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TTS Head of Financial Crime Risk and Compliance - Managing Director - NYC -

Company: Citi
Location: New York
Posted on: November 20, 2023

Job Description:

Job Purpose:The TTS Financial Crime Risk and Compliance Head is an expert in AML/ Sanctions and is responsible for leading the overall TTS In Business Financial Crime risk management and governance and Compliance for the Treasury and Trade Solutions (TTS) business (1st Line) globally. - The role represents the business in franchise-wide AML and Sanctions risk mitigation and compliance programs and will also help drive evolution and transformation. - This leader drives and helps shape the strategy for managing the AML and Sanctions risks in the TTS business and across TTS client sets, in partnership with the In Business Risk team and the TTS ExCo. This role is also responsible for proactively contributing to the overall In-Business Risk (IBR) strategy. -The role promotes effective and proactive compliance and risk management with a particular focus on AML and Sanctions risk. - The individual in this role works in close partnership with all TTS Product teams, Regional Teams, Sales, O&T and Functions, along with 2nd line of defence partners, including Compliance (ICRM and ACRM), Legal, and Risk teams and Internal Audit (3rd line) both regionally and globally. -The AML and Sanctions Risk / Compliance Head plays a key role in the development of new products and enhancing existing ones by providing guidance and on-going support to product teams to ensure appropriate and effective financial crimes risk controls are introduced and maintained. - The AML and Sanctions Risk and Compliance Head participates in AML/Sanctions Policy developments and will coordinate the assessment and implementation of any relevant regulatory changes.Key ResponsibilitiesPrimary responsibilities:Act as the first point of contact for all AML and Sanctions related matters and escalations within TTS globally.

  • Drive a culture of ownership and set "tone from the top" for complying with all applicable AML, Sanctions and Anti Bribery laws and regulations,
  • Oversight and leadership of overall and all underlying components of the AML Program for TTS, including KYC, AML transaction monitoring, sanctions screening, 3rd party Op's payment controls, Anti-Bribery approvals and other regulatory requirements.
  • Identify significant AML, Sanctions and Anti Bribery risks and escalate to Senior Business/Governance Forums.
  • Develop and execute initiatives to remediate significant exposures and control gaps.
  • Drive efforts to ensure commitments made to regulators are met and act as the first point of contact on regulatory matters related to TTS AML, Sanctions and Anti Bribery.
  • Chair the TTS Financial Crimes risk governance meetings, including TTS AML/Sanctions/Anti-Bribery Oversight Committee and TTS Sanctions/Anti bribery Working Group meetings.
  • Support Product teams and Compliance to assess AML and Sanctions risk for new and enhanced products and innovative solutions, including eCommerce initiatives and deals, based on globally approved guidelines, through early engagement in order to ensure full adherence to the New Product Approval Control Framework.
  • Provide business oversight to the TTS AML monitoring program; work with Compliance to develop an appropriate AML monitoring framework for key high-risk programs.
  • Acting as Delegated Oversight (DO) for the Head of TTS, overseeing the Business Sanctions Risk Officers globally, conduct reviews of Sanctions processes and procedures across all product lines to ensure policy requirements are being met in a consistent manner and documented appropriately, including assistance with documenting Sanctions Risk Assessments (SPRAs).
  • Utilize Citi's risk management tools for the measurement, monitoring and management of exposure including acting within Risk Appetite.
  • Analyse control environment, vet new systems, processes, policies and procedures associated with AML, Sanctions and Anti Bribery and drive TTS to be best in class.
  • Represent the TTS business and provide subject matter expertise at various global and regional committees and working groups
  • Manage staff across multiple geographies and time zones
  • Utilize knowledge and experience to guide technology decisions in line with sanctions requirements against large volume/scale.Lead and manage a team of AML/ Sanctions/ AML In Business Risk specialists across the TTS footprint globally. - This team's responsibilities include:
    • Assessing the impact of proposed changes to AML and Sanctions policies/ procedures/ guidelines and work with AML and Product Compliance to ensure the business operates in line with regulatory requirements.
    • Engage as Subject Matter Experts for financial crimes risk on new product feature/ functionality build, client issues, and potential crisis situations requiring AML/ Sanctions/ ABC In Business Risk input.
    • Support or lead significant AML and Sanctions initiatives for TTS & produce milestone reports for senior management.
    • Maintain, track and update AML/Sanctions CAPs/SIRs as applicable preparing update reports for TTS Risk Committees as applicable.
    • Support the TTS business in AML-related internal or external reviews, including managing exam preparation and deliverables.
    • Represent the TTS business and provide AML and Sanctions subject matter expertise at various global and regional committees and working groups.
    • Provide regional TTS oversight of regional AML Monitoring, KYC and Sanctions utilities.
    • Drive communication plans to ensure awareness of changes in the AML and Sanctions policies/requirements by TTS Product and country teams.
    • Coordinate and deliver targeted AML and Sanctions training when necessary.
    • Identify opportunities for streamlining processes and implement efficiencies that will ultimately lead to enhanced client experience.Development Value: Participate in helping to drive safe growth of a global, dynamic and innovative business - engaging from strategic approach through execution. -Lead AML and Sanctions Risk initiatives in a truly global environment - across all regions. - Utilize and enhance subject matter expertise in new and emerging AML and Sanctions topics in Transaction Banking services. - Apply strategic thinking and shape the overall In-Business Risk strategy of a growing business in the globally, particularly with respect to Digital and Instant PaymentsKnowledge/Experience:
      • 10+ years working in a leadership capacity specifically in financial crimes risk management or related intelligence/law enforcement
      • Global mindset and proven record of leadership experience in managing complex processes or large projects
      • Experience in the Transaction Banking is an advantage. Solid understanding of TTS products and market developments.
      • The ability to effectively manage and navigate through multi-faceted disciplines throughout the organization.Qualifications and Competencies
        • A senior risk professional with Juris Doctorate (JD) degree or equivalent graduate level education and a strong AML, Sanctions and Anti Bribery risk background and experience with the control framework necessary to mitigate these risks
        • CAMS (Certified -Anti-Money Laundering Specialist) certification
        • Experience dealing effectively with external parties (e.g., Regulators), senior governance forums as well as second- and third-line control functions
        • Strong controls mindset; identifying and mitigating risks, communicating and escalating concerns
        • Strong influence management, strategic and analytical skills
        • Demonstrable people, project and change management skills
        • Ability to communicate simply, clearly and concisely both verbally and in writing, adjusting style to suit the audience
        • Ability to assess and critically challenge information and processes, delivering appropriate outcomes
        • Competence leading dynamic, challenging environments while providing creative solutions
        • Ability to collaborate across businesses, regions and control functionsSkills & Competencies:
          • Strategic thinker with excellent organizational, planning, and prioritization skills.
          • Excellent verbal and written communication skills: ability to communicate clearly and concisely in all aspects of the job and with multiple audiences in mind.
          • Excellent influencing and negotiation skills. Ability to build effective relationships with key stakeholders.
          • Strong management and interpersonal skills.
          • Problem solving ability to assess complex processes and deliver practical solutions.
          • Analytical: ability to accurately analyse data and produce insightful information and reports.
          • Preference will be given to candidates familiar with Transaction Banking products, EU/US regulatory regime and related Compliance/ risk management/ regulatory experience.Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.Citi is an Equal Opportunities Employer.-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Business Risk & Control------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Salary Range:$250,000.00 - $500,000.00------------------------------------------------------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

Keywords: Citi, New York , TTS Head of Financial Crime Risk and Compliance - Managing Director - NYC - , Accounting, Auditing , New York, New York

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