Anti-Money Laundering (AML) Risk Management 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.
As part of the AML Compliance Risk Management (ACRM) Team, ACRM Risk Frameworks is responsible for managing the full continuum of risk management programs which provide insight into the overall quality and health of the AML control framework, mitigation of AML risk, and business understanding of the AML risks owned across product lines and geographies. The team defines and implements holistic processes to provide effective oversight of the day-to-day management and mitigation of Citi’s anti-money laundering risk, operating within the firm’s defined AML Compliance Risk Appetite.
Compliance Monitoring is a fundamental component of the Compliance Risk Assurance area of Citi’s Compliance Risk Management Framework . Compliance Monitoring consists of activities to assist in the evaluation of how Citi businesses comply with laws, Regulations and Rules and adhere to related Citi Policies. Monitoring complements Testing, another Compliance Risk Assurance activity. Jointly, they provide coverage of compliance risks as defined in the Compliance Assurance Plan.
The AML Compliance Monitoring Officer role is a senior professional role. The AML Compliance Monitoring Officer role reports to the ACRM Program Oversight Head and is responsible for the ongoing review and analysis of overall risks and/or other business metrics that assist in the identification of potential violations of Laws, Rules, and Regulations or breaches of Policy in coordination with the broader Anti-Money Laundering (AML) Compliance Risk Management team.  The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data or result and formulate strategic recommendations on policies, procedures, and practices.
Responsibilities:
• Identify potential areas of risk and conduct targeted reviews to identify issues.
• Determine the root cause that contributed to or caused an issue, in order to help the business identify what actions are needed to minimize or eliminate repeat exceptions.
• Track identified issues.
• Follow up with business lines to validate that an identified issue has been mitigated.
• Document the results of evaluations, addressing the monitoring objective and the expected outcome.
• Collaborate with Assurance teams and share findings to conduct remediation, as necessary.
Qualifications:
• 5+ years of experience
• Anti-Money Laundering (AML) certification preferred
• A comprehensive understanding of the regulatory and compliance environment surrounding AML
• Working knowledge of industry standards and practices
• The ability to identify opportunities for enhancement and manage to completion
• Critical thinking and high quality written/presentational skills
• An ability to manage multiple deadlines across competing priorities
• Highly developed inter-personal and communication skills
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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Job Family Group:
Compliance and Control
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Job Family:
AML Compliance & Risk Mgmt
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Time Type:
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