Head of Strategy & Development (Sanctions & Embargoes) - Director in New York, NY

$150K - $200K(Ladders Estimates)

Deutsche Bank   •  

New York, NY 10001

Industry: Finance & Insurance

  •  

5 - 7 years

Posted 47 days ago

Overview

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

Key Responsibilities:

  • 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


Valid Through: 2019-9-27