The Cash & Trade Proc Int Assoc Analyst is an entry level role responsible for assisting on any projects and initiatives related to cash management in coordination with the Transaction Services team. The overall objective is to ensure transactions are completed with accuracy and on time, while helping various internal roles related to cash management.
Responsibilities:
A B11 OFAC Analyst is responsible for reviewing and researching funds transfer that contain potential matches to government sanctions or internal watch list. This includes determining if there is a true match, performing and documenting research, and escalating to compliance units when appropriate. In addition, they are responsible for several key functions beyond the standard analyst position. Responsible for a small team within the OFAC space.
- Monitor and ensure transactions processes are executed correctly and are compliant with internal policies and controls
- Assist in the investigation, documentation and corrective action implementation of all required issues as directed
- Aid with the transition, alignment, and stabilization efforts of critical operations functions
- Assist as required for control, risk, daily activities, and transaction services projects
- Provide informal guidance or on the job training to new team members as required
- Cross-train for various internal roles within the department, and provide back-up coverage for those roles as needed
- Anticipate and respond to requests for deliverables from internal and external clients and vendors
- 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.
- Review and action payment transactions held for sanction related matches
- Investigate and obtain additional information to make a sound decision
- Engage and escalate to various compliance and AML teams when appropriate
- Identify repetitive false hits and create managed exceptions.
- Accounting/Reconcilement of Citi’s OFAC Blocked Accounts.
- Regulatory Reporting.
- Interpreting and applying and OFAC licenses.
- Aged investigation reviews
- External Reject Monitoring.
- Identify opportunities for process improvement and follow through on implementation
- Support the B10 population in terms of alert questions, case work, email replies, and current/aged holds as the first-level escalation point
- Complete and send daily holds assignments and aged holds to the investigation team, as priority each morning.
- Complete monthly schedule/closing rotation for the entire team, considering individual requests, vacations, flex time, etc.
Qualifications:
- Self-motivated with strong time management skills
- Analytical and deductive reasoning skills
- Banking and payment knowledge including Swift, FED, and CHIPS is preferred
- Understanding of regulatory practices in AML, OFAC and sanctions is preferred
- Ability to work in high-volume, high pressure processing environment
- Ability to multi-task and prioritize
- Flexible and able to shift between different functions quickly and efficiently
- Strong verbal and written communication
- Related experience in funds transfer and/or sanction screening
- Strong computer skills including Word and Excel
- College degree preferred
- Must be able to work occasional weekends
Education:
- Bachelor’s/University degree or equivalent experience
Primary Location: NAM-USA-Buffalo
Job Category: Transaction Processing
Schedule: Full-time
Shift: Day Job -Monday - Friday 9:00am- 5:30 pm
Employee Status: Regular
Travel: No
Grade/Level: B11
Relocation: No
Office Location / Address: 540 CrossPoint Parkway, Getzville, NY
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Operations - Transaction Services------------------------------------------------------
Job Family:
Cash Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Getzville New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$55,341.00 - $73,050.00
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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Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Anticipated Posting Close Date:
Jul 03, 2025------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
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