I am looking for Sanctions Manager positions in Hicksville, NY, preferably in the banking industry, with at least 7 years of experience, full-time opportunities, and a salary range between $99,000 and $164,000.

Okay, I've searched for Sanctions Manager roles in Hicksville, NY, within the banking industry, requiring at least 7 years of experience, offering full-time positions, and with a salary range of $99,000 to$ 164,000. I have found 12 positions for you.

Sanctions Manager

Hicksville, NY

Banking

7 years + Experience

$99000+

$164000-

Can you help me to analyze the job description and company culture?

Sure. Here's the analysis:

Job Analysis:

The core purpose of the Sanctions Manager role at Flagstar Bank is to ensure comprehensive compliance with various BSA/AML regulations, particularly in relation to OFAC sanctions. This position entails oversight of a team of Sanctions Analysts tasked with reviewing alerts for potential sanctions matches, which is critical for mitigating risks associated with money laundering and financial crime. The manager will not only coordinate the distribution of reviews and quality control assessments but also play an instrumental role in training and developing the team, thereby driving productivity and performance. Success in this role will hinge on the ability to interpret complex regulations and adapt these into practical policies and procedures that align with the bank's broader compliance framework. Additionally, the challenges may include navigating through potential conflicts, both within the team during escalations and with external auditors or regulators, requiring strong leadership and decision-making skills. The candidate's performance will be assessed based on their ability to maintain a compliant operation while fostering a culture of excellence and continuous improvement within their team, which could manifest through improved audit scores or handled escalations efficiently.

Company Analysis:

Flagstar Bank operates as one of the largest regional banks in the United States, positioned strongly in both the Northeast and Midwest, with aspirations for growth in emerging markets on the Southeast and West Coast. This market standing implies a complex regulatory environment and a pressing need for robust compliance systems like those managed by the Sanctions Manager. Flagstar places a significant emphasis on diversity, inclusion, and a customer-first approach, suggesting that they value employees who not only comply with regulatory frameworks but also embody the bank's core values. The role of Sanctions Manager is not just about regulatory adherence but also about nurturing a strong team that reflects these values. Situated within a larger organizational structure, this position will likely interact with various department heads and senior leadership, granting visibility and influence over compliance strategies. Understandably, the role is strategically aligned with Flagstar's vision of maintaining a safe and secure banking environment, thus being integral to driving growth while managing risk effectively. A candidate must resonate with the company's mission of community service and enhancement, as their contributions directly uphold the bank's reputable standing and operational integrity.

Mock up some interview questions based on the job description.

Absolutely. Here are some mock interview questions that could come up:

Tell me about a time when you had to resolve a conflict within your team – how did you navigate the situation?
Can you describe a challenging OFAC sanctions issue you handled and the steps you took to reach a resolution?
Give an example of a compliance training program you developed. What were its goals and outcomes?
How do you ensure that your team stays up-to-date with the latest regulatory changes in the banking sector?
What methodologies do you use to conduct quality control on reviews and how do you communicate feedback to your team?
How do you approach the implementation of new compliance regulations within an existing framework?
What would you do if you encountered a potential Sanctions match that raised concerns but was not straightforward?
Imagine you receive an unexpected audit from regulators. What steps would you take to prepare your team and the relevant documentation?
Why are you interested in working at Flagstar Bank specifically?
How does your previous experience align with the responsibilities of the Sanctions Manager role at Flagstar?
What do you believe is the most important aspect of compliance in the banking industry today?
What questions do you have for us about the team culture or onboarding process at Flagstar Bank?
How can your background in banking enhance Flagstar's compliance and regulatory strategies in the future?

Job Details

Overview Company

Sanctions Manager

$99k/y-$164k/y

Flagstar Bank

4 days ago

Highlight

OnsiteFull-time7+ yearsSenior

Summary

Flagstar Bank is seeking a Sanctions Manager to join their team in Hicksville, NY. The role involves managing a team to ensure compliance with OFAC Sanctions and other regulatory requirements.

About the Role

As a Sanctions Manager, you will be responsible for driving productivity, quality, and performance of a team of Sanctions Analysts. You will manage the day-to-day operations of the Sanctions team, oversee the distribution of reviews, provide procedural guidance, and assist with remediations and training. You will also review potential Sanctions matches escalated by the team.

About You

Required:

Undergraduate Degree (4 years or equivalent) in Business or related field.
Minimum of seven (7) years of experience in OFAC processing.
Minimum five (5) years of management experience and/or experience leading and directing staff.

Preferred:

ACAMS certification preferred.

Flagstar Bank

Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. Today, Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York. At December 31, 2024, the company had assets of $100.2 billion. We operate 418 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.

Hicksville, NY