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Primary Location: Australia,New South Wales,Sydney
Education: Bachelor's Degree
Job Function: Compliance and Control
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18064381
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. The strategic intent of the role is to ensure that all Institutional Client Group (ICG) business areas meet their Anti-Money Laundersing / Counter Terrorism Financing (AML/CTF), sanctions regulatory and policy obligations. In addition, the role takes a central function in coordinating policy reviews and list management reconciliations. Key accountabilities include:
Provide advice and interpretation on the application of AML/CTF regulation and policies, procedures and related documentation
Draft Australian specific AML policies, guidelines and related documentation as required and support implementation within ICG business
Act as Policy coordinator with responsibility of ensuring that all global AML and sanctions policies are reviewed, assessed against in country procedures and implemented in a timely manner
Manage any Australian specific deviations/exceptions from global policy required
Act as Screening list coordinator with responsibility for reconciliation of local lists and providing SME support to businesses
Perform oversight and monitoring activities over third parties performing AML obligations for the ICG businesses
Ensure that AML Compliance risks are adequately identified, assessed, monitored, controlled and reported as required to senior management
Review on-boarding and renewal of high risk customer relationships within the ICG business
Identify, investigate and escalate AML issues, red flags and policy exceptions and assure that senior management are fully informed of significant AML issues on a timely basis
Review AML/CTF training decks as required and provide guidance to the business as required
Provide advice where required on any AML risk scoring methodologies adopted by the business
Disseminate AML/CTF regulatory and policy requirements to all staff through training and other means, ensuring that changes in law, regulations and policy are effectively communicated
Conduct issue closure validation on required AML/CTF issues that have been closed by the ICG business
Conduct MCA (Management Control Assessment) testing on AML Compliance functions as allocated
Tertiary or additional relevant qualification an advantage.
Experience in AML/CTF matters particularly AUSTRAC requirements. Exposure to/knowledge of the US Patriot Act.
Understanding of Australian AML/CTF laws, rules and regulations including sanctions regimes.
Strong analytical skills
PC Skills - Word, Excel, PowerPoint and Outlook
Language - Strong written and verbal skills
Product: expected to have strong practical experience in Institutional banking
Personal Attributes/Interpersonal skills:
Personal drive to achieve required outcomes within specified timeframes
Actively participate and work as part of a team
Description of minimum work experience required for this role:
Minimum three years proven experience in AML/Financial Crime or financial services compliance function
Experience in identifying AML risks and providing advice to business
Excellent verbal and written communication skills and the ability to develop strong stakeholder relationships
When you work at Citi, you will be working for an organisation that truly has a global footprint and a powerful network that spans the globe. We celebrate individual ingenuity and use the diversity of our people in order to drive high performance. Through dedicated support, training and resources, we promote our talent and future leaders to bring about lasting and positive impact. Citi Australia is an Employer of Choice for Women and supports a flexible work environment.
Internal Number: 4648701
About Citi Australia
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