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We’re currently looking for a high caliber professional to join our team as Senior Vice President, Sanctions Manager-Citibank Malaysia (Hybrid) (Internal Job Title: Sanctions Group Manager - C14) based in Kuala Lumpur, Malaysia. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
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Serves as a senior 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.
Responsibilities:
- Executing and implementing firm-wide sanctions risk management policy as well as the strategic ICRM direction; maintaining the AML compliance program for the businesses (assessment of risks, development of policies, procedures, governance).
- Designing and maintaining elements of the ICRM Sanctions Framework; Advising and overseeing adherence to procedures and processes for compliance by front line units meet required standards; Directing technology solutions that enable effective and efficient compliance risk management solutions.
- Supporting investigations and interactions with the U.S. Treasury Departments' Office of Foreign Assets Control (OFAC) and/or local government authorities.
- Monitoring adherence to Citi’s Global Sanctions Policy and relevant procedures to verify adherence to applicable requirements. Working closely with ICRM Compliance Assurance and Internal Audit in the evaluation of results and proposed remedial actions, identifying opportunities to conduct more targeted comprehensive reviews. Identifying and escalating to the Chief Sanctions Officer material risks and significant instances of not adherence to the Framework by accountable front-line units; directing investigations in coordination with GIU, CSIS, Legal, HR or as appropriate.
- Working collaboratively within team and more broadly across business/functional line management to assess complex issues, structure potential solutions and drive effective resolution within permissible statutory and regulatory frameworks.
- 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 auditor compliance assurance reviews for Sanctions and AML
- Analyzing data, preparing and presenting regional and global reports related to sanctions risk assessments, and monitoring of sanctions & AML related issues and escalations with senior management and global partners.
- Identify new and review existing Regulatory Inventory to confirm inclusion of all Sanctions & AML laws, rules, and regulations (LRRs) for the country and legal vehicles.
- Managing the Sanctions local & OFAC regulatory reporting under the ICRM Regulatory Reporting frameworks.
- Analyze impact of regulatory changes, develop and oversee action plans to achieve compliance across impacted business lines/functions.
- Drafting and editing Sanctions and AML related reference materials & trainings; supporting the various electronic record-keeping logs.
- Prepare Sanctions & AML related trend reports for the CCC or other applicable governance forums.
Additional duties as assigned.
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.
Qualifications:
- 12-15 years of relevant experience
- Expertise of AML and Sanctions regulations, risks and typologies
- Expertise of Compliance laws, rules, regulations, risks and typologies
- Excellent written, verbal and analytical skills
- Must be a self-starter, flexible, innovative and adaptive
- Highly motivated, strong attention to detail, team oriented, organized
- Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
- Ability to work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level
- Experience in managing regulatory exams and relationships with examiners, auditors, etc.
- Awareness of regulatory requirements including local and US laws, international and industry standards
Education:
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 working in an OFAC risk product (treasury/cash management, trade, correspondent banking) role; Advanced degree preferred
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today https://jobs.citi.com/dei
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Job Family Group:
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Job Family:
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Time Type:
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The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.
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Healthcare Strength — Health coverage is presented as comprehensive, including free in-network preventive care, mental-health resources, and the Be Well Program. Materials also state new hires have access to health and insurance benefits from the outset.
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Retirement Support — The retirement plan offers a $1-for-$1 match up to 6% of eligible pay. New employees are eligible for the plan, with automatic enrollment after 90 days if they do not enroll themselves.
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Inclusive Benefits Coverage — Benefits highlight fertility treatment coverage, adoption/surrogacy reimbursement up to $30,000, and disability coverage. Coverage extends to spouses and domestic partners regardless of gender identity or sexuality, with gender-affirming care-related support noted.
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