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 strongly preferred
• 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.

Overview:

The NAM Anti-Money Laundering (AML) Regulatory Reporting Oversight Lead is responsible for providing the appropriate governance, oversight, and independent credible challenge related to US Currency Transaction Reporting (CTRs) and other AML-related transactional/non-transactional regulatory reporting obligations in alignment with the Global AML Regulatory Reporting Standard. 

Responsibilities:

• Provide expert advice on requirements set forth in the AML Regulatory Reporting Standard and US Currency Transaction Reporting (CTR) Procedure.
• Act as subject matter expert and provide credible challenge and coordinate, as necessary, discussions between stakeholders across Citi’s footprint: Regulatory Reporting Contacts, the Business, Business Technology, Independent Compliance Risk Management (ICRM), AML Compliance Risk Management, AML Technology, and any other potentially impacted functions.
• Chair the NAM AML Regulatory Reporting Oversight Forum, which includes collecting, consolidating and presenting the required reporting elements from business partners; arranging the preparation of meeting minutes (key discussion topics, decisions and action items); and, tracking the status of action items, and identifying escalations as appropriate.
• Update the CTR Procedure, as necessary.
• Analyze control measures and recommend enhancements to reporting capabilities and process deficiencies, where applicable.
• Assess and identify emerging risks and recommend program enhancements.
• Escalate critical matters to the appropriate AML and appropriate Business Risk forums for awareness.
• Monitor corrective actions involving AML regulatory reporting (RTR/NTR).
• 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.
• Review key RTR/NTR metrics to identify patterns of activity, outliers and opportunities for RTR/NTR process enhancements.
• Understand and monitor the legal, regulatory and industry practices environment as it relates to RTR/NTR; provide up to date knowledge and expertise relevant to AML compliance and the businesses.
• Maintain the Global and NAM AML RTR/NTR SharePoint sites to ensure the repository of Forum documents, Minutes and regulatory communications are up to date, and tracking of RTR/NTR related matters are current.

Qualifications:

• 6-10 years relevant experience, preferably with significant knowledge and expertise in AML Regulatory Reporting, specifically Currency Transaction Reporting, and AML controls program preferred.
• AML Certification preferred
• Ability to clearly and appropriately interpret regulation and regulatory guidance in terms of applicability to Citi’s AML Program
• Energetic and responsive team player with a proven ability to take initiative and work in a fast-paced environment.
• Strong critical thinking and a desire to innovate, drive change and challenge the status quo
• Strong interpersonal and communication skills to negotiate internally
• Ability to problem-solve and comprehend end-to-end program processes in complex organizations
• Excellent follow-up and time management skills
• Highly proficient in MS Office (Word, Excel, Outlook, and PowerPoint)

Education:

• Bachelor's/University degree or equivalent experience required
• Master's degree preferred

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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:

Irving Texas United States

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Primary Location Full Time Salary Range:

$114,720.00 - $172,080.00

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 11, 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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