Sanctions Operations Analyst Bilingual

About the role

The role involves reviewing and disposition of alerts generated through the screening of transactions and customers against the Sanctions List issued by the regulators. Decision-making over escalation/closure of cases is part of the responsibilities.

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.
• Reporting 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.
• Ensuring that all alert analysis and investigations are performed within timeframe provided in the policy and stipulated in the SLA’s with the countries.
• Maintaining awareness of 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.
• 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.

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).
• 0-2 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.