Banking & International Controls Sanctions Lead - Director

The Banking & International Sanctions lead is responsible for managing Sanctions  (including Trade restrictive measures) risk across Banking & International’s global footprint. The role is  one of the key Business Sanctions Risk Officers for the franchise.

The Banking & International (B&I) Financial Crime and Fraud Controls team supports and promotes a robust control environment within the three Banking businesses (Corporate Bank, Investment Bank and Commercial Bank) and the International franchises across Citi, ensuring that all applicable internal policies and external regulations are adopted through effective and sustainable processes.

The team sits within the 1st line of defence and provides direct governance and oversight over the key operational and financial crime risks of the businesses. This role will report to the Financial Crime & Fraud Controls Lead for B&I. The candidate will be responsible for managing a wide range of key projects, not limited to developing and enhancing the current 1st line control environment as it relates to Financial Crime.

BSRO Responsibilities:

• Represent B&I as the Business Sanctions Risk Officer (BSRO) to reinforce the message of a strong culture of compliance and controls.
• BSROs promote adherence to applicable economic sanctions laws and regulations, as well as Citi’s ICRM Sanctions Policy, Standards and Guidance, along with Citi’s Financial Crimes Policy.
• Work with other LoB in-business risk and control resources to coordinate key Sanctions control frameworks across the various businesses in Services, Markets and Banking.
• Drive a consistent and holistic approach to Sanctions risk management across B&I.
• Conduct reviews of Sanctions control 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 Sanctions policies/procedures/guidelines and work collaboratively with ICRM Sanctions and other stakeholders to ensure the business operates in line with regulatory requirements.
• Provide sanctions and financial crime subject matter expertise to the B&I businesses and lead on key initiatives, centralizing and coordinating where required.
• Represent the B&I businesses on key control initiatives in Sanctions.
• Identify, monitor, report and resolve any related issues or gaps in the control framework

Other Responsibilities

• Representing B&I on business or compliance led projects as a subject matter expert.
• Act as delegate for the B&I Financial Crime and Fraud Controls lead on key Sanctions committees.
• Lead on the presentation of sanctions matters requiring B&I senior management attention and drive the Sanctions agenda in monthly business governance forums.
• 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.
• Work with other members of the B&I Controls 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 In-Business Risk functional partners, Internal Audit and Compliance Testing to facilitate control remediation efforts and the audit coverage of the business.
• Manage a small team of Financial Crime SMEs and mentor their development in line with Citi leadership principles.
• Assist in coordinating regulatory responses for B&I with respect to sanctions compliance.

Qualifications:

• 15+ years’ experience in Sanctions and/or Financial Crimes risks frameworks (either first or second line of defense)
• People management experience
• Demonstrable problem solving and solutioning skills. Knows how to thoroughly investigate end-to-end to evaluate root causes and propose solutions.
• Understanding of banking products and the inner workings of bank processes
• Knowledge and expertise in Sanctions regulations, risks, and typologies
• Demonstrable experience in implementing Sanctions programs.
• 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