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Anti-Money Laundering (AML) Compliance Officer

Employer
Citi
Location
Singapore, Singapore
Salary
Competitive
Closing date
Dec 3, 2023

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Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Citi's Global Legal Affairs and Compliance (GLAC) empowers and protects Citi by providing legal, compliance, investigative, and security services to our firm. We manage compliance risk, provide legal analysis and advice, protect Citi's people and businesses, advocate for legal and regulatory outcomes that benefit our firm and our clients, and ultimately promote behavior that is consistent with Citi's mission and culture.

The Compliance Anti Money Laundering Risk Management Analyst is an intermediate level role responsible for recommending/establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data, and formulate strategic recommendations on policies, procedures, and practices.

Responsibilities:
  • Review and perform KYC (Know Your Client) assessment on client on-boarding and periodic review as Line 2 of defense.
  • Identify, vet and address potential risks or escalated issues with the assistance of functional partners and key stakeholders
  • Utilize information from regulatory changes, new regulations, and internal policy changes to further identify new key risk areas
  • Analyze comparative data, prepare and present reports related to AML risk assessments, and monitor AML related issues and escalation
  • Create and develop AML Compliance Risk Management (ACRM) standards and policies
  • Advise on a plan of action for risk issues, based on analysis of information
  • 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.
Qualifications:
  • 0-2 years of relevant experience
  • Experience and knowledge of AML regulations/laws [such as the Bank Secrecy Act, the United States (US) Patriot act, US Treasury AML guidelines, and Office of Foreign Assets Control (OFAC) requirements]
  • Experience writing and preparing Suspicious Activity Reports (SARs)
  • Proficient computer skills with a focus on Microsoft Office applications
  • Consistently demonstrates clear and concise written and verbal communication
Education:
  • Bachelor's Degree/University degree or equivalent experience
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Compliance and Control
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Job Family:
AML Compliance & Risk Mgmt
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Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .

View the EEO Policy Statement .

View the Pay Transparency Posting

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