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, leads proactive efforts, within ICRM and across Business lines, to structure a resilient operating model to support consistent and effective sanctions compliance in the face of future significant sanctions programs.

Responsibilities:
 

• Executing and implementing firm-wide sanctions risk management policy as well as the strategic ICRM direction; maintaining the Sanctions 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.
• Coordinating efforts within ICRM Sanctions to proactively reinforce a framework of processes, playbooks, technological initiatives, communication protocols, etc. that are resilient in the face of the introduction of significant new sanctions measures.
• Tracking global developments, trends, designations in Sanctions and non-Sanctions space and develop meaningful insights around emerging Sanctions.
• Engaging Business, Compliance, and Risk teams to define and implement preemptive assessment and risk-based strategies that can be deployed at short notice on announcement or imposition of significant future Sanctions.
• Representing ICRM Sanctions at forums, on projects, or in discussions, and where required, credibly challenge business proposals.
• Supporting, providing inputs and helping prepare for regulatory or internal reviews on Sanctions preparedness and business continuity.
• Monitoring adherence to Citi’s Global Sanctions Policy and relevant procedures to verify adherence to applicable requirements. Working closely with ICRM Compliance Independent Assessment 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.
• 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., Enterprise-wide and Horizontal risk assessments, self-assessment, internal audit, or compliance assurance reviews.
• Analyzing data, preparing and presenting 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:

• 10+ years’ experience; previous Sanctions regulations, risks and typologies expertise
• Excellent written, verbal and analytical skills
• Must be motivated, 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 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 US, UK and EU laws and regulations, and international and industry standards

Education:

• Bachelor’s degree; or comparable experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof. Advanced degree preferred.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Compliance and Control

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Job Family:

Sanctions

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Time Type:

Full time

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Primary Location:

Washington District Of Columbia United States

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Primary Location Full Time Salary Range:

$167,920.00 - $251,880.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Aug 20, 2024

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