Global Funds Transfer AML Compliance Risk Management Officer (Hybrid)

Global Funds Transfer (GFT) AML Compliance Risk Management Officer

About the role

The Anti-Money Laundering Compliance Risk Management (ACRM) 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 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.

The Funds Transfer Compliance Oversight AML Compliance Risk Management (FTCO ACRM) team works with global and country AML, Sanctions, and Legal colleagues to provide advice and guidance to business Product Development, Payment Operations, and Technology teams. Support covers a range of areas including compliance with AML regulatory and legal requirements, client implementations and payment processing rules, assessment of operational structures for new products and services, Compliance Testing, Payments Data Analytics, overall guidance and oversight for transformational technology/infrastructure initiatives, and review of payment channels and schemes that may result in reputation/franchise risk for Citi.

The Funds Transfer Compliance Oversight AML Compliance Risk Management (FTCO ACRM) Officer supports the global framework and program structure for the FTCO ACRM function. The role holder will assist in the development and implementation of internal procedures to prevent non-compliance with Funds Transfer regulatory and policy requirements and all related payment transparency issues that have an impact on financial crime compliance in coordination with the broader Anti-Money Laundering (AML) team.

The primary objective of this role is to utilize established disciplinary knowledge and methodologies to identify inconsistencies in payment data resulting in payment transparency issues, and formulate strategic recommendations on the policies, procedures, and practices of the relevant Product Development and Payment Operations, and Technology teams to ensure the relevant regulatory and policy requirements are consistently met.

Responsibilities:

• Support the development of a global framework, including drafting policies, standards, and procedures for the execution of FTCO ACRM oversight and challenge for Product Development, Payment Operations, and Technology teams.
• Provide support to cross-LOB teams including Product Development, Payment Operations, and Technology, to implement global payment transparency standards and best practices and document known country variations within country regulatory environments related to FATF-16/Funds Transfer Regulations.
• Provide global Product Development, Payment Operations, and Technology teams with day-to-day support on payment transparency regulations applicable to new products and services, client implementations, and payment processing.
• Analyse payment data and metrics presented by the Business, prepare and present reports related to payment transparency and associated compliance risks, and monitor related issues, escalations, and corrective actions.
• Perform proactive assessment of compliance with payment transparency requirements and engage Product Development, Payment Operations and Technology teams to agree/execute remediation plans.
• Utilize information from global regulatory changes, new regulations, and internal policy changes to further identify new key risk areas.
• Develop approaches/action plans to compliance and control issues by weighing various alternatives and balancing potentially conflicting situations.
• Support the development and deployment of Global Funds Transfer and related training for relevant Product Development, Payment Operations, and Technology teams as needed.
• Provide support and oversight for cross-functional ad-hoc AML projects, including leading on project work streams as needed which arise from time to time out of regulatory or environmental changes.
• Collaborate with global stakeholders including AML Technology, Monitoring Risk Management and Operations to mitigate AML and Terrorist Financing risks.
• Any other responsibilities as required

Experience:

• Relevant experience in AML compliance, risk, or a control-related function within a medium or large Financial Institution.
• Significant experience within payments and cash management businesses, with a particular focus on product management, development, operations, and technology functions.
• Experience in delivering data driven projects.
• Experience is working under tight timelines driven by Regulatory or Internal Compliance projects.
• Knowledge of AML laws and regulations including a general and broad understanding of key AML and reputational risks (PEPs, Sanctions, AB&C, etc.) required.
• Knowledge of payment industry trends, innovations, emerging risks as well as key regulatory risk drivers.
• A background in general compliance/ legal/ audit, and an understanding of Citi AML policies and procedures will be considered a plus.
• Proven track record of delivering results in a challenging and innovative environment.
• Experience in working collaboratively with cross-functional units; ability to navigate a complex matrix environment.

Preferred Skills

• Excellent communications skills, including ability to present detailed analysis and recommendations to business stakeholders in a succinct manner.
• Proficiency in Microsoft Office suite: Word, Excel, PowerPoint.
• Hands-on experience on Data Analytics and Visualization tools
• Self-starter with an ability to work on own initiative.
• Highly organized, efficient, and goal-oriented.
• Motivated, enthusiastic and positive.
• Excellent interpersonal and team-building skills.
• Excellent judgement and analytical skills with significant attention to detail.
• Unwavering commitment to working collaboratively and cooperatively with other team members.

Qualifications:

• Ideal candidates must have a degree in a relevant field.
• CAMS certification and/or advanced degree (MS, JD, etc.) preferred.

Education:

• Bachelor’s Degree/University degree or equivalent experience
• Anti-Money Laundering (AML) certification preferred

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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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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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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