The Head of Strategy & Development in US oversees the local Sanctions Office and reports directly to the Regional Head of Sanctions & Embargoes for the Americas, located in New York.
The Strategy & Development team is responsible for selected long term or ad-hoc projects or tasks related to the enhancement of the Sanctions and Embargoes control frame.
It further covers:
- Quality assurance;
- Audit and exam management;
- Risk assessment, and
- Management information reporting
- Support the Regional Head as well as the Global Head of Sanctions & Embargoes in protecting DB from legal, regulatory and reputational risk with regard to business involving sanctioned entities and/or countries.
- Closely follow the development of the legal situation around sanctions and embargoes and derive potential need for enhancement of the Bank's technical and procedural control frame.
- Maintain close interaction with third parties (e.g. within the AFC organization or GTO/GMO).
- Develop project plans taking into account budget, other resources, milestones and success criteria.
- Responsible for the successful delivery of projects and other change activities by managing scope of deliveries, expectations and ensure clear and concise communication to sponsors, team members and other stakeholders.
- Report and communicate overall project status, outstanding milestones, issues, delivery risks and dependencies.
- Perform sanctions-specific control analyses and develop recommendations based on the results.
- Proactive role with respect to the further development of the Sanctions & Embargoes Office capabilities and the development of enhanced control processes and methods.
- Proactively challenge existing processes and collaborate with key stakeholders to identify areas with room for improvement.
- Track embargo related internal and external audit issues and recommendations and support the closure of these.
- Liaise with the Change & Development Team in Germany to ensure alignment of all change activities
- Regularly report to the Regional Head of Sanctions in reasonable intervals.
- Reporting any risk relating to the duties and responsibilities described hereunder and any event or incident that is capable of creating or constituting such a risk to the Global Head of Sanctions.
- Responsible for managing and developing the Change & Development team.
- Lead communication of strategy, procedure, and policies across Sanctions and AFC teams in the Americas.
You will have:
For the BAU-Responsibilities:
- Degree in Politics, International Relations, Law, or related field
- Ideally prior experience from a U.S. regulatory body or law enforcement agency in the context of Financial Sanctions
- A minimum of 5+ years a relevant experience in connection with OFAC regulations (preferably longer), with 10+ in Financial Crime.
- Excellent understanding of U.S. Sanctions regulations and solid understanding and experience in applying international Sanctions programs
- Strong understanding for universal banks, their product spectrum and the specifics of these in relation to Sanctions controls (particular experience in relation to payments/ correspondent banking as well as Trade Finance)
- Substantial leadership experience in leading, managing and developing diverse international expert teams
For the Transformation responsibilities:
- Excellent change agent with experience in managing transformational program and driving a portfolio of change initiatives across various stakeholder groups towards target state
- Ideally practical and in-depth experience in building supreme Sanctions Operating Models including technical and operational levels
- Strong analytical and structured thinking with experience in formulating strategic target solutions
- Strong self-initiative, problem solving oriented, action driven
- Team-player with ability to navigate in matrix organizations