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Compliance Sanctions Sr Officer - Emerging Payments

Company: Citi
Location: Dunedin
Posted on: January 13, 2022

Job Description:

Serves as a senior compliance risk officer for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, procedures, processes related to monitoring and fostering awareness of sanctions regulatory requirements that Citi must comply with; assessing related sanctions risk exposure, overseeing the quality of sanctions control processes and setting global standards to manage and mitigate those sanctions risks and protect the franchise. In addition, provides support for the collation of potential breaches of sanctions from across the firm and work with contacts in the Business and Compliance to ensure consistent and effective application and implementation of, and controls to evidence adherence to, relevant sanctions related global standards, policies and procedures.Responsibilities:

  • Providing input on new business initiatives, new products, and advise on complex transactions. -
  • Assess digital products business strategy, new/changed products, business acquisitions, and client related impact with respect to applicability of the Global Sanctions Policy.
  • Provide advice to lines of business and serve as Sanctions subject matter expert for overseeing the bank 's strategic risk-taking activities related to instant payments and digital products and clients and providing for the development and integration of sanctions process solutions.
  • Provide guidance for sanctions compliance requirements applicable to emerging instant payments and digital products and services.
  • Demonstrated ability to assess complex issues through root cause analysis (data analytics) and other analytical techniques, strong decision-making skills, and the ability to structure and communicate potential solutions
  • Executing and implementing firm-wide sanctions risk management policy as well as the strategic ICRM direction; maintaining the AML compliance program for the businesses (assessment of risks, development of policies, procedures, governance).
  • Designing and maintaining elements of the ICRM Sanctions Framework; Advising and overseeing adherence to procedures and processes for compliance by front line units meet required standards; Directing technology solutions that enable effective and efficient compliance risk management solutions.
  • Supporting investigations and interactions with the U.S. Treasury Departments' Office of Foreign Assets Control (OFAC) and/or local government authorities.
  • Monitoring adherence to Citi 's Global Sanctions Policy and relevant procedures to verify adherence to applicable requirements. Working closely with ICRM Compliance Assurance and Internal Audit in the evaluation of results and proposed remedial actions, identifying opportunities to conduct more targeted comprehensive reviews. Identifying and escalating to the Chief Sanctions Officer material risks and significant instances of not adherence to the Framework by accountable front line units; directing investigations in coordination with GIU, CSIS, Legal, HR or as appropriate.
  • Working collaboratively within team and more broadly across business/functional line management to assess complex issues, structure potential solutions and drive effective resolution within permissible statutory and regulatory frameworks.
  • Interacting with Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program. Assessing the impact of issues/violations (legal/regulatory, policy, reputational, etc.) and dimensions control process gaps to help management define disciplinary and corrective actions, as appropriate.
  • Participating in and managing, as appropriate, various internal assurance processes, e.g. Regional Enterprise wide and Horizontal risk assessments, self-assessment, internal audit or compliance assurance reviews.
  • Analyzing data, preparing and presenting regional and global reports related to sanctions risk assessments, and monitoring of sanctions related issues and escalations with senior management and global partners.
  • Additional duties as assigned.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.Qualifications:
    • Expertise of AML and Sanctions regulations, risks and typologies
    • Expertise of Compliance laws, rules, regulations, risks and typologies
    • Excellent written, verbal and analytical skills
    • Must be a self-starter, flexible, innovative and adaptive
    • Highly motivated, strong attention to detail, team oriented, organized
    • Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
    • Ability to work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level
    • Experience in managing regulatory exams and relationships with examiners, auditors, etc.
    • Awareness of regulatory requirements including local and US laws, international and industry standardsEducation:
      • Bachelor 's degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience working in an OFAC risk product (treasury/cash management, trade, correspondent banking) role; Advanced degree preferred
        -------------------------------------------------Job Family Group: Compliance and Control-------------------------------------------------Job Family:Sanctions------------------------------------------------------Time Type:Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi -) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Clearwater , Compliance Sanctions Sr Officer - Emerging Payments, Accounting, Auditing , Dunedin, Florida

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