VP, AML Compliance Monitoring Officer - Hybrid

Company: Careerbuilder-US
Location: Palm Harbor
Posted on: January 15, 2023

Job Description:

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 Anti-Money Laundering (AML) Business and Product Team, AML Risk Frameworks and Reporting 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.RoleThe AML Compliance Monitoring Officer role is a senior professional role. The AML Compliance Monitoring Officer role reports to the AML 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.Key Job Responsibilities

• Help to build the annual AML Compliance Monitoring Plan, including creating compliance monitoring routines and procedure steps.
• 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.
  • Coordinate AML Compliance Monitoring activities across regions.
  • Document the results of evaluations, addressing the monitoring objective and the expected outcome.
  • Collaborate with AML teams and share findings to conduct remediation, as necessary.
  • Produce reporting related to AML Compliance Monitoring findings and the status of the overall AML program.Skills
    • A comprehensive understanding of the regulatory and compliance environment surrounding AML.
    • The ability to identify opportunities for enhancement and manage to completion.
    • Critical thinking and high quality written/presentational skills.
    • The role requires an ability to manage and plan for multiple deadlines across competing priorities. Also required are highly developed inter-personal and communication skills.Qualifications:
      • 5+ years of experience in Anti-Money Laundering/Financial Crimes
      • 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 skillsEducation:
        • Bachelor's Degree/University degree or equivalent experience
        • Master's degree preferredThis job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.-------------------------------------------------Job Family Group: Compliance and Control-------------------------------------------------Job Family:AML Core------------------------------------------------------Time Type:Full time------------------------------------------------------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 "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting-----------------------------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.

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