Operations Manager Anti Money Laundering
- Recruiter
- Citi Australia
- Location
- Sydney, Sydney
- Salary
- Competitive
- Posted
- 07 Jul 2018
- Closes
- 10 Jul 2018
- Job role
- Accountant
- Sector
- Accounting - Public practice
- Experience level
- Manager
Primary Location: Australia,New South Wales,Sydney
Education: High School Diploma/GED
Job Function: Compliance and Control
Schedule: Full-time
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 17045711
Description
Citi is more than a global financial services company. It is an engine for progress. Join us, and you will have the chance to get involved in progress in all its shapes and forms, right across the world. From the micro to the macro, from Australia to Zambia, the work we do has real positive impact. Wherever you are and whatever you do, progress starts here.
We have built a world famous, trusted brand over 200 years of continuously evolving financial services. Today, our influence continues to grow: with financial operations in 160 countries and 100 currencies. We have 200 million different clients, including some of the biggest names in the industries, sectors, businesses and governments that we serve every day. It all adds up to an exciting place to be for talented, ambitious people who want to build a truly remarkable career.
This role will provide strong operational leadership support to 3 team leaders (and their respective teams) across 2 locations (Sydney CBD & Rhodes).
Managing Anti-Money Laundering (AML) risk has been identified as a critical franchise goal for Citigroup. In order to manage this risk effectively a centralised Business Support Unit has been formed to deliver AML related processes with excellence. This department is a critical component of Citigroup's control framework.
The Operations Manager role will provide management of Citi Australia's ongoing due diligence and regulatory reporting obligations. The tasks will include Transaction Monitoring, Sanctions, Regulatory reporting and tasks as directed by the Head of AML Operations. The team will deliver quality, efficiency, customer sensitivity and provide maximum risk protection to the Bank.
The role will be a senior staff member reporting to the Head of AML Operations.
The position is responsible for 2 key functions across the business unit:
Leadership support to the team, providing an escalation point, removal of roadblocks and developing a high performing team
Control end-to-end processes, including, robustness of implementation of processes and initiatives including regulatory changes; working closely with the the business in identifying, tracking and managing detailed corrective action plans; deep dive investigations and reviews; timely and effective escalation and communication of issues, and working closely with the Level 2 AML Compliance, Legal and Operational Risk Management functions.
Key skills and experiences required:
Strong Operational leadership relevant business experience in the Consumer and Commercial Banking industry and experience within a medium/large financial organization, including knowledge of banking products and different types of transactions and client-facing procedures
An understanding and working experience with globally applicable (e.g., USA PATRIOT Act) and local AML/KYC regulations, associated risks of non compliance and changing dynamics, including knowledge of KYC processes throughout the client lifecycle is an advantage
Experience with regulatory compliance, AML transaction/risk monitoring tools and experience solving AML related issues would be an advantage
Proven experience with operational or AML leadership responsibilities in a fast-paced, cross-cultural/functional team operations environment with heavy work loads
Understands impacts of new system implementation on workflow as well as the controls and risks points. Is a proficient Microsoft Office user (i.e. Excel, Power Point)
Good analytical and problem solving skills - ability to analyze reports, develop test strategies, document test scenarios, and support the development of metrics and KPIs
Ability to effectively execute responsibilities with a dual emphasis on AML risk mitigation and client focus
Qualifications
Tertiary education in related field preferred however not essential
When you work at Citi, you'll be working for an organisation that truly has a global footprint and a powerful network that spans the globe. We celebrate individual ingenuity and leverage the diversity of our people in order to drive high performance. Through dedicated support, training and resources, we promote our talent and future leaders to bring about lasting and positive impact. Citi continues to be an Employer of Choice for Women and supports a flexible work environment.
Personal information (as defined in the Privacy Act 1988) will be handled in accordance with our Privacy Policy. Please see www.citi.com.au/privacy
Education: High School Diploma/GED
Job Function: Compliance and Control
Schedule: Full-time
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 17045711
Description
Citi is more than a global financial services company. It is an engine for progress. Join us, and you will have the chance to get involved in progress in all its shapes and forms, right across the world. From the micro to the macro, from Australia to Zambia, the work we do has real positive impact. Wherever you are and whatever you do, progress starts here.
We have built a world famous, trusted brand over 200 years of continuously evolving financial services. Today, our influence continues to grow: with financial operations in 160 countries and 100 currencies. We have 200 million different clients, including some of the biggest names in the industries, sectors, businesses and governments that we serve every day. It all adds up to an exciting place to be for talented, ambitious people who want to build a truly remarkable career.
This role will provide strong operational leadership support to 3 team leaders (and their respective teams) across 2 locations (Sydney CBD & Rhodes).
Managing Anti-Money Laundering (AML) risk has been identified as a critical franchise goal for Citigroup. In order to manage this risk effectively a centralised Business Support Unit has been formed to deliver AML related processes with excellence. This department is a critical component of Citigroup's control framework.
The Operations Manager role will provide management of Citi Australia's ongoing due diligence and regulatory reporting obligations. The tasks will include Transaction Monitoring, Sanctions, Regulatory reporting and tasks as directed by the Head of AML Operations. The team will deliver quality, efficiency, customer sensitivity and provide maximum risk protection to the Bank.
The role will be a senior staff member reporting to the Head of AML Operations.
The position is responsible for 2 key functions across the business unit:
Leadership support to the team, providing an escalation point, removal of roadblocks and developing a high performing team
Control end-to-end processes, including, robustness of implementation of processes and initiatives including regulatory changes; working closely with the the business in identifying, tracking and managing detailed corrective action plans; deep dive investigations and reviews; timely and effective escalation and communication of issues, and working closely with the Level 2 AML Compliance, Legal and Operational Risk Management functions.
Key skills and experiences required:
Strong Operational leadership relevant business experience in the Consumer and Commercial Banking industry and experience within a medium/large financial organization, including knowledge of banking products and different types of transactions and client-facing procedures
An understanding and working experience with globally applicable (e.g., USA PATRIOT Act) and local AML/KYC regulations, associated risks of non compliance and changing dynamics, including knowledge of KYC processes throughout the client lifecycle is an advantage
Experience with regulatory compliance, AML transaction/risk monitoring tools and experience solving AML related issues would be an advantage
Proven experience with operational or AML leadership responsibilities in a fast-paced, cross-cultural/functional team operations environment with heavy work loads
Understands impacts of new system implementation on workflow as well as the controls and risks points. Is a proficient Microsoft Office user (i.e. Excel, Power Point)
Good analytical and problem solving skills - ability to analyze reports, develop test strategies, document test scenarios, and support the development of metrics and KPIs
Ability to effectively execute responsibilities with a dual emphasis on AML risk mitigation and client focus
Qualifications
Tertiary education in related field preferred however not essential
When you work at Citi, you'll be working for an organisation that truly has a global footprint and a powerful network that spans the globe. We celebrate individual ingenuity and leverage the diversity of our people in order to drive high performance. Through dedicated support, training and resources, we promote our talent and future leaders to bring about lasting and positive impact. Citi continues to be an Employer of Choice for Women and supports a flexible work environment.
Personal information (as defined in the Privacy Act 1988) will be handled in accordance with our Privacy Policy. Please see www.citi.com.au/privacy