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Treasury and Trade Solutions Financial Crime AML and ABC Risk Lead - Director at Citi

Treasury and Trade Solutions Financial Crime AML and ABC Risk Lead - Director at Citi

Posted 15 April by eFinancialCareers
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in anti-money laundering (AML) and anti-bribery & corruption (ABC) to Citi's Treasury and Trade Solutions (TTS) Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview:
The Financial Crime AML and ABC Risk Lead is a specialist who proactively supports the Treasury and Trade Solutions business in managing and mitigating AML and ABC compliance and risks and executing risk and control responsibilities in these areas for the business as part of the Financial Crime Risk Team - a First Line of Defence function. The position will report to the TTS Global Head of Financial Crime Risk.

The goal of the Treasury and Trade Solutions (TTS) In Business Financial Crime Risk team is to help establish and maintain a robust Financial Crime control environment and culture across the Treasury and Trade Solutions businesses globally. Developing an initiative-taking approach assists management in achieving strategic objectives, promotes efficiency, reduces the risk of loss, and helps ensure compliance with corporate policies, procedures, laws, and regulations. In addition, properly functioning internal controls enable management to deal with today's rapidly changing environment and prepare for future growth.

What you will do:
In this role, the AML/ABC Risk Head will work directly with the TTS Products, Regions, Operations, Technology, and Compliance to identify and assess emerging and existing money laundering, terrorist financing, [ABC] and tax evasion risks (collectively AML and ABC), evaluate the effectiveness of existing AML and ABC processes and controls for TTS globally, and participate in, and oversee, control enhancements where needed.
  • Provide AML & ABC subject matter expertise to the TTS businesses on key AML & ABC laws, regulations, and controls, centralising and coordinating where required.
  • Assess complex issues, structure potential solutions, and drive effective resolution with other senior stakeholders.
  • Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets
  • Review, address, and escalate significant Sanctions issues and activities to senior management.
  • Understands the Business-owned products, services, and processes, as well as corresponding sanctions-related controls, and sanctions.
  • Maintains a list of Execution contacts responsible for conducting sanctions screening, associated transaction related product processors, account and customer relationship maintenance applications, and sanctions screening applications.
  • Serves as the primary Business's sanctions point of contact with O&T for sanctions controls.
  • Maintains awareness of Sanctions Risk Category Appetite and escalates matters that may breach risk appetite to the DO (Delegated Officers), ABO (Accountable Business Owner), and Sanctions, as well as raise with relevant governance forums (e.g., Global Sanctions Management Committee ("GSMC") and Global Business Risk Committee ("GBRC")) where appropriate.
  • Maintain depth of knowledge of AML risks associated with different client segments including Correspondent Banks, Corporations, FinTech, Payments Intermediaries and evolving segments with the appropriate risk mindset to assess based on risk tiers of client segments.
  • Drive a consistent and integrated approach to AML & ABC and wider Financial Crimes risk management across TTS.
  • Provide support to the TTS Global Head of Financial Crimes Risk and TTS CAO in reporting to the appropriate governance committees to ensure a demonstrably robust assessment of the control environment provided to the Committees to facilitate effective oversight for AML & ABC risk.
  • Manage the AML & ABC resources within TTS in business Financial Crime Risk
Please note that additional responsibilities apply beyond these listed.

What we will need from you:
  • Project management and change capabilities are essential.
  • Financial Crime certification preferred (ACAMS, ICA)
  • Deep knowledge and expertise of AML and ABC regulations, risks, and typologies (either first or second line of defence)
  • Demonstrable experience of wider AML & Sanctions risk management frameworks
  • Detailed expertise of TTS business activities and products and associated key regulations.
  • Demonstrated ability and confidence to challenge business management, escalate issues and press for change.
  • Ability to drive change to business practices by working effectively across a global organisation.
  • Proven people and team management skills
  • Ability to analyses a process and recommend ways to improve quality, controls, and efficiency.
What we can offer you:
This is a role that will offer you the opportunity to build an in-depth knowledge of financial services operations. Every day there will be new business challenges that will help you develop new skills that can drive your career.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
  • Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
  • A discretionary annual performance related bonus
  • Private medical insurance packages to suit your personal circumstances.
  • Employee Assistance Program
  • Pension Plan
  • Paid Parental Leave
  • Exclusive discounts for employees, family, and friends
  • Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need. Then apply to discover the true extent of your capabilities.
Job Family Group:
Risk Management--------------------------------

Reference: 52480588

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