| Employer: | Citi Group
| Job Ref No: |
12003942
| Job Title: |
HK - CPB - Regional Anti-Money Laundering Compliance Officer
| Sector: |
Other
| Sub Sector: |
Other
| Risk Type: |
Other
| Expertise: |
Risk Manager
|
Compliance with Anti-Money Laundering regulations is an increasingly important task for Citi globally, with the potential regulatory and financial damage of non-compliance increasing year on year. Citi Private Bank in Asia operates in a range of jurisdictions, each with their own distinct AML requirements.The Regional Anti-Money Laundering ("AML") Compliance Officer (Regional Sector AMLCO) assists the CPB Regional Sector AML Compliance Head in coordinating the AML compliance program in the APAC region. The Regional Sector AMLCO reports directly to the relevant Regional Sector AML Head. S/He is an integral member of the Regional AML Team, and the relevant Global/Regional AML Sector Teams. The Regional Sector AMLCO supports and assists the Regional Sector AML Compliance Head in the development, implementation and management of the business-specific Regional AML Program, as applicable for the relevant business. S/He also assists the Regional Sector AML Compliance Head in providing guidance to the Country Sector AMLCOs who implement and manage the applicable business-specific Regional AML Program within their respective countries. The Regional Sector AMLCO also participates in the implementation of global/regional AML initiatives, and undertakes tasks and responsibilities as assigned by his (her) Regional Sector AML Head, including examination and investigation of issues escalated by staff in relation to client activity. Key responsibilities: - Supports and assists Regional AML Head in the implementation of the Citi AML Policy, and the various Global AML Directives in the relevant Citi business in APAC
- Works closely with the Regional Sector AML Head and the Regional AML Team in effectively managing AML/Sanction risks in APAC
- Works closely with KYC and documentation team in HK/SG (for client identification matters), and the ATAC team in Kuala Lumpur (for transactional alert matters)
- Undertakes and assists with the examination and investigation of alerts linked to client transactions or behavior
- Ensures Citi's adherence to applicable AML and Sanctions laws and regulations in APAC with the development and implementation of a business-specific Regional AML Sanctions Program
- Forms part of the Regional Sector AML Team which is responsible for managing the business-specific Regional AML Sanctions Program, as well as to assist the respective businesses within the Countries develop effective AML programs, including programs to provide AML training to appropriate personnel within the business
- Collaborates closely with Operations and Technology (globally/regional) on the implementation and management of effective policies and processes for the performance of KYC and AML monitoring, as well as the production of relevant AML metrics
- Participates meaningfully in global/regional AML initiatives to enhance and/or improve AML controls in the relevant business and/or across all Citi businesses, as applicable
- Provide support and guidance to Country AMLCOs on the Regional Sector and Country Sector AML Programs, as applicable
- Provide advice and guidance to the Country Sector AMLCOs on possible ML/TF risks, and on the prevention, detection and reporting of suspicious activity as required by Citi AML polices and applicable local law
- Coordinates and consolidates timely, complete and accurate MIS/Dashboard reporting of Regional sector-specific AML issues, and any other reports as may be required
- Keeps abreast of new trends and developments in the field of AML/CTF, as well as of legal/regulatory changes
- Provides training and information on ML trends and typologies to colleagues in non-compliance areas
- Degree from a recognized university major in Accountancy, Banking, Business, Economics or Law
- Relevant professional qualification in financial services or audit would be advantageous
- Minimum eight years of work experiencein the financial services industry with at least fiveyearsin Compliance and/or AML Compliance and/or legal, audit, risk management role
- Comprehensive knowledge ofAML Policies and Control standards and policies, as well as the relevant Global AML Program and policies is a must
- Familiar with ML/TF typologies and risks associated with the business, as well as ML legislation in one or more APAC jurisdictions
- Ability to interface and partner with Compliance/ AML/Control/Technology/Operations and Business across countries
- Ability to multi-task and execute tasks with a sense of urgency and with the ultimate goal of delivering tasks on time
- Independent and works with minimum supervision, proactive in execution of priorities and goals
- Must be fluent in English and knowledge of another Asian language would be preferred
- Strong verbal and written communication and presentation skills
- Strong interpersonal skills with ability to effectively interact with cross functional teams, management and front line associates
- Good planning and organization skills
- Good analytical, process management and implementation skills
| Employment Type: |
Full Time
| Region/Country: |
Asia / Pacific, Hong Kong
| City: |
Hong Kong
| Address: | | Post Date: | 03/14/2012 |
