Citi Group Europe Head AML Managing Director 

United States, Indiana 

530562827

Responsibilities:

• Design, develop, deliver, and maintain best-in-class AML Compliance policies and practices; provide a mechanism for identifying key money laundering risks and how the mitigation of those risks would be monitored and measured through a robust control framework. Conduct reviews consistently across the Europe Cluster entities on a regular basis to validate that the controls identified are operating effectively.

• Institute and support the formal Feedback Channel with the Businesses, Internal Audit and Compliance Independence Assurance to proactively perform root cause analysis and communicate to relevant stakeholders through the established channels. Oversee the review, consolidation, and tracking to resolve significant issues identified through root cause analysis to senior management. Furthermore, validate that the feedback / root causes from various channels is consolidated and shared within AML and International Compliance to allow for enhancements to Policy/Standards and Learning & Development, as necessary.

• Continually review and monitor the results from Manager Control Assessments (MCAs) to determine if changes are required.

• Liaise with US and foreign regulators externally and Citi Internal Audit and Compliance Independent Assurance staff, as appropriate, including coordinating AML/Sanctions related examinations, audit and reviews, document production, and issue responses to confirm there is consistency in responses and issues are communicated across the Europe Cluster entities, such that actions and conclusions are shared.

• Act as the internal and external point of contact to senior management, stakeholders and regulators on the AML program.

• Respond appropriately and timely to escalations.

• Provide adequate training to the Business lines and other employees, and as needed, participate in the design and delivery of training as required, to inform employees of the objectives of the programs.

• Lead and manage a diverse team of staff across multiple locations; invest in the development of all team members to facilitate consistent execution.

• Additional duties as assigned.

• 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervising the activity of others and create accountability with those who fail to maintain these standards.

• Prescribed Control Function 52 (Head of Anti-Money Laundering and Counter Terrorist Financing Compliance) and Senior Executive with accountability for financial crimes under the Central Bank of Ireland’s Senior Executive Accountability Regime.

Qualifications:

• 15+ years relevant experience

• AML certification

• Prior work experience in a financial institution with job specific work experience in AML and financial crimes

• Self-motivated and detail oriented

• Proactive leadership and motivational skills

• Consistently demonstrates clear and concise written and verbal communication skills

• Advanced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging Significant knowledge and expertise of AML and Sanctions regulations, risks and appropriate controls Experience in the design and implementation of AML and Sanctions programs Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders

• Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses Experience with and previous exposure to internal or external control functions and regulators (incl. the US), particularly banking and AML / financial crime regulators

• Level of comfort with creative tension across different lines of defence while maintaining professionalism and a shared goal of increased quality levels across the program

• Demonstrated ability to effectively assess and manage competing priorities. Experience managing diverse teams, and comfort navigating complex, highly matrixed organizations.

• Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, MLD 5, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements etc.

Education:

• Bachelor's/University degree, master’s degree preferred

This Role is a “Controlled Function” Role as defined by the Central Bank of Ireland Reform Act 2010 and Principal Regulations 2011, and amending Regulations 2014, 2015.

This role requires an advanced understanding of European AML regulations, including the EU AML Directives, with an ability to convey compliance needs to various internal stakeholders, including representing the AML function in relevant governance fora such as the Audit Committee of the main European Citi entity. The role encompasses a large team of compliance professionals across Europe and involves partnering with stakeholders across the AML leadership team, Independent Compliance Risk Management (ICRM), Operational Risk Management, and Internal Audit.

In addition to the Europe Head of AML, this role is a Prescribed Control Function 52 for Citi Europe Plc under the Central Bank of Ireland’s Fitness & Probity regime and as such the role holder will require regulatory pre-approval.

Time Type:

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