Head of US Sanctions

Senior Sanctions Compliance ManagerShape regulatory strategy, technology, and risk management across the Bank. Lead a high-impact global sanctions program at a senior strategic level.Job DescriptionKey ResponsibilitiesOwn the development, execution, and ongoing advancement of the Bank's global sanctions compliance framework.Ensure the program meets applicable OFAC requirements, expectations of U.S. regulators-including the Federal Reserve, OCC, and NYDFS-and relevant international sanctions standards.Establish, maintain, and periodically refresh sanctions policies, procedures, governance structures, and controls.2. USD Clearing & Correspondent Banking RiskProvide oversight of sanctions exposure arising from USD clearing, nostro/vostro accounts, and related payment activity.Serve as a senior subject-matter expert on correspondent banking risks, including nested and indirect banking arrangements.Ensure effective safeguards are in place for international payments, cover payment activity, and applicable trade finance transactions.3. Screening Operations & ControlsDirect the full sanctions screening lifecycle across payments, customers, and trade-related activity.Oversee alert review, case escalation, investigations, and sanctions decisioning processes.Lead efforts to improve screening platforms, tuning methodologies, screening parameters, and data integrity while reducing unnecessary alerts without compromising compliance obligations.4. Strategic Advisory & Sanctions RiskProvide senior-level sanctions guidance to business lines, executive leadership, and teams evaluating new products or services.Assess sanctions exposure associated with new customers, products, markets, jurisdictions, and transaction types.Advise stakeholders on complex matters involving potential sanctions matches, licensing questions, regulatory requirements, and interpretation of applicable sanctions regimes.5. Regulatory Relations & Program GovernanceServe as a senior sanctions representative and primary contact for regulatory authorities on sanctions-related matters.Lead the Bank's response to sanctions examinations, regulatory requests, audits, findings, and remediation initiatives.Develop executive-level reporting and communicate significant sanctions risks, trends, and performance indicators to senior governance bodies, including Board-level risk committees.6. Investigations, Breaches & RemediationDirect investigations involving suspected sanctions violations, potential matches, control deficiencies, and sanctions-related incidents across payments, trade finance, and customer activity.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.The Successful ApplicantEnsure sanctions decisions are timely, well-supported, and appropriately documented, including determinations involving true matches, false positives, and escalated cases.Oversee the identification, escalation, investigation, and remediation of potential sanctions breaches, including root-cause assessments and corrective action plans.Maintain appropriate processes for OFAC reporting obligations, including: Blocked property reports and associated initial and annual filing requirements.Rejected transaction reports.Complete supporting records and audit trails for sanctions-related decisions.Lead the assessment, preparation, review, and submission of Voluntary Self-Disclosures to OFAC, including: Evaluating potential regulatory impact and materiality.Coordinating cross-functional investigations involving Legal, Compliance, and business stakeholders.Ensuring submissions are accurate, comprehensive, and completed within required timelines.Serve as the senior escalation resource for complex sanctions matters, including activity involving sanctioned jurisdictions, ownership considerations under the OFAC 50 Percent Rule, and potential evasion or circumvention schemes.Partner with Legal, Internal Audit, executive leadership, and relevant governance bodies to manage sanctions incidents and ensure appropriate internal and regulatory reporting.Lead post-incident reviews and lessons-learned initiatives, translating findings into strengthened controls and preventative measures.7. Leadership & Talent DevelopmentBuild and lead a high-performing sanctions organization spanning operational, advisory, and governance functions.Promote a strong culture of compliance, accountability, and continuous learning.Establish performance expectations, develop talent, and ensure resources are appropriately aligned with business and regulatory priorities.8. Technology, Analytics & Program TransformationCollaborate with technology and data teams to enhance sanctions screening platforms, monitoring capabilities, and supporting infrastructure.Champion automation, advanced analytics, and process optimization to improve effectiveness and operational efficiency.Ensure sanctions technology and controls remain consistent with regulatory expectations, evolving risks, and industry standards.Qualifications & ExperienceEducationBachelor's degree required; advanced education such as a JD, MBA, or relevant master's degree is preferred.Professional credentials such as CAMS or CGSS are strongly preferred.Professional Experience10-15 years of experience in financial crime compliance, with substantial expertise in sanctions.Extensive background in USD clearing, correspondent banking, international payments, or related payment infrastructure.Demonstrated success leading sanctions programs within U.S.-regulated financial institutions.Direct experience engaging with U.S. regulatory authorities, including OFAC, the Federal Reserve, and/or NYDFS.What's on OfferCompetitive salary ranging from $180,000 to $220,000.Permanent role with opportunities for career growth.Located in the heart of New York.Interested? Submit your application today.