Compliance Officer - FIU AML Investigations
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.
The Compliance Officer is responsible for managing a caseload of investigations, perform analysis and follow-up and work cases from beginning to completion according to Citi AML procedures and policies. Investigations are generated from sources which include:
1. Cases generated via Case Management Tool (e.g. Mantas)
2. Client-On boarding and Maintenance and Transaction monitoring referrals
3. Government sources (e.g. Subpoenas, 314 (a))
4. Referrals from business partners and other control areas
Document and report the investigation findings and prepare case files for review (e.g. media search results, copies of statements/checks, results from internal system searches etc.)
Responsible for communicating with internal and external entities, members of the sales team and other Citigroup AML monitoring units.
Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
Conduct research over available Bank systems, the Internet and Databases consistent with the resolution of investigations.
Write and file Suspicious Activity Reports (SARs) and recommend relationship retention or termination and track account closures as required.
Interact with Senior Management on the Compliance, Legal and business sectors concerning AML issues.
Document all research and analysis conducted in the Case Management System.
Follow-up with additional Point(s) of Contact (POC) as needed to identify additional information in support of the case.
Liaise with other FIU units, Advisory, Business Compliance teams, CSIS, FIU Legal, GIU, and Law Enforcement.
Conduct Cross Sector reviews among multiple Citi business lines.
Triage cases and identify items appropriate for Senior Management escalation.
May provide direction to more junior staff.
Bachelor's Degree required or equivalent experience.
6 years' experience in reviewing customer transactions and information for potentially suspicious activity and performing AML or financial investigations.
Knowledgeable 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.
General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred as well as compliance with those business segments.
4 years' experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements.
Established business knowledge and comprehension of financial products
Excellent organizational, time management and project management skills.
Excellent research skills including experience with online search tools.
Advanced proficiency in Microsoft Word, Excel, Access, Power Point and Outlook.
Strong attention to detail and follow-up skills
Strong writing, analytical and communications skills. Must be able to multitask and complete projects on time.
Ability to understand and draw conclusions from research conducted
Should be a self-starter, and organized, and must have the ability to work independently, without supervision.
Proficiency in a foreign language is a plus.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.
The Compliance Officer is responsible for managing a caseload of investigations, perform analysis and follow-up and work cases from beginning to completion according to Citi AML procedures and policies. Investigations are generated from sources which include:
1. Cases generated via Case Management Tool (e.g. Mantas)
2. Client-On boarding and Maintenance and Transaction monitoring referrals
3. Government sources (e.g. Subpoenas, 314 (a))
4. Referrals from business partners and other control areas
Document and report the investigation findings and prepare case files for review (e.g. media search results, copies of statements/checks, results from internal system searches etc.)
Responsible for communicating with internal and external entities, members of the sales team and other Citigroup AML monitoring units.
Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
Conduct research over available Bank systems, the Internet and Databases consistent with the resolution of investigations.
Write and file Suspicious Activity Reports (SARs) and recommend relationship retention or termination and track account closures as required.
Interact with Senior Management on the Compliance, Legal and business sectors concerning AML issues.
Document all research and analysis conducted in the Case Management System.
Follow-up with additional Point(s) of Contact (POC) as needed to identify additional information in support of the case.
Liaise with other FIU units, Advisory, Business Compliance teams, CSIS, FIU Legal, GIU, and Law Enforcement.
Conduct Cross Sector reviews among multiple Citi business lines.
Triage cases and identify items appropriate for Senior Management escalation.
May provide direction to more junior staff.
Bachelor's Degree required or equivalent experience.
6 years' experience in reviewing customer transactions and information for potentially suspicious activity and performing AML or financial investigations.
Knowledgeable 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.
General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred as well as compliance with those business segments.
4 years' experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements.
Established business knowledge and comprehension of financial products
Excellent organizational, time management and project management skills.
Excellent research skills including experience with online search tools.
Advanced proficiency in Microsoft Word, Excel, Access, Power Point and Outlook.
Strong attention to detail and follow-up skills
Strong writing, analytical and communications skills. Must be able to multitask and complete projects on time.
Ability to understand and draw conclusions from research conducted
Should be a self-starter, and organized, and must have the ability to work independently, without supervision.
Proficiency in a foreign language is a plus.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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