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Serves as a senior compliance risk analyst 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.
Specific responsibilities include:
Review Functional Requirements (FRD) from Technology Teams and ensure Business Requirements (BRD) have been understood and documented correctly, understanding any cross functional impact with other applications;
Analyze business, functional and system design documentation of new products, changes and system enhancements to define test scope.
Design and develop comprehensive test plans, test cases and test scripts, incorporating a suite of pre-existent test cases;
Defect tracking and reporting;
Create UAT Management Summary Reports, highlighting any release timeline risk and documenting risk mitigation plans;
Maintain and own formal UAT documentation, from creation through to project closure;
Conduct Post Production Implementation Reviews to understand any defect leakage from UAT; implement lessons learned
Analyzing comparative data, preparing and presenting regional and global reports related to sanctions risk assessments, and monitoring of sanctions related issues and escalations with senior management and global partners.
Supporting a specialized team of Independent Compliance Risk (ICRM) officers responsible for program execution activities.
Contributing to the design and maintenance of a comprehensive written ICRM Sanctions Framework (standards and policies).
Partnering with functional partners and key stakeholders – regionally and globally, as applicable, to ensure potential risks are identified during due diligence, or escalated on an ad hoc basis, 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 GIU, 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.
Overseeing adherence to procedures and processes, to ensure compliance with policies ensuring that front line units meet required standards.
Interacting with relevant teams to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program.
Supporting efforts in connection Internal Audit and functional regulators in Program exams and evaluations; tracks and challenges remedial actions from the front line units.
Drafting and editing sanctions-related reference materials; support the various electronic record-keeping logs for sanctions licenses, voluntary disclosures; subpoenas etc.; participate in sanctions training programs.
Additional duties as assigned.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Company, 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.
Robust knowledge of the Software Development Life Cycle (SDLC) process
Robust knowledge of waterfall and iterative development methodologies
Proficient in HPQC / Application Lifecylce Management tool (ALM) and JIRA
Proficiency in SQL
Knowledge of XML
Preferably expertise of AML and Sanctions regulations, risks and typologies
Knowledge of Compliance laws, rules, regulations, risks and typologies
Excellent written and verbal communication skills
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
Work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization
Excellent project management and organizational skills and capability to handle multiple projects at one time
Proficient in MS Office applications (Excel, Word, PowerPoint) 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; Advanced degree preferred
Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - US
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