Senior Compliance Analyst, Sanctions Advisory

Company: Tbwa Chiat/Day Inc
Location: San Jose
Posted on: November 1, 2024

Job Description:

Senior Compliance Analyst, Sanctions AdvisorySan Jose, California, United StatesWho We AreAt OKX, we believe that the future will be reshaped by Crypto, ultimately contributing to every individual's freedom. OKX began as a crypto exchange giving millions of people access to crypto trading and over time becoming among the largest platforms in the world. In recent years, we have developed one of the most connected Web3 wallets used by millions to access decentralized crypto applications (dApps). OKX is a trusted brand by hundreds of large institutions seeking access to crypto markets on a reliable platform that seamlessly connects with global banking and payments. In the last year, OKX has expanded into new markets including Australia, Brazil, Netherlands, Singapore and Turkey, with plans to launch in the US, Belgium and the UAE.We are deeply committed to shaping a fairer, more transparent and accessible society through blockchain technology. This is why we publish proof of reserves monthly, and continue to ship new innovative security features.About the OpportunityThe Sanctions Advisory team is a key part of our global compliance framework, ensuring that our business adheres to complex and evolving sanctions regulations across multiple jurisdictions. We are responsible for staying ahead of regulatory developments, providing critical decision-making support on escalated alerts, and offering advisory services to various departments within the company. Our team collaborates closely with other compliance functions, legal, engineering, and business units to implement effective sanctions controls and mitigate risks. We foster a collaborative, knowledge-sharing environment where each team member plays a vital role in strengthening the organization's sanctions compliance capabilities.What You'll Be Doing

• Sanctions Monitoring & Review: Keeping up-to-date with OFAC, UN, EU, and other global sanctions developments and advising on the impact on internal policies, procedures, and standards.
• Level 2 Escalation & Decision-Making: Providing expert-level analysis and making decisions on sanctions alerts escalated from Level 1 teams, including those flagged by blockchain analytics and name screening tools.
• Advisory Services: Acting as a subject matter expert by offering guidance to various business units and functional teams on complex sanctions compliance matters.
• Reporting: Preparing and submitting required filings to regulatory authorities.
• Training & Awareness: Developing and delivering training programs to sanctions operations teams and other stakeholders on sanctions regulations and updates.
• Policy & Procedure Development: Assisting in drafting, updating, and maintaining sanctions-related policies and procedures to ensure alignment with regulatory requirements.
• Investigations: Leading or supporting investigations into potential sanctions issues and escalating to senior management or relevant authorities as needed.
• Cross-Functional Collaboration: Working closely with other departments such as legal, risk, and operations to ensure that sanctions compliance controls are consistently implemented.
• Continuous Improvement: Identifying and implementing process improvements for sanctions compliance, including enhancements to screening tools and alert management.What We Look For in You:
• Strong experience in sanctions compliance within banking, fintech, or other financial services.
• Deep knowledge of OFAC regulations, with some experience working with international sanctions (EU, UN, HMT, etc.).
• Experience in managing escalated sanctions alerts using screening tools and blockchain analytics tools.
• Strong analytical and decision-making skills, especially in a high-pressure environment.
• Excellent communication skills (written and verbal), with a proven ability to train and collaborate with cross-functional teams.
• Bachelor's degree in Law, Finance, Compliance, or a related field (or equivalent experience).
• Ability to translate complex sanctions regulations into actionable steps and ensure compliance with regulatory requirements.Nice to Have:
• Familiarity with blockchain and crypto-related sanctions compliance.
• Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CGSS (Certified Global Sanctions Specialist).
• Prior experience with sanctions risk assessments and reporting within international financial institutions.
• Experience in developing or enhancing sanctions screening tools or automation processes.
• Demonstrated ability to work independently and lead investigations or projects.Compensation and Benefits:The salary range for this position is $100,000 to $152,000. The salary offered depends on a variety of factors, including job-related knowledge, skills, experience, and market location. In addition to the salary, a performance bonus and long-term incentives may be provided as part of the compensation package, as well as a full range of medical, financial, and/or other benefits, dependent on the position offered.OKX Statement:OKX is committed to equal employment opportunities regardless of race, color, genetic information, creed, religion, sex, sexual orientation, gender identity, lawful alien status, national origin, age, marital status, and non-job related physical or mental disability, or protected veteran status. Pursuant to the San Francisco Fair Chance Ordinance, we will consider employment-qualified applicants with arrest and conviction records.Apply for this job* indicates a required field
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Keywords: Tbwa Chiat/Day Inc, Sacramento , Senior Compliance Analyst, Sanctions Advisory, Accounting, Auditing , San Jose, California