Europe Head Of Aml, Managing Director

The Compliance AML Senior Director manages multiple teams of senior professionals through other senior managers.
The job requires a broad and comprehensive understanding of the different systems, theories and practices relevant to AML and sanctions as well as practical experience of multiple business cycles.
In-depth knowledge of the industry and direct competitors' products/services is also necessary in order to contribute to the commercial objectives of the business.
Requires thorough understanding of strategic direction of the function, combined with a solid conceptual/practical grounding in both the function and the broader Europe Cluster.
Excellent communication skills required in order to influence a wide range of audiences including the Board of the main legal entity in Europe and senior management across Citi's lines of business.
The job involves both internal and external negotiations which will have a major impact on the business lines in the Europe Cluster.
Develops medium- to long-term plans and executes functional strategies for the Europe Cluster requiring coordination and integration across units.
Provides input into strategic decisions affecting the function within the cluster.
Supervision and oversight of multiple teams, including management of people, budget and planning.
Has authority to negotiate and make independent decisions on issues/activities that have critical impact or influence on company revenues, capital or business operations.
A direct report of the Head of Europe Compliance.

Responsibilities: Design, develop, deliver, and maintain best-in-class AML Compliance policies and practices; provide a mechanism for identifying key money laundering risks and how the mitigation of those risks would be monitored and measured through a robust control framework.
Conduct reviews consistently across the Europe Cluster entities on a regular basis to validate that the controls identified are operating effectively.

Institute and support the formal Feedback Channel with the Businesses, Internal Audit and Compliance Independence Assurance to proactively perform root cause analysis and communicate to relevant stakeholders through the established channels.
Oversee the review, consolidation, and tracking to resolve significant issues identified through root cause analysis to senior management.
Furthermore, validate that the feedback / root causes from various channels is consolidated and shared within AML and International Compliance to allow for enhancements to Policy/Standards and Learning & Development, as necessary.

Continually review and monitor the results from Manager Control Assessments (MCAs) to determine if changes are required.

Liaise with US and foreign regulators externally and Citi Internal Audit and Compliance Independent Assurance staff, as appropriate, including coordinating AML/Sanctions related examinations, audit and reviews, document production, and issue responses to confirm there is consistency in responses and issues are communicated across the Europe Cluster entities, such that actions and conclusions are shared.

Act as the internal and external point of contact to senior management, stakeholders and regulators on the AML program.

Respond appropriately and timely to escalations.

Provide adequate training to the Business lines and other employees, and as needed, participate in the design and delivery of training as required, to inform employees of the objectives of the programs.

Lead and manage a diverse team of staff across multiple locations; invest in the development of all team members to facilitate consistent execution.

Additional duties as assigned.

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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervising the activity of others and create accountability with those who fail to maintain these standards.

Prescribed Control Function 52 (Head of Anti-Money Laundering and Counter Terrorist Financing Compliance) and Senior Executive with accountability for financial crimes under the Central Bank of Ireland's Senior Executive Accountability Regime.

Qualifications: 15+ years relevant experience
AML certification
Prior work experience in a financial institution with job specific work experience in AML and financial crimes
Self-motivated and detail oriented
Proactive leadership and motivational skills
Consistently demonstrates clear and concise written and verbal communication skills
Advanced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging Significant knowledge and expertise of AML and Sanctions regulations, risks and appropriate controls Experience in the design and implementation of AML and Sanctions programs Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses Experience with and previous exposure to internal or external control functions and regulators (incl.
the US), particularly banking and AML / financial crime regulators
Level of comfort with creative tension across different lines of defence while maintaining professionalism and a shared goal of increased quality levels across the program
Demonstrated ability to effectively assess and manage competing priorities.
Experience managing diverse teams, and comfort navigating complex, highly matrixed organizations.

Knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, MLD 5, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements etc.

Education: Bachelor's/University degree, master's degree preferred
This Role is a "Controlled Function" Role as defined by the Central Bank of Ireland Reform Act 2010 and Principal Regulations 2011, and amending Regulations 2014, 2015.

The Compliance Anti-Money Laundering (AML) Head of the Europe Cluster is a senior management level position responsible for managing all aspects of Citi's European AML program, including internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader AML team.

The Head of AML for Europe reports to the Head of Compliance for Europe and will be responsible for driving change and enhancements across Citi's European AML program.
The role is responsible for providing strategic thought-leadership regarding the interpretation, adoption, governance, management and adherence to firm-wide risk programs, and covers each of the AML Program's core components including the Know Your Customer Program, Transaction Monitoring and Investigations, and Reporting.
This role is responsible for assessing complex and developing issues, structuring potential solutions, contributing to a culture of learning and continuous improvement, and driving to resolution with senior stakeholders.

This role requires an advanced understanding of European AML regulations, including the EU AML Directives, with an ability to convey compliance needs to various internal stakeholders, including representing the AML function in relevant governance fora such as the Audit Committee of the main European Citi entity.
The role encompasses a large team of compliance professionals across Europe and involves partnering with stakeholders across the AML leadership team, Independent Compliance Risk Management (ICRM), Operational Risk Management, and Internal Audit.

As a representative and extension of the ICRM AML team, the successful applicant will liaise with regulators on critical AML issues, chair the Financial Crime Sub Committee, complete risk assessment and training initiatives, and support reporting to executive governance groups.

In addition to the Europe Head of AML, this role is a Prescribed Control Function 52 for Citi Europe Plc under the Central Bank of Ireland's Fitness & Probity regime and as such the role holder will require regulatory pre-approval.

Job Family Group:
Compliance
Job Family:
AML Core
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.

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