The Global AML KYC Foreign Correspondent Bank (FCB) Program is focused on the effective execution of the customer due diligence process, specifically for FCB clients. Working with KYC-related representatives, the group coordinates the timely completion of an FCB client's Periodic Review.  The effective execution of the customer due diligence process for Citi’s FCB client base relies on coordination between the Global AML KYC organization and KYC-related representatives.
FCB customer due diligence records are created and maintained on a strategic onboarding platform, which includes workflow functionality to facilitate information being incorporated into client records, as well as the subsequent necessary levels of review and approval.  The due diligence process for FCB is facilitated by multiple teams in Global KYC consisting of analysts assigned to a given client record who work together to ensure that the various components of the client’s record are complete and up to date.
AML KYC FCB Risk Evaluation Management (REM) Team reviews the potential AML risks associated with certain prospective and existing clients so that the client does not present undue legal, regulatory or reputational risk to Citi.  To ensure completeness and accuracy of a client record, REM works in partnership with the Periodic Transaction Review (PTR) Team, the AML Program Assessment (AMLPA) Team, the Due Diligence Unit (DDU), and KYC Business Owners during periodic review of the client.
The primary role of an AML KYC FCB REM Analyst focuses on the facets of a KYC Profile that pose an AML risk. The REM Analyst reviews the client profile in the context of potential associated risks to assess and understand the level of AML risk posed by the client to Citi, in accordance with the framework set by the Global KYC Policy and its supporting Standards. This also includes a quality assurance check of the record for full completeness and accuracy
Responsibilities:
• Act as an subject matter expert within FCB REM by providing advice, including an indication of the potential for significant risk, from AML for all higher risk clients, or where required by certain high risk triggers in the KYC Record to the Business in an appropriate time frame.
• Review of Customer Identification Profile (CIP) information in the Client Profile in comparison to the documentation provided
• Review of Customer Due Diligence (CDD) Including but not limited to the Periodic Transaction Review (PTR), AML Program Assessment, Site Visits, and AML Risk Summary
• Assess Name Screening and Sanctions hits, evaluate the risks involved and escalate as necessary
• Review of the Customer products and services to ensure alignment with the other KYC aspects of the client in a holistic review of AML Program and PTR risks
• Review of any potential Bearer Shares issues
• Assess Casinos and Internet Gaming activity/involvement with the Client
• Focus primarily on main approval workflow and ensure timely completion of records.
• Provide advice from an AML perspective on issues escalated by the Business.
• Confirm all reputational risk information, including information relating to sanctions, bribery or corruption has been initially assessed and analyzed by the relevant Business or AMLCO, if necessary, to determine if the information relates to the client and any concerns and comfort levels have been appropriately documented.
• Escalate AML concerns or any significant suspicious activities to senior management
• Develop recommendations to improve any processes within an FCB REM review and submit these to management.
• Support management with provision of accurate weekly and monthly metrics if requested.
Qualifications:
• 2-5 years’ relevant experience
• Bachelor’s Degree and AML Certification preferred
• Effective verbal and written communication skills
• Recent working knowledge of AML legislation and regulatory requirements.
• General understanding of Senior Public Figures, Money Service Businesses, Wealth Management, and Retail Banking preferred, as well as Citi lines of business, client categories, and compliance within those business segments.
• Experience in the application of KYC/CDD/EDD requirements.
• Ability to rapidly comprehend new and complex correspondent banking products.
• Commitment to understanding country-specific principles and business knowledge related to AML regulations.
• Proactive, organized, and ability to work independently with minimal supervision.
• Proficient with open-source research techniques and understanding of the intelligence cycle.
• Must be able to multi-task and complete projects on time.
• Understanding appropriate escalation and follow-up methods when potential AML risk is identified.
• Ability to independently refer to policies and procedures and put into context with regards to this role.
Education:
• Bachelor’s/University degree preferred or equivalent experience
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 Execution
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Time Type:
Full time
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Job Type: Full time