Citi Group SVP Senior AML Compliance Group Manager - Trade 

United States, New Jersey, Jersey City 

838636852

Services is a market leading, award-winning provider of cash management, cards and trade, solutions to financial institutions, public sector, and corporate clients around the world. With a global network spanning 90+ countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management. TTS is a highly innovative organization with a strong digital agenda; new products and services are continuously being developed to meet our clients rapidly evolving treasury requirements and unlock new opportunities for growth.

Trade and Working Capital Solutions (TWCS) represents monetary activities related to commerce and international trade, including lending, issuance of letters of credit, factoring, export credit and insurance. Citi’s TWCS product offerings are comprised of the following main categories:Core Trade, Receivables Finance, Payables Finance, Trade and Working Capital Loans, and Export Agency Finance.

The Compliance AML Risk Management Senior Officer - ACRM - AML Global Services

AML Advisement and Support

• Review and provide disposition/guidance on transaction escalations pertaining to potential compliance concerns that cannot be mitigated within the TTS Trade business. Collaborate with Trade Operations/In-Business Control (IBC) and other partners on the disposition of AML escalations and AML watchlist hit.
• Engage with other Compliance and 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 Trade activity, 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
• Keep 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 Services AML Risk Assessments
• Participate and act as a voting delegate for relevant governance committees
• Work closely with partners in the Know Your Customer (KYC), Client Review & Investigations Unit (CRIU) teams to identify emerging issues which relate to Trade products and determine appropriate strategic enhancements/ mitigating actions to be taken
• Work with Product and Payment Operations teams to assess, mitigate, and enhance controls for funds transfers related to Trade transactions and more broadly across payments within the region
• Assist with other ad-hoc projects, including leading on particular projects/ workstreams which arise from time to time out of regulatory or environmental changes
• Other duties that may be assigned from time to time, such as ad-hoc investigation projects

Product/Deal Assessments

• Review and advise on new and enhanced products, procedures, and applicable New Product Assessments ( NPA)
• Review and approval of Trade Product Approval Programs (PAPs)

Coverage Areas

• Providing day-to-day and AML compliance risk management oversight for Trade product and services

Policy and Standards Governance

• Maintain and update AML standards, programs, guidelines, procedures, and related documents assuring, as appropriate, that AML compliance risks are adequately identified, assessed, and controlled
• Participate in vetting new and revised policies to ensure they are sound and aligned with ACRM’s roles and responsibilities

Qualifications:

• 10+ years AML compliance experience; preferably related to performing enhanced due diligence reviews of high-risk accounts
• Experience in Trade finance and services in an operations, risk, or compliance role
• Awareness of AML regulatory requirements, including inherent AML Risks for Trade products and Trade Based Money Laundering (TBML) typologies.
• Product knowledge of Core Trade ( letter of credits, collections, guarantees) , Receivables Finance, Supply Chain Finance , Trade and Working Capital Loans, and Export Agency Finance.
• Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Must have a strong understanding of AML risks and typologies and be able to assist the Trade business to identify opportunities for improvement and efficiencies within the Global Trade AML program
• 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; ability 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-management, and comfortable coaching staff
• Excellent communications capabilities as a leader, including top-drawer written skills

Education:

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

Anticipated Posting Close Date:

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