Services Business Sanctions Risk - Vice President at Citi

Mumbai, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

11 Apr, 26

Salary

0.0

Posted On

11 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sanctions Risk, Financial Crimes, Compliance, Risk Management, Stakeholder Management, Analytical Thinking, Policy and Regulation, Issue Management, Control Design, Business Acumen, Escalation Management, Interpersonal Skills, Communication Skills, AML Compliance, Operational Risk, Trade Finance

Industry

Financial Services

Description

Understand business-owned products, and services, as well as corresponding sanctions-related controls, and sanctions processes (e.g., customer, relationship, and transactional screening). Provide subject matter expertise to the Services businesses to ensure effective control design both at product and process level aligning to sanctions laws & regulations. Monitor and track Sanctions risk issues across Services businesses. Assist in effective management and reporting of control issues. Assess complex Sanctions risk issues as needed, structure potential solutions, and drive effective resolution with other senior stakeholders. Drive execution, always mindful of the firm's reputation, its clients and compliance with applicable laws, rules, and regulations. Ensure adherence to Policy at all times and identify any potential gaps. Supervise robust execution of Sanctions controls. Drive a consistent and holistic approach to sanctions and wider Financial Crimes risk management across Services. Work collaboratively with Product teams, Operations, and Technology to assess sanctions risks on a client and product basis and evaluate sanctions controls. Support design and implementation of control enhancements, where needed. Conduct reviews of sanctions processes and procedures to ensure policy requirements are fit for purpose and have been implemented consistently, with appropriate supporting documentation. Maintain current knowledge and understanding of new and changing sanctions requirements and continuously reassess the impact on the TTS clients, products, and services. Serve as an escalation point for issues or emerging risks to work with the business, Operations, and others to remediate. Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans. Work with other Financial Crime Risk teams to ensure a consistent holistic approach to sanctions risk management. Bachelor's/University degree required, Master's degree desirable. 10+ years' experience in sanctions risks frameworks, including trade sanctions and export controls (either first or second line of defense). Financial Crime certification preferred (ACAMS, ACSS etc.). Strong professional experience in Financial Services, in AML/Sanctions Compliance or Business/Product Operations and/or Risk & Controls with focus on Financial Crimes Risks. Knowledge and understanding of Custody, Payments, Correspondent Banking, Trade Finance, Working Capital, and Liquidity Management products. Strong interpersonal skills. Ability to build effective relationships with key stakeholders. Able to work independently and deliver according to strict timelines and quality standards. Demonstrated ability and confidence to challenge business management, escalate issues and press for change. Good oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders. Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management. ------------------------------------------------------ For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------

Responsibilities

The role involves providing subject matter expertise on sanctions-related controls and processes, monitoring sanctions risk issues, and ensuring effective management and reporting of control issues. Additionally, the candidate will assess complex sanctions risk issues and drive effective resolutions while maintaining adherence to policies and regulations.