The Sanctions team is part of the Independent Compliance Risk Management (ICRM) function within the Second Line of Defense at Citi. The Sanctions ICRM team is a Global team that collaborate closely to provide Sanctions regulatory advice and controls/processes oversight across more than 160 countries covering Asia Pacific, Europe, Middle East and Africa, Latin America and North America.
As a Compliance Analyst within Sanctions Advisory in ICRM you are responsible for establishing internal strategies, policies, procedures, processes related to monitoring and fostering awareness of sanctions regulatory requirements that Citi must comply with, You will also be involved in 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, you will provide 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.
Citi is a leader in the provision of financial services across the world. Within Citi, you will enjoy the advantages of working for one of the largest international Investment Banks in the industry whilst still being part of a very helpful and cooperative team. Due to Citi’s global reach, vast volume of operations and diverse product offering, this job opportunity will challenge your knowledge and capabilities, provide you with un-parallel opportunities to grow and expand your horizons and give you the chance to do different things and meet different people every single day.
Responsibilities:
- Analyse comparative 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.
- Support a specialised team of Independent Compliance Risk (ICRM) officers responsible for program execution activities.
- Contribute to the design and maintenance of a comprehensive written ICRM Sanctions Framework (standards and policies).
- Partner with functional partners and key stakeholders – regionally and globally, to ensure potential risks are identified during due diligence, escalated on an ad hoc basis and are appropriately vetted and addressed.
- Identify and escalate to the Chief Sanctions Officer, material risks and significant instances that are not in adherence to the Framework by accountable front line units; directs investigations in coordination with GIU, CSIS, Legal, HR, or as appropriate.
- Monitor adherence to Citi’s Global Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends.
- Oversee adherence to procedures and processes, to ensure compliance with policies ensuring that front line units meet required standards.
- Support efforts in connection Internal Audit and functional regulators in Program exams and evaluations; tracks and challenges remedial actions from the front line units.
- Draft and edit sanctions-related reference materials; support the various electronic record-keeping logs for sanctions licenses, voluntary disclosures; subpoenas etc.; participate in sanctions training programs.
Skills and Experience:
- Previous experience in compliance, legal or other control-related function in the financial services firm, regulatory organisation, or legal/consulting firm.
- Knowledge of Compliance laws, rules, regulations, risks and typologies.
- Expertise of AML and Sanctions regulations, risks and typologies is preferable.
- Excellent written and verbal communication skills.
- Must be a self-starter, flexible, innovative and adaptive.
- Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organisation.
- Work collaboratively with regional and global partners in other functional units; ability to navigate a complex organisation.
- Excellent project management and organisational skills and capability to handle multiple projects at one time.
- Proficient in MS Office applications (Excel, Word, PowerPoint) Knowledge in area of focus.
Education:
- Bachelor’s degree in a relative field.
- Advanced degree preferred.
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