Sanctions Compliance Officer

Bank of the West   •  

Omaha, NE

Industry: Finance & Insurance


5 - 7 years

Posted 58 days ago

This job is no longer available.

At Bank of the West, our people are having a positive impact on the world. We're investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people's lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we're a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.

Job Description Summary

Provides sanctions compliance support and expertise to business units and corporate function partners. Responsible for all activities associated with assigned Sanctions laws and regulations to ensure Bank compliance with those regulations and other legal requirements, and coordinating with Compliance and business leaders to determine any necessary changes to policies, procedures or controls. Assist Sanctions Compliance Advisory and the Head of Sanctions with execution and coordination of the Bank's sanctions compliance program. Responsible for working with business units to ensure implementation of risk based OFAC compliance programs and controls across the Bank.

Essential Job Functions

Act as the subject matter resource on assigned Sanctions related laws and regulations, and internal policies and procedures, keeping abreast of OFAC/Sanctions regulatory developments impacting the Bank. Provides consultation on Sanctions matters to business units and other compliance departments.

Acts as enterprise-wide point-of-contact for all escalations relating to sanctions matters such as: real-time payments; customer account/relationship alerts; escalations; tracking; other sanctions concerns.

Identify training needs and support development of content for business units and compliance departments, especially those of which arise from investigation-related matters. As appropriate, deliver in-person or web-based Sanctions compliance ad-hoc training for various groups.

Manages and updates Sanctions related databases from external and internal sources. Including but not limited to, skills in SharePoint, Excel, and Word, including but not limited to management of information and presentation for reporting to senior compliance leadership.

Assists the Head of Sanctions Advisory and Head of Sanctions Compliance in preparation and ongoing support for regulatory examinations, and reviews by Inspection Generale and Compliance Independent Testing; including participation in remediation efforts.

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

Produces voluntary self-disclosures, OFAC administrative subpoenas, OFAC-related reporting, and ad hoc reviews of sensitive/confidential matters of high priority for review by Head of Sanctions and BNPP colleagues.

Monitor and recommend changes to sanctions compliance policies, standards, and procedures, in close coordination Sanctions Advisory Officer, and Compliance Program team.

Enforce compliance policies and procedures developed by the Head of Sanctions Advisory and Head of Sanctions Compliance.


  • Req Education or Equivalent Experience Bachelor's Degree and minimum 5 years related bank compliance experience at major banking institution or regulatory agency
  • Five to seven years internal audit, compliance, or regulatory experience.

Pref Education or Equivalent Experience

  • Industry certifications such as CAMs certification from ACAMS.


  • Strong knowledge of OFAC Sanctions, Anti-Boycott, and other prominent sanctions programs (e.g. EU, France, UN), Bank Secrecy Act, USA PATRIOT Act, and FFIEC Examinations Manual
  • Exceptional 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.)
  • Strong knowledge of general banking with an understanding of deposit, lending and alternative investment products.
  • Strong knowledge and expertise of Sanctions laws and regulations.
  • Strong interpersonal skills for coordination/liaison functions.
  • Strong presentation skills.
  • Strong writing skills for composition of reports.

Equal Employment Opportunity Policy

Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.