SVP, Senor AML Compliance Group Manager - AML Trade Compliance

Services is a market leading, award-winning provider of cash management, cards and trade, solutions to financial institutions, public sector, and corporate clients around the world. With a global network spanning 90+ countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management. TTS is a highly innovative organization with a strong digital agenda; new products and services are continuously being developed to meet our clients rapidly evolving treasury requirements and unlock new opportunities for growth.

Trade and Working Capital Solutions (TWCS) represents monetary activities related to commerce and international trade, including lending, issuance of letters of credit, factoring, export credit and insurance.  Citi’s TWCS product offerings are comprised of the following main categories: Core Trade, Receivables Finance, Payables Finance, Trade and Working Capital Loans, and Export Agency Finance.

The Compliance AML Risk Management Senior Officer - ACRM - AML Global Services is responsible for providing the Trade business with day-to-day AML Support on compliance matters in all regions.

Primary responsibilities:

AML Advisement and Support

• Review and provide disposition/guidance on transaction escalations pertaining to potential compliance concerns that cannot be mitigated within the TTS Trade business. Collaborate with Trade Operations/In-Business Control (IBC) and other partners on the disposition of AML escalations and AML watchlist hit.
• Engage with other Compliance and Legal functions to ensure coordinated approach to AML Trade issues, interfacing with the business
• Develop, maintain and evolve AML Programs including policies, procedures and training relevant to Trade activity, in line with regulatory requirements
• Assist with other ad-hoc projects, including leading on particular projects/workstreams which arise from time to time out of regulatory or environmental changes
• Keep abreast of AML regulations, risks and typologies applicable to Trade business
• Assist business in preparing for and addressing regulatory examination and audit findings
• Provide subject matter expertise and product support for Services AML Risk Assessments
• Participate and act as a voting delegate for relevant governance committees
• Work closely with partners in the Know Your Customer (KYC), Client Review & Investigations Unit (CRIU) teams to identify emerging issues which relate to Trade products and determine appropriate strategic enhancements/ mitigating actions to be taken
• Work with Product and Payment Operations teams to assess, mitigate, and enhance controls for funds transfers related to Trade transactions and more broadly across payments within the region
• Assist with other ad-hoc projects, including leading on particular projects/ workstreams which arise from time to time out of regulatory or environmental changes
• Other duties that may be assigned from time to time, such as ad-hoc investigation projects

Product/Deal Assessments

• Review and advise on new and enhanced products, procedures, and applicable New Product Assessments ( NPA)
• Review and approval of Trade Product Approval Programs (PAPs)

Coverage Areas

• Providing day-to-day and AML compliance risk management oversight for Trade product and services

Policy and Standards Governance

•  Maintain and update AML standards, programs, guidelines, procedures, and related documents assuring, as appropriate, that AML compliance risks are adequately identified, assessed, and controlled