Description
The Compliance Anti Money Laundering Risk Management Analyst is an intermediate level role responsible for recommending/establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data, and formulate strategic recommendations on policies, procedures, and practices.
Responsibilities:
Identify, vet and address potential risks or escalated issues with the assistance of functional partners and key stakeholders
Utilize information from regulatory changes, new regulations, and internal policy changes to further identify new key risk areas
Analyze comparative data, prepare and present reports related to AML risk assessments, and monitor AML related issues and escalation
Create and develop AML Compliance Risk Management (ACRM) standards and policies
Advise on a plan of action for risk issues, based on analysis of information
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
Minimum of 8 years post qualification experience
Minimum of 5 years relevant experience
Experience and knowledge of AML regulations/laws (such as the Bank Secrecy Act, the US Patriot act, US Treasury AML guidelines, and OFAC requirements)
Experience writing and preparing Suspicious Activity Reports (SARs)
Proficient computer skills with a focus on Microsoft Office applications
Consistently demonstrates clear and concise written and verbal communication
Education:
Bachelor’s Degree/University degree or equivalent experience
MBA or Master's degree or professional qualification is an added advantage
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