Vice President - Anti Money Laundering Lead Analyst

United States Citigroup

The CRIU Lead Analyst is senior professional responsible for performing risk and compliance reviews in coordination with the broader Anti-Money Laundering (AML) team. The overall objective is to utilize in-depth AML knowledge to review, analyze and conduct effective due diligence and investigations on higher risk cases that may be a potential risk to Citi. Responsibilities may also include review of cases completed by Analysts for timeliness and accuracy, coaching/training team members, as required, and assisting management in exams/audits, and mitigating operational risks.

Responsibilities:

Investigations

• Conduct investigations and research on potentially suspicious clients using various internal and external systems and databases
• Document and report the review/investigation findings and prepare case files with the required supporting documentation
• Summarize, in writing, clear and concise findings of the investigations
• Advise senior management on next steps and provide recommendations on the next course of action (relationship retention, termination, Suspicious Activity Report (SAR))
• Manage risks by analyzing the root cause of issues and impacts to business
• 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.

Operational outputs and execution

Oversee all statistical data/metric relating to team performance, productivity and quality; to include:

• Active participation in team meetings to communicate current trends and issues
• Prepare, review, monitor and report to CRIU L2 managers on weekly productivity metrics, and contribute to implementing actions based on reported trends
• Prepare and produce daily reports on team performance/timeliness through publication of MIS reports;
• Utilise productivity, quality and performance data to inform capacity planning team CRIU management and UAE AMLCO

Monitor and maintain daily reports in respect of complex case classification, and update Case Management tools accordingly

Where appropriate prepare the required reports and submit to:

• CRIU L2 management
• CRIU L 1 Management
• UAE AMLCO (or deputy)
• Internal Audit
• Any regulatory requirements as specified

Monitor, review and report on manual case creation including complex classification and where appropriate report to CRIU management

Monitor, review and report on data concerning case closure to ensure compliance with global policy, monitor disputes and where appropriate report to CRIU management

Oversee team output as senior checker for all questionable activity to include responsibility for developing on-the-job training and coaching programs bespsoke to new hires in respect of execution activity

Act as point of contact to manage data requirements for planned Audit/regulatory reviews and existing open CAPs:

• Preparing CRIU-related deliverables for audits and regulatory reviews;
• Participating in meetings with audits, responding to queries, etc.

Maintain and oversight over the operational and technological issues facing the CRIU L2 team and ensure smooth operational process through ongoing automation activity.

Act as the main point of liaison with other units and departments notably CI-CRIU, Fraud, L1 teams in Warsaw and KL

Act as delegate to the UAE CRIU Management in the relevant forums and meetings whenever required.

Review the new policy updates with the UAE CRIU Manager and ensure it had properly communicated and understood by the team members.

This role my also be responsible for:

• Review AML cases completed by Analysts to ensure that any material AML risks have been mitigated and case documentation is in accordance with the unit s policies and procedures.
• Carry out SAR Reporting Officer responsibilities by Reviewing/Approving Suspicious Activity Reports (SARs) drafted by Analysts consistent with FinCEN requirements.
• Ensure SAR related regulatory timelines and requirements are followed by the team (i.e., in accordance with CBUAE SLAs).

Qualifications:

• ACAMS certified
• 6 -10 years of experience
• 4+ years of experience in drafting and/or approving Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements
• Understanding of advanced money laundering typologies and techniques, and investigative practices for detecting such activity
• Ability to operate with a limited level of direct supervision
• Ability to exercise independent judgement and autonomy
• Proficient in MS Office
• Proven analytical skills
• Effective verbal and written communication skills
• Comprehensive knowledge of CBUAE AML regulations preferred
• Responsible for volume, quality and timeliness of work product
• Follows procedures and identifies opportunities to strengthen controls
• Learns from experiences, adapts and improves, and welcomes challenge from others on processes and decisions
• Takes ownership and accountability for delivering outcomes, takes responsibility for own work
• Succeeds together: Builds strong relationships with stakeholders

Education:

• Bachelor's/University degree, Master's degree preferred