AML/KYC Ops Control Support Sr. Analyst, AVP

The AML/KYC Ops Control Support Sr. Analyst at Citi is responsible for overseeing AML monitoring, managing KYC programs, and ensuring compliance with regulatory requirements. Main tasks include reviewing submissions from junior analysts, conducting quality assessments of processes, and reporting to various stakeholders. The role also involves project management duties such as risk analysis and providing updates to senior management on project status.

Candidates for the AML/KYC Ops Control Support Sr. Analyst position at Citi should possess a Bachelor’s degree and have 5-8 years of relevant experience in AML and KYC operations. Familiarity with regulatory compliance and reporting, as well as project management skills, are crucial for success in this role.

Citi emphasizes the importance of compliance in the AML/KYC Ops Control Support Sr. Analyst role through strict adherence to laws and regulations. The role requires candidates to exercise sound ethical judgment, assess risks, and escalate any issues transparently to uphold the firm's reputation and safeguard its assets.

As an AML/KYC Ops Control Support Sr. Analyst at Citi, you can expect a collaborative and dynamic work environment. You'll be interacting with various teams and stakeholders across different regions while independently managing your workload. The position allows for autonomy and encourages you to take the lead in compliance initiatives.

Citi is committed to employee growth and development, offering extensive training and professional development opportunities for AML/KYC Ops Control Support Sr. Analysts. Employees can participate in workshops, access mentorship programs, and make use of resources to enhance their skills and advance their careers in compliance and operations.

KYC, or Know Your Customer, is a process used by financial institutions to verify the identity of their clients to prevent fraud and comply with regulatory requirements. It’s important because it helps maintain the integrity of the financial system and guards against money laundering and other illicit activities.

I typically start by ensuring that all submitted documents are complete and meet regulatory standards. I perform a thorough assessment of the information provided and cross-reference it with internal databases to identify any discrepancies or potential risk factors.

I make it a priority to regularly review updates from regulatory bodies, subscribe to relevant industry newsletters, and participate in training seminars that focus on AML compliance. Networking with professionals in the field also helps me stay informed.

In my previous role, I noticed discrepancies in KYC documentation that raised red flags. I promptly escalated the issue to senior management, conducted a thorough investigation, and worked with the team to ensure all proper protocols were followed to rectify the situation.

In high-pressure situations, I prioritize tasks based on urgency and importance, maintaining clear communication with my team. I also make it a point to take a step back, assess the situation, and approach problem-solving methodically.

I have experience using various compliance software and databases such as Actimize and Oracle Financial Services. Additionally, I am skilled in Microsoft Excel for managing data and generating reports efficiently.

To ensure quality in my review process, I utilize checklists based on regulatory requirements and company policy. I also conduct peer reviews and welcome feedback to continuously improve my approach.

I led a project aimed at streamlining the KYC documentation process, which involved collaborating with various teams to identify bottlenecks. Through careful planning and execution, we reduced review times by 30%, significantly enhancing efficiency.

Communication skills are crucial in the AML/KYC Ops Control Support role, as the job entails conveying complex compliance requirements to diverse stakeholders. Effective communication fosters collaboration and ensures everyone is on the same page regarding regulatory expectations.

I assess risks by evaluating the information and documents related to KYC submissions, looking for irregularities or trends that may indicate potential issues. I manage risks by documenting findings and implementing appropriate procedures or escalations, ensuring all decisions reflect our commitment to compliance.