What are the responsibilities and job description for the RSP Head of AML & Sanctions Regulatory Policy position at Citibank?

Financial regulation is continually evolving and comprehensively shapes the financial services landscape. The Regulatory Strategy & Policy (RSP) Team is charged with analyzing financial regulatory initiatives and proposed policies and standards set by global regulators, including through the assessment of their potential impact on the economy, our clients and the bank’s operations. The team coordinates and drives Citi’s regulatory policy advocacy efforts across regulatory bodies and trade organizations, strategically connecting and integrating Citi’s overall regulatory strategy and engagement, as well as advising senior management on consequential Anti-Money Laundering (AML), Know Your Customer (KYC) and sanctions-related regulatory policy developments.

The RSP Head of AML & Sanctions Regulatory Policy will be a part of Citi’s Regulatory Strategy & Policy team and report directly to Citi’s Global Head of Regulatory Strategy & Policy.

This position involves partnering with leaders across Citi’s businesses, functions, and geographies, in particular Legal, Independent Compliance and Risk Management (ICRM), Risk, Finance, Government Affairs and Citi's business units, to formulate and advocate for Citi’s interests regarding current and forthcoming AML, KYC, and sanctions-related regulatory policies. The role will lead the coordination of Citi’s efforts to promote sound regulation, directly communicating with the relevant regulators in the United States, while working closely with international team members to engage with global standard-setting bodies. The RSP Head of AML & Sanctions Regulatory Policy will also work closely with Citi’s Government Affairs, and Citi’s AML and Sanctions leads within the ICRM, Legal, and Regulatory Engagement teams to coordinate Citi-specific legislative and supervisory interactions.

Key Responsibilities :

Engage in the analysis of key AML and sanctions-related policy issues and proposals affecting Citi’s five businesses with internal subject matter experts through various AML and sanctions regulatory strategy advocacy forums.
Foster and maintain a robust, ongoing dialogue around the evolving AML and sanctions landscape both internally and externally :

Develop and maintain deep knowledge of AML, KYC and sanctions-related regulatory policies and environments; establish and maintain an effective network with policymakers at the U.S. Department of the Treasury, OFAC, OFSI, Federal Reserve Board, FDIC, OCC, and other relevant global regulators, as well as a leading presence within relevant trade associations.

Raise awareness among executives within Citi about regulatory policy developments in AML, KYC and sanctions.

Partner with Citi senior leaders to understand and integrate Citi’s positions on the strategic and practical implications of current and forthcoming AML and sanctions regulatory policies and their potential impact.

Coordinate with Citi’s Government Affairs, Legal, Compliance, and Regulatory Engagement teams on AML, KYC and sanctions regulatory policy priorities and changes.

Partner with the Global Head of Regulatory Strategy & Policy to drive Citi’s advocacy efforts across the set of reform areas, interacting with regulators, trade organizations and other key stakeholders.

Convey Citi’s AML and sanctions regulatory priorities and advocacy approaches to clients as requested.

Qualifications :

15 or more years of substantial, broad, and deep experience in related regulatory policy or relations roles, or in a role requiring deep regulatory understanding through a government agency such as U.S. Treasury, OFAC, FinCEN, HMT, and OFSI.

Specific subject matter expertise regarding AML, KYC and financial sanctions regulatory requirements and a strong business understanding of the products and services Citi offers.

Broad and deep understanding of relevant banking regulatory as well as AML, KYC and sanctions requirements for global systematically important banks.

Superior oral and written communication skills, with a particular ability to assess and contribute to the content of large bank regulatory proposals.

Strong interpersonal skills for interacting with all levels within and outside of the organization, including Citi senior management and key external stakeholders. Effective advocacy skills and a proactive and 'no surprises' approach in communicating issues / requests to key stakeholders.

Job Family Group : Project and Program Management

Job Family : Program Management

Time Type : Full time

Primary Location : Washington District Of Columbia United States

Primary Location Full Time Salary Range : $250,000.00 - $500,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including : medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date : Feb 03, 2025

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and / or apply for a career opportunity review Accessibility at Citi

View the " EEO is the Law " poster. View the EEO is the Law Supplement

View the EEO Policy Statement

View the Pay Transparency Posting

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Salary : $250,000 - $500,000

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