• Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Citi-US
  • 2019-06-17

ACRM NAM Head of Transaction and Trade Solutions and Foreign Missions Banking (Director)

ACRM NAM Head of Transaction and Trade Solutions and Foreign Missions Banking (Director)

  • Primary Location: United States,New York,New York
  • Other Location: United States,New Jersey,Jersey City
  • Education: Bachelor's Degree
  • Job Function: Compliance and Control
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 19028548


As the primary face-off to the business, the Anti-Money Laundering (AML) Risk Management Treasury & Trade Solutions (TTS) head for the North America (NAM) region with global responsibilities for Foreign Missions Banking and TTS products outside of correspondent banking, trade and payment intermediaries draws on deep AML expertise, strong risk management skills and applicable business knowledge to actively identify, assess and manage AML risk across Citi's clients, products and geographies. This individual acts as an effective and trusted information source to the business on AML laws, regulations, policies and practices and works with other AML partners on the design, development, and refinement of the Citi AML Program. Working collaboratively with both the first and third lines of defense to execute the AML program effectively, this second line of defense function provides oversight through appropriate controls and escalation framework.
This individual is responsible for assessing complex issues, structuring potential solutions and driving to effective resolution with senior business stakeholders. The role translates AML strategy and goals across Citi's clients, products and geographies, providing direction and guidance on the program. AML Risk Management works proactively with the business to achieve solutions, with the ability and confidence to demonstrate "credible challenge" - challenging management, escalating issues and pressing for change while highlighting and emphasizing this critical role as the second line of defense.
Job Responsibilities:
  • Provide AML guidance to the TTS business in NAM and globally for Foreign Missions Banking and TTS products outside of Foreign Correspondent Banking, Trade Finance and Payment Intermediaries-i.e. liquidity products, cash management, receivables and bill payment-to assist in identification and mitigation of AML risk and drive increased understanding of and accountability for AML risks. This includes the following:
    • Serve as a key risk management thought leader for Citi for AML matters relevant to the TTS business line. Set, develop, and implement strategic AML risk management direction for these business groups globally.
    • Maintain sufficient understanding of the products and services to recognize AML risks and vulnerabilities and opportunities to leverage aspects of overall compliance programs for efficient and effective risk coverage.
    • Review and assess new products and services in the TTS business for inherent AML risk and determine that an appropriate control is established and operational prior to implementation.
    • Develop, implement, enhance and draft relevant AML policies and procedures for the TTS business designed to manage inherent risk of the business or activity within the firm's risk tolerance.
  • Work proactively with the business to achieve solutions while demonstrating "credible challenge" when and where necessary.
    • Challenge management, escalate issues and press for change while highlighting and emphasizing the role as the second line of defense.
    • Review, address and escalate significant AML/Sanctions issues and activities to senior management.
  • Understand and monitor the legal, regulatory and industry practices environment; provide up-to-date knowledge and expertise relevant to AML compliance and the TTS business.
    • Liaise with US and foreign regulators and Citi internal audit staff for AML matters, as appropriate, including coordinating AML-related examinations, audit and reviews, document production, and issue responses.
    • Ensure there is adequate AML training provided to the TTS business's employees, and, as needed, participate in the design and delivery of training as required to inform employees of the objectives of AML Program areas and the standards necessary to satisfy them.
  • Work closely with AML Core program pillar leaders to develop appropriate AML controls and standards, implement and execute them within both the program framework and technology applications as necessary to maintain and enhance the TTS business line's AML program elements.
  • Manage a staff of AML professionals to accomplish the group's goals and objectives; invest in the development of all team members.
  • Serve as AML Representative to Senior Governance meetings for the TTS business including the New Product Approval Committee. Represent Citi as appropriate to external audiences through conferences, industry roundtable groups or participation in public / private partnership initiatives. Serve on the AML Governance and Business Risk Committee (GBRC) and participate in Business and Compliance committees or working groups as appropriate.


  • 10+ years of experience in AML compliance, legal or other control-related function in the financial services industry; experience with a regulatory body a plus
  • Excellent written, verbal and analytical skills; strong communication and presentation skills with the ability to articulate complex problems and solutions through crisp and clear messaging
  • Significant knowledge and expertise of AML regulations, risks and typologies
  • Demonstrated ability to assess complex issues through root cause analysis and other analytic techniques, structure potential solutions, and drive to resolution with senior stakeholders
  • Experience with and previous exposure to internal control functions and regulators within the US; particularly banking and AML regulators
  • Demonstrated ability and confidence to challenge business management, escalate issues and press for change. Comfort with creative tension across different lines of defense while maintaining professionalism and a shared goal of quality growth
  • Experience in the design and implementation of AML programs
  • Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
  • Strong track record of effectively assessing and managing competing priorities
  • Experience managing diverse teams and comfort navigating complex, highly-matrixed organizations
  • Bachelor's degree required; Advanced Degree (e.g. JD, MBA) preferred