Job Information
Citigroup SVP, AML Compliance Officer, Digital Solutions in Shanghai, China
Citi’s central role in the rapidly-evolving global digital payments ecosystem requires innovative thinking to mitigate money laundering, terrorist financing, and sanctions risks. The Payment Intermediary (PI) AML Compliance Risk Management (ACRM) Officer is responsible for partnering with Services business teams to deliver AML-risk mitigated solutions for our PI customers.
The role reports to the Head of Global Digital Solutions, Services AML, and conducts due diligence on prospective PI/Fintech customers, coordinates delivery of AML and regulatory advice, and conducts training of first and second line teams, as necessary. The position also provides support for cross-functional ad-hoc projects focusing on emerging risk typologies. The successful candidate will demonstrate deep expertise in financial crime and fraud risks in e-commerce, cross-border payments, and new payment methods.
Responsibilities:
Conducting enhanced due diligence on PI clients, including client site visits and engagement with senior compliance and management staff
Performing transaction reviews to identify and investigate new risk typologies
Assessing portfolio and payment network risks, including for nested or unapproved or restricted flows, post on-boarding reviews of PIs, concentration and trend analysis and transactional assessments based on typologies
Creating presentations on emerging trends, typologies & lessons learned from transactional reviews and preparing for PIOC and AML Senior Management
Escalating to the appropriate governance bodies or AML function issues identified though reporting or analysis, including Monitoring Risk Management, the FIU, and the Global Intelligence Unit
Other duties that may be assigned from time
Qualifications:
10+ years of relevant experience
Experience in managing regulatory exams and relationships with examiners and auditors
Extensive knowledge of appropriate regulatory requirements including local and US laws, international and industry standards
Extensive knowledge of AML regulations, risks, and appropriate controls
Demonstrated analytical skills
Demonstrated leadership and motivational skills
Ability to work with regional and global partners, and influence and lead people across culture and senior level
Education:
- Bachelor’s degree/University degree or equivalent experience
Job Family Group:
Compliance and Control
Job Family:
AML Compliance & Risk Mgmt
Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.