Sanctions Senior Officer

Are you looking for a career move that will place you in a global financial organization? Then bring your skills in analysis, problem solving and communication to Citi’s Independent Compliance Risk Management (ICRM) Team.

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

Team/Role Overview

Serves as a senior compliance risk officer 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

• Execute and implement firm-wide sanctions risk management policy as well as the strategic ICRM direction; maintaining the AML compliance program for the businesses (assessment of risks, development of policies, procedures, governance).

• Design and maintain elements of the ICRM Sanctions Framework; Advise and oversee adherence to procedures and processes for compliance by front line units meet required standards; Direct technology solutions that enable effective and efficient compliance risk management solutions.

• Support investigations and interactions with the U.S. Treasury Departments' Office of Foreign Assets Control (OFAC) and/or local government authorities.

• Monitor adherence to Citi’s Global Sanctions Policy and relevant procedures to verify adherence to applicable requirements. Work closely with ICRM Compliance Assurance and Internal Audit in the evaluation of results and proposed remedial actions, identify opportunities to conduct more targeted comprehensive reviews. Identify and escalate to the Chief Sanctions Officer material risks and significant instances of not adherence to the Framework by accountable front line units; direct investigations in coordination with GIU, CSIS, Legal, HR or as appropriate.

• Work 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.

• Interact with Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program. Assess 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.

• Participate in and manage, as appropriate, various internal assurance processes, e.g. Regional Enterprise wide and Horizontal risk assessments, self-assessment, internal audit or compliance assurance reviews.

• Analyze data, prepare and present regional and global reports related to sanctions risk assessments, and monitor of sanctions related issues and escalations with senior management and global partners.

What we’ll need from you

• Bachelor’s degree in relevant field.

• 10+ years of 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 working in an OFAC risk product (treasury/cash management, trade, correspondent banking) role.

• Expertise of AML and Sanctions regulations, risks and typologies, Compliance laws, rules, regulations, risks and typologies.

• Excellent written, verbal and analytical skills. Proficient in English.

• Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.

• Ability to work collaboratively with regional and 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 local and US laws, international and industry standards.

What we can offer you

By joining Citi Hungary, 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 compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

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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