The AML Compliance Lead Analyst is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.
Responsibilities:
- Evaluate, enhance and implement best -in-class AML Compliance policies and practices.
- Provide expert advice on AML Compliance policies to the AML/Financial Crime Support teams and the business.
- Perform AML Compliance quality and testing, evaluate process deficiencies, analyze control measures, enhance reporting capabilities and recommend corrective actions while satisfying regulatory and audit commitments. Further, assess and identify emerging risks and recommend / drive program enhancements.
- Evaluate and respond to escalated matters; further escalate unusual activity as needed. Advise senior management on next steps.
- Create, develop and deliver relevant training to business and functional partners.
- Additional duties as assigned.
- Has the ability to operate with a limited level of direct supervision.
- Can exercise independence of judgement and autonomy.
- Acts as SME to senior stakeholders and /or other team members.
- 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:
- 10+ years relevant experience
- AML Certification
- Consistently demonstrates clear and concise written and verbal communication skills
- Self-motivated and detail oriented
- Advanced analytical skills Ability to both work independently and collaborate with team members
- Proficient in Excel and Word – ability to learn multiple system applications quickly
Education:
- Bachelor's/University degree, Master's degree preferred
- Serve as principal contact with local regulators on AML matters for CGMIPL
- Lead in the preparation and engagement with local regulators for AML-related regulatory examinations and supervisory visits;
- Respond to inquiries from local regulatory bodies, governmental agencies and/or law enforcement authorities, as required for CGMIPL
Regulation and Policy responsibilities:
- Review the Regulatory Inventory to confirm inclusion of all AML laws, rules and regulations (LRRs) for the legal vehicle;
- Identify new AML LRRs and changes to existing LRRs, working with the Country AML Compliance Officer (AMLCO), as appropriate;
- Analyse impact of regulatory changes and develop and oversee action plans to achieve compliance; working with the Country AMLCO and impacted business lines/functions, as appropriate.
- Raise Corrective Action Plans (CAPs), as applicable, to ensure compliance with local AML-related laws, rules and regulations;
- Revise local AML policy documents to align with Global AML policy documents and LRR updates and socialize with relevant country staff.
Know Your Customer (KYC) responsibilities:
- Act as KYC Risk Evaluation Management Designee as required, reviewing customer due diligence records for clients booked to the relevant jurisdiction/legal vehicle;
- Ensure that the relevant local rules and requirements for customer due diligence are accurate and up-to-date in critical business systems;
Investigation and reporting responsibilities:
- Act as Citi Financial Intelligence Unit (FIU) designee, as required, reviewing AML transaction monitoring alerts as well as manual escalations and undertaking investigations of potential suspicious activity;
- Prepare and submit Suspicious Activity Reports (SARs) to local authorities as applicable for CGMIPL;
- Work with the regional AML Monitoring Risk Management team to ensure that appropriate transaction monitoring is in place as required by local regulations.
- Prepare, review and/or provide oversight for any other regulatory mandated reporting as applicable
Governance, Risk & Control responsibilities:
- Ensure that local AML-related issues requiring Corrective Action Plans are resolved in a timely manner
- Undertake regular Manager Control Assessment (MCA) testing for CGMIPL AML assessment unit
- Lead in the preparation for local AML-related internal audit reviews and Compliance Assurance Risk Reviews;
- Report to local AML committee(s) and/or GBRC or other applicable governance forums on AML-related matters;
- Ensure that any local AML-related issues requiring escalation are brought to the attention of regional senior management and to regional governance forums, as appropriate.
- Work with Business to ensure proper AML controls are in place for new product/services/locations
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Job Family Group:
Compliance
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Job Family:
AML Core
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Time Type:
Full time
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