Sanctions Compliance Officer at TreviPay

The Sanctions Compliance Officer (SCO) is responsible for ensuring the organization’s adherence to relevant sanctions laws and regulations. This role involves supporting the development and implementation of compliance programs, monitoring transactions and activities, and providing guidance to mitigate risks associated with sanctions, economic or trade restrictions. The SCO will work closely with senior members of the Compliance & Financial Intelligence Unit (CFIU) and other departments that have a nexus and/or applicability to sanctions compliance as part of their daily duties. Ownership, integrity and reliability working with various departments to ensure that the organization remains compliant with both domestic and international sanctions regimes.  Depending on the candidate, the SCO may have the opportunity to be involved in broader financial crimes risk responsibilities.  The role will report into a senior member of the CFIU. 

 

Duties and Responsibilities (List in order of time spent.)

o   In conjunction with sanctions resources in our United Arab Emirates location, serve as a key point of contact/escalation with TreviPay business units, operations and technology teams (1st line of defense) on sanctions and applicability of policy and regulatory requirements

o   Assist with the day-to-day execution of the sanctions compliance program across the organization, which may include reviewing and clearing sanctions alerts

o   Assist CFIU leadership with the preparation and timely submission of regulatory reports, as needed and other legal documents and correspondence

o   Serve as a point of contact/escalation for sanctions compliance solutions, including vendor(s) that assist with sanctions compliance screening duties

o   Review laws, regulations, executive orders, OFAC designations and related regulatory announcements for potential impact on the organization

o   Assist with testing and audits of the sanctions compliance program and periodic OFAC and sanctions risk assessments to identify opportunities for enhancement

o   Provide input and guidance on current and future business action plans, new products/services, geographies, projects, or operational requests from other business units

o   Assist with the design and delivery of sanctions compliance training programs for employees and CFIU team

o   Educate team members throughout the organization on the importance of sanctions compliance

o   Other tasks as needed

 

o   Possess strong collaboration, and execution skills with project teams, third-party vendors, contractors, and internal stakeholders. 

o   Detail-oriented and strong documentation skills

o   Strong written and verbal communication skills

o   Ability to work in a dynamic, fast-paced environment while staying highly organized

 

o   Demonstrate ability to understand and apply OFAC and other sanctions regulations and considerations to complex transactions, products and services, new onboardings, and prospect reviews

o   In-depth understanding and knowledge of OFAC’s reporting requirements with the ability to manage the accurate and timely submission of required regulatory reports. 

o   Possess knowledge of relevant regulatory data sources, industry and regulatory compliance matters

o   Prior operational experience with other sanctions interdiction platforms/vendors

 

o   Minimum 4 years of progressive subject matter expertise and/or operational experience in Office of Foreign Assets Control (OFAC) regulations, as well as a strong understanding of global sanctions regimes and trade restrictions

o   Minimum 6 years of progressive experience working in financial crimes compliance at a traditional financial institution or fintech with a global footprint

o   Education (High School Diploma, Associate, Bachelors, Masters)

o   Bachelor’s Degree

o   Certification/Licenses

o   ACAMS Certified Global Sanctions Specialists (CGSS) or Association of Certified Sanctions Specialists (CSS) Certification, or combination of experience and industry certification required

 

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required.