U.S. Bank Economic Sanctions Advisory Manager in CHICAGO, Illinois

This individual will partner with and support Enterprise Financial Crimes Compliance Office of Foreign Asset Control (OFAC)/Economic Sanctions Department, Business Lines, internal and external Legal Counsel as a subject matter expert on Global Economic Sanctions policy, transaction and account decision making for the bank. This position will require significant knowledge of OFAC/Economic Sanctions rules, license interpretation and regulations with the ability to provide consultative expertise to the Global Sanctions Department and internal Business Lines on OFAC/Economic Sanctions related issues.

Essential Duties:

• Expertise and OFAC/Economic Sanctions decision making experience within the financial service industry as it pertains to the review of wires, accounts and new business product requirements

• Primary Enterprise Financial Crimes Compliance point of contact with OFAC, regulatory agencies, audit, AML, internal and external Legal Counsel on Sanctions matters

• Ability to work in collaborative environment with domestic and international business partners to resolve complex Sanctions issues

• Experience in performing investigations, detailed analysis, drafting written reports on OFAC/Economic Sanctions related issues, inquiries, subpoenas and presenting findings to Senior Management and Legal Counsel

• Experience in drafting OFAC block and reject reports

• Maintains oversight of all bank blocked assets and related internal controls

• Maintains oversight of the Sanctions internal watch list, develops unit procedures as needed

• Ability to lead multiple internal projects, complete action items, business requirements and meet tight project and processing deadlines

• Additional assignments as required

• Travel and overtime as required


Basic Qualifications:

• Bachelor's degree or work equivalent experience

• Seven to ten years of experience in an applicable financial services sanctions environment

• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact OFAC/Economic Sanctions

• Excellent written, verbal and senior level presentation skills

• Excellent Microsoft Application Skills

Preferred Skills/Experience:

• Master’s Degree or Law Degree

• CAMS Certification

• Considerable knowledge of business line’s operations, products/services, systems, and associated risks/controls within a bank

• Advanced knowledge of Risk/Compliance/Audit competencies

• Strong leadership and management skills of processes, projects and people

• Strong analytical, problem-solving and negotiation skills Job Risk Management / Fraud Prevention

Job: Risk Management / Fraud Prevention

Primary Location: IL-IL-Chicago

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 170034900

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.