Citigroup Europe Head of AML, Managing Director in Dublin, Ireland
The Compl AML Core Sr Director manages multiple teams of senior professionals through other senior managers. The job requires a broad and comprehensive understanding of the different systems, theories and practices relevant to a function as well as practical experience of multiple business cycles. In-depth knowledge of the industry and direct competitors' products/services is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the business, combined with a solid conceptual/practical grounding in both the function and/ or area of expertise. Excellent communication skills required in order to influence a wide range of audiences. The job is likely to be involved in both internal and external negotiations which will have a major impact on the area managed, and possibly on other related areas and organization as a whole. Develops medium- to long-term plans and executes functional strategies for a large/complex country, cluster of countries, or business requiring coordination and integration across units. Provides input into strategic decisions affecting job family or function within a region or business. Full management responsibility of multiple teams, including management of people, budget and planning. Has authority to negotiate and make independent decisions on issues/activities that have critical impact or influence on company revenues, capital or business operations. Typically, a direct report to an EB role and sits on the highest functional leadership team within a region,, or global business.
Design, develop, deliver, and maintain best-in-class AML Compliance policies and practices; provide a mechanism for identifying key money laundering risks and how the mitigation of those risks would be monitored and measured through a robust control framework. Conduct reviews consistently across each entity on a regular basis to validate that the controls identified are operating effectively.
Institute and support the formal Feedback Channel with the Businesses, Internal Audit and Compliance Assurance to proactively perform root cause analysis and communicate to relevant stakeholders through the established channel. Oversee the review, consolidation, and tracking to resolve significant issues identified through root cause analysis to senior management. Furthermore, validate that the feedback / root causes from various channels is consolidated and shared within AML Compliance to allow for enhancements to Policy/Standards and Learning & Development, as necessary.
Continually review and monitor the results from Manager Control Assessments (MCAs) to determine if changes are required.
Liaise with US and foreign regulators externally and Citi Internal Audit and Compliance Assurance staff, as appropriate, including coordinating AML-related examinations, audit and reviews, document production, and issue responses to confirm there is consistency in responses and issues are communicated across regions, such that actions and conclusions are shared.
Act as the internal and external point of contact to senior management, stakeholders and regulators on the AML program.
Respond appropriately and timely to escalations.
Provide adequate training to the Business lines and other AML Compliance employees, and, as needed, participate in the design and delivery of training as required, to inform employees of the objectives of the program.
Lead and manage a diverse team of staff across multiple locations; invest in the development of all team members to facilitate consistent execution.
Additional duties as assigned.
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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
15+ years relevant experience
Prior work experience in a financial institution with job specific work experience in AML
Self-motivated and detail oriented
Proactive leadership and motivational skills
Consistently demonstrates clear and concise written and verbal communication skills
Advanced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging Significant knowledge and expertise of AML regulations, risks and appropriate controls Experience in the design and implementation of AML programs Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
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 Experience with and previous exposure to internal or external control functions and regulators (incl. the US); particularly banking and AML regulators
Level of comfort with creative tension across different lines of defense while maintaining professionalism and a shared goal of increased quality levels across the program
Demonstrated ability to effectively assessing and managing competing priorities Experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
- Bachelor's/University degree, Master's degree preferred
The Compliance Anti-Money Laundering (AML) Head of Europe is a senior management level position responsible for managing all aspects of Citi’s European AML program, including internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader AML team.
The Head of AML for Europe reports to the Head of AML for EMEA, and will be responsible for driving change and enhancements across Citi's European AML program. The role is responsible for providing strategic thought-leadership regarding the interpretation, adoption, governance, management and adherence to firm-wide risk programs, and covers each of the AML Program’s core components including the Know Your Customer Program, Transaction Monitoring and Investigations, and Reporting. This role is responsible for assessing complex and developing issues, structuring potential solutions, contributing to a culture of learning and continuous improvement, and driving to resolution with senior stakeholders.
This role requires an advanced understanding of European AML regulations, including the EU AML Directives, with an ability to convey compliance needs to various internal stakeholders, including representing the AML function in relevant governance fora. The role encompasses a large team of compliance professionals across Europe, and involves partnering with stakeholders across the AML leadership team, Independent Compliance Risk Management, Operational Risk Management, and Internal Audit.
As a representative and extension of the ICRM AML team, the successful applicant will liaise with regulators on critical AML issues, participate in key governance forums, risk assessment and training initiatives, and support reporting to executive governance groups.
In addition to the Europe Head of AML, as the AML lead for Citi Europe Plc this role is a controlled function (PCF52) under the Central Bank of Ireland’s F&P regime and the role holder will require regulatory pre-approval.
Job Family Group:
Compliance and Control
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