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Senior Anti-Money Laundering Officer

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Citi

Jan 17

Applications are closed

  • Job
    Full-time
    Senior Level
  • Government & Politics
  • Johannesburg

Requirements

  • Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area.
  • Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business.
  • Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information.
  • Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources.
  • Strong communication and diplomacy skills are required.
  • Regularly assumes informal/formal leadership role within teams.
  • Involved in coaching and training of new recruits
  • Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization.
  • Work and performance of all teams in the area are directly affected by the performance of the individual.
  • 5-8 years relevant experience
  • AML Certification
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Self-motivated and detail oriented
  • Advanced analytical skills
  • Knowledge of the laws applicable to money laundering, including the Financial Intelligence Centre Act and other impacting regulations within the country, know your customer and enhanced due diligence requirements, sanctions screening requirements (including local and OFAC requirements), and Suspicious Activity Reporting requirements
  • Proficient in Excel and Word – ability to learn multiple system applications quickly
  • Bachelor’s/University degree or equivalent experience

Responsibilities

  • Enhance and implement best-in-class AML Compliance policies and practices.
  • Provide expert advice on AML Compliance policies and local regulatory requirements to the AML/Financial Crime Support teams and the business.
  • Support the AMLCO/AML Country Head with the coordination of business audits (internal and external) as a key interface with regulator/auditors.
  • Perform AML Compliance quality review and testing, evaluate process deficiencies, analyse 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.
  • Keep abreast with laws, regulations and corporate policies concerning Money Laundering and any emerging Money Laundering concerns/trends globally. Ensure that the steps necessary for an effective Anti-Money Laundering program are in place across the franchise.
  • Identify and escalate risks which inhibit compliance with global and local processes and procedures to appropriate management or business partners. Advise management on next steps.
  • Review/investigate transaction monitoring escalations and file Suspicious Activity Reports to the local regulator where applicable (sufficient knowledge of how to file Suspicious Activity Reports required).
  • Identify training needs and 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 and possesses good project management skills.
  • Can exercise independence of judgement and autonomy.
  • Acts as SME to senior stakeholders and/or other team members.
  • 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

FAQs

What are the key responsibilities of the Senior Anti-Money Laundering Officer?

Key responsibilities include enhancing and implementing AML Compliance policies, providing expert advice on AML regulations, coordinating business audits, performing AML Compliance quality reviews, keeping abreast of laws regarding Money Laundering, reviewing transaction monitoring escalations, identifying training needs, and acting as a subject matter expert to senior stakeholders.

What qualifications are required for this position?

Candidates should have 5-8 years of relevant experience, an AML Certification, clear written and verbal communication skills, advanced analytical skills, knowledge of applicable money laundering laws, and proficiency in Excel and Word.

Is leadership experience important for this role?

Yes, the role requires informal/formal leadership skills and involvement in coaching and training new recruits.

What type of education is needed for this job?

A Bachelor's/University degree or equivalent experience is required.

How does this role provide development value?

This position offers opportunities to work with Citi’s compliance team regionally and globally, provides comprehensive training in general compliance, and allows interaction with regulators and exposure to senior management within the country.

What skills are emphasized for the Senior Anti-Money Laundering Officer?

Important skills include strong analytical skills, good communication and diplomacy, the ability to assess risks, and project management skills.

What is the work environment like for this role?

The role operates with a limited level of direct supervision, requiring self-motivation and independence of judgment while interacting with various teams and stakeholders.

Are there opportunities for training and growth within this position?

Yes, there are opportunities to identify training needs, develop training programs, and enhance personal and team knowledge in AML compliance.

What type of reporting responsibilities does this job have?

The officer is responsible for performing quality reviews, evaluating process deficiencies, enhancing reporting capabilities, and filing Suspicious Activity Reports when necessary.

What types of compliance policies does this position address?

The position focuses on best-in-class AML Compliance policies and practices and ensures alignment with local regulatory requirements and emerging trends in Money Laundering.

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Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

  • Live Well, Stay Healthy

    Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

  • Paid parental leave

    We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

  • Save well, for now and your future

    We empower our employees to manage their financial well-being and help them plan for the future.

  • Keep learning

    Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

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