Financial Crimes Risk - Digital Assets, Citi

Citi

Location:

United Kingdom, London

Category:

Finance

Contract Type:

Employment contract

Salary:

Not provided

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Job Description:

The Financial Crimes Risk team is part of the first line Risk & Controls function and is responsible for ensuring proactive, effective, and sustainable financial crimes risk management within the Services business. The role focuses heavily on managing and mitigating financial crime risks, with a particular emphasis on digital assets and VASPs.

Job Responsibility:

Understand business-owned products, services, as well as corresponding financial crimes-related controls, and processes (e.g., customer, relationship, and transactional screening)
Provide financial crimes compliance/risk management subject matter expertise to the Services businesses to ensure the design and implementation of a coherent and effective control environment
Assess existing control framework, identify potential compliance gaps
Drive execution ensuring compliance with applicable laws, rules, and regulations, as well as effectiveness of the control environment
Ensure adequate mapping of risk and processes and clear control ownership
Create & maintain a robust partnership with the business heads, operations, technology and the second line of defense
Escalate, assist management and reporting of control issues
Drive a consistent and holistic approach to Financial Crimes risk management across Services
Ensure early engagement on new business initiatives to ensure timely support of commercial priorities and full adherence to global and regional risk management policies and procedures
Conduct reviews of financial crimes processes and procedures to ensure that both controls and processes are in keeping with policy and business expectations
Assure that controls have been implemented consistently, with appropriate supporting documentation
Maintain current knowledge and understanding of product innovation, client needs and of changing regulatory requirements to continuously assess impact and changes needed to existing control environment
Serve as an escalation point for issues or emerging from Services Operations, and Technology
Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans
Prepare and provide regular updates to senior management and various governance committees on control issues and/or enhancements
Work with other Financial Crime Risk teams to ensure a consistent holistic approach to financial crimes risk management
Ensure robust and adequate reporting to senior management
Help identify opportunities for streamlining processes and implement efficiencies that will lead to enhanced client experience
Support the timely response to regulatory inquiries.

Requirements:

Experience in financial crime compliance or risk management
Financial Crime certification preferred (ACAMS, ACSS etc.)
Strong professional experience in Financial Services, in AML/Sanctions Compliance or Business/Product Operations and/or Risk & Controls with focus on Financial Crimes Risks of Digital Assets
Knowledge and understanding of blockchain technology and digital assets (i.e. stablecoins, cryptocurrencies) and related financial crime risks
Understanding of Global Crypto Regulations and VASP Licensing & Compliance requirements
Excellent interpersonal skills
Able to work independently and deliver according to strict timelines and quality standards
Demonstrated ability and confidence to challenge business management, escalate issues and press for change
Good oral and written communications skills
must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders
Able to drive change to business practices by working effectively across a global organization
Self-starting with the ability to multitask and prioritize
Proven people and team management skills
Project management and change capabilities are essential
Capable of prioritizing and multi-tasking in a dynamic, fast paced environment
Demonstrated analytical skills with follow-up and problem-solving capability
Ability to analyze a process and recommend ways to improve quality, controls, and efficiency.

Nice to have:

Financial Crime certification preferred (ACAMS, ACSS etc.)
Knowledge and understanding of blockchain technology and digital assets (i.e. stablecoins, cryptocurrencies) and related financial crime risks
Understanding of Global Crypto Regulations and VASP Licensing & Compliance requirements
Demonstrated analytical skills with follow-up and problem-solving capability.

What we offer:

Generous holiday allowance starting at 27 days plus bank holidays
increasing with tenure
A discretional annual performance related bonus
Private medical insurance packages to suit your personal circumstances
Employee Assistance Program
Pension Plan
Paid Parental Leave
Special discounts for employees, family, and friends
Access to an array of learning and development resources.

Additional Information:

Job Posted:

March 22, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Financial Crimes Risk - Digital Assets