GF Chief Sanctions Officer (Singapore) Director

Citibank - More jobs by this advertiser
GF Chief Sanctions Officer (Singapore) Director-18042987

GF - Chief Sanctions Officer (Singapore) – Director




About Citi:


Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.


Citi’s Mission and Value Proposition  explain what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.


Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.


General Responsibilities:

  • Design, develop, deliver, and maintain best-in-class Sanctions Compliance policies and practices; provide a mechanism for identifying key sanctions risks and how the mitigation of those risks would be monitored and measured through a robust control framework in Singapore. Ensure that reviews are conducted consistently across each entity on a regular basis to ensure that the controls identified are operating effectively.  Act as an Economic Sanctions Subject Matter Expert in Singapore responsible for overseeing the bank’s risk-taking activities.
  • Manages a specialized teams of Independent Compliance Risk (ICRM) officers in Singapore responsible for the execution of Program activities. Develops, attracts, and retains talent; recommends staffing levels required to carry out the unit’s role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs; Responsible for the review of complex transactions and deals.
  • Provide oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other senior stakeholders inSingapore. Provide advice to the businesses on an ongoing basis on new Business initiatives, new products, business acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations.
  • Act as the main point of contact for US and foreign regulators and Citi internal audit staff for Singapore Sanctions matters, as appropriate, including coordinating Sanctions-related examinations, audit and reviews, document production, and issue responses.
  • Act as the main point of contact for US and foreign regulators and Citi internal audit staff for Singapore Sanctions matters, as appropriate, including coordinating Sanctions-related examinations, audit and reviews, document production, and issue responses.
  • Reviews and approves OFAC Administrative Subpoenas, Voluntary Self
  • Disclosures and relevant regulatory correspondence.
  • Monitors adherence to Citi’s Global Sanctions Policy and relevant procedures in Singapore; is up to date on key Sanctions regulatory changes, key enforcement actions and related industry trends.
  • Identifies and escalates to the Chief Sanctions Officer material risks and significant instances of non-adherence to the Framework by accountable front line units; directs investigations in coordination with GIU, CSIS, Legal, HR or as appropriate.
  • Interacts with Senior Management to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program; supervises the preparation of materials for the Board or relevant management/risk committees.
  • Participate in and manage or coordinate, as appropriate, various internal assurance processes, e.g. Regional Enterprise wide and Horizontal risk assessments, self-assessment, internal audit or compliance assurance reviews.
  • Additional duties as assigned.

Specific Responsibilities:

  • Acts as the single escalation point in country, representing Sanctions program globally in relation to all projects, escalations, issues and policy changes.
  • The employee consistently compares different scenarios and are required to weigh up risk, with impact on Compliance and Operations functions as well as the Business, and the impact it may potentially have on the financial success of their products.
  • Promotes that the Singapore franchise is aligned to Global requirements
  • That Policy interpretations for Sanctions are consistent and adapted/exemptions are given providing the mitigating controls in place meet the programs risk appetite. Demonstrates the ability to change internal Sanctions procedures, or Operations Business procedures to ensure sanctions policy is being complied with.
  • Advises and execute on processes designed to address new sanctions legislation.
  • Constantly advises Business on Sanctions legal and program requirements with regards to client onboarding, transactions, and emerging risks. As well as significant issues. The individual leads the re-engineering projects for Sanctions highlighted as priorities.
  • Investigates and resolves matters of serious issues relating to sensitive sanctions gaps/procedural failures and the threat of enforcement action by regulators.



  • 11+ years of experience in banking compliance, legal or other control-related function in the financial services industry;
  • Extensive knowledge and expertise of AML and Sanctions regulations, risks and typologies;
  • Experience in the design and implementation of Sanctions technology;
  • Experience in managing regulatory exams and relationships with examiners, auditors, etc.
  • Awareness of regulatory requirements including local and US laws, international and industry
  • standards
  • Prior experience managing a team of diverse professionals
  • An ability to lead and influence people across cultures at a senior level using sound judgment,
  • successful execution of strategies; and with an understanding of how to operate effectively
  • across diverse businesses;
  • Highly motivated, strong attention to detail, team oriented, organized
  • Excellent written, verbal and analytical skills
  • Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
  • Ability to interact and communicate effectively with senior leaders; comfortable with acting
  • as one of senior managements main points of contact

If you would like to apply to this job, please apply directly.


26 June 2019
Location: Singapore Singapore
Work type:
Full time
Banking and Financial Services
PLEASE! No enquiries from Recruitment Agencies or Headhunters.

Only direct applications will be considered.

This career opportunity is no longer open.
Please search for current vacancies here.

Bookmark and Share
  • Previous Next

This website uses cookies

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.
I agree
Read more