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Sanctions Regulatory Risk Manager

Bank of America

Bank of America

London, UK
Posted on Wednesday, January 24, 2024

Job Description:

Job Title: Sanctions Regulatory Risk Manager

Corporate Title: Vice President

Location: London

Company Overview:

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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

You will join a diverse global team with teammates located in the US, EMEA and APAC regions. The focus of work will require you to analyse clients that have exposure or conduct business related to economic sanctions matters, review banking deals, market trades and vendor escalations that have economic sanctions concerns, document escalations in our internal case management tool, interact with and support front line units and various operations teams and participate in client discussions, conduct training and meet with senior leaders on economic sanctions matters. The team is collaborative, highly supportive of one another, hold each other accountable and are eager to learn.

Role Description:

You will be a Sanctions Regulatory Risk Manager for coverage of EMEA. In your role you will have deep sanctions subject matter understanding, proficiency in interpreting and implementing complex and emerging sanctions regulations, and oversight of Front Line Unit (FLU) execution of existing sanctions controls. You will develop and maintain a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities


  • You will manage and interpret sanctions requirements for Financial Crimes Global Standard
  • Assess and interpret impact of United States, United Nations, Europe Union, United Kingdom sanctions and anti-boycott regulatory change
  • Provide overview of all sanctions-related monitoring & testing done by sanctions team and other enterprise teams, and perform thematic reviews
  • Open and/or oversee sanctions-related audit issues - Provide overview of all sanctions-related issues and perform thematic reviews
  • Assess regional operational and risk metrics for input into management level reporting
  • Investigate and disclose potential violations of sanctions or anti-boycott law; respond to sanctions subpoenas
  • Assist Money Laundering Reporting Officers with local regulatory inquiries
  • Perform sanctions and anti-boycott targeted risk assessments
  • Consult with FLU risk managers to develop sanctions specific content in periodic risk assessments
  • Monitor sanctions and anti-boycott penalty assessments for potential vulnerability
  • Benchmark with peer banks on key industry trends

What we are looking for:

  • Demonstrable sanctions related experience
  • Knowledge of financial products (for example - lending, financing, payments, securities trading, and derivative products)
  • Experience working at an Investment Bank/Corporate Banking

Benefits of working at Bank of America:


  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
  • Access to an Employee Assistance Program for confidential support and help for everyday matters
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.