Details: Office Location / Address: Regular Education Level: NAM-USA-NY-New York Shift: Full-time Employee Status: Bachelor's Degree Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com. Citi's Compliance Analytics and Assessments team is part of the Citi's Compliance Architecture group. The team provides compliance risk support for the compliance advisory group, which includes data analysis, AML metrics, research, and compliance planning and risk assessment.In support of the product assessment process, this analyst role will focus on Quality Assurance for the AML New Product Assessment process, while also handling analytical roles. The candidate should have some understanding of financial products, services and delivery channels, and AML. Product areas the position will focus on include:• Institutional Banking• Retail Banking• Mortgages • Credit CardsRepresentative responsibilities include:• tracking the results of quality assurance reviews and remedial action(s) in a database• providing regular and constructive feedback concerning analyst work performance to the management team, for control and quality purposes• assisting to develop and report Quality Assurance review results via metrics, and provide to management and other designated personnel• assisting in the creation of dashboards for periodic reporting on key risk, performance and compliance indicators• mining data from a variety of sources to perform new product analysis and assessmentsResponsibilities in response to the consent order include:• assessments which consider the quantity of BSA/AML and OFAC risk of the new product or service as well as the quality of risk management.• reviews which assess the ability of the Bank's compliance program to manage the risk such as: the anticipated growth in both the business and the compliance function, and the ability of alert investigators' to manage any anticipated increase in alert volume as a result of the new business.
Showing posts with label Assessment. Show all posts
Showing posts with label Assessment. Show all posts
Sunday, 8 July 2012
Quality Assurance Methodology- Annual Planning/ Risk Assessment-
Details: Office Location / Address: Education Level: Bachelor's Degree Shift: Day Job Employee Status: Regular Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com. •QA partner with CA for GCG, ICG, COE Chief Auditor, Chief Audit Executives, Heads of Audit and their direct reports.•Working with the Chief Auditor Strategy, QA, Methodology and Communications to carry out independent QA reviews - particularly the Annual Audit Plan (quality, governance, framework, auditable entities, quality of risks assessments)•Coordinate Consumer audit coverage and audit efforts, working closely with Asia Pac and LATAM QA Directors.•Lead Quarterly Annual Planning and Audit Planning working groups for Citi's Internal Audit.•Transform and drive IA to link Business monitoring results to the Quarterly refresh process.•QA of Risk Assessment updates on a quarterly basis are driven from information gathered through business monitoring - this would involve checking and challenging documentation and rationale for risk assessments, scores and ultimately the Audit Needs.•Working closely with Operations to ensure quality Annual Audit plan is prepared.•Working closely with the QA colleagues to check and challenge audit universe, and auditable entities.•Transparent audit universe and entities transformation via audit committee reporting, transformation presentation. Share industry best practice, common pitfalls with teams globally.•Working with the QA team to develop a methodology to provide a valued interactive program of support and assurance to subsidiary boards and audit committees, as appropriate, on issues, trends, root causes and impacts to the respective business activities and the group.•Working with the QA team to develop a methodology to provide a valued interactive program of support and assurance to senior management on issues, trends, root causes and impacts to the respective business activities and the group.•Working with the QA team to develop a methodology to provide a valued interactive program of support and assurance in accordance with requirements and appropriate expectations to regulators and supervisors on issues, trends, root causes and impacts relating to governance, risk management and internal control issues.•Working closely with Operations (MI), develop an approach, methodology and tool kits including reporting formats for managing the plan, budget, management information and headcount.
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