SVP, Senior AML Compliance Officer - Treasury and Trade Solutions (TTS)

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Job Id: 22444292

Overview of Citi:

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. 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. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Role Overview:

The Senior Compliance Anti-Money Laundering (AML) Risk Management Officer is a senior level position responsible for establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader AML team. The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data or result and formulate strategic recommendations on policies, procedures, and practices.

Responsibilities:

• Execute and implement firm-wide AML risk management policy and strategic direction
• Maintain AML compliance program for the business including assessment of risks and the development of policies, procedures, and governance
• Identify and assess risk, vulnerabilities, and opportunities for efficient and effective risk coverage
• Work within team and across business/functional line management to assess complex issues, structure potential solutions, and drive effective resolution within permissible statutory and regulatory frameworks
• Analyze data, prepare and present regional/global reports related to AML risk assessments
• Monitor AML related issues and escalations with senior management and global partners
• Evaluate and respond to escalated matters, further escalate as required, and advise senior management on next steps as needed
• Appropriately assess risk when business decisions are made, demonstrating particular 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
  

Qualifications:

• Extensive experience within AML regulations, risks and typologies, including those specific to commercial banking products.
• Proven experience with AML risk management practices and internal control functions and understanding of Citi AML policies and procedures and operations.
• Knowledge of EMEA, US and APAC AML laws and regulations and FATF recommendations.
• Understand payment products, trends, typologies, and technologies and assess the AML risks associated with them.
• Bachelor’s Degree required.
• Fluency in spoken and written English required.
• Ability to lead and influence people across cultures using sound judgment, and with an understanding of how to operate effectively across diverse businesses.
• Ability to interact in a geographically dispersed team of AML subject matter experts and banking professionals.
• Candidates must work collaboratively and creatively with CCB, BCMA and AML, in a matrix environment, providing compliance guidance, risk management judgment and administering the company’s Compliance policies/procedures in a timely manner.
• Excellent written and verbal communication and analytical skills.
  

Education:

• Bachelor’s degree/University degree or equivalent experience
  

Our vast range of diversity networks and on site multi faith room demonstrates Citi’s commitment to growing a diverse workforce.

• Act and manage a team of AML professionals regionally. Looking after Citi’s Digital payments customers in Treasury and Trade Solutions (TTS) and provides support to all businesses that use the (TTS) payments systems.
• Support the AML regional lead in governance and oversight of the program.
• Lead and join regional and/or local, and if required global governance committees for TTS.
• Act as the point of escalation for all NAM AML issues relating to TTS Digital Customers.
• Lead efforts within AML, working with cross-LOB teams including Product, Operations and Technology, to establish global standards and document known variations within country regulatory environments.
• Understand digital payment products, trends, typologies, and technologies and assess the AML and Fraud risks associated with the same.
• Identify unusual/suspicious activity based on AML red flag / typologies knowledge and provide a clear and concise analysis of material findings.
• Track emerging trends and typologies and ensure communication to relevant stakeholders.
• Work closely with the business governance committees to develop and perform targeted risk reviews designed to identify risks, trends, and patterns associated with clients conducting third-party cross-border payments using advanced analytics and integrating industry insights, Citi internal information, and timely transactional data.
• Provide TTS Product Development and Payment Operations teams with day-to-day support on AML compliance matters relating to client on-boarding and maintenance (including implementations and processing rules), product and service launches, and client issue escalations/ exits.
• Collaborate with global stakeholders including AML Technology, Monitoring Risk Management and Operations to mitigate AML and Terrorist Financing risks.
• Utilize information from global regulatory changes, new regulations, and internal policy changes to further identify new key risk areas
• Analyze comparative data, prepare and present reports related to AML risk assessments, and monitor AML related issues and escalations.
• Develop approaches/ action plans to compliance and control issues by weighing various alternatives and balancing potentially conflicting situations.
• Drive the development and deployment of AML related training for TTS Product Development and Payment Operations teams as needed.
• Drive process improvement by identifying, analyzing and improving existing business processes to optimize performance, meet best practice standards and improve quality whilst considering any risk implications.
• Assist with building a strategic compliance framework that will support the expected business growth.
• Assist in the risk-assessment of proposed products, markets and counterparties (clients, partners and affiliates)
• Conduct due diligence and risk assessment of our accounts and clients/partners.
• Provide guidance and support for cross-functional ad-hoc projects, including leading on project work streams as needed, which arise from time to time out of regulatory or environmental changes.
  

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Job Family Group:

Compliance and Control

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Job Family:

AML Compliance & Risk Mgmt

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.