SVP, AML Compliance Officer - Treasury and Trade Solutions (TTS) Banking as a Service (BaaS)
Company: Citi
Location: Ruskin
Posted on: June 21, 2022
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Job Description:
The Anti-Money Laundering Compliance Risk Management (ACRM)
function is the second line of defense in mitigating money
laundering and terrorist financing risks for Citi and its customers
in the global marketplace. Citi's ACRM team 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. ACRM is an effective and
trusted information source to the business on AML laws,
regulations, policies, practices and works with other AML partners
on the design, development, and refinement of the Citi AML Program.
The group is responsible for assessing complex issues, structuring
potential solutions and driving to effective resolution with
business stakeholders while providing credible challenge of
business products, processes and systems.
The Banking as a Service (BaaS) ACRM Officer works with global,
regional and country AML, -Sanctions, and Legal colleagues to
provide advice and guidance to the TTS Payments and Receivables
BaaS team. - Support covers a range of issues including compliance
with AML regulatory and legal requirements, client deals and use
cases, assessment of new BaaS solutions from an AML perspective,
guidance and oversight of the transformational technology/
infrastructure initiatives supporting BaaS, and review of the
regulatory/ reputational/ franchise risks for Citi implicit in
these offerings.
The ACRM TTS BaaS Officer is a senior level role responsible for
providing oversight and challenge to the TTS Payments and
Receivables BaaS team. - The role holder will monitor performance
of existing controls, track known issues and remediation, and
provide continual challenge to the business on the efficacy of the
control environment relative to business offerings. - This
individual will be expected to foster strong relationships with
business partners and work effectively with them to help guide the
design of new client offerings and use cases to ensure robust risk
management is considered and integrated. - The overall objective
for this role is to utilize established disciplinary knowledge to
identify areas of concern and formulate strategic recommendations
on the practical program enhancements required to mitigate risk. -
The ACRM TTS BaaS Officer reports directly to the NAM Head of TTS
ACRM.
Responsibilities:
Manage day-to-day oversight and challenge of the TTS Payments and
Receivables BaaS team, including evaluation of business strategy,
product design and launch, and client deals and use cases.
Primary point of coverage globally for the Payer ID and Virtual
Accounts products, including monitoring of compliance with
regulatory requirements, tracking product control enhancements, and
critically evaluating ongoing operation.
Provide thought leadership, guidance, oversight, and challenge to
global LOB teams working on infrastructure developments to support
BaaS to ensure system enhancements and changes appropriately
consider impacts to AML compliance requirements.
Provide global TTS Payments and Receivables BaaS teams with
day-to-day support on AML compliance matters relating to client/
deal prospects, on-boarding and ongoing monitoring, product and
service launches, and client issue escalations/ exits.
Collaborate with global stakeholders including AML Technology,
Monitoring Risk Management and Know Your Customer teams to mitigate
AML and Terrorist Financing risks.
Utilize latest information and updates to global regulatory
requirements, internal policy standards, and industry developments/
market trends to identify potential risks.
Analyze comparative data, prepare and present reports related to
AML risk assessments, and monitor AML related issues and
escalations.
Develop approaches/ action plans to compliance and control issues
by weighing various alternatives and balancing potentially
conflicting situations.
Provide guidance and support for cross-functional ad-hoc projects,
including leading on project work streams as needed, which arise
from time to time out of regulatory or environmental changes. -
Other duties that may be assigned from time to time, such as ad-hoc
investigation projects
Qualifications:
10+ years of relevant work experience within a medium or large
Financial Institution
3+ years work experience in AML compliance, risk, or a
control-related function
Solid understanding of Transaction Banking products and services
and the corresponding AML risks
Knowledge of and enthusiasm for developments within the payments
space, including awareness of industry trends related to digital
payments and Banking as a Service (BaaS) considered a plus
Knowledge of AML laws and regulations, including a general and
broad understanding of key AML and reputational risks (PEPs,
Sanctions, AB&C, etc.) required
A background in general compliance/ legal/ audit, and candidates
who can demonstrate an understanding of Citi AML policies and
procedures, will be considered a plus
Proven track record of delivering results in a challenging and
changing environment
Proficiency in Microsoft Office suite: Word, Excel, PowerPoint
CAMS certification preferred
Preferred Skills:
Excellent interpersonal and team-building skills
Motivated, enthusiastic and positive
Excellent judgement and analytical skills with significant
attention to detail
Excellent communications skills, including ability to present
detailed analysis and recommendations to business stakeholders in a
succinct manner
Unwavering commitment to working collaboratively and cooperatively
with other team members
Effective and proven management skills, self-managing and
comfortable coaching staff
Able to work on own initiative, self-starter
Highly organized, efficient and able to multi-task
Strategic and goal-oriented
Education:
Bachelor Degree (4 Year University) or equivalent experience
required
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Job Family Group:
Compliance and Control
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Job Family:
AML Compliance & Risk Mgmt
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Time Type:
Full time
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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
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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, Palmetto , SVP, AML Compliance Officer - Treasury and Trade Solutions (TTS) Banking as a Service (BaaS), Accounting, Auditing , Ruskin, Florida
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