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Job Description:

We are seeking a strong, experienced sanctions compliance program leader to be part of our growing Enterprise Financial Crime Compliance team. This is a fantastic opportunity to apply your leadership and compliance expertise in a dynamic environment to lead and evolve our global sanctions compliance program.

The Director, Enterprise Financial Crime Compliance, Sanctions (“Sanctions Director”) is a new role to support the continued evolution and growing mandate of Sun Life’s Enterprise Financial Crime Compliance (EFCC) programs, including the AML/ATF, Sanctions, and ABC programs. The Sanctions Director reports to the Chief AML Officer (CAMLO) and supports the mandate of the CAMLO through strong program governance, compliance effectiveness and efficiency.

What will you do:

• establish enterprise policies and standards to manage and mitigate sanctions risks and protect Sun Life,
• foster awareness of sanctions regulatory and program requirements,
• oversee key aspects of the compliance program including risk and control assessments, and monitoring program effectiveness, and,
• as a key technical advisor, provide subject matter expertise, guidance, and advice on risks and effective control strategies.

More specifically, the Sanctions Director will:

• Act as a subject matter expert and advisor on economic sanctions applicable to Sun Life, including Canadian, US, and APAC regions,
• Maintain ongoing knowledge of international sanctions developments and their applicability to sanctions through ongoing scanning, industry forums and connections to benchmark and inform Sun Life's program,
• Provide analysis of global sanctions developments and how they impact Sun Life at the enterprise and local level,
• Develop and maintain the Enterprise Sanctions Compliance Roadmap, leveraging technology, data and analytics,
• Utilize the Compliance Risk Management Framework to manage and maintain the sanctions program across the enterprise,
• Maintain enterprise level governance documents, and assess and review sanctions policies and procedures developed by local business areas across the enterprise,
• Maintain enterprise sanction related mandatory employee training and establish enterprise strategies for promoting awareness of sanctions requirements and risks applicable to Sun Life,
• Support the enterprise sanction inherent risk assessment process through maintaining effective methodology, working with local AML Compliance to support the process and review/challenge local results from the business and aggregate results at the enterprise level,
• Manage compliance oversight activities, including monitoring adherence to company standards, tracking and reporting on key performance and risk indicators, and completing regular compliance reporting on sanction program developments, effectiveness and issues.
• Appropriately assess risk when decisions are made, demonstrating consideration for Sun Life’s reputation and safeguarding Clients and assets,
• Act as a trusted adviser to local Compliance teams and the business, providing guidance and advice on complex sanction issues, including cases dealing with regulatory conflict, to guide solution recommendations and mitigate compliance risk,
• Work collaboratively with key internal stakeholders, including the business, Risk Management, Compliance, and Legal when providing guidance and advice.
• Provide sanctions and compliance risk management expertise in support of the broader team (EFCC) priorities and initiatives, including technology solutions, training programs, risk assessment methodology, oversight and monitoring activities, and compliance reporting.

What do you need to succeed:

• University degree with 10+ years of experience or an equivalent combination of education and experience in a compliance, legal or other control-related function in financial services
• ACAMS certifications are an asset: Certified Anti-Money Laundering Specialist (CAMS) / Global Certified Sanctions Specialist.
• Expert sanctions subject matter expertise and Sanctions Advisory experience is a must, with in-depth and practical understanding of global governing sanctions legislation and related regulations, risk typologies, operational implications, and risk management strategies,
• Expert knowledge of financial crime risk management industry leading practices and regulator expectations,
• Strong continuous learning mindset to broaden knowledge and share knowledge of areas of expertise with Compliance team members and internal stakeholders,
• Direct experience building and maintaining a multi-jurisdictional sanctions compliance program, including drafting policies and protocols, creating training content, and building oversight and monitoring processes,
• Strong process enhancement experience, with proven ability to develop and enhance automated processes for improved results and efficiency,
• Strong complex problem-solving skills in an environment of diverse businesses, operational processes, technologies, and regulatory regimes, with demonstrated ability to make appropriate and effective decisions; focused on attention to detail and accuracy,
• Strong negotiation and influencing skills with the ability to produce good outcomes,
• Must be extremely comfortable handling escalations and working within a high risk, fast-paced environment,
• Excellent presentation, written and verbal communication skills with ability to effectively communicate to varied internal stakeholders,
• Excellent interpersonal skills with the ability to work collaboratively and with people at all levels of the organization,
• Demonstrated ability to work independently and in a team environment and across multiple jurisdictions, time zones and business areas,
• Must be a self-starter with an innovative and strategic mindset and demonstrated ability to establish effective action plans and drive execution,
• Advanced ability to analyze data to derive actionable insights, and to communicate insights using data visualization methods, and
• Demonstrated technical proficiency with sanction detection/monitoring tools and proficient in MS Office applications (Excel, Word, PowerPoint).

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range:

105,000/105 000 - 175,000/175 000

Job Category:

Compliance

Posting End Date:

19/11/2023