Services Financial Crimes Risk Lead Analyst - VP

Treasury and Trade Solution (TTS) is part of Services Group. TTS is a leading provider of cash management, treasury, trade, clearing, depository receipts and commercial cards services. TTS has a global network spanning more than 100 countries and is unique in the industry for its reach, interoperability and flexibility. We provide clients with dynamic data and tools to effectively manage their portfolios, financial positions, working capital and supply chains. 

Team/Role Overview

The Services Financial Crimes Risk team is a first line 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 - VP 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 – VP will support the team to 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.  

Responsibilities:

• 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.
• Assist the team to 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.
• Escalate, assist management and reporting of control issues.
• 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.
• Assist in preparing 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.
• Help identify opportunities for streamlining processes and implement efficiencies that will lead to enhanced client experience.
• Support the timely response to regulatory inquiries.

Qualifications & skills:

• Bachelor’s/University degree required; master’s degree desirable.
• 5 to 10 years’ experience in financial crime compliance or risk management.
• 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 of Digital Assets.
• Excellent interpersonal skills.
• Able to work independently and deliver according to strict timelines and quality standards.
• 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.

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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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