Global KYC Senior Compliance Analyst (AVP) - Periodic Transaction Review

The Periodic Transactions Review (PTR) is a process conducted in order to strengthen customer due diligence to fully identify and address the AML risk associated to correspondent accounts. Periodic Transaction Review Team is conducting a review of a Foreign Correspondent Banking (FCB), Affiliate, Payment Intermediaries (PI) and Embassy client’s transactional activity.

The Periodic Transactions Report is a part of the Citi KYC renewal process and is used to assist with evaluating the client’s AML risk. The PTR analysis covers three months activity. Information gathered in the Periodic Transactions Report is used to understand the usage of the correspondent accounts by the clients and the possible associated AML risks while renewing the KYC documents for this client. It validates the accuracy of anticipated account activity, the accuracy of the risk score associated with the client, and identifies potential risk areas such as nested activity, high risk customers, unusual activity or patterns.

The candidate should have a well-rounded understanding of the components of an AML program including Know Your Customer, Client Identification Program and Enhanced Due Diligence for high-risk customer types including Payment intermediaries, Embassies, and Politically Exposed Persons, etc.

The candidate should have broad knowledge of the Anti-Money Laundering and Counter Terrorist Financing laws and regulations within the relevant region, including an understanding of the region specific ML typologies and AML challenges as well as the ability to recognize and investigate higher risk factors.

Key responsibilities:

• Complete PTR reviews within specific time period and the make sure the report is in line with the PTR requirement / procedure.
• Perform detail analysis of transactional activity to identify unusual/suspicious activity based on AML red flag / typologies knowledge.
• Validate the negative media news to determine the AML / reputational risk to Citi Bank.
• Using proprietary, subscription and public databases, research entities related to the transactions
• Perform a comprehensive review of the details identified in PTR report across prior information and clients KYC profile.
• Raising recommended adjustments to a KYC profile, or request additional information as it relates to transaction activity which cannot be reasonably explained.
• Provision of guidance and advisement (where appropriate) on due diligence and Know Your Customer (KYC) checks conducted on FCB relationships ensuring that such is in line with relevant regulatory standards.
• Thoroughly and succinctly document the research and analysis related to the financial activity and related entities for an audience that includes: - Regulators - Internal Audit - Relationship Managers - Senior Managers and - Internal Compliance
• Communicate with internal entities, including senior managers and other Citigroup AML monitoring units to ensure findings are incorporated in all aspects of the AML control program
• Meet or exceed quality, productivity and timeliness goals.
• Participating in business projects and new product evaluations related to Periodic Transaction Review
• Analyzing and improving the operational processes and recommending solutions to increase efficiency and effectiveness
• Developing and maintaining positive relationships with key stake holders, regional, and country Compliance, Operations and Technology
• Act as Subject Metter Expert for the team of analysts.

Skills and competencies:

• KYC and CDD/EDD experience, including good understanding of various corporate structures including offshore Trusts, Funds, and Special Purpose Vehicles etc.
• General and broad understanding of key AML and reputational risks, including PEPs, Sanctions, ABandC.
• Knowledge of international and regional AML laws and regulations and FATF recommendations
• Understanding of emerging markets and high risk industries
• Understanding of cash management products and correspondent banking.
• Excellent communications abilities as a communicator, including top-drawer written skills
• Excellent interpersonal and team-building skills
• Significant attention to detail
• Ability to work simultaneously with multiple conflicting priorities, timelines and stakeholders
• Commitment to co-operative and collaborative working

• Practical ability to apply and communicate legal and regulatory requirements to day-to-day activities.
• Excellent judgment and assessment skills; proactively employs personal curiosity to identify and research parties using a risk-based approach.

Experience:

• 5+ years’ work experience directly related to complex and sensitive investigations, or any combination of AML/BSA, fraud, financial irregularities, etc.
• Strong experience in transaction monitoring.

Qualifications:

• Minimum Bachelor’s degree or equivalent required. MBA degree desirable

Desirable Criteria:

• ACAMS

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

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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.

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