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

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Job description

Description:

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 explains 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.

About the Team

The Anti-Money Laundering Compliance Risk Management (ACRM) function is the second line of defense in mitigating money laundering and terrorist financing risks for Citi and its customers in the global marketplace. Citi’s ACRM team draws on deep AML expertise, strong risk management skills and applicable business knowledge to actively identify, assess, and manage AML risk across Citi’s clients, products, and geographies. ACRM is an effective and trusted information source to the business on AML laws, regulations, policies, practices and works with other AML partners on the design, development, and refinement of the Citi AML Program. The group is responsible for assessing complex issues, structuring potential solutions, and driving to effective resolution with business stakeholders while providing credible challenge of business products, processes, and systems.

Treasury and Trade Solutions (TTS) ACRM works with global/ region/ country AML, Sanctions, and Legal colleagues to provide advice and guidance to the TTS business. Support covers a range of issues including compliance with AML regulatory and legal requirements, Client Due Diligence (CDD), assessment of new products from an AML perspective, review of High-Risk clients and those business activities which may result in reputational/ franchise risk for Citi.

The TTS ACRM Officer is responsible for leading risk identification and mitigation across the products, clients, and processes in place within the TTS business. The role holder will support the development of internal procedures to identify and mitigate money laundering/ terrorist financing risk in coordination with the broader Anti-Money Laundering (AML) team. The overall objective for this role is to utilize established disciplinary knowledge to identify potential weaknesses in business controls and formulate strategic recommendations on the policies, procedures, and practices of the TTS business. The TTS ACRM Officer reports directly to the North America Head of TTS ACRM.

Responsibilities:

• Lead the coordination and execution of targeted risk reviews to assess business sectors, products, transactional flows, or other key criteria and clearly articulate risks observed and required control enhancements.
• Deliver risk assessment results to ACRM Senior Leadership Team (SLT) and facilitate discussions regarding business impact and plans to address areas of concern - support ongoing credible challenge and track results.
• Coordinate across ACRM to develop best practices to adequately manage AML risk identified by the risk assessments, and to align with emerging trends and business practices across the enterprise - capture and monitor control enhancement efforts.
• Provide TTS business with day-to-day AML support on compliance matters pertaining to the NAM region for assigned products/ segments.
• Coordinate and oversee the execution of internal and external reviews of compliance to BSA/ AML regulatory requirements and internal Citi policies with a nexus to the TTS business.
• Utilize information from global regulatory changes, new regulations, internal policy changes, and internal/ external reviews 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.
• Assist in the development and deployment of AML related training for the TTS business as needed.
• 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.

Qualifications:

• 6-10 years of relevant work experience within a medium or large Financial Institution
• 3+ years work experience in AML compliance, risk, or a control-related function
• Sufficient knowledge of the payments and cash management businesses, with a particular focus on risk identification and mitigation within these areas
• Knowledge of AML laws and regulations, including a general and broad understanding of key AML and reputational risks (PEPs, Sanctions, AB&C, etc.) required
• A background in general compliance/legal/audit, and candidates who can demonstrate an understanding of Citi AML policies and procedures, will be considered a plus
• Proven track record of delivering results in a challenging and changing environment
• Proficiency in Microsoft Office suite: Word, Excel, PowerPoint
• CAMS certification preferred

Preferred Skills:

• Excellent interpersonal and team-building skills
• Motivated, enthusiastic and positive
• Excellent judgement and analytical skills with significant attention to detail
• Excellent communications skills, including ability to present detailed analysis and recommendations to business stakeholders in a succinct manner
• Unwavering commitment to working collaboratively and cooperatively with other team members
• Effective and proven management skills, self-managing and comfortable coaching staff
• Able to work on own initiative, self-starter
• Highly organized, efficient and able to multi-task
• Strategic and goal-oriented

Education:

• Bachelor’s Degree/University degree or equivalent experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Compliance and Control -------------------------------------------------
Job Family:
AML Compliance & Risk Mgmt ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting
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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.