Citi
Director, Global Head of AML Client Evaluations, Exits & Restrictions (CEER)
Citi, Jersey City, New Jersey, United States, 07390
Job Overview
The Global Client Evaluations, Exits & Restrictions (CEER) Director reports directly to the Head of Global AML Regulatory Reporting, Insights & Integration. This individual understands the program standards for AML risks with client retention decisions and works with his/her team to oversee and monitor an effective risk management function with key stakeholders across Citi AML, Legal, CSIS, Fraud and product lines/geographies.The scope of this role includes providing consistency and coordination for the client close-out, risk-rating override, and account restriction processes through global AML stakeholders (AML Country Officers [AMLCO], Client Review and Investigations Units [CRIU], and Country Risk and Compliance Officers [CRCO]), while also enhancing the control points for the AML Account Closure Standard and corresponding Procedures. The successful candidate will review AML account closure, risk-rating override, and account restriction risks end-to-end across the organization and provide insights and emerging trends on these AML related risk mitigation activities for the AML BSA Officer and designated governance committees.The job requires the ability to articulate the AML concerns and risks associated with customer relationships to various senior managers and function heads in a persuasive manner. The role also is responsible for the oversight and updating of the Global Account Closure Standard, requiring engagement with key senior management stakeholders throughout the global teams and collaboration with various business Heads impacted by the procedures. As each country AML team may have different local procedures, that are a combination of business practice and local regulations, the role requires strong interpersonal skills to define the global initiatives across geographies, functions, and lines of business.Responsibilities:
Define and oversee the development and maintenance of a global account closure process, as well as generate metrics for reporting purposes.Participate and/or lead efforts to build exemplary AML risk management programs or lead the design and/or closure of issues and Corrective Action Plans (CAPs).Interface with and manage Regulatory Exams, as needed, at the global level.Engage senior management across jurisdictions to develop mechanisms to promote global consistency and adherence to the Global Account Closure Standard as mandated by the regulators.Provide clarity for regional MCA reviews and serve as the subject matter point of contact for client retention/risk mitigation functions including AML account closures, Red Flags list, and KYC/risk rating feedback loops.Enhance, develop, and execute effective monitoring of the AML CEER process, which includes performing high-level analysis, identifying escalation items, and solutioning program deficiencies to drive stability and control.Act as the liaison between the CRIU and various in-business senior management and Legal on all matters related to AML CEER recommendations.Create greater visibility into the global AML related CEER recommendations and varying in-country restrictions/prohibitions via weekly and quarterly meetings with senior stakeholders.Undertake special initiatives and projects to innovate the controls either procedurally or technologically in the CEER space.Assist with document production and responses to internal audit and regulatory examinations on all CEER functions.Serve as the subject matter representative for various compliance and business committees, providing content and analysis on global AML account closure trends.Qualifications:
13+ years of relevant experience.AML certification is a plus.Prior work experience in a financial institution with job-specific work experience in AML.Self-motivated and detail-oriented.Proactive leadership and motivational skills.Consistently demonstrates clear and concise written and verbal communication skills.Advanced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.Significant knowledge and expertise of AML regulations, risks, and appropriate controls.Experience in the design and implementation of AML programs.Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders.Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution.Experience with and previous exposure to internal or external control functions and regulators (including the US), particularly banking and AML regulators.Proven ability to effectively assess and manage competing priorities.Experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations.Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.Education:
Bachelor's (4 Year University) Degree required.Master's Degree preferred.This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.Job Family Group:
Compliance and ControlJob Family:
AML CoreTime Type:
Full timePrimary Location:
Jersey City, New Jersey, United StatesPrimary Location Full Time Salary Range:
$170,000.00 – $300,000.00In 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.Anticipated Posting Close Date:
Sep 18, 2024Citi 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
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The Global Client Evaluations, Exits & Restrictions (CEER) Director reports directly to the Head of Global AML Regulatory Reporting, Insights & Integration. This individual understands the program standards for AML risks with client retention decisions and works with his/her team to oversee and monitor an effective risk management function with key stakeholders across Citi AML, Legal, CSIS, Fraud and product lines/geographies.The scope of this role includes providing consistency and coordination for the client close-out, risk-rating override, and account restriction processes through global AML stakeholders (AML Country Officers [AMLCO], Client Review and Investigations Units [CRIU], and Country Risk and Compliance Officers [CRCO]), while also enhancing the control points for the AML Account Closure Standard and corresponding Procedures. The successful candidate will review AML account closure, risk-rating override, and account restriction risks end-to-end across the organization and provide insights and emerging trends on these AML related risk mitigation activities for the AML BSA Officer and designated governance committees.The job requires the ability to articulate the AML concerns and risks associated with customer relationships to various senior managers and function heads in a persuasive manner. The role also is responsible for the oversight and updating of the Global Account Closure Standard, requiring engagement with key senior management stakeholders throughout the global teams and collaboration with various business Heads impacted by the procedures. As each country AML team may have different local procedures, that are a combination of business practice and local regulations, the role requires strong interpersonal skills to define the global initiatives across geographies, functions, and lines of business.Responsibilities:
Define and oversee the development and maintenance of a global account closure process, as well as generate metrics for reporting purposes.Participate and/or lead efforts to build exemplary AML risk management programs or lead the design and/or closure of issues and Corrective Action Plans (CAPs).Interface with and manage Regulatory Exams, as needed, at the global level.Engage senior management across jurisdictions to develop mechanisms to promote global consistency and adherence to the Global Account Closure Standard as mandated by the regulators.Provide clarity for regional MCA reviews and serve as the subject matter point of contact for client retention/risk mitigation functions including AML account closures, Red Flags list, and KYC/risk rating feedback loops.Enhance, develop, and execute effective monitoring of the AML CEER process, which includes performing high-level analysis, identifying escalation items, and solutioning program deficiencies to drive stability and control.Act as the liaison between the CRIU and various in-business senior management and Legal on all matters related to AML CEER recommendations.Create greater visibility into the global AML related CEER recommendations and varying in-country restrictions/prohibitions via weekly and quarterly meetings with senior stakeholders.Undertake special initiatives and projects to innovate the controls either procedurally or technologically in the CEER space.Assist with document production and responses to internal audit and regulatory examinations on all CEER functions.Serve as the subject matter representative for various compliance and business committees, providing content and analysis on global AML account closure trends.Qualifications:
13+ years of relevant experience.AML certification is a plus.Prior work experience in a financial institution with job-specific work experience in AML.Self-motivated and detail-oriented.Proactive leadership and motivational skills.Consistently demonstrates clear and concise written and verbal communication skills.Advanced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.Significant knowledge and expertise of AML regulations, risks, and appropriate controls.Experience in the design and implementation of AML programs.Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders.Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution.Experience with and previous exposure to internal or external control functions and regulators (including the US), particularly banking and AML regulators.Proven ability to effectively assess and manage competing priorities.Experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations.Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.Education:
Bachelor's (4 Year University) Degree required.Master's Degree preferred.This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.Job Family Group:
Compliance and ControlJob Family:
AML CoreTime Type:
Full timePrimary Location:
Jersey City, New Jersey, United StatesPrimary Location Full Time Salary Range:
$170,000.00 – $300,000.00In 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.Anticipated Posting Close Date:
Sep 18, 2024Citi 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 .
#J-18808-Ljbffr