Summary
Date Posted: Monday, February 01, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Anti-Money Laundering Compliance Officer (AMLCO) .

AMLCO Responsibilities:
Know Your Customer (KYC):
• Act as KYC Risk Evaluation Management Designee as required, reviewing customer due diligence records for clients booked to the relevant jurisdiction/legal vehicle;
• Ensure that the relevant local rules and requirements for customer due diligence are accurate and up-to-date in critical business systems related to onboarding and account documentation.
Detection, Investigation and Reporting:
• Act as Citi Financial Intelligence Unit (FIU) designee, as required, reviewing AML Case Review escalations as well as manual referrals and escalations and undertaking investigations of potential suspicious activity in accordance with the AML Investigations Standard and FIU AML Investigations Operating Procedures;
• Raise anysignificant money-laundering concerns identified during an AML investigation to the appropriate channels as required by the FIU Investigative Escalation Criteria and Guidelines;
• Prepare and submit Suspicious Activity Reports (SARs) to local authorities as applicable;
• Work with the regional AML Monitoring Risk Management team to ensure that appropriate transaction monitoring is in place as required by local regulations. This may also include the development and/or implementation of monitoring processes and solutions (e.g., automated, manual or interim processes, thresholds and other parameters)
• Prepare, review and/or provide oversight for any other regulatory transaction reporting (RTR), as applicable;
• Execution of post-investigationresponsibilities, including those related to account closure recommendations, in accordance with the Global AML Account Closure Standard.
Governance, Risk & Control:
• Ensure that local AML-related issues requiring Corrective Action Plans are resolved in a timely manner, regardless of whether the issue is owned by second-line or first-line of defense;
• Undertake regular Manager Control Assessment (MCA) testing for local AML assessment unit and ensure results are documented appropriately, with deficiencies actioned as required;
• Lead in the preparation for local AML-related internal audit reviews and Compliance Assurance Risk Reviews;
• Complete the annual AML Enterprise Wide Annual Risk Assessment for local AML assessment unit and assist in other ad-hoc global and regional analyses including sanctions and anti-bribery, as required;
• Report to local AML committee(s) and/or BRCC or other applicable governance forums on AML-related matters;
• Ensure that any local AML-related issues requiring escalation are brought to the attention of regional senior management and to regional governance forums, as appropriate;
• Non-presence country (NPC) oversight, if applicable;
• Work with Business to ensure proper AML controls are in place for new product/services/locations;
• Ensure that any local regulatory requirements as they pertain to centralized/non-local processes have been clearly articulated to relevant stakeholders, including the team(s) providing non-local support;
• Use MIS and MCA information supplied by teams providing non-local support to execute oversight;
• Execute enterprise-wide programs for local AML team, as necessary.

Job Skills: Not Specified

Qualifications:
• Preference for post graduate degree and/or recognized professional qualifications where applicable. Professional qualifications may include: CRMC or equivalent, CPA, ACA, CIA, CFA, ACAMS, etc. strong technical knowledge of compliance regulations and requirements, experience within a highly complex, global financial institution, regulator or related industry participant. Credibility as a subject matter expert and experience of dealing with issues that have a high impact at all levels of the organization
• Experience of working with key country level regulators and industry associations
• Knowledge of local regulatory requirements and obligations and the ability to identify emerging compliance issues and themes
• Prior experience working in Anti-Money Laundering, regulatory compliance, fraud, audit, in-business risk or related role.
• An ability to influence senior business leaders on all compliance risk-related matters affecting the business. The individual should have the ability to independently challenge, when needed, while at the same time being supportive and solution-based and not being perceived as obstructive
• An ability to be hands on and in the trenches with the direct team, while also bringing a sense of strategic vision and a global sensibility to the function
• Ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders needs are met
• Strong team leadership, communication, interpersonal and management skills, with a track record of leading through change and the ability to effectively communicate the strategic vision to various stakeholder groups
• Effective negotiation skills, a proactive and no surprises approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management and influencing skills are essential
• The ability to thrive and execute in a complex, highly matrixed, global environment
• Education:
• Bachelors/University degree, Masters degree preferred

Job Education Requirements: Bachelors/University degree, Masters degree preferred

Job Experience Requirements: Not Specified

Work Hours: 8

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Job application procedure
To apply for this job please visit https://jobs.citi.com/job/-/-/287/18604691  

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