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AML - Risk Frameworks & Reporting - Independent Validation - Director

Company: Citi
Location: Riverview
Posted on: November 12, 2021

Job Description:

BackgroundCiti, 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.Citis 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 publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards are 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.Anti-Money Laundering (AML) Risk Management draws on deep AML expertise, strong risk management skills and applicable business knowledge to actively identify, assess and manage AML risk across Citis clients, products and geographies.As part of the AML program, the Risk Frameworks & Reporting team is responsible for managing a range of risk management programs which provide insight into the overall quality and health of the AML control framework, mitigation of AML risk, and business understanding of the AML risks owned across product lines and geographies. The team defines and implements holistic processes to provide effective oversight of the day-to-day management and mitigation of Citis anti-money laundering risk, operating within the firms defined AML Compliance Risk Appetite.RoleThe AML Independent Validation Director reports to the head of Risk Frameworks & Reporting and is responsible for the design and execution of validation processes for applicable tools and methodologies used within Citis AML Program, and which are commensurate with the nature and materiality of the associated risk.The role requires providing strategic leadership regarding the interpretation, adoption, governance, management and adherence to applicable regulatory guidance with a view to informing Citis AML Scenario / Tool Validation Standard.The role requires applying value-added risk management in the context of Citis AML Program, including periodically reviewing the criteria and thresholds of applicable tools and methodologies in an efficient and effective manner. These validation activities are to be risk-based and align with factors including the purpose, objectives, structure, data, methodologies, complexity, and extent of use. The validation processes of the program should account for the fact that the nature of such activities can vary across methodologies.The role manages approximately 35 compliance professionals located across multiple regions who are dedicated to performing such validation activities, and involves partnering with stakeholders across the AML leadership team, Internal Audit and regulators.The role covers methodologies and scenarios across the AML Program, including methodologies owned by the Know Your Customer Program, and monitoring scenarios under the firms Transaction Monitoring Program.Responsibilities:Designing and managing the execution of a program to interpret, adopt and execute Independent Validation processes as they apply to tools and methodologies used within Citis AML Program.Ensuring policies and procedures are kept up to date and reviewed periodically by governance committees.Full management responsibility for 35 people, including activities such as performance evaluation, compensation, hiring and talent development.QualificationsMinimum of 15 years of AML compliance or risk and controls-related experience; significant knowledge and expertise of AML control programs and the ability to develop and manage them with a culture of continuous improvementFive-plus years of management experience of teams involved in multiple control programs across a global organization.Ability to clearly and appropriately interpret regulation and regulatory guidance in terms of applicability to Citis AML ProgramStrong critical thinking and a desire to innovate, drive change and challenge the status quoA good understanding of the firms products and services to contribute to frame validation processesAbility to synthesize complex concepts and translate into effective communication and presentations to senior audiencesExperience partnering with multiple constituencies to reach consensus and effectively execute responsibilitiesStrong interpersonal and communication skills to negotiate internally, with an ability to inform decision-making with senior managementEnergetic and responsive team player with a proven ability to take initiativeDemonstrated ability to problem-solve and comprehend end-to-end program processes in complex organizationsExcellent follow-up and time management skillsHighly proficient in MS Office (Word, Excel, Outlook, and PowerPoint)EducationBachelors degree required or equivalent experienceAdvanced Degree preferred-------------------------------------------------Job Family Group: Compliance and Control-------------------------------------------------Job Family:AML Core------------------------------------------------------Time Type:------------------------------------------------------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 Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting-----------------------------Effective November 1, 2021, Citi requires that all successful applicants must be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Tampa , AML - Risk Frameworks & Reporting - Independent Validation - Director, Executive , Riverview, Florida

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