The goal of the Markets Sanctions Financial Crimes Risk and Controls function is to help establish and maintain a robust sanctions control environment and awareness across Markets globally. Developing a proactive control approach assists management in achieving strategic objectives, promotes efficiency, reduces the risk of loss, and helps ensure compliance with corporate policies, procedures, laws, and regulations. In addition, properly functioning internal controls enable management to deal with today’s rapidly changing environment and prepare for future growth.

The Markets Sanctions Financial Crimes Risk team team directly supports a sales and trading environment and is looking for a highly energized, dynamic professional who is ready to join a fast-paced, world leader in the financial services industry. The successful candidate will enhance Markets’ sanctions risk management by developing processes to collect data/information, including sanctions screening metrics, corrective action plans, system inventories, and screening procedures, and analyzing the information to manage sanctions risk and progression of remedial actions. The candidate will also seek opportunities to enhance management reporting and develop automated solutions where possible.

The incumbent will interact with key stakeholders including personnel from Business Management, Sales, Accounts Control, KYC Support Unit, Operations, Technology, and ICRM Sanctions to obtain data/information and develop risk management processes to support Markets sanctions risk management. The position will report to the Markets Sanctions Business Risk Lead.

Responsibilities

• This role is within a first line of defense team that oversees Markets sanctions risk and controls globally, and supports senior regional and global team members.

• Work collaboratively with Financial Crimes Risk seniors, Front Office, Operations, and Technology to assess sanctions risks on a client and product basis and evaluate sanctions controls. Support design and implementation of control enhancements, where needed.

• Maintain current knowledge and understanding of new and changing sanctions requirements and support continuous assessment of the impact on Markets clients, products, and services.

• Participate in initial pre-transaction review for permissibility, including intake, preliminary fact-finding and assessment, tracking, reporting; escalate to Compliance and Legal, where needed.

• Partake in Markets response to new sanctions programs, including communication framework, identification of existing touchpoints and exposures, and consideration of changes to control environment.

• Document the processes developed and actions taken; track matters to ensure each are addressed and closed.

• Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans.

• Prepare presentations to update senior management and various governance committees on sanctions developments, emerging risks, control issues and/or enhancements.

• Partner with other colleagues, as needed, to support sanctions initiatives and other Financial Crimes Risk-related projects

Qualifications

• Bachelor’s degree required, MBA or JD a plus.

• 5+ years experience at a financial institution, consulting firm, law firm, regulator, or similar experience; Compliance or Legal background preferred.

• Must have knowledge of both economic sanctions (OFAC mandatory, EU and UK preferred) and securities products and services (including equities, bonds, derivatives, FX, prime,).

• Fact finding and analytical skills required.

• Organizational skills needed to document efforts and track matters to completion.

• Strong oral and written communication skills mandatory.

• Understands sense of urgency and deadlines

• Capable of juggling multiple tasks and recalibrating as priorities change with minimum supervision.

Job Family Group:

Risk Management

Job Family:

Business Risk & Control

Time Type:

Full time

Primary Location:

Tampa Florida United States

Primary Location Full Time Salary Range:

$103,920.00 - $155,880.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date:

Jun 19, 2024

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Citi is an equal opportunity and affirmative action employer.

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