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Compliance Sanctions Sr Manager - List Management

Company: Citi
Location: Palm Harbor
Posted on: January 15, 2022

Job Description:

Serves as a senior compliance risk manager 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.


  • Supervise and coordinate the process for data extraction, analysis, and preparation of the contents update for Citi Screening watch-lists
  • Provide guidance and oversight to the team to ensure the List and Configuration Management processes are being performed according to the established operational procedures
  • Ensure the process controls in place are being adequately executed
  • Provide oversight and expert advice to the team ensuring screening watch-lists are correctly loaded into the Citi Screening platforms
  • Work with the team together to empower them to pre-emptively detect potential screening gaps for particular businesses reviewing respective screening configurations (Rule-sets)
  • Promptly and adequately escalate potential issues that could be impacting the end to end screening process to Senior Management
  • Provide guidance and coordinate implementation of new global, regional, and local screening lists and rulesets in the Citi Screening platform
  • Coordinate and supervise the maintenance of an inventory of global and regional lists, screening rule-sets, and search configurations within Citi Screening platforms
  • Participate as a Subject Matter Expert in cross functional projects and initiatives within the Independent Compliance Risk Management Sanctions organization and Global Compliance Technology teams, as well as with other partner teams
  • Lead high level interaction with partner teams on the screening ecosystem
  • Assist in the execution of strategic and tactical Compliance plans
  • Provide support to management in the development and enhancement of processes and procedures to ensure adequate controls are in place in compliance with various regulatory and legal requirements
  • Analyze and interpret complex business issues, recommending viable solutions, and preparing documents and reports on compliance related areas
  • Identify and resolve problems, escalating complex problems to Senior Management for resolution
  • Perform periodic review of the process for maintaining and updating Sanctions and non-Sanctions lists such as the OFAC Specially Designated Nationals (SDN) list in Citi Screening
  • Supervise and oversee the periodic regular reconciliations processes to ensure data integrity of the uploaded lists against the original sources
  • Provide the means to the team for detecting, resolving and/or escalating anomalies in screening application contents and configuration
  • Strong commitment to establishing and enforcing organizational standards of Sanctions Compliance, and ensuring correctness of results
  • Must be a self-starter, flexible, innovative, and adaptive in a dynamic environment
  • Analyzes data and writes Business Requirements Documents and work well with internal and external teams
  • Able to influence and negotiate with other external teams to achieve common goals for the good of Citi based on the Leadership Standards;
  • Manage vendor relationships with third party data suppliers and provide performance reporting
  • Analyze, communicate, and report inconsistencies to data suppliers and establish enhanced processes and interaction models
  • Detect, resolve and/or escalate anomalies in screening application contents and configuration;
  • Analyze and study system capabilities; reviewing alternative solutions; preparing related materials for review with senior and junior team members: collecting, analyzing, and summarizing information;
  • Participate and lead business requirements reviews for enhancing screening application capabilities;
  • Participate with other team members leading analysis of operational processes identifying opportunities for improvement and implementing relevant process changes;
  • Assist management with day-to-day function of department as requested
  • 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.
  • Managing a specialized team of Compliance professionals responsible for program execution activities. Oversight for compensation, performance appraisals, staff development, training, etc.
  • Providing input on new business initiatives, new products, and advising 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; directs 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 with 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.Qualifications:
    • 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 focusEducation:
      • 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; previous experience managing staff; Advanced degree preferred-Job Family Group:Compliance and Control-Job Family:Sanctions-Time Type:Full time-Citi is an equal opportunity and affirmative action employer.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.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting-Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Palm Harbor , Compliance Sanctions Sr Manager - List Management, Executive , Palm Harbor, Florida

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