The Foreign Correspondent Bank and ICG North America KYC Risk Evaluation Management Head is a senior professional responsible for performing risk and compliance reviews in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to use cross-functional knowledge to lead AML team to achieve operational goals and maximize business impact. This role will manage operational planning and performance, and is expected to perform all applicable management tasks.

Responsibilities:

• Manage a global team consisting of approximately REM staff (+/- 60) who perform compliance reviews of certain new and existing high-risk customers and relationships in one or several business sectors that require AML Compliance review/approval. Business sectors include:
  • Foreign Correspondent Banking (FCB)
  • North America Institutional Clients Group
  • Overall responsibility for Global REM standards, procedures, and operational strategy.
• Coordinate with AML Senior Management, Business Management, AML Compliance Risk Management, AML Legal, Product Compliance, and CSIS to resolve issues, discuss patterns and trends, policy changes, etc.
• Interface directly with regulatory examiners, Internal Audit and Compliance Testing to discuss/evaluate observations, issues, process improvements, and potential corrective action plans.
• Serve as liaison between REM and AML Investigations for all escalated reviews during account opening and periodic review.
• Provide guidance and leadership to AML Team Leads and Analysts on all AML issues related to REM profile reviews, dispositioning, and methodology.
• Review and provide guidance related to escalations from the business and other areas within the AML organization.
• Mentor and provide coaching to team members when areas for improvement are identified.
• Review and approve permissible policy exceptions submitted by the business during the client onboarding and maintenance process.
• Evaluate name screening results (e.g., CIP discrepancies, internal watch lists, etc.) during the account opening and maintenance processes.
• Evaluate productivity metrics and quality reviews of Team Lead and Analyst to identify areas for improvement, training needs, and the degree of compliance with procedural requirements.
• Track MIS to report patterns and trends to AML Management and the business.
• Provide guidance to the respective business lines to include supporting the development of training materials.
• Manage and conduct enhanced due diligence (as necessary) in support of policies and procedures to perform the KYC REM functions.
• Consolidate investigation findings and prepare presentations to Senior Management.
• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 10+ years’ of experience
• Anti-Money Laundering (AML) Certification Preferred
• Previous supervisory experience
• Knowledgeable of the local/regional laws applicable to money laundering such as the Bank Secrecy Act, USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements along with Suspicious Activity Reporting requirements.
• 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.
• 6+ years' work experience in Compliance-related functions within, but not limited to, the following areas:
  • AML
  • Compliance
  • Risk management
  • Know your customer reviews/Enhanced Due Diligence for high-risk accounts
  • Financial crime investigations
• Commitment to understanding country-specific principles and business knowledge related to AML regulations.
• Highly motivated, team-oriented leader with exceptional skills in relationship management, communication, and a strong analytical mindset.
• 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.
• Previous experience leading global teams and mentoring staff.

Education:

• Bachelor’s/University degree. An advanced degree or AML Certification is desired.

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 FunctionsAll Job Level - All Job Functions - US

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