Jersey City, NJ
Industry: Accounting, Finance & Insurance•
11 - 15 years
Posted 174 days ago
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.
Trade finance and services represents monetary activities related to commerce and international trade, including lending, issuance of letters of credit, factoring, export credit and insurance. Citi’s Trade product offerings are comprised of the following five main categories: Trade Services, Trade Finance, Trade Working Capital Finance, Commodity Trade Finance, and Export and Agency Finance.
The Compliance AML Risk Management Sr. Officer - ACRM - AML Global Transaction and Trade Solutions (TTS) is responsible for providing the Trade business with day to day AML Support on compliance matters in all regions.
AML Advisement and Support
• Engage with other AML/Sanctions/Legal functions to ensure coordinated approach to AML Trade issues, interfacing with the business
• Develop, maintain and evolve AML Programs including policies, procedures and training relevant to high risk clients, in line with regulatory requirements
• Assist with other ad-hoc projects, including leading on particular projects/workstreams which arise from time to time out of regulatory or environmental changes
• Maintain abreast of AML regulations, risks and typologies applicable to Trade business
• Assist business in preparing for and addressing regulatory examination and audit findings
• Provide subject matter expertise and product support for Trade risk assessments
• Participate and act as a voting delegate for relevant governance committees
• Collaborate with Operations and Compliance partners on the disposition of escalations and watchlist hits
• Review and advise on new and enhanced products, procedures, and applicable New Product Assessments
• Review and approval of Product Approval Programs (PAPs)
• North America coordination and input for annual Horizontal Risk Assessments
Providing day-to-day and AML risk assessment oversight for Trade product and services.
Policy & Standards Governance
• Maintain and updating AML standards, programs, guidelines, procedures and related documents assuring, as appropriate, that AML compliance risks are adequately identified, assessed and controlled
• Participate in the vetting of new and revised policies to ensure they are sound and aligned with ACRM’s roles and responsibilities
• MUST have experience in Trade finance and services in an Operations, Risk, or Compliance role.
• Bachelor degree from a College or University preferred, but an exceptional working track record in will be deemed equally important.
• 10+ years AML Compliance experience; preferably related to performing enhanced due diligence reviews of high-risk accounts
• Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Significant knowledge and expertise of AML regulations, risks and appropriate controls
• Ability to interact and communicate effectively with senior leaders
• Able to present AML analysis and recommendations to the relationship managers
• Ability to communicate and share techniques used with other team members.
• Solid experience at a Medium to Large sized Investment Bank in Account opening, Compliance or Money Laundering Prevention
• Work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level
• Experience in managing regulatory exams and relationships with examiners, auditors, etc.
• Awareness of regulatory requirements including local and US laws, international and industry standards
• Effective and proven management skills, self-managing and comfortable coaching staff.
• Excellent communications capabilities as a communicator, including top-drawer written skills.