International / OFAC Manager

International/OFAC Manager
The International/OFAC Manager will oversee the OFAC compliance methodology, including analyzing and making recommendations on OFAC software and programs across the business units; file, approve and review Suspicious Activity Reports (SAR). In addition, the individual will manage the investigations staff.
Position Responsibilities:

• Management of staff assigned to compliance with the OFAC regulations including compliance with non-U.S. sanction country specific lists (ex-European Union, United Kingdom, and United Nations), CTF, Section 311 -- Special Measures and Section 312 -- Special Due Diligence for Correspondent Accounts and Private Banking Accounts including Politically Exposed Persons (PEP).
• Monitor and track emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
• Maintain knowledge of end-to-end processes and internal / external partners and regulatory requirements.
• Manage the daily review of international wire, ACH, letters of credit and foreign exchange transactions that alert due to OFAC-SDN name match and/or U.S. sanctioned foreign country match including non-U.S. sanction country specific lists (ex-European Union, United Kingdom, and United Nations).
• File SAR's and manage OFAC compliance team SAR reviews. Reviewing all parties of the transaction determining if the transaction is suspicious and/or unusual for our customer.
• Research and implement policy and procedure changes necessary for Comerica to remain in full compliance with the regulatory expectations and industry best practices.
• Provide guidance on sanctions, CTF, and international risk related issues to internal stakeholders, including compliance, legal and business team.
• Maintain records of frozen/blocked assets and the annual regulatory reporting thereof.
• Primary business liaison for OFAC and PEP inquiries across the corporation.
• Assist the AML Risk Manager in maintaining Comerica's AML Risk Assessment which continuously evaluates customer, product/services, business unit and geographical risks