An individual in Enterprise Risk Management plays a critical role in managing Citi’s Anti-Money Laundering (AML) and Anti-Bribery & Corruption (AB&C) risks to ensure the firm's financial stability and regulatory adherence. The individual will be responsible for the design, implementation, and oversight of the first line of defense (1LOD) control framework for AML and AB&C, providing expert guidance to the business and ensuring operations align with the bank's risk appetite.
This role requires a deep subject matter expert who can navigate the complexities of global regulations, lead a team of risk professionals, and partner with senior stakeholders across the business, second line (ICRM), and third line (Internal Audit) to maintain a robust and effective risk management framework.
Responsibilities:
Strategic Oversight: Design and lead the AB&C risk management strategy, ensuring alignment with global regulatory requirements and business objectives.
Risk Identification & Assessment: Oversee the identification, assessment, and mitigation of AML, Sanctions, and AB&C risks associated with new products, business changes, and high-risk client segments.
Control Enhancement: Drive the continuous enhancement of the AML/AB&C control framework, including processes related to KYC/EDD, transaction monitoring, sanctions screening, and risk assessments.
Regulatory & Audit Liaison: Serve as the primary 1LOD point of contact for ICRM, Compliance Assurance, and Internal Audit on AML and AB&C matters. Manage regulatory exams and internal audits, ensuring timely and effective resolution of any identified issues.
Senior Advisory: Act as a senior advisor to business leaders, providing expert guidance on complex AML and AB&C regulatory issues, policy interpretation, and risk-based decision-making.
Governance & Reporting: Prepare and deliver clear and concise AML/AB&C risk reporting to senior management and governance committees, highlighting emerging risks, control effectiveness, and remediation progress.
Team Leadership: Supervise and mentor a team of risk professionals, fostering a culture of excellence, accountability, and proactive risk management.
Qualifications:
Experience: 10+ years of experience in Operational Risk Management, Audit, Compliance or other control function
Subject Matter Expertise: Deep, demonstrable expertise in global AML and AB&C regulations (e.g., BSA, USA PATRIOT Act, OFAC, FCPA, UK Bribery Act) and their practical application in a business context.
Leadership: Proven ability to lead and develop a team, influence senior stakeholders, and drive change across an organization.
Regulatory Interaction: Extensive experience managing regulatory exams and internal audits related to AML/AB&C, with a track record of successful outcomes.
Risk Management Skills: Expertise in risk identification, control design, and assessment methodologies (e.g., MCA) specifically within the AML/AB&C domain.
Communication: Exceptional communication and presentation skills, with the ability to articulate complex risks and control issues to senior management and regulators.
Education:
Bachelor's/University degree required. Master's degree or other advanced degree is a plus.
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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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