"http://schema.org/BlogPosting" readability="55.6473058083">
Citibank Nigeria Limited, the leading global financial services
company, provides consumers, corporations, governments and
institutions with a broad range of financial products and
services.
Citibank Nigeria is recruiting to fill the vacant position of:
Job Title: Anti Money Laundering Compliance Officer
(AMLCO)
Ref. No.: 15017130
Location: Lagos
Job Background/Context
Citi has launched various initiatives to further strengthen the
culture of Compliance and AML across all lines of business and
jurisdictions in which it operates.
Routine activities as well as new initiatives create a
significant body of work requiring close coordination and
integration between Compliance and all the key stakeholders in
the Business and support functions.
Providing prompt and effective compliance guidance on
regulatory and policy matters to the business units to ensure
regulatory and reputational sound deals, thus assisting the
business to meet revenue target and minimize regulatory
penalties.
Job Purpose
- A key individual responsible for developing and maintaining
a robust AML control environment in the franchise,
coordinating, monitoring and advising on compliance with
business, global, regional, and local AML policies, procedures,
and requirements.
- Being an AMLCO requires one to exercise sound judgment,
strong influencing skills, technical expertise and leadership
in fulfilling these responsibilities.
- This role will also entail general compliance
responsibilities including but not limited to ensuring that
Citibank Nigeria Limited is in compliance with Sanctions and
Anti-Bribery & Corruption standards and related
regulations.
- Act as backup to CCCO.
Key Responsibilities
- Assess the impact of key regulatory developments, sanctions
and industry best practices on current
policies/standards/procedures, ensuring that any necessary
changes are properly implemented within the Business.
- Escalate and report AML/other relevant compliance issues to
Governance Committees and ensure that Senior Management is
fully informed of significant compliance issues as well as the
plans for resolution.
- Provide expert advice to the business on the organization’s
AML specific requirements as well as legal or regulatory
requirements
- Ensure awareness of money laundering trends and typologies
by proactively referring to relevant industry publications
- Thoroughly review and provide guidance on customer KYC/due
diligence records and ensure adequate enhanced due diligence is
performed on targeted high-risk customers.
- Undertake AML related investigations arising from internal
monitoring as well as ad hoc referrals
- Contribute to a “no surprise” compliance culture by
developing and delivering face-to-face, tailored compliance
training programmes to new hires, transfers and existing staff.
- Ensure all Compliance reviews/reports (daily, weekly,
monthly, quarterly, semi-annual and annual) are being performed
timely, are adequate and appropriately documented.
- Raise the visibility of AML compliance by specifically
improving the compliance risk assessment and compliance testing
standards
- Instigate and manage ad hoc projects as required
- Report suspicious activity to the relevant authorities in a
timely manner
- Liaise with local Regulators, Law Enforcement and other
Governmental Bodies and ensure good relationships with the
same.
- Develop and deliver tailored training programs for the
business & support divisions
- Respond to Sanctions, Anti-Bribery & Corruption and
other relevant escalations and investigations.
- Attend and where necessary, lead AML related customer
interactions.
- Liaison with the Internal Auditors on AML Compliance
matters.
- Develop, review policies & procedures relating to all
aspects of Anti-Money Laundering and Counter Terrorist Finance,
Sanctions and Anti-Bribery & Corruption activity.
- Work closely with the Business (Corporate and Investment
Banking, Treasury & Trade Solutions and Markets) and other
key stakeholders such as Operations & Technology to
identify and mitigate the risks associated with existing and
new business with emphasis on higher risk customers and
transactions.
Development Value:
- Opportunity to work in AML Compliance at one of the most
diverse global banking groups in the world.
- Exposure to international banking products, operations and
regulatory practices.
- Visibility and accountability to Senior Management.
Qualifications
Knowledge/Experience:
- Minimum of 10 years post-qualification experience out of
which, at least, 7 must have been in a Compliance/Control
environment
- In depth knowledge of relevant key regulations and industry
guidance
- Good understanding of corporate banking, investment banking
and capital markets products
- Experience related to financial investigations; AML, fraud
or counter terrorism
Educational
- University Degree in Finance, Accounting, Economics or
Degree in other disciplines
- Audit experience will be an added advantage
- Operations, Control, risk related experience, though not
compulsory, will be an added advantage
- Fluent in English (written and spoken)
Skills:
- Strong interpersonal skills
- Significant attention to detail
- Ability to work individually and in teams on all aspects of
AML and Compliance
- Ability to communicate with and present to all levels of
staff particularly Senior Management
- Proficiency in Microsoft Office applications
- Ability to embrace new technologies
- Strategic and goal-oriented thinker
- Commitment to a co-operative and collaborative working
environment, requiring an innovative approach to meeting
sometimes challenging demands
How to Apply
Interested and qualified candidates should:
"https://citi.taleo.net/careersection/2/jobdetail.ftl?job=15017130&lang=en"
rel="nofollow" target="_blank">Click here to apply
online