Sanctions Compliance Manager

Sanctions Compliance Manager, New York, NY (Hybrid)

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Payoneer’s mission is to empower businesses to go beyond – beyond borders, limits and expectations. In today’s digital world, Payoneer enables any business of any size from anywhere to access new economic opportunities by making it possible to transact as easily globally as they do locally.

Payoneer’s digital payments platform streamlines global commerce for millions of small businesses, marketplaces and enterprises from over 200 countries and territories.  Leveraging robust technology, compliance, operations and banking infrastructure, Payoneer delivers a suite of services that includes cross-border payments, working capital, tax solutions and risk management.  Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading brands like Airbnb, Amazon, Google and Upwork, Payoneer makes global commerce easy and secure.

Role Description:

We're looking for a Sanctions Compliance Manager in the 2nd Line of Defense who will oversee and enhance 1st Line of Defense compliance efforts while streamlining automated and manual operations to enhance their effectiveness. 

The Sanctions Compliance Manager will work with the Global Director for Sanctions and Screening to closely oversee Compliance Operations’ Sanctions Screening Team and other 1st Line of Defense operations conducting sanctions screening activities for list-based alerts and potential exposures to comprehensively sanctioned jurisdictions. The Sanctions Compliance Manager would also work directly with Product and R&D (Engineering) teams as well as other Compliance teams focusing on strategy, technology and model governance to enhance the company’s sanctions screening model management program.

This role will be based in our New York, NY office.

What you’ll do:

• Be the driving force for streamlining Compliance Operations’ Sanctions Screening Team and other relevant (Customer Journey) Operations teams involved in 1st and 2nd level sanctions screening activities and provide detailed tactical guidance to meet performance expectations
• Increase the efficiency of 1st Line screening and its quality control and quality assurance efforts across the 1st and 2nd Lines of Defense to optimize our screening program as we scale up our screening activities while entering new markets and meeting new regulatory obligations
• Enhance and elevate the quality and accuracy of key metrics employed to measure the effectiveness of our sanctions compliance program ranging from how effectively our systems work to how well our analysts disposition the different types of sanctions alerts
• Serve as the first point of 2nd Line of Defense escalations for sanctions alert matches and jurisdictional exposure cases
• Enhance the sanctions screening model to enable better consistent testing, fine-tuning and reconfiguring of the many different screening requirements across the global Payoneer enterprise and its suite of products and services and develop the annual NYDFS 504 report
• Be the initial reviewer of sanctions advisory-related queries from business teams across the Payoneer enterprise to strengthen sanctions compliance in a sustainable, risk-based manner
• Respond to sanctions-related RFIs and questions from banking, marketplace, and enterprise partners when they raise questions on sanctions and screening matters and troubleshoot issues with our Banking Operations Team, RFI Team, and other relevant teams fielding such inquiries

What we’re looking for:

• 7+ years of experience, with at least 5+ Years of Sanctions Screening or Sanctions Compliance experience
• Bachelor's Degree
• Understanding of 1st and 2nd Line of Defense roles and responsibilities for conducting screening operations and overseeing them to ensure execution of sanctions policies and regulatory obligations to OFAC, EU, UK, UN, and many other sanctions regimes
• Understanding of and experience with the sanctions alert disposition process and how to effectively manage large screening teams distributed around the world
• Understanding of and experience with sanctions model management and validation including NYDFS 504 reporting
• Understanding of and experience with screening model testing and data analysis to inform new screening project design as well as streamlining existing screening processes
• Ability to work independently with broad guidance, manage multiple priorities, and lead through influence
• Fast learner, with bias for action
• Strong problem solving to drill down to root cause/ deal with ambiguity
• Must be able to effectively communicate across all levels of the organization
• Time management/prioritization, high attention to detail
• Knowledge of Microsoft Office application

 What we offer:

• Outstanding medical, dental, and vision insurance (individual plan 100% covered) HSA and FSA
• 401K with employer match
• Employee Stock Purchase Plan (ESPP)
• Fitness/Wellness reimbursement 
• Generous PTO, paid holidays, and parental leave
• Learning and development opportunities
• Flexible work from home schedule
• Volunteer activities
• Fun office culture with supportive leadership 

Join the Payoneer Family - check out Our Values and apply today!

Payoneer is committed to fostering a diverse and inclusive workplace. Payoneer is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law. If you are interested in applying for employment with Payoneer and need special assistance or an accommodation to use our website or to apply for a position, please email [email protected]. Determinations on requests for reasonable accommodation are made on a case-by-case basis.

In accordance with New York City Law, below is the annual base salary range for this position. Actual annual base salary is based on, but not limited to: experience, education, professional licenses, location and business needs. The position is eligible for health insurance, disability insurance, life insurance, 401k plan, paid-time off, and sick (and where applicable safe) leave. This position is also eligible for a discretionary year-end bonus.

The annual base salary range for this position is: $145,000 - $165,000.

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