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Director, GCIB Sanctions Management Team, Singapore

Singapore, , Singapore

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description

Global Corporate & Investment Banking (GCIB) has a global footprint. As part of its business model, GCIB ensures that it conducts economic sanctions due diligence and adequate reviews are conducted for appropriate mitigation to be applied, when required. There are additional commitments that GCIB is required to adhere to as part of the wider economic sanctions program requirements. To strategically govern and execute its Economic Sanctions program, GCIB is establishing a team that will be responsible for the program. As part of this team, the individual is expected to be an expert in global economic sanctions domain and should have a good understanding of GCIB business. Having a deep understanding of the region-specific regulatory expectations is also desirable. The individuals on this team will be responsible for execution and governance of the program, review due diligence conducted by the bankers as per requirements, provide their expertise in complex and/or time-sensitive deals, execute requirements for assessments and attestations when needed, oversee adherence to new regulatory changes in this space and support GCIB’s exam and issue management commitments for economic sanctions or related topics.

Key responsibilities include but are not limited to:

  • Review due diligence for clients that have exposure to economic sanctions
  • Consult with deal teams when required for sanctions related assessments of deals
  • Ensure GCIB is compliant with the Sanctions program by executing other requirements for the business such as screening assessments, new sanctions requirement implementations, etc.
  • Involvement in ad hoc projects for new internal processes, regulatory or industry initiatives
  • Point of contact for bankers and senior GCIB management when matters require attention
  • Manage and balance global priorities with regional priorities
  • Oversee performance of key sanctions controls in this domain and their metrics
  • Monitors the changes in regulations applicable to GCIB, reviews with risk partners and updates business leaders on those changes, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements
  • Oversee and engage in FLU level enhancements driven from current and future projects in Economic Sanctions program
  • Where required, participates in industry forums and monitors regulatory expectations, emerging legislation and regulation in the sanctions subject area to identify and mitigate emerging risks

Key Requirements:

  • Experience in similar role (preferred)
  • Proven experience in sanctions domain, strategic risk program governance and change management
  • Strong leadership qualities and result driven approach
  • Ability to operate independently and collaborate across wide span of stakeholders including bankers, senior management, risk partners and regulators/ auditors
  • Understanding of GCIB business and products
  • Control focused mindset and good understanding of regulatory and reputational risks
  • Excellent communications skills and ability to present to an audience
  • Independent and ability to multi-task and meet multiple timelines
  • Ability to work under pressure in a team environment
  • Self-motivated, driven and dedicated with desire to excel consistently

Learn more about this role

Full time


Manages People:

Street Address

Primary Location:
50 COLLYER QUAY, Singapore, 049321