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Director, AML Compliance Risk Frameworks & Reporting - Policy and Training

Company: Citi
Location: Jersey City
Posted on: May 13, 2022

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:

  • Manage the framework for the governance, development and implementation of AML Policy Documents globally
  • Manage the AML Policy Committee
  • Serve as principal contact for the AML Policy
  • Support Citi Corporate Policy Group initiatives, as necessary
  • Contributing to AML training course plans and content
  • Co-producing content for the training of Board committees
  • Ownership of the continuing education program for AML Compliance Officers
  • Supporting, as needed, AML-wide special initiatives.Qualifications:
    • Minimum of 15 years of AML compliance or risk and controls-related experience; significant knowledge and expertise of AML control programs, legal or other control-related functions in the financial services industry; experience with a regulatory body a plus
    • Excellent written, verbal and analytical skills; strong communication and presentation skills with the ability to articulate complex problems and solutions through crisp and clear messaging.
    • Significant knowledge and expertise of AML regulations, risks and typologies
    • Ability to clearly and appropriately interpret regulation and regulatory guidance in terms of applicability to Citi's AML Program
    • Experience with and previous exposure to internal control functions and regulators within the US; particularly banking and AML regulators
    • Experience in the design and implementation of AML programs
    • Ability to influence and lead people at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
    • Strong track record of effectively assessing and managing competing priorities
    • Experience managing diverse teams and comfort navigating complex, highly-matrixed organizations
    • Excellent follow-up and time management skills
    • Highly proficient in MS Office (Word, Excel, Outlook, and PowerPoint)Education:
      • Bachelor's Degree required
      • Advanced Degree preferred-Job Family Group:Compliance and Control-Job Family:AML Core-Time Type:Full time-Citi is an equal opportunity and affirmative action employer.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.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting-Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Jersey City , Director, AML Compliance Risk Frameworks & Reporting - Policy and Training, Executive , Jersey City, New Jersey

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