The Periodic Transactions Review (PTR) is a process conducted in order to strengthen customer due diligence to fully identify and address the AML risk associated to correspondent accounts. Periodic Transaction Review Team is conducting a review of a Foreign Correspondent Banking (FCB), Affiliate, Payment Intermediaries (PI) and Embassy client’s transactional activity.

 

The Periodic Transactions Report is a part of the Citi KYC renewal process and is used to assist with evaluating the client’s AML risk. The PTR analysis covers three months activity. Information gathered in the Periodic Transactions Report is used to understand the usage of the correspondent accounts by the clients and the possible associated AML risks while renewing the KYC documents for this client. It validates the accuracy of anticipated account activity, the accuracy of the risk score associated with the client, and identifies potential risk areas such as nested activity, high risk entities, unusual activity, or patterns.

 

Key Responsibilities:

• Complete PTR reviews within specific time period and the make sure the report is in line with the PTR requirement / procedure.
• Perform detail analysis of transactional activity to identify unusual/suspicious activity based on AML red flag / typologies knowledge.
• Provision of guidance and advisement (where appropriate) on due diligence and Know Your Customer (KYC) checks conducted on FCB relationships ensuring that such is in line with relevant regulatory standards.
• Communicate with internal entities, including senior managers and other Citigroup AML monitoring units to ensure findings are incorporated in all aspects of the AML control program
• Participating in business projects and new product evaluations related to Periodic Transaction Review
• Analyzing and improving the operational processes and recommending solutions to increase efficiency and effectiveness
• Developing and maintaining positive relationships with key stake holders, regional, and country Compliance, Operations and Technology
• Act as Subject Metter Expert for the team of analysts.

Skills and Competencies:

• 5+ years’ work experience directly related to complex and sensitive investigations, or any combination of AML/BSA, fraud, financial irregularities, etc.
• At least 2 years’ work experience on expert position.
• Experience related to Periodic Transaction Reviews Level 1 is desirable
• KYC and CDD/EDD experience, including good understanding of various corporate structures including offshore Trusts, Funds, and Special Purpose Vehicles etc.
• General and broad understanding of key AML and reputational risks, including PEPs, Sanctions, AB&C; Knowledge of international and regional AML laws and regulations and FATF recommendations
• Understanding of emerging markets and high risk industries and cash management products and correspondent banking.
• Excellent communications abilities as a communicator, including top-drawer written skills; Commitment to co-operative and collaborative working
• Ability to work simultaneously with multiple conflicting priorities, timelines and stakeholders
• Practical ability to apply and communicate legal and regulatory requirements to day-to-day activities.
• Excellent judgment and assessment skills; proactively employs personal curiosity to identify and research parties using a risk-based approach.

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

 

Education:

• Bachelor (Four Year College) Degree or equivalent experience.

English advanced (Must)

Excel advanced

KYC Experience 5 years

Transactional analysis 5 years

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Job Family Group:

Compliance

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Job Family:

AML Execution

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Time Type:

Full time

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Most Relevant Skills

Communication, Data Analysis, Laws and Regulations, Planning and Organizing, Referral and Escalation, Report Writing, Risk Identification and Assessment, Risk Remediation.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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