Citi Group TTS Payments Global Sanctions Solutions Head Director 

United States, New York, New York 

27809041

The Global Sanctions Solutions Head is a senior level role responsible for developing the Global framework and program structure for sanctions across the Payments business. The role holder will drive the development of internal procedures and processes, ongoing enhancements to the Global Operating Model, driving the investment strategy for the Payments business in coordination the broader sanction’s compliance team. The overall objective for this role is to develop and implement strategies for sanction compliance supporting a range of clients from high volume digital payments companies to complex multi-national treasuries. The Payments Global Sanctions Solutions Head will manage the Product Sanctions Solutions team and report to the Global Head of Payment Services.

Responsibilities:

• Responsibilities:
• Oversight and maintenance of affirmation of Product Compliance to Sanctions Policy across all Payments Products.
• Designing and implementing technology strategy to support Target Operating Model and ensure ongoing adherence to Policy and regulations.
• Understand digital payment products, trends, and technologies and assess the sanctions risks associated with the same.
• Track emerging trends and typologies and ensure communication to relevant stakeholders.
• Work closely with different Global Payment Business Heads in developing new products for FinTech's, and platform clients.
• Lead the regulatory remediation programs as required.
• Provide global TTS Product Development and Payment Operations teams with day-to-day support on sanction compliance matters relating to client on-boarding and maintenance (including implementations and processing rules), product and service launches, and client issue escalations/ exits.
• Utilize information from global regulatory changes, new regulations, and internal policy changes to further identify new key risk areas.
• Utilize specialty knowledge to review, analyze, and develop beyond existing solutions
• Establish and maintain relationships with risk, business risk, compliance, and other relevant groups within Citi, as well as develop and ensure execution of the business strategy, and manage risk and compliance
• Partner with other global, regional, and country leaders to share best practices and drive business strategies, solutions, and client centric solutions to differentiate Citi in the marketplace and achieve substantial growth targets for the business
• Attract, motivate, develop, and retain executive talent
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to 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 accountability with those who fail to maintain these standards.

Qualifications:

• 10+ years of relevant work experience within a medium or large Financial Institution, or regulatory body.
• 3+ years work experience in sanctions compliance, risk, or a control-related function
• Significant experience within payments and cash management businesses, with a particular focus on product management, development, operations, and technology functions
• Knowledge of sanctions laws and regulations, including a general and broad understanding of key sanctions and reputational risks required
• Demonstrated knowledge and experience with the industry, banking, and investment products
• Knowledge of industry and competitor products/services
• Consistently demonstrates clear and concise written and verbal communication
• Demonstrated internal and external negotiation skills

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

Skills and Competencies:

• Solid Understanding of sanctions. Experience/ knowledge of payment products and services. (Strong background in Cash operations or Cash Customer Service is a plus.)
• Good understanding of the emerging e-commerce and Fintech space
• Good understanding and comfort with technology, data analytics, etc.
• Knowledge and experience in sanctions within an international environment
• Ability to draw conclusions from a comprehensive assessment of multiple data points and express those conclusions clearly and succinctly to senior management in the business and in sanctions compliance.
• Aptitude to independently determine what is material, relevant and actionable.
• Strong collaboration skills and ability to work closely with stakeholders in the business. Ability to ensure sound risk management practices while recognizing and demonstrating sensitivity to competing interests.
• Ability to identify and assess the long-term effects of decisions and solutions on customers and the business.
• Ability to maintain composure under pressure, present a credible challenge to the business and when required, articulate difficult positions to clients.
• Comfort and confidence presenting at Citi compliance summits and other similar events.
• Successfully employs personal curiosity.
• Excellent work ethic (respectful, considerate, self-motivated, can work independently without supervision, works well under pressure, readily adapts to changing work priorities).

Anticipated Posting Close Date:

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