SVP, AML Compliance Risk Assessment Officer

Flushing, New York
Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citis Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards are a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Anti-Money Laundering (AML) Risk Management draws on deep AML expertise, strong risk management skills and applicable business knowledge to actively identify, assess and manage AML risk across Citis clients, products and geographies.
As part of the AML program, the Risk Frameworks & Reporting team is responsible for managing a range of risk management programs which provide insight into the overall quality and health of the AML control framework, mitigation of AML risk, and business understanding of the AML risks owned across product lines and geographies. The team defines and implements holistic processes to provide effective oversight of the day-to-day management and mitigation of Citis anti-money laundering risk, operating within the firms defined AML Compliance Risk Appetite.

Role
The AML Risk Assessment Program Senior Vice President reports to the Head of AML Risk Assessments and will assist in the execution of the AML Risk Assessment, Horizontal Risk Assessments, Tax Risk Assessment and the KYC Coverage Framework. The Senior Vice President in this role will help with the holistic design and implementation of the AML and Tax Risk Assessment programs, partnering with global stakeholders in the Second Line Business Teams, First Line, Independent Compliance Risk Management, Compliance Testing, Internal Audit, and regulators.
The AML Risk Assessment Program Senior Vice President is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Requires significant commercial awareness. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas.

Responsibilities:

• Evaluate, enhance and implement best-in-class AML Compliance policies and practices.
• Provide expert advice on AML Compliance policies to the AML/Financial Crime Support teams and the business.
• Provide insightful subject matter expertise to innovate and execute long term solutions. Must be solution oriented and strong analytical background.
• Evaluate and respond to escalated matters; further escalate unusual activity as needed. Advise senior management on next steps.
• Responsible for liaising with the AML and Horizontal Risk Assessment teams, as well as ICRM to help with the execution of the Risk Assessments.
• Responsible for liaising with the data analytics team to improve data collection and validation efforts for the Risk Assessments.
• Assisting with the design and execution of writing risk assessment presentations and reports that clearly articulate compliance risks and controls across a country, regional, business sector, product or enterprise wide to quantify compliance risk.
• Ensuring methodologies are kept up to date and reviewed periodically by the team lead.
• Responsible for compiling and drafting internal governance forum material and, where appropriate, running internal governance meetings and coordinating associated follow-ups.
• Supporting additional duties.
• Has the ability to operate with a limited level of direct supervision.
• 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

• Minimum of 10 years of AML compliance or risk and controls-related experience; significant knowledge and expertise of AML regulations and the global environment; ability to identify emerging AML risks and help develop end-to end strategies to address them that are actionable, well-controlled and executed timely.
• A good understanding of the regulatory environment and potential changes that emerge from the AML and Countering the Financing of Terrorism National Priorities Act and regulations.
• Ability to interpret regulation and regulatory guidance clearly and appropriately in terms of applicability to Citis AML Program and AML Risk Assessment Processes.
• A good understanding of the firms products and services to contribute to the Risk Assessment framework.
• Experience with the design and implementation of effective analytics from a risk perspective. Strong technical background preferred.
• Demonstrated ability to problem solve and comprehend end-to-end program processes in complex organizations.
• Experience partnering with multiple constituencies to create consensus and effectively execute responsibilities.
• Strong interpersonal, leadership and communication skills to negotiate internally, with an ability to inform decision-making with management.
• Strong critical thinking, analytical skills, project management skills and a desire to innovate, and drive change.
• Ability to synthesize complex concepts and/or large amounts of data and translate into effective communication and presentations to senior audiences. Must be able to communicate to Senior Leadership succinctly.
• Energetic and responsive team player with a proven ability to take initiative and drive execution of initiatives.
• Excellent follow-up and time management skills; ability to multi-task is critical.
• Highly proficient in MS Office (Word, Excel, Outlook, and PowerPoint); knowledge of SQL is beneficial

Education

• Bachelors degree or equivalent experience required
• Advanced Degree preferred

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Job Family Group:
Compliance and Control ————————————————-
Job Family:
AML Core ——————————————————
Time Type:
Full time ——————————————————
Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries (“Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the ” EEO is the Law ” poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting
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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.