The Global AML KYC Foreign Corresponding Bank (FCB) / Payment Intermediary (PI) Risk Evaluation Management (REM) Team function is to review FCB / PI KYC Profiles from both a qualitative and risk perspective. In this function FCB / PI REM Analysts perform 1) a Quality Checker review for completeness and accuracy; and 2) a risk evaluation to holistically assess the risk attributes in conjunction with the client’s KYC Profile to determine whether to on-board or maintain the relationship from a risk perspective. To achieve this goal, a REM analyst needs to be able to comprehend Global KYC Policies and Standards and PI requirements, understand risk concepts, identify root causes, and analyze complex issues.

Responsibilities:

• Review FCB / PI KYC Profiles from a quality perspective to ensure it meets Global KYC Policies, Standards and Procedures. This may include comparing documentation with the source system for accuracy, reviewing the KYC Profile for consistency, and ensuring the information provided is sufficient.
• Review FCB / PI KYC Profiles from a risk perspective. This would include assessing various risk components of the KYC Profile to support the disposition of the client. Client Information, Ownership Structure, Name Screening Matches, EDD (such as Periodic Transaction Reviews (PTR) and AML Call Reports), Product Profile, and Local Requirements.
• Identify and analyze interconnected risks within a KYC Profile. This would include an analysis on how risks connect with each other such as assessing: SPFs with Negative News; High Risk Products in conjunctions with an AML Call Report, etc.
• When necessary, independently investigate risks components to understand context and resolve material issues.
• Provide clear, concise, and self-sustaining risk analyses that support the ultimate disposition of each KYC Profile reviewed.
• Disposition each KYC Profile in a timely and effective manner.
• Provide advice from an AML perspective on issues escalated by the Business.
• Escalate AML concerns or any significant suspicious activities to senior management.

Job Posting Details:

• Develop recommendations to improve any processes within a FCB / PI REM review and submit these to management.
• Support management with provision of accurate weekly and monthly metrics if requested.
• Assist in coaching and training new REM Analysts

Qualifications:

• Substantial relevant work experience
• Effective verbal and written communication skills
• Ability to critically think and assess complex issues.
• Recent working knowledge of AML legislation and regulatory requirements.
• Ability to rapidly comprehend new and complex products.
• Commitment to understanding country-specific principles and business knowledge related to AML regulations.
• Experience in the application of KYC/CDD/EDD requirements.
• Initiative-taking, organized, and ability to work independently with minimal supervision.
• Proficient with open-source research techniques and understanding of the intelligence cycle.
• Must be able to multi-task and complete projects on time.

Education:

• Bachelor's/University degree or equivalent experience

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Job Family Group:

Compliance and Control

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Job Family:

AML Execution

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Time Type:

Full time

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Primary Location:

Tampa Florida United States

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Primary Location Full Time Salary Range:

$79,120.00 - $118,680.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Sep 04, 2024

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Citi is an equal opportunity and affirmative action employer.

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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