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TTS Payments and Receivables Global AML Services Manager

Company: Citi
Location: Englewood Cliffs
Posted on: June 21, 2022

Job Description:

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 are widely available to all.

Payments and Receivables works closely with Anti-Money Laundering Compliance Risk Management (ACRM) function globally to drive a range of issues including compliance with AML regulatory and legal requirements, client implementations and processing rules, assessment of operational structures for new products from an AML perspective, guidance and oversight for transformational technology/ infrastructure initiatives, and review payment schemes that may result in reputational/ franchise risk for Citi.

The Payments and Receivables AML Services Product Manager is a senior level role responsible for developing the Global framework and program structure for AML in digital payments. - The role holder will drive the development of 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 for this role is to supply senior level AML strategies for Digital payments companies.

The AML Services Product Manager will report to the P&R Global Head of AML Services.

Understand digital payment products, trends, typologies, and technologies and assess the AML risks associated with the same.
Track emerging trends and typologies and ensure communication to relevant stakeholders.
Work closely with the Global Head of Banking as a Service in developing new products for fintechs, and platform clients
Lead the global AML funds transfer program implementation
Lead the regulatory remediation programs related to data deficiencies
Provide global TTS Product Development and Payment Operations teams with day-to-day support on AML compliance matters relating to client on-boarding and maintenance (including implementations and processing rules), product and service launches, and client issue escalations/ exits.
Utilize information from global regulatory changes, new regulations, and internal policy changes to further identify new key risk areas

Skills and Competencies:
Solid Understanding of the mechanics of third-party payments. - Experience/ knowledge of payment products and services. (Strong background in Cash operations or Cash Customer Service is a plus.)
Good understanding of the emerging e-commerce and Fintech space
Good understanding and comfort with technology, data analytics, etc. -
Knowledge and experience in AML within an international environment
Knowledge of APAC, US and EMEA AML laws and regulations and FATF recommendations
Ability to draw conclusions from a comprehensive assessment of multiple data points and express those conclusions clearly and succinctly to senior management in the business and in AML. -
Aptitude to independently determine what is material, relevant and actionable. - -
Strong collaboration skills and ability to work closely with stakeholders in the business. - Ability to ensure sound risk management practices while recognizing and demonstrating sensitivity to competing interests. -
Ability to identify and assess the long-term effects of decisions and solutions on customers and the business.
Ability to maintain composure under pressure, present a credible challenge to the business and when required, articulate difficult positions to clients. -
Comfort and confidence presenting at Citi compliance summits and other similar events.
Successfully employs personal curiosity.
Excellent work ethic (respectful, honest, considerate, self-motivated, can work independently without supervision, works well under pressure, readily adapts to changing work priorities).

10+ years of relevant work experience within a medium or large Financial Institution
3+ years work experience in AML compliance, risk, or a control-related function
Significant experience within payments and cash management businesses, with a particular focus on product management, development, operations, and technology functions
Knowledge of AML laws and regulations, including a general and broad understanding of key AML and reputational risks (PEPs, Sanctions, AB&C, etc.) required
A background in general compliance/ legal/ audit, and candidates who can demonstrate an understanding of Citi AML policies and procedures, will be considered a plus
Proven track record of delivering results in a challenging and changing environment
Proficiency in Microsoft Office suite: Word, Excel, PowerPoint

Ideal candidates must be a university graduate with a 4 Year bachelor's degree

New York / London
Job Family Group:
Product Management and Development -------------------------------------------------
Job Family:
Product Management ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------

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


Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Tenafly , TTS Payments and Receivables Global AML Services Manager, Executive , Englewood Cliffs, New Jersey

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