Trade Sanctions Officer

PowerToFly; Malaysia; On-site; MYR 80,000 - 100,000; Full time

Job summary

A global financial institution in Malaysia is seeking a Level 2 Analyst to support sanctions processes. The ideal candidate should have a Bachelor's degree and over 4 years of experience in Transaction Banking, with strong communication skills in both English and Mandarin. Main responsibilities include analyzing transaction matches against sanctions, engaging with compliance teams, and ensuring timely reporting of compliance issues. This role offers opportunities for career growth and the chance to make a significant impact in a dynamic work environment.

Qualifications

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

Responsibilities

• Analyze matches generated from transactions against sanctions watchlists.
• Review and action matches for compliance related issues.
• Investigate and obtain additional information for decision-making.
• Prepare and compile reports as necessary.

Skills

Strong verbal and written communication in English

Strong verbal and written communication in Mandarin

Good PC software application knowledge

Team player

Organizational skills

Education

Bachelor’s degree

Advanced degree (e.g. Masters, MBA)

Certification like ACAMS

Tools

Microsoft Office applications

Job description

Overview

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.

Responsibilities

In this role, you are expected to:

The role of a Level 2 Analyst involves analyzing matches generated due to transactions or clients onboarding screening against various government prescribed sanctions watchlists, internal lists and any other applicable regulations. This includes determining if there is a true match, performing and documenting detailed analysis and research, requesting more information if required from relevant stakeholders or clients, reporting and escalating cases to compliance team and acting in accordance with the instructions from compliance team. Analysts will be responsible to provide best-in-class service to clients while maintaining risk levels within the firm's risk appetite and protecting the franchise in a manner consistent with Citi policies and risk framework across all TTS lines of businesses.

• Operate in a fast-paced environment that requires management of work queue.
• Review and action matches held for compliance related matches.
• Investigate and obtain additional information to make a sound decision.
• Engage and escalate to various compliance and AML teams when appropriate.
• Prepare and compile reports as applicable.
• Identify repetitive false hits to explore and propose potential optimization opportunities.
• Identify opportunities for process improvement and follow through on implementation.
• Understand payment processing and formats.
• Work closely with Global/Regional Compliance, Transaction Services Business Compliance Officer, CSIS and Legal Counsel on compliance matters (as deemed necessary)
• Work with Client Service Teams to ensure client escalations are addressed timely and such instances are minimized over time.
• Staying abreast of relevant changes to Citi sanctions policies, identifies impact of such changes on TTS procedures and proactively works with internal teams globally to adopt such changes in manner that is consistent with policies and is sustainable on the long run.

Qualifications

• Bachelors’ degree in any subject would be preferred.
• An advanced degree (e.g. Masters, MBA) OR certification like ACAMS would be an advantage.
• Experience in Transaction Banking products and handling regulatory / compliance matters.
• 4+ years of relevant regional and/or global experience in a financial institution.

Knowledge and Skills

• Strong verbal and written communication in English and Mandarin is required.
• Good PC software application knowledge, especially Microsoft Office applications.
• Team player and able to work in highly challenging environment.
• Ready to work in Flexible work timing.
• Good presentation skills.
• Ability to conduct training.
• Organizational skills, ability to solve problems.
• Making quick and reliable decisions upon completing controls.
• Cooperation and daily communication with other Citi branches globally.
• Cooperating with other teams in HUB and following the common goal approach.
• Monitoring of pending items portfolio, ensuring the expected timeliness.
• Identifying and reporting problems to a supervisor.

Additional information

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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!

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