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AML, Sanctions & Payments Controls AVP

Company: Citi
Location: Lithia
Posted on: June 23, 2022

Job Description:

The Anti-Money Laundering (AML), Sanctions, & Payments Operations Controls Team mainly serves as a governance unit, providing project management and advisory assistance to the Institutional Client Group (ICG) Markets and Securities Services (MSS) Operations teams globally. The AML, Sanctions, & Payments Operations Controls Team coordinates with various groups Firm-wide as to the implementation of an effective risk mitigation and controls framework for all things AML and sanctions across the Enterprise.Working in partnership with relevant Compliance, Risk Management, Control, and Operations organizations, the Team ensures conformance to relevant policies and standards across ICG MSS Operations. Our goal is to develop and implement a control framework for ICG MSS Operations, to govern both AML, Sanctions & Payments requirements, including (but not limited to) MCA, KRI, exception reporting/monitoring, and escalation.Responsibilities:In addition to other responsibilities, the ICG MSS AML, Sanctions & Payments Controls AVP will perform the following key duties:

  • Serve as utilitarian representative of ICG MSS Operations Controls in relation to AML and Sanctions functions
  • Proactively review applicable control processes and reporting to ensure conformance to policies and standards (e.g., Global AML, KYC, and Transaction Monitoring Policies; Global Sanctions Policy; and Global Operating Standard for Sanctions Matches)
  • Provide leadership and support in assessing current state of controls pertaining to AML- and Sanctions-related regulatory requirements to evaluate controls related to AML Transaction Monitoring and Sanctions are appropriate and effective
  • Recommend enhancements to controls, as needed, to mitigate risks related to AML and Sanctions
  • Develop and implement (with input, as applicable, from relevant stakeholders) strategic plans for enhancing controls to mitigate risks related to AML and Sanctions
  • Assess risks and drive actions to address issues and their root causes by challenging both historical and proposed practices
  • Provide leadership and support with appropriate remedial actions as they relate to AML monitoring and Sanctions screening and dispositioning
  • Ensure significant risks are appropriately and timely escalated through Operations / AML / Sanctions / Payments Controls Governance channels
  • Provide analytic, functional, and reporting support to the AML, Sanctions, & Payments Controls leadership while maintaining strategic objectives
  • Appropriately assess risk and promote efficiency 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 supervising the activity of others and create accountability with those who fail to maintain these standards
  • Support AML, Sanctions, & Payments leadership on broader ICG MSS strategy and target operating model
  • Develop broad and detailed understanding of the Organization's landscape, structure, culture, and technology framework
  • Ensures project completion, special assignments, and other ad hoc activities as assignedQualifications:
    • 5-8 years relevant experience
    • Excellent verbal and written communication skills
    • Demonstrated understanding of AML and Sanctions regulatory environment
    • Demonstrated understanding of gap analysis and risk identification
    • Proficient in multi-tasking and managing multiple projects simultaneously
    • Strong interpersonal skills and ability to work well in a team environment collaborating across diverse groups globally
    • Ability to present a compelling case to influence others where appropriate and hold relevant stakeholders accountable on agreed upon deliverables
    • Ability to operate with a limited level of direct supervision
    • Aptitude for exercising independence of judgement and autonomyEducation:
      • Bachelor's/University degree or equivalent experience-------------------------------------------------Job Family Group: Compliance and Control-------------------------------------------------Job Family:Governance------------------------------------------------------Time Type:Full time------------------------------------------------------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 .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Lakeland , AML, Sanctions & Payments Controls AVP, Other , Lithia, Florida

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