Director, AML Compliance Risk Frameworks & Reporting - Policy and Training
Company: Citi
Location: Jersey City
Posted on: May 13, 2022
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Job Description:
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management. Our core activities are safeguarding assets,
lending money, making payments and accessing the capital markets on
behalf of our clients.Citi's Mission and Value Proposition explains
what we do and Citi Leadership Standards explain how we do it. Our
mission is to serve as a trusted partner to our clients by
responsibly providing financial services that enable growth and
economic progress. We strive to earn and maintain our clients' and
the public's trust by constantly adhering to the highest ethical
standards and making a positive impact on the communities we serve.
Our Leadership Standards are a common set of skills and expected
behaviors that illustrate how our employees should work every day
to be successful and strengthens our ability to execute against our
strategic priorities.Diversity is a key business imperative and a
source of strength at Citi. We serve clients from every walk of
life, every background and every origin. Our goal is to have our
workforce reflect this same diversity at all levels. Citi has made
it a priority to foster a culture where the best people want to
work, where individuals are promoted based on merit, where we value
and demand respect for others and where opportunities to develop
are widely available to all.Anti-Money Laundering (AML) Risk
Management 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.As part of the AML program, the Risk Frameworks &
Reporting team is responsible for managing a range of risk
management programs. This includes policy frameworks, training and
various assessments to provide insight into the overall quality and
health of the AML Program, mitigation of AML risk, and business
understanding of the AML risks owned across product lines and
geographies. The team defines and implements holistic processes to
provide effective oversight of the day-to-day management and
mitigation of Citi's anti-money laundering risk, operating within
the firm's defined AML Compliance Risk Appetite.RoleThe AML Policy
and Training Director reports to the head of Risk Frameworks &
Reporting and has two primary areas of responsibility. Firstly, the
role manages the framework for the governance, development and
implementation of AML Policy Documents globally. Secondly, the role
is responsible for guiding the inclusion of relevant AML subject
matter into training plans for various audiences across the firm,
in direct coordination with Citi's Compliance Training
organization.On the policy side, the role includes facilitating the
support of AML Policy document contacts through providing drafting
guidance and facilitating document socialization among impacted
stakeholders. The role also includes managing the monthly AML
Policy Committee that reviews AML Policy Documents, and supports
Citi Corporate Policy Group initiatives such as Policy
rationalization.The training component includes coordinating and
gathering input from across key subject matter experts across
Citi's AML Program to inform the planning and content of AML
training courses, in addition to co-producing content used to
provide training to Board committees.Overall, the role requires
strong knowledge of the legal and regulatory environment for AML, a
strong background in the core components of AML programs for large
financial institutions, and the ability to manage a team of 6-8
experienced AML professionals to help achieve the aims of the
program and broader AML organization.Responsibilities:
Keywords: Citi, Jersey City , Director, AML Compliance Risk Frameworks & Reporting - Policy and Training, Executive , Jersey City, New Jersey
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