Director, Economic and Trade Sanctions, Export Controls Practice

Director, Economic And Trade Sanctions, Export Controls Practice

The Director, Economic And Trade Sanctions, Export Controls Practice will support the Senior Director, AML Practice, Export Controls And Economic And Trade Sanctions in designing an innovative and effective Economic And Trade Sanctions compliance program and will develop and maintain related policies and procedures. Primary responsibilities will include maintaining an effective, practical, and sustainable compliance program that complies with the USA PATRIOT Act, Office of Foreign Assets Control (OFAC) and other applicable international export controls and economic and trade sanctions regulations; identifying emerging compliance issues and recommend measures to mitigate risk exposure; maintaining, and promoting compliance across domestic and international business operations by performing risk assessments, as well as quality assurance reviews; and provide periodic reporting to the Senior Director, AML Practice, Export Controls And Economic And Trade Sanctions.

Responsibilities :

• Oversee and maintain Global Economic And Trade Sanctions and Export Controls Programs in line with domestic and international requirements, expectations, and guidance; as well as relevant industry best practices.
• Provide oversight and guidance relating to the execution of key Trade compliance functions, and training.
• Oversee Economic And Trade Sanctions and Export Controls compliance initiatives - including evaluating and driving compliance behaviors across domestic and international jurisdictions.
• Evaluate and monitor the Economic And Trade Sanctions and Export Controls risks associated with a complex portfolio of clients and products across domestic and international business operations and design and recommend appropriate policies, procedures, and controls to mitigate risk exposure.
• Assess and support new product developments and initiatives while ensuring sustained compliance with Economic And Trade Sanctions and Export Controls requirements.
• In coordination with the Senior Director, AML Practice, Export Controls And Economic And Trade Sanctions, act as a liaison with regulators regarding sanctions matters.
• In coordination with the Senior Director, AML Practice, Export Controls And Economic And Trade Sanctions, act as the point of contact for internal (audit) and external program reviews, assessments, and examinations.
• Oversee the timely and proper remediation of audit findings, if any.
• In coordination with the Senior Director, AML Practice, Export Controls And Economic And Trade Sanctions, prepare periodic reports for the audit committee of the board of directors and senior management around economic and trade sanctions and export controls program compliance.
• Identify and track necessary KPIs to support tactical and strategic initiatives.
• Monitor relevant export controls and economic and trade sanctions compliance developments, maintain advanced knowledge of new and amended laws and regulations impacting the business, and ensure the compliance program incorporates evolving requirements and expectations in collaboration with the Senior Director, AML Practice, Export Controls And Economic And Trade Sanctions.
• Manage effective communication and training across all levels of the organization to support a strong economic and trade sanctions and export controls compliance culture across domestic and international operations.
• Understand and participate in other compliance and enterprise initiatives that may impact and / or benefit the success of the financial crimes compliance program.
• In cooperation with the financial crimes compliance operation teams, drive the development and implementation of new and modified processes - including systems and technology enhancements - to maintain compliance with financial crimes compliance initiatives, including trade sanctions / export controls requirements.
• Enhance and oversee financial crimes compliance testing and quality assurance functions (domestic and international).

Qualifications Required :