The Foreign Missions Banking (FMB) AML Compliance Risk Management (ACRM) Officer works with global, regional and country AML, sanctions and legal colleagues, to provide advice and guidance to the Global FMB business on a range of issues. The FMB ACRM Officer provides strategic support and oversight related to compliance with AML regulatory and legal requirements, Client Due Diligence (CDD), assessment of new products from an AML perspective and review of FMB client relationships, which may result in reputational / franchise risk for Citi.
The Anti-Money Laundering (AML) Compliance Risk Management function is the second line of defense in mitigating money laundering and terrorist financing risks for Citi and its customers in the global marketplace. Citi's ACRM team draws on deep AML expertise, strong risk management skills and applicable business knowledge to actively identify, assess and manage AML risk across Citi's clients, products and geographies. ACRM is an effective and trusted information source to the business on AML laws, regulations, policies, practices and works with other AML partners on the design, development, and refinement of the Citi AML Program. The group is responsible for assessing complex issues, structuring potential solutions and driving to effective resolution with business stakeholders while providing credible challenge of business products, processes and systems.
AML Advisement and Oversight
Provide the FMB business with day to day AML support on compliance matters relating to client selection, on-boarding and maintenance, products and services, and client exits
Engage with other AML / Sanctions / Legal functions to ensure coordinated approach to FMB AML issues while interfacing with the business
Develop and maintain FMB AML Programs including policies, procedures and training relevant to high risk clients, in line with regulatory requirements
Assist with other ad-hoc projects, including leading projects / work streams, which may arise from regulatory or environmental changes
Maintain abreast of AML regulations, risks and typologies applicable to high risk clientele including FMB clients
Assist with compiling and reporting metrics and reports associated with the FMB AML Program
Participate and act as a voting member or delegate for relevant AML governance committees
Support Global Public Sector team with the UN Common System (UNCS) specific AML and KYC requirements
Provide credible challenge to the business relating to client selection, on-boarding, product and service offerings, ongoing monitoring and client exit decisions
Internal and External AML Reviews
Coordinate and partner with other 2nd line of defense functions in conducting AML reviews, including Horizontal Risk Assessments and Compliance Assurance Reviews and assist with 3rd line of defense AML reviews conducted by Internal Audit
Support the FMB business with AML regulatory examinations related to FMB clients, products and services
Policy & Standards Governance
Developing new and updating existing AML standards, programs, guidelines, procedures and related documents assuring, as appropriate, that AML compliance risks are adequately identified, assessed and controlled
Participate in the vetting of new and revised policies to ensure they are sound and aligned with ACRM's roles and responsibilities
Required Knowledge / Experience:
Proven track record of delivering results in a challenging and changing environment
Proven experience directly related to complex and sensitive investigations, including AML, fraud, financial irregularities, etc.
General and broad understanding of key AML and reputational risks, including PEPs, Sanctions, AB&C
AML program experience including mitigation strategies for risks
Knowledge of US, UK and EU AML laws and regulations and FATF recommendations
Understanding of emerging markets and high risk industries
Strong understanding of Foreign Missions / Embassy Banking
Experienced in use of applications and tools used to support the investigation process
7+ years of experience directly related to AML Risk Management at a Medium to Large sized Financial Institution
Strong knowledge of AML laws and regulations required; at least 2+ years of experience in AML Risk Management related to Embassy Banking will be considered as a plus
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
CAMS certification preferred
Excellent interpersonal and team-building skills
Motivated, enthusiastic and positive
Excellent judgement and analytical skills with significant attention to detail
Excellent communications skills, including ability to present detailed analysis and recommendations to business stakeholders in a succinct manner
Unwavering commitment to working collaboratively and cooperatively with other team members
Effective and proven management skills, self-managing and comfortable coaching staff
Able to work on own initiative, self-starter
Highly organized, efficient and able to multi-task
Strategic and goal-oriented
Bachelor's Degree / University degree or equivalent experience
Master's degree preferred
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Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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