Team/Role Overview

The Financial Crimes Risk team is part of the first line Controls & Regulatory Management function and is responsible for ensuring proactive, effective, and sustainable financial crimes risk management within the Treasury and Trade Solutions (TTS) business.

The Financial Crimes Risk Specialist has responsibility for supporting the ongoing implementation and enhancement of the TTS Financial Crime control framework and governance within the 1st Line of defense in the North America (NAM) Cluster. These responsibilities are to be performed through active participation in Cluster and franchise-wide Financial Crimes risk mitigation programs, helping to shape the strategy for managing the Financial Crimes risks in partnership with the respective Global team, and the overall Cluster Controls & Regulatory Management team.

The incumbent will promote effective Financial Crime risk management solutions by working in partnership with all Services Product teams and 2nd/3rd line of defense partners, including Compliance, Legal & Operations, and Technology teams both at the cluster level and globally The Financial Crimes Risk Specialist will play a key role in assessing the financial crime risk on the development of new and expanding TTS products and by providing guidance and on-going support to the product teams to ensure appropriate & effective controls are introduced and maintained.

What you’ll do

• Drive the execution of TTS first line Controls & Regulatory Management and Financial Crimes Risk strategic priorities in NAM.
• Lead on significant Financial Crime initiatives within the business ensuring alignment to group policies.
• Ensure robust and adequate reporting to senior management.
• Act as the Business Sanctions Risk Officer’s delegate, leading complex sanctions projects end to end and conduct reviews of sanctions processes and procedures across all the product lines to ensure policy requirements are being met in a consistent manner and documented appropriately.
• Advise on design of controls, ensuring these are implemented by the Business.
• Identify and assess Financial Crimes risk for new and enhanced products and innovative solutions.
• Conduct reviews of Financial Crimes processes and procedures across all the product lines to ensure policy requirements are met, fit for purpose and have been implemented consistently, with appropriate supporting documentation.
• Assess impact of proposed changes to Financial Crimes policies/procedures/guidelines and work with Compliance to ensure the business operates in line with regulatory requirements.
• Participate actively in several senior management governance forums and produce high-quality reports and management information.
• Support the Business in internal or external reviews, including managing exam preparation and deliverables.
• Identify opportunities for streamlining processes and implement efficiencies that will lead to enhanced client experience.
• Support the timely response to regulatory inquiries.

What we’ll need from you

• Strong professional experience in Financial Services (10 years plus), preferably in AML/Sanctions Compliance, Business or Product Operations and/or Risk & Controls with focus on Financial Crime Risks
• Able to work independently and deliver according to strict timelines and quality standards.
• Knowledge and understanding of multiple risks, operations, product functions. Demonstrated ability and confidence to challenge business management and escalate issues.
• Global mindset and proven record of leadership experience in managing complex processes or larger projects. 
• Prior multi-country oversight is an advantage.
• Excellent communication and interpersonal skills.
• Business oriented, with good organizational and planning skills.
• Self-motivated and able to effectively manage competing priorities. Demonstrated ability to assess complex issues through root cause analysis and other analytic techniques, structure potential solutions and drive to resolution with stakeholders.
• Comfortable navigating complex, highly matrixed organizations
• Excellent influencing and negotiation skills.
• Attention to detail and ability to accurately analyses data & draft concise documentation.
• Holistic approach to problem solving.
• Proficient in Microsoft Office, Excel, and Power Point Qualifications:
• Bachelors/University Degree or equivalent experience (master’s degree is good to have) Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
• CAMS Certification

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Control

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$163,600.00 - $245,400.00

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 30, 2024

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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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