Sanctions Compliance Officer - Services Technology - C13, Citi

Citi

Location:

India, Mumbai

Category:

-

Contract Type:

Not provided

Salary:

Not provided

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Job Description:

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. This role will provide advice, oversight, and credible challenge to Services' business technology and data initiatives as they relate to sanctions risks and controls.

Job Responsibility:

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, data concerns, and escalations with senior management and global partners
Providing input on new business initiatives, new products, and technologies/systems
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

Requirements:

Expertise in technology infrastructure, architecture, and data
Preferably expertise of Sanctions and AML 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
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
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

Additional Information:

Job Posted:

March 20, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Sanctions Compliance Officer - Services Technology - C13