AML Investigator - CPB Financial Investigation Unit

Recruiter
Citigroup, Inc.
Location
Hong Kong
Salary
Competitive
Posted
05 Feb 2018
Closes
08 Feb 2018
Ref
2669622
Sector
Legal
Contract type
Permanent
Hours
Full time
  • Primary Location: Hong Kong SAR of PRC,Hong Kong,Hong Kong
  • Education: Bachelor's Degree
  • Job Function: Compliance and Control
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18002006


Description

Role and Responsibilities:
  • Support Citi Private Bank (CPB) in conducting AML investigations and review investigative work in relation to high risk customers
  • Perform compliance reviews (on-boarding and maintenance) in conjunction with countries / regions, particularly in relation to high risk customers
  • Implement and/or provide oversight of Manager's Control Assessment at regional and/or country level(s)
  • Lead ad hoc projects and provide appropriate guidance to members of the project teams
  • Oversee the Country FIU governance covering the relevant policies and procedures, governance and management issues, risk assessment, and metrics analysis, trainings, roles and responsibilities, staffing and talents, and relevant exam management items
  • Escalate potentially significant issues to the APAC FIU Head
  • Responsible for the appropriate collection and analysis of documents to assist in identifying unusual transaction patterns
  • Conduct research via available Bank systems and commercial databases, as well as the internet
  • Interface with relevant units and the business in regards to compliance reviews, investigations, as well as other ad hoc projects
  • Document review findings, ensure awareness of conclusions and prepare a report of findings for Compliance and Business Management
  • Draft and submit STRs, work with business on relationship retention or termination, and track recommendations and account closures, as required
  • Responsible for communicating with senior managers, members of the Business and other Citigroup AML monitoring units to ensure findings are incorporated in all aspects of the AML control program
  • Conduct QA reviews of case files, case tracking logs and various AML processes
The candidate must possess:
  • Direct investigation experience, either with the police, regulator, business intelligence company, banks or other financial institutions
  • Excellent organizational, time management and project management skills
  • Excellent interpersonal skills and the ability to interface and partner with Citi businesses across APAC countries subject to the FIU's oversight
  • Strong management skills
  • Strong negotiation, analytical and organizational skills
  • The ability to work effectively, under pressure, in a rapidly changing environment, as well as autonomously and as an effective member of a dynamic team
  • Effective communication skills, both written and oral, particularly in the context of delivering clear and concise recommendations and feedback
  • Ability to manage challenge in the workplace
  • Strong analytic skills and a good understanding of conducting funds tracing and transaction analysis using Excel


Qualifications

Ideal Candidates must be familiar with the following materials:
  • Laws and regulations applicable to money laundering in Asia Pacific's countries / territories, as well as the Bank Secrecy Act (BSA), the USA Patriot Act, OFAC, FinCEN requirements and Suspicious Activity Report (SAR) requirements and guidelines
  • The recommendations of the Financial Action Task Force on Money Laundering (FATF) including recent FATF Annual Reports
Qualifications / Experience:
  • Graduate degree from a recognized university (Accountancy, Banking, Business, Economics or Law) or relevant professional qualification in financial services or audit
  • Holds or is working towards specific AML Compliance related qualifications (e.g. ICA Diploma / Adv Cert, ACAMS, etc.)
  • Post graduate degree is a plus
  • Minimum of five (5) years experience in:
    • Conducting AML investigations including undertaking customer transaction reviews and open source research with the aim of identifying potentially suspicious activity
    • Conducting Know Your Customer (KYC) related tasks, particularly on high risk customers
    • Preparing / reviewing and/or filing Suspicious Transaction Reports (STRs)

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