Citibank
Compliance Sanctions Director - Level 3 Advisory, Controls & Execution (Hybrid)
Citibank, Washington, District of Columbia, us, 20022
Serves as a senior compliance risk manager 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:Serving as a senior member of the global Level 3 sanctions investigation function, managing specialized teams of Compliance professionals responsible for the execution of Program activities, including advisory, controls, and execution of the Level 3 function.Developing, attracting, and retaining talent; recommending staffing levels required to carry out the unit’s role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs.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.Developing sanctions guidance, training and reference materials concerning escalations.Coordinating with business and business-facing ICRM Sanctions teams on the applicability of sanctions regulations. 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 Level 3 matters, as appropriate, including coordinating L3 inputs for Sanctions-related examinations, audit and reviews, document production, reporting, and issue responses. Reviewing OFAC Administrative Subpoenas, Voluntary Self-Disclosures and relevant regulatory correspondence.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. Identifies and escalates to the Chief Sanctions Officer material risks and significant instances of non-adherence to the Framework by accountable front line units; may direct investigations in coordination with CRIU, CSIS, Legal, or HR, 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., 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:Extensive knowledge and expertise of AML and Sanctions regulations, risks and typologiesExperience in the design and implementation of Sanctions technologyExperience in managing regulatory exams and relationships with examiners, auditors, etc.Awareness of regulatory requirements including local and US laws, international and industry standardsHighly motivated, strong attention to detail, team oriented, organizedExcellent written, verbal and analytical skillsStrong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messagingAbility to interact and communicate effectively with senior leadersSignificant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controlsExperience in the design and implementation of Compliance programsDemonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholdersAbility to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businessesExperience with and previous exposure to internal or external control functions and regulators (incl. the US)Ability to challenge business management and escalate issues when appropriateStrong track record of effectively assessing and managing competing prioritiesExperience managing diverse teams, and comfort navigating complex, highly-matrixed organizationsComfortable acting as an agent for positive change with agility and flexibilityEffective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management skills are essential
Education: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; previous experience managing a diverse team; Advanced degree a plus
Job Family Group:
Compliance and ControlJob Family:
SanctionsTime Type:
Full timePrimary Location:
Washington District Of Columbia United StatesPrimary Location Full Time Salary Range:
$170,000.00 - $300,000.00In 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.Anticipated Posting Close Date:
Nov 20, 2024Citi 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
Accessibility at Citi
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Responsibilities:Serving as a senior member of the global Level 3 sanctions investigation function, managing specialized teams of Compliance professionals responsible for the execution of Program activities, including advisory, controls, and execution of the Level 3 function.Developing, attracting, and retaining talent; recommending staffing levels required to carry out the unit’s role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs.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.Developing sanctions guidance, training and reference materials concerning escalations.Coordinating with business and business-facing ICRM Sanctions teams on the applicability of sanctions regulations. 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 Level 3 matters, as appropriate, including coordinating L3 inputs for Sanctions-related examinations, audit and reviews, document production, reporting, and issue responses. Reviewing OFAC Administrative Subpoenas, Voluntary Self-Disclosures and relevant regulatory correspondence.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. Identifies and escalates to the Chief Sanctions Officer material risks and significant instances of non-adherence to the Framework by accountable front line units; may direct investigations in coordination with CRIU, CSIS, Legal, or HR, 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., 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:Extensive knowledge and expertise of AML and Sanctions regulations, risks and typologiesExperience in the design and implementation of Sanctions technologyExperience in managing regulatory exams and relationships with examiners, auditors, etc.Awareness of regulatory requirements including local and US laws, international and industry standardsHighly motivated, strong attention to detail, team oriented, organizedExcellent written, verbal and analytical skillsStrong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messagingAbility to interact and communicate effectively with senior leadersSignificant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controlsExperience in the design and implementation of Compliance programsDemonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholdersAbility to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businessesExperience with and previous exposure to internal or external control functions and regulators (incl. the US)Ability to challenge business management and escalate issues when appropriateStrong track record of effectively assessing and managing competing prioritiesExperience managing diverse teams, and comfort navigating complex, highly-matrixed organizationsComfortable acting as an agent for positive change with agility and flexibilityEffective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management skills are essential
Education: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; previous experience managing a diverse team; Advanced degree a plus
Job Family Group:
Compliance and ControlJob Family:
SanctionsTime Type:
Full timePrimary Location:
Washington District Of Columbia United StatesPrimary Location Full Time Salary Range:
$170,000.00 - $300,000.00In 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.Anticipated Posting Close Date:
Nov 20, 2024Citi 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
Accessibility at Citi
.View the "
EEO is the Law
" poster. View the
EEO is the Law Supplement
.View the
EEO Policy Statement
.View the
Pay Transparency Posting
.
#J-18808-Ljbffr