Citigroup Compliance Sanctions Senior Analyst in Istanbul, Turkey
The Incumbent will serve as a compliance risk manager for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, 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.
Working collaboratively with the team to provide advice to business with respect to applicability of policies and implementation of the economic sanctions program and regulatory changes.
Managing a specialized team of Compliance professionals responsible for program execution activities. Oversight for compensation, performance appraisals, staff development, training, etc.
Providing input on new business initiatives, new products, and advising on complex transactions.
Partnering with functional partners, as applicable, to ensure potential risks are appropriately vetted and addressed. Identifying and escalating to the Chief Sanctions Officer material risks and significant instances of not adherence to the Framework by accountable front line units; directs investigations in coordination with GFCII, CSIS, Legal, HR or as appropriate.
Monitoring adherence to Citi’s Global Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends.
Following local sanctions regulatory requirements, developments and get required actions.
Overseeing adherence to procedures and processes, to ensure compliance with policies ensuring that front line units meet required standards. Promoting global consistency of Sanctions ICRM practices and policies – within the line of business as well as cross-sector.
Interacting with Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program. Assessing the impact of issues/violations (legal/regulatory, policy, reputational, etc.) and dimensions control process gaps to help management define disciplinary and corrective actions, as appropriate.
Participating in and managing, as appropriate, various internal assurance processes, e.g. Regional Enterprise wide and Horizontal risk assessments, self-assessment, internal audit or compliance assurance reviews. Supporting efforts in connection with Internal Audit and functional regulators in Program exams and evaluations; tracking and challenging remedial actions from the front line units.
Drafting and editing sanctions-related reference materials; supporting the various electronic record-keeping logs for sanctions licenses, voluntary disclosures; subpoenas etc.; participating in sanctions training programs.
Additional duties as assigned.
Appropriately assess risk when business decisions are made
Key Skills and qualifications:
Preferably expertise of AML and Sanctions regulations, risks and typologies
Knowledge of Compliance laws, rules, regulations, risks and typologies
Turkish knowledge is mandatory due to regulatory requirements of the role.
Must be a self-starter, flexible, innovative and adaptive
Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
Strong written and verbal communication and interpersonal skills
Ability to both work collaboratively and independently; ability to navigate a complex organization
Advanced analytical skills
Ability to both work independently and collaborate with team members
Excellent project management and organizational skills and capability to handle multiple projects at one time
Proficient in MS Office applications (Excel, Word, PowerPoint)
Demonstrated knowledge in area of focus
- Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus; previous experience managing staff; Advanced degree preferred
What we offer
An enjoyable and challenging learning path, which leads to a deep understanding of Citi’s products and services as well as development of your personal skills.
Working on international projects, in a culturally diverse and dynamic environment as well as learning top quality organizational culture.
Competitive social benefits (medical care, multisport, life insurance, award-winning pension plan, holiday allowance, hybrid work model, maternity/paternity scheme and other).
Consideration for a discretionary bonus
Management supporting balanced and agile work (flexible working hours, hybrid work)
A chance to make a difference with various affinity networks and charity initiatives
Job Family Group:
Compliance and Control
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Citi is an equal opportunity and affirmative action employer.
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