Head of Strategy & Development (Sanctions & Embargoes) - Director

Deutsche Bank
  • Location
    New York, New York
  • Sector
    Commercial
  • Experience
    Mid Career / Advanced
  • Posted
    Sep 05

Position description

The Head of Strategy & Development in US oversees the local Sanctions Office and reports directly to the Regional Head of Sanctions & Embargoes for the Americas, located in New York. The Strategy & Development team is responsible for selected long term or ad-hoc projects or tasks related to the enhancement of the Sanctions and Embargoes control frame.

 

It further covers:

  • Quality assurance
  • Audit and exam management
  • Risk assessment
  • Management information reporting

     

Key Responsibilities: 

  • Support the Regional Head as well as the Global Head of Sanctions & Embargoes in protecting Deutsche Bank from legal, regulatory and reputational risk with regard to business involving sanctioned entities and/or countries
  • Closely follow the development of the legal situation around sanctions and embargoes and derive potential need for enhancement of the Bank’s technical and procedural control frame
  • Maintain close interaction with third parties (e.g. within the AFC organization or GTO/GMO)
  • Develop project plans taking into account budget, other resources, milestones and success criteria
  • Responsible for the successful delivery of projects and other change activities by managing scope of deliveries, expectations and ensure clear and concise communication to sponsors, team members and other stakeholders
  • Report and communicate overall project status, outstanding milestones, issues, delivery risks and dependencies
  • Perform sanctions-specific control analyses and develop recommendations based on the results
  • Proactive role with respect to the further development of the Sanctions & Embargoes Office capabilities and the development of enhanced control processes and methods
  • Proactively challenge existing processes and collaborate with key stakeholders to identify areas with room for improvement
  • Track embargo related internal and external audit issues and recommendations and support the closure of these
  • Liaise with the Change & Development Team in Germany to ensure alignment of all change activities
  • Regularly report to the Regional Head of Sanctions in reasonable intervals
  • Reporting any risk relating to the duties and responsibilities described hereunder and any event or incident that is capable of creating or constituting such a risk to the Global Head of Sanctions
  • Responsible for managing and developing the Change & Development team
  • Lead communication of strategy, procedure, and policies across Sanctions and AFC teams in the Americas

Qualifications

For the BAU-Responsibilities:

  • Degree in Politics, International Relations, Law, or related field
  • Ideally prior experience from a U.S. regulatory body or law enforcement agency in the context of Financial Sanctions
  • Experience in connection with OFAC regulations and in Financial Crime
  • Excellent understanding of U.S. Sanctions regulations and solid understanding and experience in applying international Sanctions programs
  • Strong understanding for universal banks, their product spectrum and the specifics of these in relation to Sanctions controls (particular experience in relation to payments/ correspondent banking as well as Trade Finance)
  • Substantial leadership experience in leading, managing and developing diverse international expert teams

For the Transformation Responsibilities:

  • Excellent change agent with experience in managing transformational program and driving a portfolio of change initiatives across various stakeholder groups towards target state
  • Ideally practical and in-depth experience in building supreme Sanctions Operating Models including technical and operational levels
  • Strong analytical and structured thinking with experience in formulating strategic target solutions
  • Strong self-initiative, problem solving oriented, action driven
  • Team-player with ability to navigate in matrix organizations

Application instructions

Please be sure to indicate that you saw this position on Globaljobs.org

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