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 customers, unusual activity or patterns.

Key responsibilities:

• Complete Level 1 reviews of the PTR Report, which includes reviewing the activity, identifying Red Flags, Validating Negative Media, and describing the findings
• Obtain and analyze transactions and transaction patterns related to Foreign Correspondent Bank, Affiliate, Payment Intermediaries and Embassy clients activity, validate know your customer
• Identify unusual/suspicious activity based on AML red flag / typologies knowledge and provide a robust clear and concise analysis of material findings
• Raising recommended adjustments to a KYC profile, or request additional information as it relates to transaction activity which cannot be reasonably explained
• Ensuring PTR reviews are completed with the specified review period in accordance with Citi AML Policies and Procedures
• Using proprietary, subscription and public databases, research entities related to the transactions
• Thoroughly and succinctly document the research and analysis related to the financial activity and related entities for an audience that includes: - Regulators - Internal Audit - Relationship Managers - Senior Managers and - Internal Compliance
• Meet or exceed quality, productivity and timeliness goals.
• Participate in the development, testing, training and implementation of new or enhanced processes
• Participate in training and checking of new hire reports once qualified
• 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

Requirements:

Skills and competencies:

• Understanding of the mechanics of Foreign Correspondent  Banking (FCB)
• Highly proficient in MS excel (sort, pivot tables)
• Knowledge of MS Access is a plus
• Highly proficient AML investigator with demonstrated experience in AML monitoring
• Knowledge includes: 

  - Anti Money Laundering Laws and Regulations

  - Procedural / Policy requirements (including documentation) 

  - Systems Applications used to support investigation process

• Fluent in English spoken and written
• Excellent judgment and assessment skills
• Successfully employs personal curiosity to conduct in – depth investigations
• Excellent organizational and prioritization skills
• Follows through to complete deliverables timely
• Excellent work ethic (respectful, honest, considerate, self-motivated, can work independently without supervision, works well under pressure, readily adapts to changing work priorities, accountable)
• Excellent communication skills – as evidence by ability to concisely and meaningfully explain and document investigation
• Develops strong and productive work relationships with others: analysts, peers, management, Production Support, Project Management, etc.
• Anticipates and responds to customer needs
• Demonstrates initiative and creativity in problem solving

Experience:

• 1 years minimum of AML monitoring experience as Senior AML Analyst of Citi's corporate client accounts: financial transactions/ transaction patterns/counterparties (including the customers of the client), and utilizing KYC documentation and research to evaluating AML related customer risk
• Finance/Banking background is a plus

Qualifications:

• Minimum Bachelor’s degree or equivalent required. MBA degree desirable

Desirable Criteria:

• MBA
• ACAMS

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

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Job Family Group:

Compliance and Control

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Job Family:

AML Execution

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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:

$62,620.00 - $87,380.00

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 24, 2024

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