Compl Sanctions Sr Officer II

Citi ,
London, Greater London
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Overview

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:** + Designing, developing, delivering, and maintaining best-in-class Sanctions Compliance policies and practices; providing a mechanism for identifying key sanctions risks and how the mitigation of those risks would be monitored and measured through a control framework. Ensuring that reviews are conducted consistently across each entity on a regular basis to ensure that the controls identified are operating effectively. Acting as an Economic Sanctions Subject Matter Expert responsible for overseeing the bank's risk-taking activities. + Providing review, oversight and guidance over the assessment of complex transactions, deals and issues, structuring potential solutions and driving effective resolution with other senior stakeholders. Providing advice to the businesses on an ongoing basis on new business initiatives, new products, business acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations. + Acting as the main point of contact for US and foreign regulators and Citi internal audit staff for Sanctions matters, as appropriate, including coordinating Sanctions-related examinations, audit and reviews, document production, and issue responses. Reviewing and approving OFAC Administrative Subpoenas, Voluntary Self-Disclosures and relevant regulatory correspondence. + Monitoring adherence to Citi's Global Sanctions Policy and relevant procedures; is up to date on key Sanctions regulatory changes, key enforcement actions and related industry trends. Identifies and escalates to the Chief Sanctions Officer material risks and significant + instances of non-adherence to the Framework by accountable front line units; directs investigations in coordination with GIU, CSIS, Legal, HR or as appropriate. + Interacting with Senior Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program; supervises the preparation of materials for the Board or relevant management/risk committees. + Participating in and managing or coordinating, as appropriate, various internal assurance processes, e.g. Regional Enterprise wide and Horizontal risk assessments, self-assessment, internal audit or compliance assurance reviews. + 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:** + Extensive knowledge and expertise of AML and Sanctions regulations, risks and typologies; + Experience in the design and implementation of Sanctions technology + Experience in managing regulatory exams and relationships with examiners, auditors, etc. + Awareness of regulatory requirements including local and US laws, international and industry standards + Highly motivated, strong attention to detail, team oriented, organized + Excellent written, verbal and analytical skills + Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging + Ability to interact and communicate effectively with senior leaders + Significant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controls + Experience in the design and implementation of Compliance programs + Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders + Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses + Experience with and previous exposure to internal or external control functions and regula

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