Compliance Testing Officer (AVP/ VP) recruitment
Job purpose:
In opportunity exists within Citi's Corporate and Investment Bank Compliance team to provide pro-active regulatory advisory services to the global markets business. This is to help manage and support their adherence to Anti-Money Laundering (AML) Compliance policies and procedures. The role will include the provision of regulatory advice and guidance to the business; investigation of financial transactions; evaluation and assessment of client relationships; and support to the wider AML advisory unit.
Job Background/context:
This job has become available due to the growth of the AML function in London. The position will be in the support of the team in London that covers the EMEA region.
Key Responsibilities:
- Scrutinise client relationships to evaluate their regulatory and reputational risk.
- Write Compliance reports that present objective information regarding the issues clearly and accurately, and in a manner that can be easily understood by non-Compliance personnel. You must be able to
- determine the purpose of the report and who will read it.
- Prepare for, deliver and evaluate formal presentations to internal staff and senior management.
- Advise multi-product front-line staff on the scope and implications of relevant AML policy in line with their regulatory responsibilities.
- Obtain and analyse transactions and transaction patterns related to Foreign Correspondent Bank client activity to identify specific and anomalous activity.
- Using proprietary, subscription and public databases to research entities related to transactions
- Thoroughly and succinctly document the research and analysis related to the financial activity and related entities for an audience that includes Regulators, Internal Audit, Senior Managers and Internal Compliance.
- Communicate with internal entities including include senior managers and other Citigroup AML monitoring units to ensure findings are incorporated in all aspects of the AML control program.
Developement Value:
- Opportunity to undertake training in Compliance.
- Project management ownership.
- Opportunity to work in AML at one of the most diverse global banking groups in the world.
Skills
Knowledge/Experience:
- Understands the purpose and structure of the financial services industry, including the main types of institution and organisation.
- Understand the main financial services product types and their functions.
- Genuine and inquisitive interest in the financial services industry, including the interplay between different products and institutions.
- Finance/Banking background preferable.
Qualifications:
- Bachelor's degree or equivalent work experience.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Skills:
- Report writing.
- Excellent judgment and assessment skills; pro-actively employs personal curiosity to identify and research transactions and transaction-related-parties using a risk-based approach.
- Excellent communication skills as evidenced by the ability to concisely and meaningfully explain and support research conclusions, both in written and verbal formats.
- Proficient in MS excel (sort, pivot tables).
- Strong interpersonal skills.
- Meticulous attention to detail.
- Ability to work individually and in Global and Regional teams on all aspects of AML.
Competencies:
- Complex problem solver - approach problems with curiosity and an open mind; make an effort to deliberately and systematically understand how others see a situation; develop your personal creativity; apply
- creativity to all phases of problem solving.
- Developing effective business relationships - understand the regulatory needs and business challenges; genuine interest in the needs and concerns of others; relate to others in an accepting and respectful manner.
- Analyse Issues - identify and test assumptions; analyse issues from different points of view; apply accurate logic and reasoning.
- Adaptability - versatility in response to a wide range of situations; work effectively in ambiguous situations; constructively deal with mistakes and setbacks; handle stress appropriately.
- Learns continuously - regularly review your competency knowledge; set development priorities; pursue ways to develop and apply specific skills; view mistakes as learning opportunities.
- Show Drive and Initiative - Demonstrate a drive for results; utilise your time efficiently; foster a sense of urgency; take action on issues.
- Valuing diversity. Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success.
Grade: AVP/VP
June 17, 2012
• Tags: Accounting & Finance careers in the UK, Compliance Testing Officer (AVP, VP recruitment • Posted in: Financial