Compl Risk Mgmt Officer (Hybrid)

About the role

The Anti-Money Laundering Compliance Risk Management (ACRM) function is the second line of defense in mitigating money laundering and terrorist financing risks for Citi and its customers in the global marketplace. Citi’s ACRM team draws on deep expertise, strong risk management skills and applicable business knowledge to actively identify, assess and manage AML risk across Citi’s clients, products and geographies. ACRM is an effective and trusted information source to the business on AML laws, regulations, policies, practices and works with other AML partners on the design, development, and refinement of the Citi AML Program. The group is responsible for assessing complex issues, structuring potential solutions, and driving to effective resolution with business stakeholders while providing credible challenge of business products, processes, and systems.

This role, with the Funds Transfer Compliance Oversight team, is a data analytics position which will support the wider team to effectively challenge and oversee the first line of defense’s adherence to applicable local funds transfer regulations (e.g., US Travel Rule, EU FTR) and Citi Policies and Standards.

The Global Funds Transfer Compliance Oversight (FTCO) team works with global and country AML, Sanctions, and Legal colleagues to provide advice and guidance to business Product Development, Payment Operations, and Technology teams. Support covers a range of areas including compliance with AML regulatory and legal requirements, client implementations and payment processing rules, assessment of operational structures for new products and services, guidance and oversight for transformational technology/infrastructure initiatives, and review of payment channels and schemes that may result in reputation/franchise risk for Citi.

The Global Funds Transfer Compliance Oversight (FTCO) Data Analytics Lead supports the global framework and program structure for the function. In addition to leading the Data Analytics workstream within FTCO, the role will assist in the development and implementation of internal procedures to prevent non-compliance with Funds Transfer regulatory and policy requirements and all related payment transparency issues that have an impact on financial crime compliance in coordination with the broader Anti-Money Laundering (AML) team.

The primary objective of this role is to utilize established disciplinary knowledge and methodologies to identify inconsistencies in payment data resulting in payment transparency issues, and formulate strategic recommendations on the policies, procedures, and practices of the relevant Product Development and Payment Operations, and Technology teams to ensure the relevant regulatory and policy requirements are consistently met.

Responsibilities:

• Support the development of a global framework, including drafting policies, standards, and procedures for the execution of Global Fund Transfer Compliance Oversight and challenge for Product Development, Payment Operations, and Technology teams.
• Provide support to cross-LOB teams including Product Development, Payment Operations, and Technology, to implement global payment transparency standards and best practices and document known country variations within country regulatory environments related to FATF-16/Funds Transfer Regulations.
• Provide global Product Development, Payment Operations, and Technology teams with day-to-day support on payment transparency regulations applicable to new products and services, client implementations, and payment processing.
• Analyze payment data and metrics presented by the Business, prepare and present reports related to payment transparency and associated compliance risks, and monitor related issues, escalations, and corrective actions.
• Perform proactive assessment of compliance with payment transparency requirements and engage Product Development, Payment Operations and Technology teams to agree/execute remediation plans.
• Collect, normalize, and analyze large sets of data from various source systems across Payments and Services functions of the bank with the ability to apply quantitative and qualitative data analysis methods
• Validate the data being utilized to identify data quality issues (if any), and work with Technology to address them
• Question and validate assumptions of the data with the appropriate points of contacts, coordinating with data providers and stakeholders if more information is required beyond the data available
• Identify relationships and trends in data, as well as any factors that could affect the results of research. Escalate identified risks and sensitive areas in terms of methodology and processes
• Utilize information from global regulatory changes, new regulations, and internal policy changes to further identify new key risk areas.
• Develop approaches/action plans to compliance and control issues by weighing various alternatives and balancing potentially conflicting situations.
• Provide support and oversight for cross-functional ad-hoc AML projects, including leading on project work streams as needed which arise from time to time out of regulatory or environmental changes.
• Manage and collaborate with global stakeholders including AML Technology, Monitoring Risk Management and Operations to mitigate AML and Terrorist Financing risks.
• Demonstrate ability to continuously learn and provide value in a dynamic environment
• Managing the day-to-day aspects of the program

Experience:

• 6+ years of primary experience in Data Analytics activities like data extraction, reporting, trending, identifying patterns and creating insights etc.
• 6+ years relevant professional experience in AML compliance, risk, or a control-related function within a medium or large Financial Institution.
• Significant experience within payments and cash management businesses, with a particular focus on product management, development, operations, and technology functions.
• Knowledge of the local/regional laws and regulations applicable to Fund Transfer regulations and anti-money laundering is required
• Knowledge of AML laws and regulations including a general and broad understanding of key AML and reputational risks (PEPs, Sanctions, AB&C, etc.) is a plus.
• Knowledge of payment industry trends, innovations, emerging risks as well as key regulatory risk drivers.
• Experience with high profile projects and regulatory deliverables
• Design and implement end-to-end data pipelines to analyze, manipulate large volumes of structured and unstructured data
• Strong critical thinking for insights and solutions, including those that are self-identified
• Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Ability to work collaboratively with cross-functional units; ability to navigate a complex matrix environment.

Preferred Skills:

• Experience in Data Analysis, including utilizing Big Data, Artificial Intelligence, and Business Intelligence solutions, along with extensive analytical programming techniques
• Exceptional SQL skills using tools like Teradata, MS SQL, MySQL, Hadoop; familiarity with DB Visualizer, Starburst is a plus.
• Strong fluency in Python /SAS and Microsoft Office applications, particularly Excel and PowerPoint
• Experience with Tableau and/or other BI Analytics toolsets (Tableau Preferred)
• Excellent communications skills, including ability to present detailed analysis and recommendations to business stakeholders in a succinct manner.
• Proficiency in Microsoft Office suite: Word, Excel, PowerPoint.
• Unwavering commitment to working collaboratively and cooperatively with other team members.
• Proven ability to work independently and be a self-starter.

Education:

• Bachelors (4 Year University) Degree in a relevant field or equivalent experience required
• Advanced Degree (MS, MBA, JD, etc.) preferred
• CAMS certification preferred

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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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Anticipated Posting Close Date:

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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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