VP, Sanctions and Screening Program Lead

Job Description

Position Summary:

CFSB is a full-service payments, lending and banking provider that delivers global financial services through a personal approach. CFSB is seeking an experienced sanctions subject matter expert to support the Sanction and Screening Program to ensure adherence to sanctions laws and regulations. Reporting to the Head of Sanctions and Screening Program, this role involves acting as a sanctions subject matter expert while supporting the implementation of sanctions strategies, controls, and standards. The ideal candidate will have extensive experience in sanctions compliance and a strong understanding of OFAC and other relevant sanctions authorities.

Key Responsibilities:

Program Governance & Oversight

Support the Head of Sanctions and Screening Program with the Bank’s sanctions compliance strategy including implementation and maintenance of the program.

Assist with the development and enforcement of sanctions policies and standards to ensure compliance with U.S. and international sanctions regulations, including OFAC, UN, and other relevant authorities.

Provide expert sanctions guidance as a representative of the Sanctions and Screening Program to the CFSB organization and the Bank’s third-party partners and program managers.

Investigate potential sanctions violations and coordinate appropriate actions, including reporting to OFAC, regulators, and implementing remedial measures.

Review and analyze applicable updates to sanctions laws, rules, and regulations promulgated by relevant authorities, including OFAC, to determine material impact to the Bank.

Risk Assessment & Strategic Planning

Support the annual Sanctions risk assessment process in collaboration with risk and compliance partners.

Remediate sanctions control gaps and other critical issues to ensure the Bank’s sanctions screening systems and controls are effective in identifying and managing risks.

Cross-Functional Collaboration

Collaborate with the broader Compliance function and other relevant business units to ensure execution of applicable sanctions regulatory requirements.

Regulatory & Audit Engagement

Support the Head of Sanctions and Screening Program with regulatory, testing, and audit inquiries, ensuring timely and accurate information is provided.

Assist in the filing of applicable regulatory reporting including but not limited to OFAC Block and Reject Reports, Annual Report of Blocked Property, and Unblocked Property Report.

Team Leadership & Culture

Drive a culture of accountability, integrity, and continuous improvement through collaboration and inspiring commitment to the Sanctions and Screening Program priorities.

Knowledge, Skills, and Abilities:

Extensive knowledge of sanctions regulations, including OFAC and other relevant authorities.

Strong analytical, and problem-solving skills, with a keen understanding of risk management and mitigation strategies.

Excellent communication and presentation skills.

Education, Training, and Experience:

Bachelor's degree required, preferred concentration in International Affairs, Economic, or Political Science.

Advanced degree or relevant professional certification (e.g., CAMS, ACSS, etc.) strongly preferred.

8-12 years of overall experience with 6+ years of progressive experience in sanctions compliance.

Proven experience in large, global sanctions compliance functions and complex regulatory environments.

Experience in Retail Banking, FinTech, MSB’s, international payments, and card products preferred.

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.

JD - CFSB - Vp, Sanctions and Screening Program Lead.pdf

Full-time