Sanctions Senior Officer, Citi

Citi

Location:

Hungary, Budapest

Category:

-

Contract Type:

Not provided

Salary:

Not provided

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Job Description:

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.

Job Responsibility:

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

Requirements:

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 offer:

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

Additional Information:

Job Posted:

March 20, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Sanctions Senior Officer