TTS AML Risk Group Manager, Director

New York
Sep 20, 2016
Sep 24, 2016
Employer Type
Direct Employer
Employment Type
Full Time
Job Board
Job Description:

* Primary Location: United States,New York,New York * Education: Master's Degree * Job Function: Risk Management * Schedule: Full-time * Shift: Day Job * Employee Status: Regular * Travel Time: Yes, 10 % of the Time * Job ID: Description About Citi Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities. Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all. Position Objective: This position is responsible for many aspects of the franchise-wide AML risk mitigation program in TTS Product. The position works closely with Internal Audit and Compliance partners on multiple things including management for exams and audits, guidance for new product approvals, responses to OCC Consent orders, and driving TTS work streams of global AML programs. Key Responsibilities: * Provide business oversight and lead operationalization of various components of the AML Program for TTS, including KYC, transaction monitoring, sanctions and other AML policy/ regulatory requirements * Support AML advisory & approval for TTS products, deals, projects etc. and ensure TTS management is kept updated on relevant AML risks and concerns * Help product teams and compliance assess AML risk for new products and businesses based on globally approved guidelines * Assess impact of proposed changes to AML policies/ procedures/ guidelines and work with Compliance to ensure the business operates in line with regulatory requirements * Provide business oversight to the AML monitoring program for TTS; work with Compliance to develop appropriate AML monitoring framework for key high risk programs * Monitor and track progress of significant AML initiatives for TTS globally and develop milestone reports for senior management * Support the TTS business in AML-related internal or external reviews, including managing exam preparation and deliverables, setting up steering committees for management updates, drafting responses to findings and tracking execution of corrective actions * Represent the TTS business and provide AML subject matter expertise at various global and regional committees and working groups * Coordinate with regional AML Risk team to ensure consistent approach to AML Risk issues and effectively communicate updates and promptly escalate issues and concerns Developmental Value: The position offers substantial experience in overseeing cross functional efforts to coordinate and manage AML Risk from a business perspective. The individual will further enhance subject matter expertise in new and emerging AML issues in Trade and Transactions services, particularly with respect to New Payment Methods. Qualifications Knowledge/Experience: * Global mindset and proven record of leadership experience in managing complex processes and/or large projects * Risk management, AML or Compliance job experience * Experience in the Treasury and Trade Services industry related projects and/or technology projects * Broad understanding of TTS products * The ability to effectively manage and navigate through multi-faceted disciplines throughout the organization Skills: * Deep cash management product knowledge * Strong negotiation, analytical and organizational skills * Excellent interpersonal and effective communication skills are a must. Strong Technological Proficiency/ Knowledge * Superior analytical/creative thinking skills * Preference will be given to candidates familiar with TTS products, US regulatory regime and related Compli