Sanctions Qa Testing Officer - Avp

The Americas Legal and Compliance Department (ALCD) which is part of Mizuho Americas Services LLC (MAS) manages legal and compliance risk in the United States for Mizuho Americas LLC (the U.S. bank holding company for Mizuho Financial Group) and its U.S. subsidiaries, Mizuho Bank (USA) and Mizuho Securities USA LLC and also provides legal and compliance support services to Mizuho Americas LLC. ALCD is divided broadly into two main functions: the Legal function, which manages legal risk, and the Compliance function, which manages compliance and regulatory risk.

Summary

Sanctions QA Testing Officer will report directly to the Mizuho Americas' Sanctions Department and will work to strengthen the bank's OFAC/Sanctions program through effective oversight, testing, and documentation of the bank's sanctions operations.

Principal Duties and Responsibilities

• Develop and implement a robust sanctions Quality Assurance (QA) program that covers sanctions operations, technology, and compliance risks. Create testing strategies, perform testing, and document testing results.
• Draft reports, and manage and track observations. Discuss observations and action plans with relevant business areas.
• Provide and present final reports to senior management and Compliance Committee, as applicable
• Ensure regulatory compliance for the US sanctions screening solutions
• Utilize knowledge of Sanctions technology and conduct implementation and optimization of screening systems (i.e. Fircosoft)
• Manage end-to-end implementation of various projects to meet with transactional and static data filtering needs
• Develop lessons learned training based on the test results and implement such training
• Develop and report on key sanctions related KRI/MIS

Qualifications

• BA/BS/JD Degree;
• 3-5 years' experience working within sanctions compliance/operations functions of a bank;
• Experience with audit, testing, or QA;
• Strong knowledge of banking and securities products and services
• In-depth understanding and working knowledge of OFAC sanctions regulations and compliance requirements and standards that impact the sanctions risk for a global financial services firm including transaction screening, KYC/client risk rating, securities screening, and risk assessments.
• Strong organizational skills to identify, analyze, document and report issues.
• Must possess strong:
  • Written and verbal communication skills, including report writing
  • Understanding of corporate governance and the OFAC regulatory environment
• Ability to:
  • Manage multiple projects and meet timely deadlines
  • Draft reports outlining testing strategies, objectives, scope, findings, and recommendations
  • Work closely with multiple departments to complete projects and tasks