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Compliance Sanctions Officer

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Citi

19d ago

  • Job
    Full-time
    Senior Level
  • Legal
  • Belfast

AI generated summary

  • You should have knowledge of Compliance laws, experience in investigations, strong analytical and communication skills, project management abilities, and a relevant degree; advanced degree preferred.
  • You will advise on sanctions compliance, analyze risk data, monitor policy adherence, escalate issues, support audits, draft materials, and promote awareness of emerging sanctions trends.

Requirements

  • Knowledge of Compliance laws, rules, regulations, risks and typologies - preferably in relation to Sanctions and AML.
  • Experience performing investigations of potential breaches of policy/regulation is desirable.
  • Managing and liaising with regulators and enforcement bodies is desirable.
  • Product specific knowledge (e.g. Markets, Trade, Payments and Receivables, Securities Services, Investment Bank, Corporate Bank, Commercial Bank and Wealth) is desirable.
  • Self-starter, flexible, innovative and adaptive.
  • Advanced analytical skills.
  • Strong written and verbal communication.
  • Strong interpersonal skills with the ability to work collaboratively and with people at all levels of a complex organization.
  • Excellent project management and organizational skills and capability to handle multiple projects at one time.
  • Proficient in MS Office applications (Excel, Word, PowerPoint).
  • Demonstrated knowledge in area of focus.
  • 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 in area of focus; Advanced degree preferred.

Responsibilities

  • Working collaboratively with the team to provide advice to business with respect to applicability of policies and implementation of the economic sanctions program and regulatory changes.
  • 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.
  • Providing input on new business initiatives, new products, and advise on complex transactions.
  • Partnering with functional partners, as applicable, to ensure potential risks are appropriately vetted and addressed. 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.
  • Monitoring adherence to Citi’s Global Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends.
  • Overseeing adherence to procedures and processes, to ensure compliance with policies ensuring that front line units meet required standards. Promoting global consistency of Sanctions ICRM practices and policies – within the line of business as well as cross-sector.
  • 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. Supporting efforts in connection Internal Audit and functional regulators in Program exams and evaluations; tracking and challenging remedial actions from the front line units.
  • Drafting and editing sanctions-related reference materials; supporting the various electronic record-keeping logs for sanctions licenses, voluntary disclosures; subpoenas etc.; participating in sanctions training programs.
  • 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.

FAQs

What role does the Compliance Sanctions Officer play at Citi?

The Compliance Sanctions Officer is responsible for establishing internal strategies, policies, and procedures related to sanctions regulatory requirements, assessing sanctions risk exposure, overseeing control processes, and ensuring adherence to global standards.

What qualifications are required for this position?

A Bachelor's degree is required, with experience in compliance, legal, or other control-related functions in financial services or regulatory organizations. An advanced degree is preferred.

What specific skills are needed for this job?

Necessary skills include knowledge of compliance laws related to sanctions and AML, advanced analytical skills, strong written and verbal communication, project management abilities, and proficiency in MS Office applications.

Is prior experience in investigations required?

Experience in performing investigations of potential breaches of policy or regulation is desirable but not mandatory.

What are the main responsibilities of this role?

Responsibilities include advising the business on sanctions policies, analyzing and reporting on sanctions risk, monitoring adherence to sanctions policy, and conducting internal assurance processes.

What is the work model at Citi for this job?

Citi offers a hybrid working model, allowing up to 2 days of remote work per week.

What benefits does Citi offer to employees in this role?

Benefits include a competitive salary, generous holiday allowance, performance-related bonuses, private medical insurance, pension plans, paid parental leave, and access to learning and development resources.

How does Citi ensure an inclusive work environment?

Citi is committed to creating a workplace where everyone feels comfortable being their whole self and supports diversity and inclusion initiatives.

Who should apply for this position?

Qualified individuals with knowledge of compliance, relevant experience, and the necessary skills are encouraged to apply, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Are there opportunities for career development at Citi?

Yes, Citi provides access to an array of learning and development resources to support employee growth and career advancement.

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Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

  • Live Well, Stay Healthy

    Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

  • Paid parental leave

    We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

  • Save well, for now and your future

    We empower our employees to manage their financial well-being and help them plan for the future.

  • Keep learning

    Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.