Compliance Sanctions Officer - Screening Architecture

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Compliance Sanctions Officer - Screening Architecture
Duties: Serves as a 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 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. 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.. Support a specialized team of Independent Compliance Risk (ICRM) officers responsible for program execution activities. Contributes to the design and maintenance of a comprehensive written ICRM Sanctions Framework (standards and policies). Delegate authority in the absence of the Director – CitiScreening Architecture. Lead, train and mentor team(s) of data modelers and analysts involved in testing core sanctions screening system logic. Define and/or refresh Evaluation Standards as needed relating to core sanctions screening system logic. Coordinate with technology partners and independent third party vendors on the completion of the core sanctions screening logic evaluations. Manage timely completion of Regulatory Exam related testing analysis and documents. Prepare and conduct presentations to testing, audit and regulatory examiners as needed on behalf of ICRM Sanctions Executive Management Team. Conduct review and provide feedback on screening related Business Requirements Documents. 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. Analyze comparative data, prepare and present 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.

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