About the position
The purpose of the Anti-Money Laundering (AML) Prevention Program is to set the core governance, frameworks and engagement models that address client and product-related AML risks. The AML Product Risk team, which sits within the AML Prevention Program, is responsible for delivering the frameworks, methodologies, and governance that implement AML’s approach to Product Risk, globally and enterprise-wide. This includes the end to end execution of AML New Product Approval (NPA) and New Physical Location (NPL) processes, and involves partnering with Business, and Independent Compliance Risk Management more broadly, to ensure robust documentation of applicable risks and mitigants within NPA or NPL records and Committee materials. The team also ensures that this program is well-articulated to regulatory and audit stakeholders where necessary. The AML Risk Management Lead Analyst is a senior professional level role responsible for a number of activities aligned with internal policies and procedures designed to prevent money laundering, and with assist in all matters concerning financial crime prevention in coordination with the broader Anti-Money Laundering (AML) team.
Responsibilities
- Identify, vet and address potential risks or escalated issues with the assistance of functional partners
- Collaborate with the team to provide advice to business with respect to applicability of policies and implementation of AML program and regulatory changes
- Provide input/advice on business initiatives, new products, and complex transactions
- Supervise and participate in internal assurance processes such as Enterprise wide AML risk assessment, self-assessment, and internal audit
- Promote global consistency of AML Compliance Risk Management (ACRM) practices and policies within business line and cross-sector
- Analyze data, prepare and present regional/global reports related to AML risk assessments, and monitor AML related issues and escalations
- Develop, maintain, and implement standards and policies
- 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.
Requirements
- 6-10 years of experience
- Anti-Money Laundering (AML) certification preferred
- 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
Nice-to-haves
- Master’s degree preferred
Benefits
- medical, dental & vision coverage
- 401(k)
- life, accident, and disability insurance
- wellness programs
- paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
