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ICG Risk & Control, Financial Crimes Risk, Sanctions lead

Employer
Citigroup
Location
UK
Salary
Competitive
Closing date
26 Jun 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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This new role is part of ICG Risk & Control Team supporting the Head of ICG Risk & Control, Financial Crime Risk lead in the oversight of the ICG Business' end to end control framework in respect of Financial Crime (i.e. AML (including Terrorist Financing), Sanctions, Anti -Bribery and Tax Evasion) and Compliance Risk.

Reporting into the ICG Risk & Control Financial Crimes Lead, the role will work with existing in-business control resources across ICG lines of business and with Control Function Colleagues in Independent Compliance Risk Management to ensure control issues are promptly identified and appropriately escalated, and are being addressed in a robust, consistent and timely manner. The role will support the ICG Financial Crimes Risk Lead on a range of ICG and Citi wide control initiatives in relation to financial Sanctions, trade sanctions and export controls risks to ensure the ICG lines of business are sufficiently connected into those programs and addresses their objectives; and will work with 1LOD and 2LOD to ensure the overall assessment of the control environment is appropriately presented for effective oversight.

The role will be primarily responsible for Sanctions risk, (including trade sanctions and export controls) and a holistic, consistent approach to sanctions risk management across the ICG businesses and the oversight of key control remediations for the business and will undertake specific control event investigations and lessons learned studies as required. The individual will work with counterparts across other ICG businesses to share control best practices.

Responsibilities:
  • Work with in-business risk and control resources to co-ordinate key Sanctions (including trade sanctions and export controls) control frameworks across the ICG businesses
  • Act as a first point of contact for Sanctions related (including trade sanctions and export controls) matters within the ICG Financial Crimes Risk & Control team
  • Drive a consistent and holistic approach to Sanctions and wider Financial Crimes risk management across ICG.
  • Conduct reviews of Sanctions processes and procedures to ensure policy requirements are fit for purpose and have been implemented consistently, with appropriate supporting documentation.
  • Assess regulatory and business impact of proposed changes to AML and Sanctions policies/procedures/guidelines, and work collaboratively with AML and Product Compliance to ensure the business operates in line with regulatory requirements.
  • Provide sanctions subject matter expertise to the ICG businesses and work with in business risk teams Sanctions leads on key sanctions initiatives, centralizing and coordinating where required.
  • Provide support to the Head of ICG Financial Crimes Risk & Control in reporting to global ICG BRCC and the ICG Financial Crimes management forum to ensure a demonstrably robust assessment of the control environment is provided to the Committees to facilitate effective oversight for Sanctions risk
  • Build strong working relationships with 1st and 2nd line colleagues to ensure early engagement on new business initiatives to ensure timely support of commercial priorities and full adherence to global and regional risk management policies and procedures
  • Represent the ICG businesses on key control initiatives in Sanctions
  • Identify, monitor, report and resolve any sanctions related issues or gaps in the control framework
  • Work with other members of the ICG Compliance Risk & Control team (at a regional level as well as globally)
  • Undertake investigations into control failures and take the lead on reporting Lessons Learned reports for significant control events
  • Work with ICRM Control function partners and Internal Audit to facilitate control remediation efforts and the audit coverage of the business.

Qualifications:
  • 7+ years' experience in Sanctions risks frameworks, including trade sanctions and export controls (either first or second line of defence)
  • Knowledge and expertise of sanctions regulations, risks and typologies
  • Demonstrable experience in implementing sanctions programs
  • Demonstrable experience of AML & Sanctions risk management frameworks
  • Detailed expertise of Investment Banking business activities and associated key regulations
  • Demonstrated ability and confidence to challenge business management, escalate issues and press for change.
  • Excellent oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.
  • Ability to drive change to business practices by working effectively across a global organisation.
  • Self-starting with the ability to multitask and prioritize
  • Project management and change capabilities are essential
  • Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
  • Demonstrated analytical skills with follow-up and problem solving capability
  • Ability to analyse a process and recommend ways to improve quality, controls, and efficiency

Education:
  • Bachelor's/University degree or equivalent experience, potentially Masters degree

This new role is part of ICG Risk & Control Team supporting the Head of ICG Risk & Control, Financial Crime Risk lead in the oversight of the ICG Business' end to end control framework in respect of Financial Crime (i.e. AML (including Terrorist Financing), Sanctions, Anti -Bribery and Tax Evasion) and Compliance Risk.

Reporting into the ICG Risk & Control Financial Crimes Lead, the role will work with existing in-business control resources across ICG lines of business and with Control Function Colleagues in Independent Compliance Risk Management to ensure control issues are promptly identified and appropriately escalated, and are being addressed in a robust, consistent and timely manner. The role will support the ICG Financial Crimes Risk Lead on a range of ICG and Citi wide control initiatives in relation to financial Sanctions, trade sanctions and export controls risks to ensure the ICG lines of business are sufficiently connected into those programs and addresses their objectives; and will work with 1LOD and 2LOD to ensure the overall assessment of the control environment is appropriately presented for effective oversight.

The role will be primarily responsible for Sanctions risk, (including trade sanctions and export controls) and a holistic, consistent approach to sanctions risk management across the ICG businesses and the oversight of key control remediations for the business and will undertake specific control event investigations and lessons learned studies as required. The individual will work with counterparts across other ICG businesses to share control best practices.

Responsibilities:
  • Work with in-business risk and control resources to co-ordinate key Sanctions (including trade sanctions and export controls) control frameworks across the ICG businesses
  • Act as a first point of contact for Sanctions related (including trade sanctions and export controls) matters within the ICG Financial Crimes Risk & Control team
  • Drive a consistent and holistic approach to Sanctions and wider Financial Crimes risk management across ICG.
  • Conduct reviews of Sanctions processes and procedures to ensure policy requirements are fit for purpose and have been implemented consistently, with appropriate supporting documentation.
  • Assess regulatory and business impact of proposed changes to AML and Sanctions policies/procedures/guidelines, and work collaboratively with AML and Product Compliance to ensure the business operates in line with regulatory requirements.
  • Provide sanctions subject matter expertise to the ICG businesses and work with in business risk teams Sanctions leads on key sanctions initiatives, centralizing and coordinating where required.
  • Provide support to the Head of ICG Financial Crimes Risk & Control in reporting to global ICG BRCC and the ICG Financial Crimes management forum to ensure a demonstrably robust assessment of the control environment is provided to the Committees to facilitate effective oversight for Sanctions risk
  • Build strong working relationships with 1st and 2nd line colleagues to ensure early engagement on new business initiatives to ensure timely support of commercial priorities and full adherence to global and regional risk management policies and procedures
  • Represent the ICG businesses on key control initiatives in Sanctions
  • Identify, monitor, report and resolve any sanctions related issues or gaps in the control framework
  • Work with other members of the ICG Compliance Risk & Control team (at a regional level as well as globally)
  • Undertake investigations into control failures and take the lead on reporting Lessons Learned reports for significant control events
  • Work with ICRM Control function partners and Internal Audit to facilitate control remediation efforts and the audit coverage of the business.

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Job Family Group:
Risk Management
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Job Family:
Business Risk & Controls
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Time Type:
Full time
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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

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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.
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