Anti Money Laundering

The Banking & International AML lead is responsible for managing AML and Anti-Bribery and Corruption risk across Banking & International’s global footprint.

The Banking & International (B&I) Financial Crime and Fraud Controls team supports and promotes a robust control environment within the three Banking businesses (Corporate Bank, Investment Bank and Commercial Bank) and the International franchises across Citi, ensuring that all applicable internal policies and external regulations are adopted through effective and sustainable processes.

The team sits within the 1st line of defence and provides direct governance and oversight over the key operational and financial crime risks of the businesses. This role will report to the Financial Crime & Fraud Controls Lead for B&I. The candidate will be responsible for managing a wide range of key projects, not limited to developing and enhancing the current 1st line control environment as it relates to Financial Crime.

Responsibilities:

• Represent B&I as the senior AML Director to reinforce the message of a strong culture of compliance and controls.
• Promote adherence to applicable AML laws and regulations, as well as Citi’s AML and ABC Policies and Standards.
• Work with other LoB in-business risk and control resources to coordinate key AML and ABC control frameworks (including KYC) across the various businesses in Services, Markets and Banking.
• Drive a consistent and holistic approach to AML and ABC risk management across B&I.
• Conduct reviews of AML, KYC and ABC control processes and procedures to ensure policy requirements are fit for purpose and have been implemented consistently, with appropriate supporting documentation.
• Assess regulatory and business impact of proposed changes to AML/ABC policies/procedures/guidelines and work collaboratively with second line Compliance teams and other stakeholders to ensure the business operates in line with regulatory requirements.
• Provide AML, ABC and financial crime subject matter expertise to the B&I businesses and lead on key initiatives, centralizing and coordinating where required.
• Represent the B&I businesses on key control initiatives in AML and ABC.
• Identify, monitor, report and resolve any related issues or gaps in the control framework

Other Responsibilities

• Representing B&I on business or compliance led projects as a subject matter expert.
• Act as delegate for the B&I Financial Crime and Fraud Controls lead on key AML/ABC committees.
• Lead on the presentation of AML matters requiring B&I senior management attention and drive the AML agenda in monthly business governance forums.
• Build strong working relationships with 1st and 2nd line colleagues to ensure early engagement on new business initiatives to ensure timely support of commercial priorities and full adherence to global and regional risk management policies and procedures.
• Work with other members of the B&I Controls team (at a regional level as well as globally).
• Undertake investigations into control failures and take the lead on reporting Lessons Learned reports for significant control events.
• Work with In-Business Risk functional partners, Internal Audit and Compliance Testing to facilitate control remediation efforts and the audit coverage of the business.
• Manage a small team of Financial Crime SMEs and mentor their development in line with Citi leadership principles.
• Assist in coordinating regulatory responses for B&I with respect to sanctions compliance.

Qualifications:

• High level of experience in AML  and/or Financial Crimes risks frameworks (either first or second line of defense)
• Demonstrable problem solving and solutioning skills. Knows how to thoroughly investigate end-to-end to evaluate root causes and propose solutions.
• Understanding of banking products and the inner workings of bank processes
• Knowledge and expertise in AML regulations, risks, and typologies
• Demonstrable experience in implementing AML programs.
• Demonstrated ability and confidence to challenge business management, escalate issues and press for change.
• Excellent oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.
• Ability to drive change to business practices by working effectively across a global organization.
• Self-starting with the ability to multitask and prioritize.
• Project management and change capabilities are essential.
• Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
• Demonstrated analytical skills with follow-up and problem solving capability
• CAMS, CGSS, CSS or equivalent certification preferred but not required
   

Education:

• Bachelor’s/University degree or equivalent experience, Masters degree a plus.

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Job Family Group:

Compliance and Control

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Job Family:

Business Control

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Time Type:

Full time

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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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