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VP, AML Regulatory Reporting Compliance Officer - NAM

Company: Citi
Location: Mount Royal
Posted on: June 25, 2022

Job Description:

The Compliance Anti Money Laundering Risk Management Officer is a senior professional level role responsible for establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data or result and formulate strategic recommendations on policies, procedures, and practices.Responsibilities:

  • Identify, vet and address potential risks or escalated issues with the assistance of functional partners
  • 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 on business initiatives, new products, and complex transactions
  • Supervise and participate in internal assurance processes such as Enterprise wide AML risk assessment, self-assessment, and internal audit
  • Promote global consistency of AML ACRM 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 Risk Management (ACRM) standards and policies
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.Qualifications:
    • 6-10 years of experience
    • Anti-Money Laundering (AML) certification required
    • Working knowledge of regulatory requirements including local, US, and international laws
    • Working knowledge of industry standards and practices
    • Consistently demonstrates clear and concise written and verbal communicationEducation:
      • Bachelor's Degree/University degree or equivalent experience
      • Master's degree preferredThis job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.Overview:The NAM Anti-Money Laundering (AML) Regulatory Reporting Compliance Officer is responsible for overseeing the requirements, and providing the appropriate governance and oversight related to local currency and other AML-related transactional regulatory reporting in alignment with the firm's AML Regulatory Transaction Reporting (RTR) Standard. - This role is responsible for the support of, and continuous improvement to, a globally consistent control framework surrounding the tracking and management of reporting processes, data completeness, quality assurance and metrics within Citi, all in accordance with local law requirements.This role is part of the AML Regulatory Reporting team which, in turn, forms part of the AML Risk Frameworks and Reporting Pillar within Citi's AML Program, reporting to the Senior Compliance Officer responsible for governance and oversight of the RTR Program. This team is responsible for the design and execution of the Regulatory Reporting framework that is integral and fundamental to the AML Program across Citi.Responsibilities:
        • Provide expert advice on requirements set forth in the firm's AML Regulatory Transaction Reporting Standard and Currency Transaction Reporting (CTR) Procedure.
        • Act as subject matter expert and provide credible challenge and coordinate, as necessary, discussions between stakeholders across Citi's footprint: Regulatory Reporting Contacts, the Business, Business Technology, Independent Compliance Risk Management (ICRM), AML Monitoring Risk Management, AML Technology, and any other potentially impacted functions.
        • Support the Global AML RTR Oversight Committee and NAM AML RTR Oversight Forum, which includes: collecting, consolidating and presenting the required reporting elements from business partners; arranging the preparation of meeting minutes (key discussion topics, decisions and action items); and, tracking the status of action items following the Global AML RTR Oversight Committee and NAM AML RTR Oversight Forum meeting.
        • Update the CTR Procedure, as necessary.
        • Analyze control measures and recommend enhancements to reporting capabilities and process deficiencies, where applicable.
        • Assess and identify emerging risks and recommend program enhancements.
        • Develop and deliver relevant training materials to business and functional partners.
        • Escalate critical matters to the appropriate AML and appropriate Business Risk forums for awareness.
        • Monitor corrective actions involving AML regulatory transaction reporting.
        • Assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
        • Review and support the execution of Management Control Assessment.
        • Review key RTR metrics to identify patterns of activity, outliers and opportunities for RTR process enhancements.
        • Understand and monitor the legal, regulatory and industry practices environment as it relates to RTR; provide up to date knowledge and expertise relevant to AML compliance and the businesses.
        • Maintain the Global and NAM AML RTR SharePoint sites to ensure the repository of Forum documents, Minutes and regulatory communications are up to date, and tracking of RTR related matters are current.Qualifications:
          • 6-10 years relevant experience, preferably with significant knowledge and expertise in AML Regulatory Reporting, specifically Currency Transaction Reporting, and AML controls program preferred.
          • AML Certification preferred
          • Ability to clearly and appropriately interpret regulation and regulatory guidance in terms of applicability to Citi's AML Program
          • Energetic and responsive team player with a proven ability to take initiative and work in a fast-paced environment.
          • Strong critical thinking and a desire to innovate, drive change and challenge the status quo
          • Strong interpersonal and communication skills to negotiate internally
          • Ability to problem-solve and comprehend end-to-end program processes in complex organizations
          • Excellent follow-up and time management skills
          • Highly proficient in MS Office (Word, Excel, Outlook, and PowerPoint)-------------------------------------------------Job Family Group: Compliance and Control-------------------------------------------------Job Family:AML Compliance & Risk Mgmt------------------------------------------------------Time Type:Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.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.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Philadelphia , VP, AML Regulatory Reporting Compliance Officer - NAM, Executive , Mount Royal, Pennsylvania

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