If you're looking for a career where you can make a real impression, join our Global Service Center (GSC)- HSBC and discover how valued you'll be.We are currently seeking an experienced professional to join our team in the role ofSanctions Compliance OfficerRole purpose:The role holder will provide Office of Foreign Assets Control (OFAC) compliance support to the most complex areas/products in specialized businesses within HSBC United States (HBUS).Main activities:Assists in assessment of potential breaches or violations of U.S. economic sanctions and trade restrictions.Identifies OFAC sanctions risks and provides guidance to HSBC Bank USA, N.A. (HBUS) business lines & HSBC Group Affiliates on outstanding matters/transactions.Assists in the development, administration, and implementation of the HBUS OFAC compliance program.Maintains awareness of regulatory changes relating to OFAC affecting assigned business(es); ensures appropriate communication and development of appropriate policy/procedure changes to remain compliant.Reviews and analyzes compliance monitoring reports and other related source documents for suspicious/unusual patterns of activity, providing appropriate response and follow-up on areas requiring attention. When applicable, follow-up with responsible area for explanations and discussions for appropriate action.Identifies and reports all significant regulatory compliance breaches or gaps to senior management.Collaborates with senior management and relevant internal parties to ensure development and implementation of solutions to prevent future occurrence.Co-owns Sanctions Risk Events SharePoint, which includes granting user access, completing change requests, and making enhancements to the functionality and interface of the SharePoint.Provides support in implementing bank initiatives and transformation projects into the sanctions compliance program.Performs gap analysis of local policies and procedures to maintain alignment to the Global standards and emerging regulations and works with procedure owners to address gaps.Conducts a weekly review of team trackers to ensure all entries are input accurately with all required rationale and information.#J-18808-Ljbffr
