Group Centre Manager – Sanctios & Operations recruitment

Group Centre - Manager, Sanctions Operations, Group Compliance - 00049841

Primary Location : UK-London

Posting Date : 11/11/2011 - Ongoing

Work Locations :

1 Churchill Place, Canary Wharf

London E14 5HP

Salary Benefits Competitive

Description

Overall Job Purpose

The Sanctions Manager will be responsible for day-to-day management of Group economic sanctions and anti-money laundering (AML) matters, and will be more broadly involved in providing substantive advice, guidance and recommendations regarding the Group Sanctions Policy and related processes and procedures, both to Business Units (BUs) and the Group. Representative functions are detailed more fully below:

General Functions

•  To manage day to day Group sanctions and AML matters related to areas of compliance such as Lists and Notices, Breaches, Exceptions, Dispensations Waivers, and Ad-Hoc Projects.

•  To ensure that stakeholders across the Group and BUs are actively engaged in resolving issues and questions in a timely and satisfactory way.

•  To interpret and develop understanding of Group AML Compliance Policies through clear communications with BUs.

•  To identify, escalate upwards, and advise on issues of particular relevance to the Head of Group AML Control, the Group Money Laundering Reporting Officer (GMLRO), and the BUs.

•  To prepare relevant reports for both internal reviewers and regulatory bodies.

•  To liaise with the Head of Group AML Control regarding potential process improvements (both internal to the Group function and regarding BU processes that impact Group AML Compliance).

•  To provide advice and guidance on the implementation of the Group Sanctions Policy, acting as a conduit between the Group, BUs, and relevant regulatory bodies.

Operations Control Specific Functions

Lists and Notices

•  To obtain, disseminate and accurately interpret regulatory notices on behalf of the Group/BUs to ensure compliance with Regulatory Notices Lists.

•  To monitor and control Group BU compliance with new Regulatory Notices and Lists.

•  To liaise with designated contacts in BUs to ensure compliance, escalating to BU Money Laundering Reporting Officers (MLROs), Head of Sanctions and Policy/Head of Group AML Control where necessary.

•  To record and report matches to the regulators ensuring compliance with legal requirements, and making recommendations to BUs regarding the handling of positive matches against Regulatory Lists.

Breaches

•  To manage breach