Job Purpose:
Coordinate and monitor day-to-day compliance with institutional standards and related regulations applicable to the business. Key duties include assuring Citi’s compliance risks are adequately identified, assessed, controlled and monitored; advising the Business on compliance risks; contributing to a ‘no surprise’ culture by educating and communicating compliance awareness throughout the organisation; escalating all potential or identified regulatory issues to senior management.
Ensuring compliance with applicable money laundering laws, rules and regulations and ensuring that Citi’s Global Anti-Money Laundering Policy; practices, procedures and controls are implemented by the business. To raise AML compliance standards across the business and implement compliance best practices across and in line with Citi’s raised compliance bar. Raise the visibility of AML compliance through specifically improving communication across the business and industry.
Ensure the comprehensiveness and relevance of AML Compliance Training in the entire business for new hires, transfers in and existing staff.
Job Background/context:
Citi has launched various initiatives to further strengthen its Compliance and AML coverage across all sectors. BAU activities as well as new initiatives create a significant body of work requiring a close coordination and integration with all the key stakeholders in the Business teams and support functions.
Key Responsibilities:
Include but not limited to:
- To manage the Country compliance risk and provide franchise support to the Citi Country Officer (CCO) and Country management.
- To advise Country management proactively on compliance risks and developments that affect the business activity that Citi conducts in the Country or from offshore.
- To coordinate production, documentation and approval of the annual Country compliance program.
- To assess the compliance risks faced by the businesses in the country and ensure that Citi is appropriately managing those risks and is in compliance with applicable laws and Citi standards of doing business.
- To be aware of major issues in the various businesses in the Country that could give rise to franchise risks. To probe actively to ensure that any potential franchise issues are being addressed appropriately by the business and functions and that the right resources are focused on managing these issues.
- To participate from a franchise and reputation perspective, in strategic decisions affecting Citi’s business in the Country.
- To identify new and changed local laws and regulations; distribute these to the affected business units and ensure that these are incorporated in the MCA and tested for compliance.
- To escalate significant ethical or business practice concerns and to work with the relevant business and staff functions to investigate the concern and recommend appropriate remedial actions. To advise the CCO and other managers on the legal and regulatory ramifications of ethical and business practice concerns raised in the Country.
- To be familiar with the legal vehicles operating within the Country and with the legal and regulatory framework that governs how they operate. Participate in the management committee of any of these legal vehicles in the country.
- To participate in the Country and Cluster BRCC process following the Basic Compliance Architecture and regional policies, CCC and the Country AML GBRC.
- To administer the compliance program for the country and to coordinate the business compliance with local and US regulations and Citi ethical policies that apply to their activities and products.
- To act as principal interface between the business and EA-sub-cluster Compliance, Regional Compliance, Global Compliance and Citi Corporate Compliance resources such as the Global AML office in order to communicate compliance policies, information and requirements to employees; provide consultation and guidance to employees on compliance questions/issues; assist the business in developing solutions to potential issues involving compliance and regulatory risk; provide information to the Citi Management as needed, regarding the state of compliance in the business.
- Develop and update the AML program and procedures based on changes to both Citi Global AML Policies and the regulatory environment.
- Implement new or enhance existing AML processes and controls
- Provide targeted AML training to the business and support departments as appropriate
- Provide compliance guidance on the on-boarding/retention of sensitive /high risk client relationships
- Develop effective working relationships with business and compliance colleagues to ensure effective operation of the program. Keep abreast with laws, regulations and corporate policies concerning money laundering and with any emerging money laundering concerns/trends globally. Ensure that the steps necessary for an effective Anti-Money Laundering program are in place.
- Support the business in audits (internal and external) as a key interface with regulators/auditors. Proactively engage with examiners, review audit findings, evaluate the business’ corrective action plans to deal with issues highlighted and track progress till closure.
- As the Anti-Money Laundering Officer (AMLCO), to administer the Global Anti-Money Laundering Policy and Global Sanctions Screening Policy providing guidance on the documentation and implementation of the Country Anti-Money Laundering Program and sanctions requirements.
- To act as principal liaison with Internal Audit (IA) for matters relating to compliance, and monitor corrective action required by IA that relates to compliance and other corporate audits that relate to compliance
- To provide compliance training in line with the business’s assessment of need.
Development Value:
- Opportunity to work with Citi’s compliance team, regionally and globally;
- Comprehensive training in general compliance;
- Exposure to Regulators, engagement with Business teams.
- Candidate will interact with FIU, CSIS, Poland Hub, Dublin Hub and will be a management committee member and a member of corporate governance committees in the country.
- The role will cover all Citi businesses, providing opportunities to learn more about the product areas.
Qualifications
Person Specification
Knowledge/Experience:
- Experience in working with teams to deliver agreed service standards.
- Good knowledge of Bank policies and Procedures with a good understanding of Legal Principles and the regulatory framework.
- Internal work experience within Citibank.
- 5 years banking experience with solid knowledge of local environment
- Good standing as an Anti-Money Laundering Compliance Professional within the industry with related qualification.
Skills:
- Ability to interact/communicate effectively with both internal and external clients
- High level MS skills, especially Excel & Powerpoint
- Good presentation skills
- Creative, flexible and highly initiative.
- Excellent English communication skills (written/spoken).
Qualifications:
- University qualification – Bachelors Degree Relevant AML related qualification
Competencies:
- Strong team player, given cross functional role
- Enthusiastic approach to understanding key bank systems and willingness to apply these on ongoing basis
- Enthusiastic & flexible with ability to use own initiative and work independently
- Ability to multi-task
- High degree of accuracy and attention to detail
- High accountability & ownership
- Articulate
- Self confident, self motivated
- Ability to learn & develop to take on exceptional tasks
- Strong time management
- High tolerance for work pressure – perseverance and flexibility.
- Ability to handle conflict effectively
- Commitment to learning.
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