Posted:
9/11/2024, 8:51:14 AM
Location(s):
Jersey City, New Jersey, United States ⋅ New Jersey, United States ⋅ Texas, United States ⋅ Tampa, Florida, United States ⋅ Florida, United States ⋅ Irving, Texas, United States
Experience Level(s):
Expert or higher ⋅ Senior
Field(s):
Legal & Compliance
The Global Client Evaluations, Exits & Restrictions (CEER) Director reports directly to the Head of Global AML Regulatory Reporting, Insights & Integration. This individual understands the program standards for AML risks with client retention decisions and works with his/ her team to oversee and monitor an effective risk management function with key stakeholders across Citi AML, Legal, CSIS, Fraud and product lines/ geographies.
The scope of this role includes providing consistency and coordination for the client close-out, risk-rating override, and account restriction processes through global AML stakeholders (AML Country Officers [AMLCO], Client Review and Investigations Units [CRIU], and Country Risk and Compliance Officers[CRCO]), while also enhancing the control points for of the AML Account Closure Standard and corresponding Procedures. The successful candidate will review AML account closure, risk-rating override, and account restriction risks end-to-end across the organization and provide insights and emerging trends on these AML related risk mitigation activities for the AML BSA Officer and designated governance committees.
The job requires the ability to articulate the AML concerns and risks associated with customer relationships to various senior managers and function heads in a manner that is persuasive. The role also is responsible for the oversight and updating of the Global Account Closure Standard. This requires engaging with key senior management stakeholders throughout the global teams as well as collaborating with the various business Heads that are impacted by the procedures. As each country AML team may have different local procedures, that are a combination of business practice and local regulations, the role requires strong interpersonal skills required to define the global initiatives across geographies, functions, and lines of business.
In addition to managing a staff of AML professionals to accomplish the group’s goals and objectives, and investing in the development of all team members, other primary responsibilities include:
The Compl AML Core Director (Mgr) manages multiple teams through other managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities.
Responsibilities:
Qualifications:
Education:
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Compliance and Control------------------------------------------------------
Job Family:
AML Core------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Jersey City New Jersey United States------------------------------------------------------
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
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 18, 2024------------------------------------------------------
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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Website: https://www.citigroup.com/
Headquarter Location: New York, New York, United States
Employee Count: 10001+
Year Founded: 1812
Last Funding Type: Post-IPO Equity
Industries: Banking ⋅ Credit Cards ⋅ Financial Services ⋅ Wealth Management