Financial Crime Risk - Sanctions Manager
Key responsibilities of the Global Sanctions function include management and maintenance of Macquarie’s global sanctions framework (including policies, procedures, guidance and risk appetite), assurance and testing of FCR owned sanctions controls, oversight of sanctions screening controls (name and payment screening) and providing sanctions advice on clients, transactions and the impact of new sanctions.
The scope of the role is broad and covers aspects of governance, advisory, solutions, monitoring & assurance and training. More specifically, the role will include:
- Day to day advisory on name and payment screening and other sanctions escalations from business, operations groups and Financial Crime Risk colleagues
- Supporting on periodic review of sanctions policies, procedures and guidance documents
- Conducting periodic testing and assurance reviews of sanctions related controls to ensure these are operating effectively and in line with both regulatory and policy requirements
- Reviewing daily or other regular sanctions compliance monitoring reports and initiating relevant follow up action or investigation (including for example in relation to sanctioned securities; physical commodity trades)
- Assisting in developing and rolling out sanctions training, including on-line and face to face training
- Assisting with the development of sanctions related metrics and input to regular reporting to senior management
- Maintaining the global sanctions intranet and SharePoint sites, including for example FAQs, sanctioned country overviews
- Administration and record keeping for the Financial Crime Risk Heads Sanctions & Sanctions Working Group meetings
- Involvement in projects aimed at ensuring Macquarie’s sanctions related controls across the group reflect regulatory expectations, industry best practice and technology solutions
The role will provide the opportunity to:
- Be part of a small but dynamic and influential global sanctions team
- Contribute to the evolution of Macquarie’s financial crime controls
- Take a leading role in testing and assurance initiatives aimed at ensuring effectiveness of sanctions controls
- Engage with stakeholders across all regions and business lines
- Apply sanctions knowledge across varied business activities and transactions
The role will require someone with:
- Preferably Degree Qualified
- With a minimum of 3 years’ experience in economic sanctions compliance working in an equivalent financial services institution.
- Strong OFAC, EU & UK sanctions knowledge. Knowledge of other programs would also be a benefit
- Knowledge of investment banking products and services would be an advantage
- Experience in conducting testing and assurance reviews would be an advantage
- Risk oriented thinking considering the broader impact of decisions
- Strong written and verbal communication skills
- Ability to collaborate with stakeholders at all levels across multiple divisions and regions
- Demonstrates drive and commitment and is solutions focussed
- Ability to execute independently and work with team members
- Strong organisational skills with the ability to manage competing priorities and work through significant challenges to achieve objectives
About the Risk Management Group
The Risk Management Group (RMG) is an independent, centralised unit responsible for ensuring all risk across Macquarie are appropriately assessed and managed. Its divisions include Behavioural Risk, Compliance, Credit, Financial Crime Risk, Internal Audit, Market Risk, Operational Risk, Regulatory Affairs and Aggregate Risk, and RMG Enterprise Support.
Our commitment to Diversity and Inclusion
The diversity of our people is one of our greatest strengths, and an inclusive workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders, and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of ‘empowering people to innovate and invest for a better future’, we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.
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