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Director, AML Detection Program Intelligence Exchange (Hybrid)

Company: Citi
Location: Sun City Center
Posted on: November 18, 2022

Job Description:

The Compl AML Core Director is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Recognized subject matter expert within one area. Strong commercial awareness is a necessity. Is an acknowledged authority both within and outside area of expertise. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication is typically required. Provides advanced judgment and conducts in-depth quantitative or qualitative analysis to solve problems and develop new, innovative solutions. Required to think beyond existing solutions, assumptions or current knowledge of sophisticated areas. Significant impact on a function and/or the business through making decisions that determine technical approaches and strategies for the area.Responsibilities:

  • Design, develop, deliver, and maintain best-in-class AML Compliance policies and practices; provide a mechanism for identifying key money laundering risks and how the mitigation of those risks would be monitored and measured through a robust control framework. Conducted reviews consistently across each entity on a regular basis to confirm that the controls identified are operating effectively.
  • Develop and improve upon the Governance and Escalation framework to inform senior management in a timely manner of emerging issues for promptly action and correction.
  • Establish a formal Feedback Channel with the Businesses, Internal Audit and Compliance Assurance to validate that root cause analysis is performed proactively and communicated to relevant stakeholders through the established channel. In addition, review, consolidate, address, and track to resolution significant issues identified through root cause analysis to senior management. Furthermore, confirm that the feedback / root causes from various channels is consolidated and shared within Compliance to allow for enhancements to Policy/Standards and Learning & Development, as necessary.
  • Continually review and monitor the results from Manager Control Assessments (MCAs) to determine if changes are required.
  • Liaise with US and foreign regulators externally and Citi Internal Audit and Compliance Assurance staff, as appropriate, including coordinating AML-related examinations, audit and reviews, document production, and issue responses - to confirm that there is consistency in responses and issues are communicated across regions, such that actions and conclusions are shared.
  • Provide adequate training to the Business lines and other AML Compliance employees, and, as needed, participate in the design and delivery of training as required, to inform employees of the objectives of the program.
  • Engage a diverse team of staff across multiple locations; invest in the development of all team members to facilitate consistent execution.
  • Additional duties as assigned.
  • 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.Qualifications:
    • 15+ years relevant experience
    • AML certification
    • Prior work experience in a financial institution with job specific work experience in AML
    • Self-motivated and detail oriented
    • Consistently demonstrates clear and concise written and verbal communication skills
    • Advanced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging Significant knowledge and expertise of AML regulations, risks and appropriate controls Experience in the design and implementation of AML programs
    • Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
    • Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
    • Experience with and previous exposure to internal or external control functions and regulators (incl. the US); particularly banking and AML regulators
    • Level of comfort with creative tension across different lines of defense while maintaining professionalism and a shared goal of increased quality levels across the program
    • Demonstrated ability to effectively assessing and managing competing priorities Experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirementsEducation:
      • Bachelor's/University degree required
      • Master's degree preferredThe Director of the AML Detection Program Intelligence Exchange plays a critical role in furthering Citi's critical Anti-Money Laundering mission to protect the firm, its clients and the financial system from the impacts associated with financial crimes including money laundering and terrorist financing. - This role supports a unique team in helping to maintain a robust, globally consistent AML Detection and Customer Insights program focused on the prevention and detection of AML risks in compliance with global AML laws and regulations. - This individual will be responsible for developing and coordinating enterprise AML and related financial crimes program metrics derived from our new data lake and associated customer insights platform.The Director of the AML Detection Program Intelligence Exchange will partner across the Monitoring, KYC, and Investigations senior leadership teams including key business and functional partners to define, test, and execute against the new AML Detection metrics oversight process. - This role will support the establishment of robust control assessments to ensure the design and generation of Global AML TM metrics and reporting are informed by the universal data model leveraging feedback from all stakeholders.This person is responsible for assessing complex issues, designing potential solutions, contributing to a culture of learning and continuous improvement, and driving to resolution with senior stakeholders. - Leveraging new technology, this role will help connect dots between intelligence functions and translate investigative insights into typologies for feature engineering. - By creating a framework for continuous intelligence collection, this role will also support critical integration activities derived from the National AML Priorities as defined by FinCEN as well as other global public/private sector data sharing efforts.Demonstrated experience and success in transformational change management processes and practices is a must; knowledge of AML and financial services operations across all businesses is a plus. - As a representative and extension of the Citi AML brand, this person will liaise with regulators and auditors on critical AML issues, participate in key governance forums, risk assessment and training initiatives, and support reporting to the Compliance Committee of the Board, the GBRC (Governance and Business Risk Committee), and other executive governance groups. -Responsibilities:
        • Develop and support a metrics and business intelligence program for monitoring, detection, and customer risk leveraging AML's new technology stack
        • Use independent and professional judgment to proactively review AML investigations and extract and measure case and SAR data in support of feature engineering efforts
        • In partnership with the internal AML and FCC leadership teams, serve as a liaison developing and deploying protocols for intelligence sharing that supports the AML detection program
        • develop and drive initiatives that transform and modernize the capabilities and services of monitoring within the AFC function
        • Analyze testing results to identify trends and thematic issues relating to controls design and operating effectiveness
        • Leverage information from research to brainstorm ideas and support innovation activities across other detection functions by collaborating with risk coverage, scenario development, and data science teams
        • Manage critical regulatory deliverables that require insights derived from our data
        • Analyze existing and proposed legislation, regulatory announcements, and industry practices to execute a robust and effective AML detection process
        • Proven management experience with the ability to deal with senior key partners within both AML/FCC and Technology.
        • Ability to prioritize delivery across multiple commitments in a timely manner and simplify legacy complex processes to find creative solutions to challenges.
        • Work with internal partners to support new scenario development activities
        • Support management's strategic long-term vision with the pragmatism to manage short-term demands and ongoing regulatory efforts.-------------------------------------------------Job Family Group: Compliance and Control-------------------------------------------------Job Family:AML Core------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:Tampa Florida United States------------------------------------------------------Primary Location Salary Range:$170,000.00 - $300,000.00------------------------------------------------------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 .View the "" poster. View the .View the .View the -----------------------------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 , Director, AML Detection Program Intelligence Exchange (Hybrid), Executive , Sun City Center, Florida

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