Citi, 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.
Citis Anti-Money Laundering (AML) organization aims to protect our clients, our franchise and the financial system from being used to facilitate money laundering and terrorist financing through a robust, globally consistent program focused on the prevention, detection and reporting of AML risks which complies with applicable AML laws and regulations.
Role
The Global Head of AML Risk Management - Wealth reports to Citis Chief Compliance Officer (CCO) Anti-Money Laundering (AML) / Bank Secrecy Act (BSA) and will be responsible for driving change and the primary face-off to the Wealth line-of-business, including providing thought leadership, direction and driving greater consistency in global program design and execution across our wealth management activities.
This individual acts as an effective and trusted information source to the business on AML laws, regulations, policies and practices and works with other AML partners on the design, development, and refinement of the Citi AML Program. Working collaboratively across both the front and third lines of defense to execute the AML program effectively, this second line of defense function provides oversight through appropriate controls, monitoring and escalation framework.
This person is responsible for assessing complex issues, structuring potential solutions, contributing to a culture of learning and continuous improvement, and driving to resolution with senior stakeholders.Demonstrated experience and success in the context of significant change management processes and practices is a must, while knowledge of AML and financial services operations across all business lines is a plus. As a representative and extension of the ICRM AML team, this person will liaise with regulators on critical AML issues, participate in key governance forums, risk assessment and training initiatives, and support reporting to executive governance groups.
Responsibilities:
Provide AML guidance to the Wealth group globally to assist in identification and mitigation of AML risk and drive increased understanding of and accountability for AML risks. This includes:
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Job Family Group:
Compliance and Control------------------------------------------------------
Job Family:
AML Compliance & Risk Mgmt------------------------------------------------------
Time Type:
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Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$250,000.00 - $500,000.00
In addition to salary, Citis 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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Anticipated Posting Close Date:
Apr 19, 2024------------------------------------------------------
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