Compliance Sanctions Director - EMEA Head MSS/BCMA Business Coverage

Job Description

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016. Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role. Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:

• Honesty, integrity and reputation
• Financial soundness
• Competence and capability

In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessedfor this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks. 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 requirementsthat 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 supportfor 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 sanctionsrelated global standards, policies and procedures. Responsibilities:

• Designing, developing, delivering, and maintaining best-in-class Sanctions Compliance policies and practices, providing a mechanism for identifying key sanctions risks and how the mitigation of those risks would be monitored and measured through a controlframework. Ensuring that reviews are conducted consistently across each entity on a regular basis to ensure that the controls identified are operating effectively. Acting as an Economic Sanctions Subject Matter Expert responsible for overseeing the banksrisk-taking activities.
• Managing specialized teams of Compliance professionals responsible for the execution of Program activities. Developing, attracting, and retaining talent; recommending staffing levels required to carry out the units role and responsibilities effectivelywhile establishing and adhering to talent management processes and compensation and performance management programs.
• Providing review, oversight and guidance over the assessment of complex transactions, deals and issues, structuring potential solutions and driving effective resolution with other senior stakeholders. Providing advice to the businesses on an ongoing basison new business initiatives, new products, business acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations.
• Acting as the main point of contact for US and foreign regulators and Citi internal audit staff for Sanctions matters, as appropriate, including coordinating Sanctions-related examinations, audit and reviews, document production, and issue responses. Reviewingand approving OFAC Administrative Subpoenas, Voluntary Self-Disclosures and relevant regulatory correspondence.
• Monitoring adherence to Citis Global Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends. Identifies and escalates to the Chief Sanctions Officer material risksand significant
• instances of non-adherence to the Framework by accountable front line units; directs investigations in coordination with GIU, CSIS, Legal, HR or as appropriate.
• Interacting with Senior Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program; supervises the preparation of materials for the Board or relevant management/risk committees.
• Participating in and managing or coordinating, as appropriate, various internal assurance processes, e.g. Regional Enterprise wide and Horizontal risk assessments, self-assessment, internal audit or compliance assurance reviews.
• Additional duties as assigned
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firms reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adheringto 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 accountabilitywith those who fail to maintain these standards.

Qualifications:

Extensive knowledge and expertise of AML and Sanctions regulations, risks and typologies

Experience in the design and implementation of Sanctions technology

Experience in managing regulatory exams and relationships with examiners, auditors, etc.

Awareness of regulatory requirements including local and US laws, international and industry standards

Highly motivated, strong attention to detail, team oriented, organized

Excellent written, verbal and analytical skills

Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging

Ability to interact and communicate effectively with senior leaders

Significant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controls

Experience in the design and implementation of Compliance programs

Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders

Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businessesExperience with and previous exposure to internal or external controlfunc