The Business and Product Anti Money Laundering Specialist is a C12 position responsible for analyzing, advising, recommending and establishing internal procedures to prevent money laundering in regards to different schemes specially associated with riskier topics as payment intermediaries, digital assets, crypto currencies, cannabis industry and financial crimes compliance emerging technologies. The overall objective is to utilize established disciplinary knowledge and experience to assist in all matters concerning financial crimes in coordination with the broader Anti-Money Laundering (AML) team to identify money laundering risks related to new business and schemes, provide advice to prevent risks and formulate strategic recommendations on policies, procedures, and practices. This role will serve as a partner with ICRM teams, business partners and technology to design, develop, build, and implement the structure, strategies, tactics, and action plans to meet policy and regulatory requirements, consistent with Citi’s risk appetite. Principal Responsibilities: - Provide advice to businesses on new business initiatives, products/services/locations and new schemes related to riskier money laundering topics including payment intermediaries, digital assets, crypto currencies, cannabis industry and financial crimes compliance emerging technologies that would increase money laundering risks with respect to applicability of policies, resolution of potential red flags, controls implementation and compliance escalations. - Recommend and track controls to mitigate compliance, legal and operational risk, particularly with regards to payment intermediaries, digital assets, crypto currencies and the technology platforms and software behind them. - Build and maintain management relationships within Citi to understand top market practices with a specific focus on the move to digital assets and products. - Advice business in defining and implementing Emerging Technologies and Digital Assets program to manage and mitigate complex financial crime risks across Citi. - Support the AML team and business regarding special issues, attending the team's inquiries (FIU, NPA, BSU, REM, sanctions) giving clarity on how payment intermediary, digital currencies and crypto currencies work, the main risks to which Citi is exposed and the impacts on the processes. - Identify and advise monitoring sceneries based on identified risks. - Analyze new AML regulation, identify the impact in policies and procedures, define new procedures or changes in those existing procedures to ensure compliance with regulatory requirements. - Liaise with regulators and Citi internal audit staff for AML matters including coordinating AML related examinations, audit and reviews, document production, and issue replies. - Provide timely response with appropriate quality to the regional AML team on surveys regarding local high-risk geographies, inclusion of the local Regulator in the regulators covered and inclusion of the Colombian Stock Exchange in the list of covered exchanges. Know Your Customer (KYC) responsibilities: - Advice business and provide credible challenges in the on-boarding process, renewal and exceptions to ensure compliance with policies and procedures and appropriate risk management. Address each of their concerns and accompanying them in solving the concerns that arise. - Identify, manage, review and approve exceptions to the program ensuring compliance with policies, regulations and procedures, escalating requires topics. - Ensure that requirements for KYC are updated and in agreement with local regulatory requirements including them in the local manual Sarlaft, KYC system, county variances and FAQ (Frequent ask questions). - Analyze reconciliation results to verify all clients have a KYC record duly approved according to local regulation requirements, performing follow-up with businesses to solve exceptions. - Assess issues, structure potential solutions, and drive effective resolution. - Participate in regional and local projects related to definition of process flows for the implementation of electronic signatures and digital on-boarding ensuring compliance with local regulatory requirements and mitigation of AML risks. - Structure specific training material to cover specialized topics to ensure business has appropriate knowledge in requirements that must be complied in on-know your customer processes, including risk identification and risk management. Risk Assessments responsibilities: - Ensure correct execution and monitoring of the risk model, ensuring compliance with local regulations, updating the definition in the event of regulatory or corporate changes - Analyze and execute the required processes for maintenance of the Risk Model (SARLAFT), in relation to the stages of identification, measurement, control and monitoring. - Annual evaluation of the risk matrix of local jurisdictions, ensuring updates of the defined variables a