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SVP, AML Compliance Officer - Treasury and Trade Solutions (TTS) Banking as a Service (BaaS)

Company: Citi
Location: Ruskin
Posted on: June 21, 2022

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.

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

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

Bachelor Degree (4 Year University) or equivalent experience required

Job Family Group:
Compliance and Control -------------------------------------------------
Job Family:
AML Compliance & Risk Mgmt ------------------------------------------------------
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, Palmetto , SVP, AML Compliance Officer - Treasury and Trade Solutions (TTS) Banking as a Service (BaaS), Accounting, Auditing , Ruskin, Florida

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