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. 

Responsibilities:

         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

Qualifications:

• 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

Preferred Skills:

• 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

Education:

• Bachelor’s Degree / University degree or equivalent experience
• Master’s degree preferred

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Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - US

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