Sanctions Officer - C09 - Mumbai

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Treasury and Trade Solutions (TTS) is a market leading, award-winning provider of cash management, cards and trade solutions to financial institutions, public sector, and corporate clients around the world. With a global network spanning 90+ countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management. TTS is a highly innovative organization with a strong digital agenda; new products and services are continuously being developed to meet our clients rapidly evolving treasury requirements and unlock new opportunities for growth.

The TTS Sanctions Operations function supports sanctions processes globally across Citi’s TTS business. This function strives to a) Make Sanctions processes a competitive advantage; (b) Drive efficient, agile technology and processes (c) Full compliance to strategic operating model across TTS lines of business (d) Build strong risk / controls focus, ensure minimal surprises and (e) Deliver on all targeted improvement programs.

Overview:

Sanctions Officer - C09 is an entry level role that involves analyzing cases relating to Compliance/AML issues and requires analytical skills and decision making in accordance with Citi internal policies, standards, procedures, and guidelines. The role will require reviewing and resolving potential matches for Payments & Receivables and Trade transactions.

Responsibilities:

• Operate in a fast-paced environment that requires management of work queue.
• Review and provide feedback on potential matches generated by internal systems for various compliance regulations.
• Work closely with Global/Regional Sanctions Ops and Regional Cash/Trade Processing Ops.
• Ensure transactions are processed efficiently, act as a Subject Matter Expert (SME), and recommend process improvements.
• Ensure potential matches are reviewed and resolved in a timely manner while complying with Citi internal policies, standards, procedures, and guidelines.
• Evaluate and recommend solutions to problems through data analysis, technical experience and precedent.
• Anticipate and respond to requests for deliverables from internal and external clients and vendors (if applicable).
• Participate in internal and external audit reviews.
• Identify the root cause of compliance issues identified during the Manager Control Assessment and undertake corrective action to ensure immediate compliance.
• Appropriately assess risk when business decisions are made, demonstrating 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Be flexible for 24X7 & weekends shifts.

Education level and/or relevant experience(s):

• Bachelors’ degree in any subject would be mandatory.
• Experience in Transaction Banking products and handling regulatory / compliance matters.
• 2+ years of relevant regional and/or global experience in a financial institution.

Knowledge and skills

• Effective verbal and written communication and analytical skills.
• Team player and able to work in highly challenging environment.
• Knowledge in cash management, transaction services, sanction compliance.
• Good PC software application knowledge, especially proficiency in Microsoft Office applications.
• Ready to work in Flexible work timing.
• Ability to conduct training.
• Organizational skills, ability to solve problems.
• Making quick and reliable decisions upon completing controls
• Cooperating with other teams in HUB and following the common goal approach
• Identifying and reporting problems to a supervisor.