Anti-Money Laundering- Compliance Officer (ACRM) - Citi Commercial Bank- VP

The Compliance Anti Money Laundering Risk Management Officer is a senior professional level role responsible for establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data or result and formulate strategic recommendations on policies, procedures, and practices.

Responsibilities:

• Assist in the development and execution of comprehensive AML risk management strategies to manage and mitigate risks associated with the CCB business.
• Support the creation, review and enhancement of AML policies and standards to ensure they meet the latest regulatory standards and guidelines.
• Identify potential risks and vulnerabilities associated with the CCB business and propose appropriate mitigation strategies.
• Act as a point of contact for the business for AML matters within CCB ACRM, working closely with internal stakeholders as well as auditors and examiners to ensure effective communication.
• Assist in development of requisite trainings for both AML and business staff, to enhance their understanding of new and existing AML risks and typologies, regulations and policies.
• Oversee investigation of referrals from various internal and external sources and ensuring timely escalations and appropriate actions associated with such cases.
• Provide AML-related advice to the Citi Commercial Bank businesses in NAM, ensuring AML regulations, policies and standards are understood and implemented appropriately.
• Where required participating in client meetings, particularly with the compliance team of the client and ability to interview them in order to evaluate their policies, standards, understanding of the same and the compliance culture.
• Ability to understand new payment technologies and products, and the ability to assess the incremental AML risks associated with the same.
• Provide subject matter expertise to the CCB businesses in designing, building, and implementing enhancements to their AML compliance risk management programs, including risk assessment, remediation activities, metrics formation, and the identification of risks, trends, and patterns.
• Review and assess new CCB products for AML risk.

Qualifications:

• 5+ years of experience in AML regulations, risks and typologies, including those specific to commercial banking products.
• Proven experience with AML risk management practices and internal control functions.
• Fluency in spoken and written English required. 
• Ability to lead and influence people across cultures using sound judgment, and with an understanding of how to operate effectively across diverse businesses.
• Ability to interact in a geographically dispersed team of AML subject matter experts and commercial banking professionals.

Education:

• Bachelor (4 Year University) Degree or equivalent experience required
• Advanced (MS, MBA, JD, etc) Degree 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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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.

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