Financial Crime Risk Officer

Team/Role Overview

The Financial Crimes Risk team is part of the first line Risk & Controls function and is responsible for ensuring proactive, effective, and sustainable financial crimes risk management within the Services business which is one of Citi’s five interconnected businesses lines.

The Financial Crimes Risk Processes SVP is a first line role responsible for supporting the Services businesses in managing and mitigating financial crime risks end-to-end. This role will work with the global and regional Products, Business Risk, Operations, Technology and Compliance teams to identify and assess emerging risks to ultimately ensure that the control infrastructure in place can address them in a meaningful and effective manner. Equally, the Financial Crimes Risk Processes SVP will ensure adequate mapping and ongoing assessment of existing financial crime controls, focusing on the effectiveness of existing processes and controls, as well as their adherence to existing groupwide and local policies.  

The individual is required to provide oversight and assurance that existing controls are both effective and consistent with Citi standards and applicable law. Further, the individual will assist the prompt identification of control issues, root cause assessment, sustainable and robust issue resolution and appropriate escalation. The individual will also work with counterparts across other Citi lines of business to share control best practices and support management of sanctions risk holistically across the firm.

What you’ll do:

• Understand business-owned products, services, as well as corresponding financial crimes-related controls, and processes (e.g., customer, relationship, and transactional screening).
• Provide financial crimes compliance/risk management subject matter expertise to the Services businesses to ensure the design and implementation of a coherent and effective control environment.
• Assess existing control framework, identify potential compliance gaps.
• Drive execution ensuring compliance with applicable laws, rules, and regulations, as well as effectiveness of the control environment.
• Ensure adequate mapping of risk and processes and clear control ownership.
• Create & maintain a robust partnership with the business heads, operations, technology and the second line of defense.
• Escalate, assist management and reporting of control issues.
• Drive a consistent and holistic approach to Financial Crimes risk management across Services.
• Ensure early engagement on new business initiatives to ensure timely support of commercial priorities and full adherence to global and regional risk management policies and procedures.
• Conduct reviews of financial crimes processes and procedures to ensure that both controls and processes are in keeping with policy and business expectations.
• Assure that controls have been implemented consistently, with appropriate supporting documentation.
• Maintain current knowledge and understanding of product innovation, client needs and of changing regulatory requirements to continuously assess impact and changes needed to existing control environment.
• Serve as an escalation point for issues or emerging from Services Operations, and Technology.
• Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans.
• Prepare and provide regular updates to senior management and various governance committees on control issues and/or enhancements.
• Work with other Financial Crime Risk teams to ensure a consistent holistic approach to financial crimes risk management.
• Ensure robust and adequate reporting to senior management.
• Help identify opportunities for streamlining processes and implement efficiencies that will lead to enhanced client experience.
• Support the timely response to regulatory inquiries.

What we’ll need from you:

• Bachelor’s/University degree required; master’s degree desirable.
• Financial Crime certification preferred (ACAMS, ACSS etc.).
• Strong professional experience in Financial Services, in AML/Sanctions Compliance or Business/Product Operations and/or Risk & Controls with focus on Financial Crimes Risks.
• Knowledge and understanding of Payments, Correspondent Banking, Trade, Working Capital, and Liquidity Management products.
• Excellent interpersonal skills.
• Able to work independently and deliver according to strict timelines and quality standards.
• Demonstrated ability and confidence to challenge business management, escalate issues and press for change.
• Good oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.
• Able to drive change to business practices by working effectively across a global organization.
• Self-starting with the ability to multitask and prioritize.
• Proven people and team management skills.
• Project management and change capabilities are essential.
• Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
• Demonstrated analytical skills with follow-up and problem-solving capability.
• Ability to analyses a process and recommend ways to improve quality, controls, and efficiency.

What we can offer you:

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus 
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program  
• Pension Plan 
• Paid Parental Leave 
• Special discounts for employees, family, and friends 
• Access to an array of learning and development resources 

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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