Primary Location: Australia,New South Wales,Sydney
Education: Bachelor's Degree
Job Function: Compliance and Control
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18001271
Citi is more than a global financial services company. It's an engine for progress. Join us, and you'll 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've built a world famous, trusted brand over 200 years of continuously evolving financial services. And 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. Our AML Compliance team is responsible for ensuring that Australia effectively and efficiently meets its AML/CTF suspicious matter reporting obligations. This role; part of the Financial Intelligence unit (FIU) team, involves conducting AML Investigations to determine if there is evidence of money laundering activity based on the Citi AML Compliance policies and procedures. The role will evaluate transactions and customer relationships based on established protocol identifying issues, making recommendations and where appropriate, escalating for further actions or investigation. Key accountabilities include:
Conducting Anti-Money-Laundering (AML) Investigations; performing research taking into account various AML risk factors and indicators to determine if a Suspicious Matter Report (SMR) requires completion. At the completion of the investigations, the officer is responsible for making recommendations to the Team leader on whether to lodge an SMR or not based on sound judgment, with supporting evidence and / or logical rationale for the recommendation.
Evaluates transactions and customer relationships for money laundering activities, identifies red flag issues and escalates within the AML framework for further consideration.
Maintains familiarity with appropriate investigation techniques to support AML activities, including research utilizing bank systems, intranet, internet and external vendor solutions as appropriate
Maintains external awareness of research trends, information, and techniques related to money laundering.
Escalates complex or significant issues to more senior compliance employees
Contribute to the maintenance of the Investigations and procedure manuals, ensuring that both Group and Regional policies are adequately incorporated in addition to regulatory requirements
Determine the appropriate strategy to resolve escalated investigations and interface with the branch, business, or utility (CSIS, Legal) as necessary to gather relevant information to resolve the investigation.
Provide sound dispositions of Level 2 Sanctions and name screening alerts
Champion corrective actions for any AML Investigation or KYC Investigation related breakages or process issues.
Assists with self-assessment monitoring as required.
Assist with preparation of FIU related metrics/reporting as required
Contribute to various AML related projects as an AML Investigation / KYC Investigation and SMR Regulatory Reporting subject matter expert as required.
Key skills and experience required:
Minimum three years financial services or relevant experience
Experience in investigations/ ML/TF risk reviews.
Understanding of Australian AML/CTF laws, rules and regulations including sanctions regimes.
Strong analytical skills
PC Skills - Word, Excel, Powerpoint and Outlook
Language - Strong written and verbal skills
Strong practical experience in banking
Payment systems and industry practice knowledge, especially in regards to the interaction with AML Transaction Monitoring and Regulatory Reporting
Personal drive to achieve required outcomes within specified timeframes
Tertiary or additional relevant qualification an advantage
When you work at Citi, you'll be working for an organization 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.