AML Compliance Lead / Money Laundering Reporting Officer - Vice President

Serves as a Money Laundering Reporting Officer in line with Money Laundering Order Jersey as authorized by Jersey Financial Services Commission through express no objection. Also assist Country Compliance Officer with internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protect the franchise. In addition, engages with the ICRM/ACRM Product and Function coverage teams in order to partner, develop and apply CRM program solutions that meet the function/business/product and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors and providing day-to-day Compliance/AML advice relating to the supported function/business/product and guidance on function/business/product rules/laws and interpretation on internal policies and procedures.

Key Activities Governance and Organization:

MLRO Responsibilities:

• Receive and analyse internal SARs for potential external filing considerations.
• Manage relationship with Joint Financial Crime Unit for timely response to proceeds of crime notices and other matter related to SAR filing and associated consent considerations.
• Raise consent requests with JFCU where required for transactions on AML blocked accounts.
• Conducting investigations to validate suspicion and reporting of suspicious transactions to JFCU.
• Monitoring of SAR investigation/submission timelines and maintaining records of suspicious activity reports filed with JFCU.
• Produce MLRO Report to Jersey AML Governance Forum on annual basis.
• Training/awareness of staff as and when required on Anti-Money Laundering, Countering Terrorist Financing, Counter Proliferation, SAR reporting, Tipping off and other associated matters.

AML Compliance Risk Management

• Identify and advise on potential risks or escalated issues with the assistance of functional partners.
• Collaborate with the team to provide advice to business with respect to applicability of policies and implementation of AML program and regulatory changes.
• Provide input/advice on business initiatives, new products, and complex transactions Supervise and participate in internal assurance processes such as Enterprise-wide AML risk assessment, self-assessment, and internal audit
• Promote global consistency of AML ACRM practices and policies within business line and cross-sector
• Analyze data, prepare and present regional/global reports related to AML risk assessments, and monitor AML related issues and escalations
• Develop and implement AML Compliance Risk Management (ACRM) standards and policies
• Appropriately assess risk 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.
• Evaluate, enhance and implement best -in-class AML Compliance policies and practices.
• Provide expert advice on AML Compliance policies to the AML/Financial Crime Support teams and the business.
• Perform AML Compliance quality and testing, evaluate process deficiencies, analyze control measures, enhance reporting capabilities and recommend corrective actions while satisfying regulatory and audit commitments. Further, assess and identify emerging risks and recommend / drive program enhancements.
• Evaluate and respond to escalated matters; further escalate unusual activity as needed. Advise senior management on next steps.
• Create, develop and deliver relevant training to business and functional partners.
• Additional duties as assigned.
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Acts as SME to senior stakeholders and /or other team members.

Experience / Qualifications:

• Extensive AML experience
• Appropriate JFSC Table 4 qualification

• Credibility as a subject matter expert and experience of dealing with issues that have a high impact at all levels of the organization
  •    Experience of working with key country level regulators and industry associations
  •    Knowledge of local regulatory requirements and obligations and the ability to identify emerging compliance issues and themes
  •    An ability to influence senior business leaders on all compliance risk-related matters affecting the business.  The individual should have the ability to independently challenge, when needed, while at the same time being supportive and solution-based and not being perceived as obstructive
  •    An ability to be “hands on” and “in the trenches” with the direct team, while also bringing a sense of strategic vision and a global sensibility to the function
  •    Ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders’ needs are met
  •    Strong team leadership, communication, interpersonal and management skills, with a track record of leading through change and the ability to effectively communicate the strategic vision to various stakeholder groups
  •    Effective negotiation skills, a proactive and “no surprises” approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management and influencing skills are essential
  •    The ability to thrive and execute in a complex, highly matrixed, global environment
  

Education:

• Bachelor's/University degree, Master's degree preferred

Other:

• The role requires regulatory no objection to act as MLRO

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