The Compliance Anti Money Laundering Risk Management Officer is a senior professional level role responsible for establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data or result and formulate strategic recommendations on policies, procedures, and practices.

Responsibilities:

• Identify, vet and address potential risks or escalated issues with the assistance of functional partners
• Collaborate with the team to provide advice to business with respect to applicability of policies and implementation of AML program and regulatory changes
• Provide input/advice on business initiatives, new products, and complex transactions
• Supervise and participate in internal assurance processes such as Enterprise wide AML risk assessment, self-assessment, and internal audit
• Promote global consistency of AML ACRM practices and policies within business line and cross-sector
• Analyze data, prepare and present regional/global reports related to AML risk assessments, and monitor AML related issues and escalations
• Develop and implement AML Compliance Risk Management (ACRM) standards and policies
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years of experience
• Anti-Money Laundering (AML) certification required
• Working knowledge of regulatory requirements including local, US, and international laws
• Working knowledge of industry standards and practices
• Consistently demonstrates clear and concise written and verbal communication

Education:

• Bachelor’s Degree/University degree or equivalent experience
• Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

This new position is needed to strengthen the Customer Risk Scoring (CRS) methodology pillar within the company’s Global ACRM Risk Governance and Oversight team. The CRS tool is a data driven methodology built on statistical algorithms that has been designed to generate AML risk score and rate all clients of Citi, over 200 million individuals and 3 million entities globally across both bank and non-bank legal entities. 

The person will be responsible for the oversight and governance of the methodology to ensure soundness and validity of methodology changes, managing expectations within Compliance, Operations and Businesses, defending methodology output to stakeholders and regulators, and developing processes and procedures for methodology maintenance, tuning and governance.

Responsibilities:

• Serve as point of contact for KYC Risk Subcommittee. Maintain and develop relationships with business partners across all businesses to ensure that all topics discuss and raised during subcommittee are understood by stakeholders and addressed in a timely manner.
• Work closely with cross-functional stakeholders to identify, track and resolve risk related issues. Provide proper escalation channel to bring the most imminent issues to attention of Global Program Committee and where necessary aid in implementing mitigating controls.
• Design and implement visualization to a variety of existing and new analytics initiative to allow user friendly illustration and navigation, and facilitate effective decision making among leadership
• Maintain and enhance Customer Risk Scoring SharePoint to be the centralized portal for all documentation and communications
• Coordinate annual survey process for AML/CFT Geographic Risk List, Covered Exchange and Covered Regulator list
• Provide training and walk-through of Customer Risk Scoring overview to meet variety needs from internal and external stakeholders

Qualifications:

• 6-10 years’ experience in AML, KYC and other related regulatory field
• Minimum 4-6 years’ experience working with Risk Methodologies by applying significant quantitative and statistical expertise, proficient in using data analytics tools such as Oracle PL/SQL, MS SQL; able to use R, SAS, Python and VBA for advanced analytics is a plus
• Experience in Methodology Risk management , methodology validation and working with internal auditors and external regulators
• Great verbal and written communication skills in interacting with people with diverse skills and seniority across different businesses, locations and time zones.
• Proven ability to quickly produce documents/presentations or evaluate/produce metrics dashboards.
• Ability to operate in a complex matrix environment and manage a small to medium size of team

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Job Family Group:

Compliance and Control

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Job Family:

AML Risk Management

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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:

$103,920.00 - $155,880.00

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:

Dec 20, 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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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