Primary Location: Malaysia,Wilayah Persekutuan,Kuala Lumpur
Education: Bachelor's Degree
Job Function: Compliance and Control
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18049071
Anti-Money Laundering (AML) provides support and strengthens Citigroup's efforts to assist in the global battle against money laundering. In addition, AML assists Citigroup businesses to design and maintain effective, state-of-the-art anti-money laundering programs through the development of consistent and coherent policies, the use of technology to monitor transactions, and up-to-date training. AML works in partnership with government agencies and inter-governmental bodies with anti-money laundering responsibilities and with members of the financial services industry to prevent money laundering. In summary, the mission is to have the best anti-money laundering program of any financial institution in the world. Citi's AML Global Investigations Task Force (hereinafter referred to as "GITF") is a project based internal service provider with the mission of performing case reviews and investigations in support of the below but not limited to; Sub Stages 4.4 (Plan Remediation) and 4.5 (Case Investigation) of the Historical Remediation Execution stage under AML's Issue Management & Resolution (IMR) process;
Projects driven by Scenario Management & Validation such as Below the Line Testing, Random Client Analysis and Initial Threshold Setting and
Regional M & I FIU Hubs if the need arises due to case volumes exceeding existing capacity within the sites allowing it to maintain a stable service level agreement and mitigate operational risk
Back-testing of cases auto closed by the system.
In the execution of GITF's remit it will provide oversight of process execution and continued quality assurance of case review to ensure global consistency and control in accordance with AML case investigation standards; satisfying Regulatory, Citi AML or other Compliance requirements as they relate to IMR and SM&V related case investigation
Responsibilities include (but not limited to):
Analyzing alerts and investigating transactional activities to detect any suspicions of money laundering or terrorist financing activity.
Reporting unusual client activities which might relate to money laundering or terrorist financing.
Operating within agreed timelines and confidentiality standards.
Accurately gather, maintain and utilize data in various product databases for future reference.
Conduct searches on gathered data for anomalous activity by utilizing the Internet, in-house and commercial databases, inquiries, bank inquiries, and contact with other investigative entities and Compliance Officers
Conduct enhanced due diligence investigations using global standard policies, procedures and tools, aimed at meeting internal and external regulatory requirements.
Accumulate facts from the investigations to be utilized in presentation to Senior Management and Compliance.
Create and maintain cases write-ups.
Apply/adapt changes obtained from training and the implication of any imposed sanction(s) or laws/regulation(s) to the task at hand.
Collecting and evaluating the information and preparing clear, well-written comprehensive reports.
A person in this role has a passion for uncovering the truth and exposing potential criminal activities. He/she has a genuine interest in the news and current affairs with the ability of cross referencing them during investigations. He/she is methodical, analytical, open minded and have the desire to thoroughly and accurately research, extract, compile and connect information from various sources. Additional requirements:
Proficiency in Windows & Windows-based applications (Word, Excel & PowerPoint).
Proficiency in database manipulation.
Proficiency in Internet & commercial database searches to aid in gathering facts for investigations.
6 Months of research/analysis experience preferred.
Follows policy & work instructions.
Ability to organize raw data and resources available into an analytical investigative tool -banking product/service knowledge.
Ability to identify process improvements.
Excellent written communication skills (Mandarin skills will be an advantage)
Must be able to coordinate and deal with conflicting time demands