USPB Retail Financial Crimes Policy Adherence Head - C15
Company: Citigroup
Location: Irving
Posted on: May 8, 2024
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Job Description:
Description of the OrganizationCiti's Operations & Technology
(O&T) Organization enables Citi to achieve its day-to-day
operational and long-term growth goals, enabling execution of
Citi's Strategy by providing services, technical solutions, and
infrastructure across the bank. Within O&T, the US Personal
Banking (USPB) and Wealth Operations organization provides global
operational support to deliver a seamless client experience across
service channels. USPB and Wealth Operations is a unified
operations team responsible for the servicing and operations
support for USPB business and Citi Global Wealth (CGW) Operations.
USPB and Wealth Operations has a unique opportunity to leverage its
consumer relationships and footprint, retail partnerships, state of
the art technology, and leading consumer banking position to
deliver customer value in a targeted and impactful way. -Citi is
optimizing its relationship structure to realize a fully integrated
delivery model and partnerships to deliver a remarkable customer
experience, all while effectively managing and minimizing risk to
our clients and our franchise. With the changing global
environment, Citi reprioritized focus on financial crimes, creating
a new Financial Crimes and Fraud Prevention (FCFP) organization.
This fusion will streamline accountability and responsibility for
Risk & Control activities and deliver process consistency to
protect the firm against emerging financial crime risks.Description
of the RoleThe Financial Crimes Global Policy Adherence &
Engagement Team within the FCFP organization supports the delivery
and ongoing direction of a comprehensive Financial Crimes Program
in partnership with multiple functions such as Compliance,
Operations, Technology, Risk, Audit, and multiple stakeholders at
all levels of management. This team is responsible for fostering a
culture of control and compliance, customer centricity and
accountability while leading efforts to identify, anticipate and
mitigate AML, Sanctions and Ant-Bribery regulatory, reputational,
and operational risks.The USPB Retail Financial Crimes Head is
responsible for end-to-end management of Financial Crimes Policy
initiatives and ensuring the proper adherence and execution of
policy requirements for the Retail and Mortgage lines of business
within USPB. - This is highly regarded professional will be
responsible for working with the business to develop and implement
end to end Financial Crimes policy adherence solutions, policy
compliance and execution for all products and channels, managing
root cause analysis in close partnership with business risk
managers, Compliance, Operations and Technology. Additionally, this
role will have responsibility for ensuring all processes executed
in support of USPB lines of business, regardless of function, have
appropriate governance and controls in place to evidence compliance
with applicable regulations such as the Bank Secrecy Act, USA
PATRIOT Act, Office of Foreign Assets Control (OFAC) Sanctions
compliance as well as applicable Citi Policies. - Additionally,
this professional will act on behalf of and in partnership with the
Business on corrective action planning/dimensioning, policy
adherence, change management, impact assessment and implementation
plan oversight.This role reports into the Head of USPB Financial
Crimes Policy Adherence and Engagement.Responsibilities:Managing
Financial Crime Regulatory and Policy initiatives as required, such
as the implementation of new or enhanced business products and
services, control enhancements and or sunsetting, and related
project management work efforts.Sponsor the identification and
resolution of BSA/AML/Sanctions/ABC Policy gaps, control
enhancements, implementation assessment regarding financial crimes
policy and regulatory requirements, collaborating with the business
in development of sustainable solutions to meet policy requirements
and risk mitigation.Review and challenge all relevant
artifacts/evidence to ensure that the letter and spirit of the
policies are being addressed within issues and or corrective
actions plans.Lead activities to simplify and streamline the
operationalization of BSA/AML/Sanctions/ABC and Transaction
Monitoring policies on behalf of the USPB business, ensuring
ongoing risk mitigation, efficient and effective execution to
policySponsor/Own revisions and ongoing governance of the
appropriately owned Financial Crimes execution policy and
procedures (ex. FinCEN CDD rule/ CIP-P) for USPB.Sponsor/Own
regulatory matters on behalf of the business, including enforcement
actions, and new laws, regulations, rules, impact assessments and
implementation plans relating to the business/product/function
supported.Facilitate both gap and root cause analysis (RCA)
exercises between Legal, Compliance, Operations, Technology, Risk,
and the line of business to create action plans that provide
resolution and ensure policy adherence.Support development of
relevant Policy Adherence and scorecard material as necessary for
presentation at senior level governance forums as well as for
meetings with stakeholders such as Regulators, 2nd and 3rd Line of
Defense and senior management.Represent Financial Crimes in
appropriate global and regional forums/committees.Coordinate with
management to appropriately assess risk and risk appetite as it
pertains to Financial Crimes 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, as well as
effectively supervise the activity of others and create
accountability with those who fail to maintain these
standards.Managing a team of multiple teams of Financial Crimes
professionals. Developing, attracting, and retaining talent;
recommending staffing levels required to carry out the unit's role
and responsibilities effectively while establishing and adhering to
talent management processes and compensation and performance
management programs. Mentoring and developing junior staff.Job
Qualifications:12-15 years in the following: Transaction
Monitoring, KYC, Risk, Operational Risk, Risk Operations, Policy
Management with experience in compliance, legal or other
control-related function in the within a large financial services
firm, regulatory organization, or legal/consulting firm, or a
combination thereof with at least 5 years of people leadership
experienceStrong executive presence with exceptional communication
and interpersonal skillsDeep functional knowledge of industry best
practices and applicable BSA/AML/KYC/Sanctions/ABC rules,
regulations, policies, processes, and frameworks.Detail oriented
thought leader, with proven ability to question and identify
opportunities within existing processes and business practices by
leveraging previous experiences and knowledge of the business. -
This candidate must possess strong conflict resolution skills and
ability to work in a complex environment with quick turnaround
timelinesStrong presentation skills with the ability to articulate
complex problems and solutions through concise and clear messaging
with people at all levels of the organizationDemonstrated ability
to assess complex issues through root cause analysis and other
analytical techniques; structure potential solutions; drive to
resolution with senior stakeholders.Proven leadership skills, with
emphasis in high-stakes and high-visibility scenariosAdvanced
analytical skillsEducationProficient in MS Office applications
(Excel, Word, PowerPoint)Bachelor's degree required; Advanced
degree preferred.Relevant AML and/or Sanctions Certification
desired------------------------------------------------------Job
Family Group: Compliance and
Control------------------------------------------------------Job
Family:Business
KYC------------------------------------------------------Time
Type:Full
time------------------------------------------------------Primary
Location:Tampa Florida United
States------------------------------------------------------Primary
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:Apr 30,
2024------------------------------------------------------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
Keywords: Citigroup, Irving , USPB Retail Financial Crimes Policy Adherence Head - C15, Accounting, Auditing , Irving, Texas
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