Citi Group Assistant Vice President Sanctions Operations Processing 

Malaysia, Penang 

751614721

At

The role of an Assistant Vice President, Sanctions Operations Processing involves analyzing complex cases relating to Compliance/AML issues and requires extensive analytical skills and research capabilities. The role will be required to carry out research on companies and their business to find out potential sanction related issues. Detailed analysis on Line of Business of Entities and inputs from intelligence sources on the shipment will also be required to be done to ensure that there are no AML/Fraud concerns. This research and analysis will be done in accordance with Group’s laid down policies and procedures. The role also requires a thorough understanding of US Sanctions program and Citi’s policy and standards designed around this regulatory check in order. The role also requires oneself to build knowledge and expertise on global trends in Compliance and AML. The role requires a senior analyst to be a subject matter expert on all compliance related policies and standards applicable to trade operations. The senior analyst should conduct training for operations staff and impart understanding of various compliance checks applicable to their area of work.

In this role, you’re expected to:

• Review and provide feedback on transactions escalated by processors related to various compliance regulations.

• Prepare /Submit Reports to respective business units and retain records of U.S Anti-boycott Regulations, Sanctions violations, U.S. Export Control, potential money laundering situations on a monthly/quarterly basis.

• Work closely with Global/Regional Compliance, Transaction Services Business Compliance Officer, CSIS and Legal Counsel on compliance matters (as deemed necessary)

• Ensure timely update of Compliance Screening Procedures upon receipt of a communication from Global information sources.

• Prepare annual compliance plan and training schedule to ensure yearly compliance training requirements are met.

• Update Compliance training materials to reflect the current trends.

• Conduct Compliance trainings sessions like Annual Compliance Refresher and any other training required on changes to various compliance checks applicable to operations.

• Articulates various compliance guidance’s published by global compliance/controls and explains the same to operations staff to raise overall Compliance awareness by publishing of bulletins, quizzes etc.

• Participate in internal and external audit reviews and ensure deliverables are submitted to auditors in timely manner.

• Participate and coordinate in global compliance initiatives.

• Contribute in drafting and implementation of Global Operating procedures for various compliance policies and standards for CTSM Trade Ops in order to streamline compliance checks globally for trade operations.

• Work closely with Global counterparts on closure of any Matters Requiring Attention (MRA’s) which are issued by regulator like OCC.

• Identify root cause analysis for compliance issues identified during Manager Control Assessment and undertake corrective action for immediate compliance.

• Highlight compliance checks and resolutions related issues observed to the relevant units and their department heads in operations in order to draw senior attention.

• Contribute to process improvement measures to serve our internal clients better.

• Train new staff in the team and ensure that they are up the learning curve quickly.

As a successful candidate, you’d ideally have the following skills and exposure:

• Relatively well versed with all aspects of trade operations or compliance with at least 7-10 years of experience.

• A recognized tertiary qualification in Banking, Business, Finance, Economics, Accounting or Management.

• Good PC software application knowledge.

• Effective communication and interpersonal skill.

• Collaborator and able to work in highly challenging environment.

• Ready to work in Flexible work timing.

• Good intaking initiative proactively.

• Good presentation skills.

• Ability to conduct training.

Time Type:

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