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Director, Senior GFCII Manager - AML Compliance

Company: Citi
Location: Jersey City
Posted on: September 12, 2022

Job Description:

The Compliance Anti-Money Laundering (AML) Risk Management Director is a senior management level position responsible for establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader AML team. The overall objective is to manage a team, utilize in-depth specialty knowledge to identify issues/problems and devise recommendations for complex situations.

Responsibilities:

  • Lead and manage staff of AML professionals to accomplish goals and invest in the development of team members through the development and execution of AML training
  • Develop and assist in the implementation of firm-wide AML risk management policy and strategic AML Compliance Risk Management (ACRM) direction as well as maintain the AML compliance program for the businesses
  • Translate AML strategy and goals across Citi clients, products, and geographies in a succinct brief and clear manner as well as provide direction and guidance on the program
  • Provide advice to the businesses regularly on new business initiatives, new products, business acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags, or other client/transaction-related compliance escalations
  • Work with business/functional line management in recommending, developing, and executing on business initiatives within permissible statutory and regulatory frameworks
  • Assess complex issues, structure potential solutions, and drive effective resolution with other senior stakeholders
  • Liaise with regulators and Citi internal audit staff for AML matters including coordinating AML related examinations, audit and reviews, document production, and issue replies
  • Participate in and manage various internal assurance processes including regional enterprise wide and horizontal risk assessments, self-assessment, internal audit, and compliance testing review
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
    Qualifications:
    • 15+ years of relevant experience
    • 8-10+ years of managerial experience
    • Anti-Money Laundering (AML) certification
    • Experience in managing regulatory exams and relationships with examiners and auditors
    • Extensive knowledge of appropriate regulatory requirements including local and US laws, international and industry standards
    • Extensive knowledge of AML regulations, risks, and appropriate controls
    • Demonstrated leadership and motivational skills
    • Ability to work with regional and global partners, and influence and lead people across culture and senior level
      Education:
      • Bachelor s degree/University degree or equivalent experience
      • Master s degree preferred
        Director - GFCII Senior Manager

        Citi s Financial Crimes organization aims to protect our clients, our franchise, and the financial system from being used to facilitate money laundering and terrorist financing through a robust, globally consistent program focused on the prevention, detection and reporting of financial crimes which complies with applicable AML laws and regulations.

        Global Financial Crimes Investigations and Intelligence ("GFCII") has its mission to create an integrated approach to the prevention and detection of financial crimes by identifying vulnerabilities and mitigating risks to the bank. The GFCII has expanded its mission from Anti-Money Laundering to integrate areas including, but not limited to, Cyber-Enabled Financial Crimes, Data Intelligence, Vulnerable Person Program, Anti-Bribery and Corruption, Sanctions, Fraud, and Cryptocurrency. GFCII s responsibilities include identifying trends and patterns within Citi s data which will be distributed to relevant stakeholders for appropriate action or informational purposes with an objective to pro-actively identify ongoing unusual activity and emerging trends. This expansion requires a synchronized operational approach across the Financial Crimes umbrella. GFCII is a global unit with regional teams located in EMEA, APAC, LATAM/Mexico and NAM covering multiple countries in each region.

        The position is held by a senior professional responsible for leading risk mitigation and compliance adherence in coordination with the broader Financial Crimes Team. The overall objective is to use industry knowledge to influence and execute functional strategy, influence other functions/ business to address and mitigate risk. This position is a senior-level position critical to the success of the Citi Financial Crimes Program and the GFCII by providing subject matter expertise on financial crimes risk, Citi AML policies and lead projects that drive the strategic direction of the program.

        The role is responsible for managing multiple teams through other managers and direct management of certain global strategic initiatives and functions that have significant senior management visibility. The role includes acting as a global liaison to various regions relating to addressing significant events impacting the firm, holistic account closeouts, investigation progress and senior management requests. This role also determines approach to implementing global functional strategy and is responsible for executing this strategy within their organizational managed structure. Excellent communication skills are a major component as this role requires consistent engagement with senior level stakeholders both internally and externally to include internal audit, regulators, and law enforcement.

        This role oversees case investigations from beginning to end and recommends disposition for escalated investigations when applicable. Further, they will Identify and research high risk areas / typologies and trigger events for risk evaluation and will work collaboratively to analyze and review typologies to establish initiatives to identify and mitigate financial crime risk. This role supports the process for determining suitable data access requirements, the extent of data sharing access and restrictions in collaboration with the Data Privacy Office. As needed, this role escalates control findings to risk advisory or other relevant stakeholders. The manager will liaise with the General Counsel and other Regional Coordinators on investigation findings and participate in global and regional AML initiatives while providing feedback to enhance and improve controls across Citi businesses. The manager appropriately assesses risk, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy.

        In addition to the above listed responsibilities this position oversees the facilitation of the following multiple critical programs within GFCII critical to Financial Crimes compliance.
        • Global Sanctions Investigations-Serves as the investigative arm for Global Sanctions, oversees bi-weekly meetings with the Sanctions Intelligence Team.
        • AML High Risk Subpoena Process: Oversight of team that prioritizes and escalates appropriately the highest risk rated incoming AML subpoenas to include terrorist financing, political corruption and human trafficking.
        • FinCEN Special Measure Program-Manages Citi s responses to Special Measure requests. Oversight of sensitive reviews of extensive transactional wire activity throughout Citi s FCB network in response to government inquiry. Provide operational strategy to Team Leads in the development of an investigative methodology to address the risk associated with the inquiry. Extensive interaction with AML Legal and senior management.
        • Leads Operation Limestone-A Public Private Partnerships in which law enforcement provides feedback on filed SARs that are indicated as potentially linked to terror finance.
        • Foreign Correspondent Banking Oversight Committee (CBOC)- GFCII representative on CBOC sub-escalation committee responsible for escalating significant findings related to Citi s Foreign Correspondent banks to senior ICRM and business committee members.
        • Leads Significant Special Events- Addresses large scale initiatives that address significant risk i.e., investigation of any touchpoints in response to the Sanctions imposed in response to the Russian invasion of Ukraine.
          Key Responsibilities:
          • Manager of managers of diverse staff members across multiple locations aimed at protecting Citi and its clients from financial crimes; invest in the development of all team members to facilitate consistent execution.
          • Provide subject matter expertise on financial crimes risk, Citi AML policies and projects and participate as a member of policy and project teams; drive the strategic direction of the program.
          • Advise on the development and maintenance of financial crimes owned policies and standards and review the same to ensure regulatory requirements and operational risks are appropriately addressed. ..... click apply for full job details

Keywords: Citi, Jersey City , Director, Senior GFCII Manager - AML Compliance, Executive , Jersey City, New Jersey

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