VP, Financial Crimes AML New Product Approval Lead (C13)

Citi is optimizing its relationship structure to realize a fully integrated delivery model and partnerships to deliver a remarkable customer experience, all while effectively managing and minimizing risk to our clients and our franchise. With the changing global environment, Citi reprioritized focus on financial crimes, creating a Financial Crimes and Fraud Prevention (FCFP) organization. This fusion will streamline accountability and responsibility for Risk & Control activities and deliver process consistency to protect the firm against emerging financial crime risks.

Description of the Role:

The Financial Crimes Global Policy Adherence & Engagement Team within the FCFP organization supports the delivery and ongoing direction of a comprehensive Financial Crimes Program in partnership with multiple functions such as Compliance, Operations, Technology, Risk, Audit, and multiple stakeholders at all levels of management. This team is responsible for fostering a culture of control and compliance, customer centricity and accountability while leading efforts to identify, anticipate and mitigate AML, Sanctions and Ant-Bribery regulatory, reputational, and operational risks. Specifically, the Financial Crimes Analyst will support New Product Approval activities related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Sanctions/Screening, and Anti-Bribery & Corruption (AB&C) for USPB.  Scope of coverage includes CIP (Customer Information Program), KYC (Know Your Customer), AML, Transaction Monitoring (TM, CTR, etc.), and screening (sanctions and non-sanctions), and AB&C.  This role falls under the Business KYC Job Family / KYC Operations Lead Analyst job code.

Responsibilities:

• Lead MAD (Mergers, Acquisitions & Divestitures) AML New Product Approval (NPA) process, playbook and reference materials development and maintenance.
• Complete Product Log and Business Risk Reviews in the AML NPA tool.
• Lead change management process for internal reference materials/procedures that assist with completion of AML NPA process.
• Lead Business Sponsors and/or delegate(s) through the end-to-end AML NPA process for large scale projects.
• Identify key needs and capabilities required to optimize USPB AML NPA program through evaluation of program metrics, control reports, and program documentation/reference materials.
• Produce regular and robust program updates, inclusive of key performance and control metrics and for various forums and governance routines.
• Execute initial AML Impact Assessments for USPB projects while validating AML New Product Approval (AML NPA) proposals from various USPB businesses/departments.
• Execute various control activities to ensure adherence to the Global AML NPA Standard, identify and escalate non-adherence accordingly.
• Coordinate cross functional reviews of initiatives to ensure adequate impact assessments are conducted for appropriate risk mitigation and adherence to policy expectations.
• Facilitate condition and commitment (C&C) identification in partnership with Financial Crimes stakeholders.
• Review C&C(s) evidence for closure to ensure completion.

Qualifications:

• 6-10 years AML/KYC related work experience required
• Ability to review project proposals and partner with Business Sponsors or delegate(s) to identify AML risk.
• Knowledge of AML/KYC policy and regulations required.
• Knowledge of Cards and/or Retail Bank processes strongly preferred.
• Ability to manage multiple project requests simultaneously and appropriately prioritize workload.
• Proficient in MS Office applications and Adobe Acrobat Professional.
• Manage client expectations across various stakeholder groups
• Ability to identify and escalate potential policy breaches and/or control gaps.
• Knowledge and experience with working on USPB projects process preferred.

Education:

• Bachelor’s/University degree or equivalent work experience

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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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.

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