Citi Group Compliance Sanctions Sr Director-US Regulatory Head 

United States, District of Columbia, Washington 

910852035

Serves as a senior compliance risk manager for Independent Compliance Risk Management (ICRM) responsible for managing the relationship with U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), establishing internal strategies, procedures, processes related to monitoring and fostering awareness of sanctions regulatory requirements that 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 support for 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 sanctions related global standards, policies and procedures.Responsibilities:

• Overseeing the design, development, delivery, and maintenance of best-in-class compliance programs and practices for Sanctions. Ensures Citi’s sanctions framework meets global regulatory requirements and is commensurate with the size, complexity, and risk profile of Citi.
• Leading and managing a staff of Compliance professionals, with direct accountability for hiring and organizational structure. Direct oversight for compensation, performance appraisals, staff development, training, etc. Provides input on performance and compensation recommendations for Sanctions officers and utilities that Sanctions related services on a matrix basis.
• Managing the identification and assessment of sanctions risks. Ensures Sanctions compliance risks within Citi are effectively identified, measured, monitored, and controlled, consistent with the bank’s risk appetite statement and all policies and processes established within the risk governance framework
• Directing the development and establishment of Sanctions policies and procedures to mitigate risks. Overseeing compliance risk monitoring and measurement through a control framework and ensuring that reviews are conducted consistently across each entity on a regular basis to confirm that Anti-Bribery and Sanctions controls are identified operating effectively.
• Overseeing the review, research and investigation of transaction activity for regulatory compliance with respect to Trade, Economic and Financial Sanctions including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union and HM Treasury's Financial Sanctions, (collectively referred to herein as "Sanctions"), to meet legislative and regulatory requirements for Citi.
• Remaining up-to-date and abreast of regulatory changes, enforcement trends, emerging risks, industry best practices, and business changes that may impact the Anti-Bribery and Sanctions programs and provide strategic direction for continuous improvement of the programs through the Sanctions Management Team.
• Establishing professional relationships with relevant regulatory bodies and represent Citi and the businesses supported on regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Sanctions issues and oversees the implementation of related remediation.
• 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.
• Additional duties as assigned.

Anticipated Posting Close Date:

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