Citi Group SVP Senior AML Compliance Officer - Services & Correspondent Banking 

United States, New Jersey, Jersey City 

375731649

Responsibilities:

• Execute and implement firm-wide AML risk management policy and strategic direction. This includes representing AML on governance and management forums such as the Global Foreign Correspondent Banking AML Oversight Committee (CBOC).
• Maintain AML compliance program for the business including assessment of risks and the development of policies, procedures, and governance.
• Provide guidance for FCB AML team members as well as the business globally.
• Manage compliance relationships and requests for US domiciled FCBs and CBOC escalation agendas for North America.
• Identify and assess risk, vulnerabilities, and opportunities for efficient and effective risk coverage. This includes assistance in the development existing analytics tools and execution of reviews.
• 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.
• Participate in and evaluate New Product and New Activity proposals including performing an AML risk analysis. Provide advice to the businesses regularly on new business initiatives, new products, business acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags, or other client/transaction-related compliance escalations.
• Conduct AML risk reviews for existing Products within Services.
• 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

• Provide support and liaise with regulators and Citi internal audit staff for AML matters including coordinating AML related examinations, audit and reviews, document production, and issue replies
• Participate in and manage various internal assurance processes including regional enterprise wide and horizontal risk assessments, self-assessment, internal audit, and compliance testing review
• Manage AML Training Program for FCBs including the development of new training and execute testing against the Managers Control Assessment (MCA) as necessary.

MUST have experience and exposure in the following areas:

• Candidates must have a detailed knowledge of correspondent banking, payments and receivables, ecommerce, merchant acquiring and the risks they pose to the financial system from a financial crime perspective.
• Strong communication and presentation skills. Individual will be responsible for representing the second line on various governance committees and forums as well as in person and virtual client meetings.
• Technical experience and expertise in detailed analysis of new opportunities and products, and transactional data with an eye for the possible risks of the future.
• Candidate will need to navigate unclear regulatory situations and escalate issues/make judgments in a pressured environment.
• At a minimum, experience in this space is a must, but equally looking for flexibility in someone who can work on new ideas in a proactive manner.

Qualifications:

• 10+ years of relevant experience
• Anti-Money Laundering (AML) certification
• Experience in managing regulatory exams and relationships with examiners and auditors
• Extensive knowledge of appropriate regulatory requirements including local and US laws, international and industry standards
• Extensive knowledge of AML regulations, risks, and appropriate controls
• Demonstrated analytical skills
• Demonstrated leadership and motivational skills
• Ability to work with regional and global partners, and influence and lead people across culture and senior level
• Good communication skills and ability to work independently

Education:

• Bachelors (4 Year University) Degree or equivalent experience required
• Masters (MS, MBA, etc) Degree preferred

Anticipated Posting Close Date:

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