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Vice President, AML Risk Mgmt - Banking Capital Markets Advisory Officer - LATAM

Citigroup Inc

Location: Tampa, Florida
Type: Full-Time, Non-Remote
Posted on: September 1, 2020
This job is no longer available from the source.
The Compliance Anti Money Laundering Risk Management Officer is a senior professional level role responsible for coverage of risks within the LATAM region and be part of the LATAM BCMA ACRM (AML Compliance Risk Management) team:
- Geographic scope: Latin-America and the Caribbean (excluding Mexico).
- Business coverage: Banking, Capital Markets and Advisory (BCMA)
The candidate will provide support to the LATAM BCMA ACRM Head, credible challenge to the BCMA business in LATAM, and oversee risks associated with BCMA customers and transactions across a region of 21 countries which includes a number of high risk countries (due to both geopolitical and corruption-related considerations).
Responsibilities:
• Identify and/or assess risks of sensitive clients and transactions requiring ACRM involvement, propose mitigation strategies and liaise with country, regional and global stakeholders to support the Business in accordance with Citi’s risk appetite, particularly with regards to financial crime and corruption-related risks.
• Propose approaches to managing AML and reputational risks, and control issues, considering both Citi’s global standards and region-specific nuances
• Provide subject-matter expertise on AML and KYC issues related with clients, transactions and new products for banking, capital markets, agency and trust, custody, etc.
• Coordinate and challenge responses to enterprise risk assessments across LATAM (i.e. EWARA and Horizontal product risk assessments)
• Execute ACRM MCAs (Manager's Control Assessments)
• Assist in the development and execution of Global AML policies and guidelines in the LATAM Region, and advise country AML, Business and Operations teams, in particular the BCMA lines of Business.
• Liaise with country, regional and global counterparts to address questions, and to explore and propose solutions to challenges posed by multiple stakeholders.
• Approve, recommend and follow up on risk-mitigation actions with respect to clients, products or transactions that could expose Citi to operational and reputational risks derived from financial crime and corruption.
• Uphold AML Compliance Risk Management (ACRM) standards and policies
• Help coordinate sensitive investigations with country AML teams, the Financial Intelligence Units and the Global Investigation Unit.
• Review and recommend approval of policy exceptions and escalations, in accordance with Citi’s risk appetite.
• Participate in various assessments such as the annual Enterprise-Wide Risk Assessment (EWARA), and Horizontal product risk assessments.
• Execute quarterly tests of a [limited] number of ACRM-owned controls, as part of the Manager’s Control Assessment (MCA) system.
• Enhance ACRM’s role as subject matter experts and point of contact for its respective lines of Business, by assisting, evaluating and providing guidance regarding relevant money laundering and corruption risks
• Review and recommend approval of new product/services
• Evaluate AML and corruption risks when negative information is found in BCMA episodic deals and other Business Transactions.
Qualifications:
• 6-10 years of experience
• Anti-Money Laundering (AML) certification a plus
• Working knowledge of regulatory requirements including local, US, and international laws
• Working knowledge of industry standards and practices
• Consistently demonstrates clear and concise written and verbal communication
• Candidate must have working proficiency in both English and Spanish
Education:
• Bachelor’s Degree/University degree or equivalent experience
• Master’s degree preferred
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Grade :All Job Level - All Job Functions
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Time Type :Full time
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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Job Type: Full time