Sanctions Operations Analyst
Review and disposition of Alerts generated through the screening of transactions and customers against the Sanctions List issued by the regulators. The position has decision-making over escalation/closure of cases. Serves as an operations analyst for CSC Cash Operations for Latam responsible for enforcing internal strategies, policies, procedures, processes related to monitoring and escalation of sanctions alerts and regulatory requirements that Citi must comply with. The position must also assess related sanctions risk exposure, self-manage the quality of sanctions control processes and enforcing that all processes/geographies comply with global standards and ensure those sanctions risks are properly managed and mitigated in order to 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:
- Analyzing alerts customers/transactions with Sanction Screening list during the account opening, before a transaction is processed or received and/or during account maintenance.
- Report unusual client activities that might be related to sanctioned individuals, money laundering or terrorist financing.
- Conducting searches and recording evidence from internal systems, the internet, commercial databases and enquiry with business or Compliance contacts within the organization.
- Accumulating facts from investigations that will be utilized for Senior Management presentations, Compliance, Internal Audit or any other related stakeholder to determine the compliance of a customer/transaction with Citi and regulation policies.
- Ensure that all alert analysis and investigations are performed within timeframe provided in the policy and stipulated in the SLA’s with the countries.
- 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.
- Interacting with relevant teams to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program.
- 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.
- Making recommendations to the design and maintenance of a comprehensive written Operations Sanctions Framework (procedures and policies).
- Identifying and escalating material risks and significant instances of not adherence to the Framework by accountable front line units.
- Overseeing adherence to procedures and processes, to ensure compliance with policies ensuring that front line units meet required standards
- Supporting efforts in connection Internal Audit and functional regulators in Program exams and evaluations; tracks and challenges remedial actions from the front line units.
- 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.
Qualifications:
- Excellent analytical and problem solving techniques.
- Knowledge of AML and Sanctions regulations, risks and typologies
- Knowledge of Compliance laws, rules, regulations, risks and typologies
- Excellent written and verbal communication skills.
- Bi-lingual skills (English and Spanish) required, Portuguese language skills a plus.
- 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 project management and organizational skills and capability to handle multiple projects at one time
- Proficient in MS Office applications (Excel, Word, PowerPoint)
- 3 years of banking experience
Education:
- Bachelor’s/University 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.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Citi Colombia is committed to equal opportunity, non-discrimination, and the creation of accessible and inclusive workplaces. In accordance with applicable Colombian regulation on the labor inclusion of persons with disabilities, candidates who are in a disability situation and hold an official disability certification issued under the procedure defined by the Ministry of Health and Social Protection are invited to disclose this information voluntarily during the application process, so that, where appropriate, reasonable accommodations, accessibility support, disability quota compliance and internal compliance controls may be facilitated. Any information shared will be treated as sensitive personal data, with restricted access and solely for the legitimate purposes of inclusive recruitment, accessibility, support, and regulatory compliance, in accordance with applicable law and Citi internal policies. The decision to share this information is voluntary and will not affect merit-based assessment, consideration for the role, or equal opportunity in the selection process.
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Job Family Group:
Operations - Transaction Services------------------------------------------------------
Job Family:
Transaction Capture Services------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
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Other Relevant Skills
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