Compl Sanctions Officer - C13 - TAMPA - Tampa Florida United States

Serves as a senior compliance risk 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.

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.

Qualifications:

• Knowledge of AB&C 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
• Ability to evaluate potential policy breaches and assist in conducting corresponding severity assessments with the applicable program unit
• 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, SharePoint)
• 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.

Preferred: Advanced degree preferred (e.g., Juris Doctor, MBA) a plus

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Key Activities include:

• Participating in the design, development, delivery and maintenance of best-in-class Compliance programs, policies, practices and training for ICRM Anti-Bribery & Corruption (AB&C).
• Assisting in the development and execution of the annual ICRM AB&C Training Plan by partnering with AB&C units to implement targeted training.
• Assisting in the development of meeting materials and minutes for monthly management meetings, including researching and preparing presentations on recent regulatory developments and enforcement actions.
• Maintaining and updating information contained within the AB&C intranet site.
• Evaluating potential breaches of the AB&C Policy and conducting corresponding severity assessments with the applicable program unit.
• Identifying bribery risk in the context of escalations and internal investigations.
• Conducting follow-ups with investigators performing investigations.
• Providing credible challenge to investigators conducting investigations.
• Coordinating breach severity assessments with other AB&C program units.
• Reviewing materials to ensure compliance with various regulatory and legal requirements and to ensure compliance risks are appropriately identified and addressed.
• Maintaining and updating AB&C policy documents by drafting, proofreading, and fact-checking AB&C policies, standards, procedures, and internal desk procedures.
• Performing document due diligence and periodic reviews of AB&C policy documents.
• Assisting in the process of renewing existing policy waivers and dispensations.
• Assisting in gathering and assessing policy breach, waiver, and dispensation data for inclusion in quarterly state of risk reports.
• Keeping abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.
• Assisting in the coordination of AB&C compliance within internal Citi policies, including records management, end use computing, information security, and data privacy.

Additional duties as assigned.

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Job Family Group:

Compliance and Control

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Job Family:

Sanctions

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Time Type:

Full time

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Primary Location:

Tampa Florida United States

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Primary Location Full Time Salary Range:

$113,840.00 - $170,760.00

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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Anticipated Posting Close Date:

Jul 08, 2024

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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.

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