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Posted Feb 24
Citi

Assistant General Counsel – Economic Sanctions

Washington, DC, United States Full Time

  • Primary Location: United States,District of Columbia,Washington
  • Education: Doctorate Degree
  • Job Function: Legal
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 17010518

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 Propositionexplains 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.

The Assistant General Counsel for Economic Sanctions will report to the General Counsel for Economic Sanctions in the Corporate Legal Department. The individual will principally be responsible for providing legal advice on economic sanctions issues, and also will provide support relating to the requirements of the U.S. Foreign Corrupt Practices Act (“FCPA”) and other anti-bribery and corruption (“AB&C”) laws and U.S. anti-boycott laws. The primary responsibility in this position will be to review, evaluate, and support business transactions, mergers and acquisitions, new products, regulatory filings, and sanctions compliance policies, procedures, controls, and initiatives. The individual also will handle U.S. law enforcement and regulatory inquiries and investigations related to economic sanctions. As this is a global role, the economic sanctions issues will emanate from around the world and will require close coordination with the involved business, the relevant regional compliance professionals, and local country counsel. The Assistant General Counsel for Economic Sanctions will be expected to interact with these individuals as well as the rest of the Compliance and Legal team to ensure that Citi’s policies, procedures, and controls are applied effectively and consistently across Citi businesses and geographies, while complying with applicable legal requirements.

The Assistant General Counsel for Economic Sanctions must be able to analyze financial records; apply relevant economic sanctions, AB&C, and anti-boycott laws and regulations to the specific inquiry or matter; draft necessary memoranda, summaries or other written guidance; and communicate verbally and in writing in a clear and concise manner. The candidate for this position should possess specific experience dealing with sanctions programs as well as the government agencies that administer and enforce them. Previous sanctions, AB&C, and anti-boycott experience in the financial services industry is highly desirable; previous sanctions-, AB&C-, and/or anti-boycott-related government experience is a plus.

Solid judgment is an absolute requisite. Excellent interpersonal and verbal communication skills are critical as the individual in this position will have regular contact with senior business managers, attorneys, law enforcement professionals, and regulators. The Assistant General Counsel for Economic Sanctions also must be someone who is comfortable working in a collaborative, fast-paced corporate setting.

Qualifications

• Law degree is required.

• Minimum of five years prior economic sanctions legal experience, with firm knowledge of the sanctions programs administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control and functional knowledge of supra-jurisdictional sanctions programs.

• Previous sanctions-, AB&C-, and/or anti-boycott-related government experience is a plus.

• Work experience with international financial services firm or regulatory organization a plus.

• Must be comfortable dealing with senior business managers, attorneys, law enforcement professionals and regulators on a daily basis.

• Must be capable of independently researching and analyzing sanctions, AB&C, and anti-boycott legal issues and providing clear guidance to the involved businesses and Compliance professionals.

• Previous experience handling regulatory filings such as subpoena responses, guidance requests, and license applications is a plus.

• Must be a highly-motivated self-starter who will thrive in a collaborative, fast-paced working environment.

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