Global REM - AML KYC Foreign Correspondent Bank/Payment Intermediary Senior Analyst

Overview of Citi:

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. 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. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

The role:

The Global AML KYC Foreign Corresponding Bank (FCB) / Payment Intermediary (PI) Risk Evaluation Management (REM) Team function is to review FCB / PI KYC Profiles from both a qualitative and risk perspective.  In this function FCB / PI REM Analysts perform 1) a Quality Checker review for completeness and accuracy; and 2) a risk evaluation to holistically assess the risk attributes in conjunction with the client’s KYC Profile to determine whether to on-board or maintain the relationship from a risk perspective. 

To achieve this goal, a REM analyst needs to be able to comprehend Global KYC Policies and Standards and PI requirements, understand risk concepts, identify root causes, and analyze complex issues.  As such, responsibilities include:

Responsibilities:

• Review FCB / PI KYC Profiles from a quality perspective to ensure it meets Global KYC Policies, Standards and Procedures.  This may include comparing documentation with the source system for accuracy, reviewing the KYC Profile for consistency, and ensuring the information provided is sufficient.

• Review FCB / PI KYC Profiles from a risk perspective.  This would include assessing various risk components of the KYC Profile to support the disposition of the client.  Client Information, Ownership Structure, Name Screening Matches, EDD (such as Periodic Transaction Reviews (PTR) and AML Call Reports), Product Profile, and Local Requirements.

• Identify and analyze interconnected risks within a KYC Profile.  This would include an analysis on how risks connect with each other such as assessing: SPFs with Negative News; High Risk Products in conjunctions with an AML Call Report, etc.

• When necessary, independently investigate risks components to understand context and resolve material issues

• Provide clear, concise, and self-sustaining risk analyses that support the ultimate disposition of each KYC Profile reviewed

• Disposition each KYC Profile in a timely and effective manner

• Provide advice from an AML perspective on issues escalated by the Business.

• Escalate AML concerns or any significant suspicious activities to senior management

• Develop recommendations to improve any processes within a FCB / PI REM review and submit these to management.

• Support management with provision of accurate weekly and monthly metrics if requested.

• Assist in coaching and training new REM Analysts

Qualifications:

• Substantial relevant work experience

• Effective verbal and written communication skills

• Ability to critically think and assess complex issues

• Recent working knowledge of AML legislation and regulatory requirements.

• Ability to rapidly comprehend new and complex products.

• Commitment to understanding country-specific principles and business knowledge related to AML regulations.

• Experience in the application of KYC/CDD/EDD requirements.

• Proactive, organized, and ability to work independently with minimal supervision.

• Proficient with open-source research techniques and understanding of the intelligence cycle.

• Must be able to multi-task and complete projects on time.

Education:

• Bachelor’s degree/ University degree or equivalent experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

What We Offer:

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.

We’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions, and allow you to choose which benefits suit you and your personal life best.

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