Treasury and Trade Solutions (TTS) Sanctions Risk Senior Vice President (SVP)

Team/Role Overview

The Financial Crimes Risk team is part of the first line Risk & Controls function and is responsible for ensuring proactive, effective, and sustainable financial crimes risk management within the Services business which is one of Citi’s five interconnected businesses lines.

The TTS Global Sanctions Risk SVP is a first line role responsible for supporting TTS businesses in managing and mitigating sanctions risks. The individual in this role will work with the global and regional Products, Business Risk, Operations, Technology and Compliance teams to identify and assess emerging and existing sanctions risks, evaluate the effectiveness of existing sanctions processes and controls, and participate in, and oversee, control enhancements where needed. The individual is required to provide governance, and oversight to ensure that implementation of controls is effective and consistent with Citi standards and applicable law. Further, the individual will ensure that control issues are promptly identified and appropriately escalated, and are being addressed in a robust, consistent, and timely manner. The individual will also work with counterparts across other Citi lines of business to share control best practices and support management of sanctions risk holistically across the firm.

This role reports to the TTS Global Sanctions Risk Head, and forms part of the Financial Crimes Risk function within Services Global Financial Crime Risk. The goal of the Services Financial Crime Risk team is to help establish and maintain a robust Financial Crime control environment and culture across the Services businesses globally. 

Responsibilities:

• Understand business-owned products, and services, as well as corresponding sanctions-related controls, and sanctions processes (e.g., customer, relationship, and transactional screening).
• Provide sanctions subject matter expertise to the TTS businesses on key sanctions laws, regulations and provide advice to ensure effective control design both at product and process level.
• 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.
• Create & maintain a robust partnership with the second line of defense.
• Escalate, assist management and reporting of control issues.
• Supervise robust execution of Sanctions controls.
• Represents the Services Financial Crime team in relevant governance forums (e.g., Global Sanctions Management Committee (“GSMC”) and Services Risk and Compliance Forums where appropriate.
• Drive a consistent and holistic approach to sanctions and wider Financial Crimes risk management across TTS.
• 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 collaboratively with TTS 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.
• Prepare and provide regular updates to senior management and various governance committees on sanctions developments, emerging risks, control issues and/or enhancements.
• Work with other Financial Crime Risk teams to ensure a consistent holistic approach to sanctions risk management.

Qualifications & skills:

• 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 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.

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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