory authorities and act as a point of contact and build relationships with Sanctions regulatory authorities and industry standards organisations as necessary.
- Assist in the development of regulatory and internal audit responses/materials and participate in internal audit and regulatory exams.
- Manage sanctions global governance forum/committee, prepare and review materials submitted by Lines of Business and perform follow-up with key stakeholders, as required.
- Work with the Global Financial Crimes Compliance partners and third-party training partner(s) to develop and review sanctions training materials and provide training to relevant teams.
- Review self-identified issues, perform check and challenge of reported details and track remediation plans and monitor deadlines with relevant issue owner(s).
- Update the sanctions risk assessment, sanctions country risk rating methodology and review/finalize the comprehensive qualitative write-up.
- Perform strategic Compliance monitoring, planning and reporting: Develop and implement strategies for monitoring compliance and conducting audits, reviews, and action plans.
- By creating and revising the annual Sanctions compliance work plan, you will ensure our practices efficiently align with evolving regulatory requirements.
Salary
Competitive
Monthly based
Location
Accra, Greater Accra Region, Ghana
Accra, Greater Accra Region, Ghana
