VP, Digital Payments and Services AML – Hybrid

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Citi’s Global Legal Affairs and Compliance(GLAC) empowers and protects Citi by providing legal, compliance, investigative, and security services to our firm.  We manage compliance risk, provide legal analysis and advice, protect Citi’s people and businesses, advocate for legal and regulatory outcomes that benefit our firm and our clients, and ultimately promote behavior that is consistent with Citi’s mission and culture.

We’re currently looking for a high caliber professional to join our team as VP, Digital Payments and Services AML - Hybrid (Internal Job Title: Compliance AML Risk Mgmt Officer - C13) based in Hong Kong. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

Position summary:

The Anti Money Laundering (AML) Compliance Officer is a key role responsible for identifying AML risks in the TTS business, working to establish internal procedures, processes, and controls to prevent and detect money laundering, and assist in all matters concerning financial crimes in coordination with the broader AML team. This role will also work with First- and Second-line partners to identify and mitigate AML risks related to Citi's fintech and digital clients.

Key responsibilities:

• Providing day-to-day AML risk assessment and oversight for TTS products and high-risk client segments including Payment Intermediaries.
• Collaborate with the team to provide advice to business with respect to applicability of policies and implementation of AML program and regulatory changes.
• Provide input/advice/assess on business initiatives, new products, and complex transactions.
• Supervise and participate in internal assurance processes such as Enterprise-Wide AML Risk Assessment, Compliance Testing, and Internal Audit
• Promote global consistency of AML Compliance Risk Management practices and policies within business line and cross-sector.
• Analyze data, prepare, and present regional/global reports related to AML risk assessments, and monitor AML related issues and escalations.
• Develop and implement AML Compliance standards and policies.
• Lead enhanced due diligence reviews of existing clients, including compliance-to-compliance calls or site visits.
• Provision of guidance to Payment Intermediary Oversight Committee (PIOC) on AML controls and specific risk factors of existing and future clients, providing recommendations on how to mitigate any issues including follow-up conversations with clients.
• Developing new and updating AML standards, programs, guidelines, procedures, and related documents assuring, as appropriate, that AML compliance risks are adequately identified, assessed and controlled.
• APAC support for internal and external exams and audits related to the Payment Intermediary program. 
• Other duties that may be assigned from time to time.

Qualifications: 

• At least 5 years of related experience in Anti-Money Laundering Compliance, Banking or control-related function in the financial service industry.
• Must have a strong understanding of AML risks and typologies, especially related to digital payments and fintech.
• Sophisticated understanding of digital payments products and business models
• Effective communication, both written and oral, is crucial to successful job performance.
• Strong analytical and organizational skills are also necessary.
• Working knowledge of regulatory requirements

Additional Job Description

• Able to communicate effectively in Mandarin is preferable.

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today.

https://jobs.citi.com/dei

Able to communicate effectively in Mandarin is preferable

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