Compliance Sanctions Officer​

Are you looking for a career move that will put you at the heart of a global financial institution?

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Role Overview:

Serves as a Compliance Sanctions 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.

What you'll do:

• Implementation and oversight of the Sanctions policy and regulation across all UK Legal vehicles

• Ownership and oversight of controls in place to ensure UK legal vehicles are compliant with Sanctions policy/regulation

• Maintain UK Sanctions related policies/procedures and check & challenge associated documents (e.g. waivers/dispensations, policy breaches, etc.)

• Support gathering material, reviewing and presenting at UK governance forums for oversight and escalation of material information at senior levels

• Be the key contact for the ICRM UK Sanctions team tomanage Internal Audit or Compliance Testing reviews

• Support managing OFSI reporting for frozen assets and other regulatory reporting

• 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.

• 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.

• Additional duties as assigned.

What we'll need from you:

• Sanctions list management experience/knowledge is recommendable.

• Product specific knowledge (e.g. Markets, Trade, Payments and Receivables, Securities Services, Investment Bank, Corporate Bank, Commercial Bank and Wealth) is also recommendable.

• Experience performing investigations of potential breaches of policy/regulation is desirable.

• Managing and liaising with regulators and Sanctions enforcement bodies is also desirable.

• Preferably expertise of AML and Sanctions regulations, risks and typologies.

• Knowledge of Compliance laws, rules, regulations, risks and typologies.

• 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 organization.

• Strong written and verbal communication and interpersonal skills.

• Ability to both work collaboratively and independently; ability to navigate a complex organization.

• Advanced analytical skills.

• Ability to both work independently and collaborate with team members.

• 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.

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; experience in area of focus; Advanced degree preferred.

What we can offer you:

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi Belfast, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:  

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus

• Private medical insurance packages to suit your personal circumstances

• Employee Assistance Program 

• Pension Plan

• Paid Parental Leave

• Special discounts for employees, family, and friends

• Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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