Job Description
The Assistant Vice President (AVP), Financial Crimes Risk Management will play a crucial role in supporting the execution of financial crime risk management strategy for Citi's Banking business.
This position is a critical component of the First Line of Defence (1LOD) and covers the Corporate, Investment, and Commercial Banking businesses.
The AVP will be responsible for identification, assessment, and mitigation of financial crime risks, as well as supporting the implementation of policies, procedures, and controls to ensure compliance with AML, Sanctions, and AB&C regulations.
Key Responsibilities:
* Identify, assess, and implement mitigation of key emerging and existing financial crime risk areas by conducting reviews using data analysis and monitoring to detect suspicious activity and trends.
* Review recent news, court documents, and public/private sector white papers, prior AML Investigations, subpoenas, escalations to detect trends and 'connect the dots' amongst disparate data sets.
* Raise inquiries to bankers and follow-up with them for Information critical to conclude the reviews.
* Interpret data, analyze results and provide ongoing reports, present data in charts, graphs, tables and documentation to communicate key risk metrics, findings, and initiatives.
* Work collaboratively with the team and stakeholders to analyze and review typologies to establish review processes.
* Utilize pertinent information to write clear and concise summary on the findings of the investigation and advise senior management on next steps.
* Timely escalate matters which impact the timelines of reviews, closely track completion of all initiatives.
* Independently run portfolio reviews to enhance financial crime risk management capabilities.
* Build and maintain strong working relationships with key stakeholders in compliance and business.