Compliance Sanctions Officer, Citi

Citi

Location:
United Kingdom, Belfast

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Serves as a Compliance Sanctions 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.

Job Responsibility:

Implementation and oversight of the Sanctions policy and regulation across all UK Legal vehicles
Ownership and oversight of controls in place to ensure UK legal vehicles are compliant with Sanctions policy/regulation
Maintain UK Sanctions related policies/procedures and check & challenge associated documents (e.g. waivers/dispensations, policy breaches, etc.)
Support gathering material, reviewing and presenting at UK governance forums for oversight and escalation of material information at senior levels
Be the key contact for the ICRM UK Sanctions team to manage Internal Audit or Compliance Testing reviews
Support managing OFSI reporting for frozen assets and other regulatory reporting
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
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

Requirements:

Sanctions list management experience/knowledge
Product specific knowledge (e.g. Markets, Trade, Payments and Receivables, Securities Services, Investment Bank, Corporate Bank, Commercial Bank and Wealth)
Experience performing investigations of potential breaches of policy/regulation
Managing and liaising with regulators and Sanctions enforcement bodies
Preferably expertise of AML and Sanctions regulations, risks and typologies
Knowledge of Compliance 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
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)
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

Nice to have:

Business Acumen
Credible Challenge
Laws and Regulations
Management Reporting
Policy and Procedure
Program Management
Referral and Escalation
Risk Controls and Monitors
Risk Identification and Assessment
Risk Remediation

What we offer:

Generous holiday allowance starting at 27 days plus bank holidays
increasing with tenure
A discretional annual performance related bonus
Private medical insurance packages to suit your personal circumstances
Employee Assistance Program
Pension Plan
Paid Parental Leave
Special discounts for employees, family, and friends
Access to an array of learning and development resources

Additional Information:

Job Posted:
June 12, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Compliance Sanctions Officer