Banking Sanctions Head

The Banking Sanctions Head is a senior Independent Compliance Risk Management (ICRM) professional with subject matter expertise on Economic Sanctions that reports into Citi’s Chief Sanctions Officer. The role is responsible for setting strategy and for providing coverage of Sanctions risk in the Banking business in line with the Global Program.   This includes managing complex global issues and defining sustainable solutions across Citi to respond to emerging risks, new material US Sanctions Laws, rules and regulations, and defining approach over large and complex global issues/trends.  The role manages a team responsible for the consistent implementation, execution and oversight of the Sanctions Compliance risk management framework, ensuring consistent global application of sanctions standards across countries in which Citi has a physical or non-physical presence.  Specific responsibilities include:

Responsibilities:

• Building awareness of sanctions risks through a strong working relationship with key regional and global stakeholders, including management of multiple Line of Business, Functions, and Internal Audit.
• Interacting effectively with regulators, in coordinating with the Citi’s regulatory team.
• Understanding industry trends, emerging issues, and regulatory expectations, developing practical solutions to complex problems. Supporting regulatory examinations.
• Providing monitoring and oversight of Banking controls and execution, ensuring identification, escalation, and remediation of control gaps in a timely way.
• Monitoring Banking’s compliance with requirements set forth by the US Department of the Treasury's Office of Foreign Assets Control (OFAC) and United Kingdom’s Office of Financial Sanctions Implementation (OFSI) or other EU country equivalents, issuing Monitoring Reports where appropriate.
• Monitoring ICRM Banking Sanctions adherence to relevant policies and procedures related to execution of processes designed to implement the global sanctions program
• Partnering with stakeholders in implementing Sanctions-related regulatory change.
• Escalating relevant matters to management and drive implementation of agreed resolution strategy.
• Participating and presenting on Sanctions issues at Business Risk and Management committees, providing credible challenge, and advising Citi businesses on sanctions matters.
• Managing a dedicated team for the sanctions’ compliance review of episodic deals and special transactions.
• Managing the monitoring and specialized review of sanctions risks associated with specific clients, sectors, or geographies to advise the business on appropriate sanctions risk management measures.
• Managing a process for the review of sanctions-related enhanced due diligence as part of client onboarding, renewal, or episodic reviews.
• Designing and developing sanctions-related KYC processes and capabilities to integrate into the firm-wide KYC program.
• Executing other activities required by Citi’s Chief Sanctions Officer.

Qualifications:

• 10 years+ experience in the Financial Services Industry.
• Graduate degree, BS or concentration in Business Administration, Legal and/or Finance. MBA a plus.
• Sanctions SME with proven track record in managing sanctions programs in complex organizations.
• Leadership skills including ability to work effectively and drive results with a virtual global team.
• Experience managing diverse teams, and comfort navigating complex, matrixed organizations.
• Knowledge of the U.S. and/or European Union/UK regulatory environment.
• 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.
• Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques, structure potential solutions, and drive to resolution with senior stakeholders
• Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
• Strong data analytical skills supported by appropriate technical skills
• Comfortable acting as an agent for positive change with agility and flexibility
• Effective 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
• Articulate and effective communicator, both orally and in writing, with an energetic, charismatic and approachable style. Candidates must have effective persuasion skills, the ability to work effectively at the highest levels of the organization, and will display highly effective networking and influencing skills
• Executive presence and a reputation for building strong relationships with stakeholders and leading teams, both direct reports and in peer/influence models
• Advanced knowledge of banking products/services and processes, U.S. regulatory framework (OCC, FRB)

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; Subject matter expertise in Anti-Bribery and Sanctions; experience managing a diverse staff; Advanced degree preferred.

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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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