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Specialist-Economic Sanctions Counsel

Date: Apr 16, 2019

Location: White Plains, NY, US, 10606

Company: Bunge

Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed; produces edible oil products for consumers and commercial customers in the food processing, industrial and artisanal bakery, confectionery, human nutrition and food service categories; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.

Position Summary:

The Economic Sanctions Compliance Specialist will be responsible for providing compliance support regarding economic regulations relevant to the operations and regulations of Bunge’s global business. This position is based in White Plains, NY and will report to the Assistant General Counsel, Head of Global Sanctions Compliance, KYC and Customer Information, Bunge Limited. In this role, you will provide decision making and/or appropriate advice to the business regarding complex sanctions issues and ‘grey areas’ where there is no clear legal violation but nevertheless associated sanctions, money-laundering, corruption, or reputational risk.  Make procedures, documents and tools more clear, more targeted and effective so that compliance risk is well identified. 

 

Core Functions:

  • Provide guidance to the business regarding issues arising as a result of OFAC sanctions program changes.
  • Partnering with Assistant General Counsel, Global Sanctions with discussions with financial institutions regarding Bunge’s sanctions and KYC policies and procedures. Assist in negotiating sanctions related clauses with various counterparties.
  • Provide issue specific advice on various sanctions and KYC to the business.
  • Review and revision of contract documents and declaration regarding sanctions and assisting in negotiations relating thereto.
  • Partnering with Assistant General Counsel, Global Sanctions, with the development and maintenance of Know Your Customer (KYC) procedures.   Provide updates to Bunge economic sanctions guidance policies, and memoranda to local counsel.
  • Manage to Bunge economic sanctions and export controls training documents and related updates to the Bunge portal, and with conducting training.
  • Manage relevant Bunge personnel regarding recent changes to Department of the Treasury, Office of Foreign Assets Control (OFAC) and Department of Commerce, Bureau of Industry and Security (BIS) sanctions and controls.  Research & monitoring regarding potential bills in Congress relating to sanctions and provide advice to the business relating to developments.
  • Prepare and/or assist in preparation of OFAC and/or BIS licenses applications, reports or notifications as required.
  • Partnering Assistant General Counsel, Global Sanctions regarding anti money-laundering guidance and training documents, updates and due diligence as required.  Strategize regarding IT developments efforts to improve the sanctions compliance program and KYC.  Research regarding non-U.S. local sanctions and laws relating to sanctions.

  • Handle sanctions/AML aspects of financial institution information KYC requests for information on Bunge entities. Provide advice to the business on handling and reporting of boycott requests.

  • Partner Assistant General Counsel, Global Sanctions, in developing checklists for compliance related procedures and screening requirements.

 

Skills/Experience Requirements:

  • The Economic Sanctions Compliance Specialist will be a qualified sanctions professional with 5+ years of experience in regulatory compliance, with the majority of such experience in a compliance-focused role specifically relevant to economic sanctions, export controls, anti-boycott, and OFAC regulations. 
  • Experience working for OFAC is a positive, J.D. preferred but not required.
  • The Economic Sanctions Compliance Specialist will be an accessible, responsive compliance professional with superior written and oral communications skills and a strong commitment to teamwork.  S/he should also have the ability to analyze issues with a view to providing clear and concise guidance.

 

 

Bunge is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, citizenship, age, disability or military or veteran status, or any other legally protected status.  Bunge is an Equal Opportunity Employer. Minorities/Women/Veterans/Disabled


Nearest Major Market: White Plains
Nearest Secondary Market: New York City

Job Segment: Agricultural, Law, Nutrition, Agribusiness, Agriculture, Legal, Research, Healthcare

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