The Sanctions, Governance and Exam Management Officer is an intermediate level role responsible for recommending / establishing internal procedures to prevent money laundering and terrorism financing and assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team.
The overall objective is to utilize established disciplinary knowledge to identify inconsistencies in data or result and formulate strategic recommendations on policies, procedures, and practices.
Responsibilities : Sanctions
Oversee and coordinate Sanctions, compliance requirement and information updates / expert advice and feedback to the business.
Enforces the Global Sanctions Policy and associated procedures for Citi Malaysia
Provides sanctions compliance advice, including with respect to potential issues, Sanctioned Designated National (SDN) matches, products / services, as well as sanctions risk with respect to transactions and customers / relationships
Assists in the review and documentation of policies and guidance to address changes in regulatory requirements and expectations
Coordinates and oversees Sanctions Compliance escalations from the Malaysia businesses / hubs
Coordinates investigations and information / document gathering efforts for sanctions-related investigations
Works with Regional & Global Compliance teams in connection with investigation-related and other communications with local sanctions authorities and Office of Foreign Assets Control (OFAC), as appropriate
Reviews and escalates significant sanctions issues and activities to senior business and Compliance staff in the region, as well as Global Sanctions Compliance seniors
Advises on new products and services for sanctions risk, in coordination with the respective regional product and operations teams
Understands and monitors legal and regulatory developments through various methods to provide up-to-date knowledge and expertise on the environment relevant to sanctions compliance
Liaises with local regulators and Internal Audit / Compliance Testing staff for sanctions matters, as appropriate
Develops and conducts sanctions training in coordination with sanctions corporate training
Governance & Exam Management
Prepare Governance Decks for AML & Sanctions Governance & Business Risk Committee, Board of Directors Update and other governance meetings
Perform review on name screening escalation to Compliance, and provide advisory to business related to this process
Quarterly Screening List Management attestations
Exam Management for any Internal or External audits to ensure all the deliverables are provided to the respective reviewers
Leading any other technology initiatives impacting AML. Transaction Monitoring projects, attending to Issue Management & Resolution (IMR) impacting the country, participating in optimization, segmentation and other monitoring related initiatives
Provide guidance and coaching to new and junior staff
Implement and / or provide oversight of Manager’s Control Assessment at country level.
Lead ad-hoc projects and provide appropriate guidance to members of the project teams.
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 Quality Assurance reviews of case files, case tracking logs and various AML processes.
Qualifications / Experience :
Strong knowledge of sanctions principles and associated laws and regulations
Familiarity with sanctions risks and typologies to identify products, services and business activities that may pose increased sanctions risk
Laws and regulations applicable to money laundering in Malaysia (AMLATFA). Knowledge of the Bank Secrecy Act (BSA), the USA Patriot Act, will be an added advantage
Understanding on the various AML / CFT guidelines issued by Bank Negara Malaysia, Labuan FSA & Securities Commission.
The Recommendations of the Financial Action Task Force on Money Laundering (FATF), including recent FATF Annual Reports.
Experience in Exam management will be a plus.
Graduate Degree from a recognized university (Accountancy, Banking, Business, Economics or Law) or relevant professional qualification in financial services or audit.
Post Graduate Degree is a plus.
Familiar with AML typologies and risks associated with banking.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.