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Serves as a senior compliance risk officer for Independent Compliance Risk Management (ICRM) responsible for leading internal investigations into potential sanctions breaches, drafting responses to inquiries from Treasury's Office of Foreign Assets Control (OFAC), and drafting complex OFAC license applications. In addition, supports ICRM management in 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:

• Executing and implementing firm-wide sanctions risk management policy as well as the strategic ICRM direction (assessment of risks, development of policies, procedures, governance).
• Designing and maintaining elements of the ICRM Sanctions Framework; Advising and overseeing adherence to procedures and processes for compliance by front line units meet required standards; Directing technology solutions that enable effective and efficient compliance risk management solutions.
• Supporting investigations and interactions with the U.S. Treasury Departments' Office of Foreign Assets Control (OFAC) and/or local government authorities.
• Drafting OFAC Administrative Subpoena responses, Voluntary Self-Disclosures, license applications, and other relevant regulatory correspondence.
• Providing timely and accurate regulatory guidance to Citi’s business units.
• Monitoring adherence to Citi’s Global Sanctions Policy and relevant procedures.
• 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 internal stakeholders as appropriate, and developing remedial actions in accordance with regulatory expectations.
• Working 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.
• 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.
• 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.
• Additional duties as assigned.

Qualifications:

• Extensive knowledge of and expertise in Sanctions regulations, risks, and typologies.
• Experience producing formal written communications for OFAC.
• Experience working in OFAC and/or the Department of the Treasury.
• Experience in managing regulatory exams and relationships with examiners, auditors, etc.
• Awareness of regulatory requirements including local and US laws, international and industry standards.
• Highly motivated, strong attention to detail, team oriented, organized.
• Excellent written, verbal and analytical skills.
• Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
• Ability to interact and communicate effectively with senior leaders.
• Significant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controls.
• Experience in the design and implementation of Compliance programs.
• Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; 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.
• Experience with and previous exposure to internal or external control functions and regulators (incl. the US).
• Ability to challenge business management and escalate issues when appropriate.
• Strong track record of effectively assessing and managing competing priorities.
• Comfortable acting as an agent for positive change with agility and flexibility.

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.
• Advanced degree preferred.

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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:

Washington District Of Columbia United States

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Primary Location Full Time Salary Range:

$167,920.00 - $251,880.00

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:

Aug 26, 2024

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