Career in Sanctions
If anyone wants proof that economic sanctions and export controls offer broad and well-paying job opportunities, they should look at indeed, Career Builder, Monster, LinkedIn and other job and career sites on the Internet.
In the United States alone, compliance with regulations of the Treasury Department’s Office of Foreign Assets Control (OFAC) and Commerce Department’s Bureau of Industry and Security (BIS) regulations is getting growing attention from corporate and financial institution human resources offices looking to fill new or expand present positions.
The job titles that are most often seen include:
- US Head of Sanctions;
- Manager, Compliance & Risk; Sanctions Compliance;
- Sanctions Analyst;
- Senior Auditor, Sanctions Compliance;
- OFAC Sanctions Specialist;
- Sanctions Consultant;
- Sanctions Officer;
- Director, Program Management (AML/Trade Sanctions);
- AML Analyst III – Sanctions.
The booming field of sanctions and trade control compliance is growing because of increased enforcement by the federal agencies, the rise in the number of money penalties imposed by OFAC, the filing by the US Justice Department of criminal cases involving OFAC violations and the beginning of legal actions by the states against financial institutions for violation of federal sanctions laws, as has occurred in New York.