The role will be a key relationship with ACRM Foreign Correspondent Bank lead in APAC in proactively managing the Foreign Correspondent Banks portfolio. This role is specifically focused on the growing FCB business in China and as such, requires the candidate to be fluent in Mandarin Chinese.

As part of this role, the successful candidate will be responsible for leading compliance calls for new FCB clients in China and evaluating their compliance program as part of the EDD process.

The successful candidate, will be heavily involved in driving change, and enhancements and managing Citi’s foreign correspondent banking program. As part of the wider ACRM community will undertake a broad variety of tasks, many of which entail direct and regular interactions with senior stakeholders, both regionally and globally with client institutions. Act proactively in order to manage the Compliance Risk.

ACRM-FCB is part of the second line of defense and is charged with advising Citi’s Treasury and Trade Solutions’ (TTS) business on mitigating money laundering and terrorist financing risks for our firm and its customers in the global marketplace. enhanced risk posed by Citi’s correspondent banking business.

Responsibilities:

• Assessing FCB customer activity and advising on transaction based issues and exercising judgement on issues requiring further escalation or investigation
• Supporting the Head of ACRM FCB for APAC on the effective management of the APAC FCB Portfolio
• Managing the timely completion an execution of action plans for resolving open Correspondent Banking Oversight Committee cases
• Developing and implementing SWIFT Analytics capability in APAC
• Support on strategic reports and analysis generation (ie. Jurisdiction, industry, product, client specific risks)
• Product learning’s on understandings gained on country specific expected activity
• Assisting in the development of future state FCB monitoring capabilities (Mantas, Periodic Transaction Review etc)
• Ensuring senior management is kept informed of all concerns arising from failure in FCB AML
• Involvement in the drafting and production of training materials and presentation documentation on matters of interests (emerging risks, typologies, transactional activity and the FCB area)
• Drafting, or participating in the drafting of, compliance related policies, procedures, agendas and letters. Make recommendations to develop or enhance business unit policies and procedures as they relate to compliance subject matter; and respond to compliance related questions from management and staff.
• Supporting KYC and sanctions teams in the performance of their responsibilities, as needed, for matters that require escalation.
• Responding to business line questions or act as a liaison between the businesses and the KYC and sanctions teams as requested on matters of significance or complexity. Assist the business unit to collect, review, and inform the Financial Intelligence or Global Intelligence Units of potential or suspicious activity.
• Partner with the investigations units (Financial Intelligence and Global Intelligence Units) to ensure that demonstrated activity of concern is appropriately escalated, managed and documented.
• Providing written analysis, comments or advice concerning compliance related risks or issues.
• 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:

• Significant experience in the financial or payment services industries.
• Experience within the AML/ Compliance area with subject-matter expertise focused on foreign correspondent banking.
• A well developed understanding of cross border payment flow from a technical and operational perspective
• Understand payment products, trends, typologies, and technologies and assess the AML risks associated
• Transaction Monitoring experience i.e Mantas, Actimize
• Highly proficient in MS excel (sort, pivot tables)Advance Knowledge of MS Packages
• Ideally have understanding of key AML , transactional reputational risks, including PEPs, Sanctions, AB and C.
• Knowledge of relevant AML laws and regulations and FATF Recommendations
• Understanding of Trade, Cash management, Fund Services products and solutions.
• Mandarin proficiency (read, write & speak) is required.

Education:

• Bachelor’s Degree/University degree or equivalent experience

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

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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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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