Michał Karolak

Michał Karolak Email and Phone Number

Head of Western Europe Cluster, KYC Operations at Citi @ Citi
new york, new york, united states
Michał Karolak's Location
Warsaw, Mazowieckie, Poland, Poland
Michał Karolak's Contact Details

Michał Karolak work email

Michał Karolak personal email

About Michał Karolak

• Experienced leader, successfully managing an organization consisting of 55+ professionals, including managers (continuously excellent Voice of Employee results)• Leader of successful digitization and automation projects which use state-of-the-art technology solutions that push the impacted processes to new heights (e.g. Artificial Intelligence, RPA or NLP in AML Monitoring), some executed together with Tech and FinTech startups• Winner of the annual Citi Progress Award, an enterprise-wide initiative to recognize Citi’s most innovative and scalable projects (Award won after successfully promoting the prototype and gathering support across Citi; final honors were awarder after presenting to Citigroup board)• Experience in managing multiple organizations and complex processes at the same time, proven ability to quickly shift focus, learn new topics and make effective decisions• Great results in process optimization initiatives (process turnaround time reduced by 50% and productivity increased by 30% in 2020 alone)• Experience in managing complex, cross-unit projects (e.g. BPM project, Digital Mailroom), some of which are sponsored by Senior Management• Experience in navigating complex local, regional and global management structures• Excellent knowledge of both corporate and retail banking products (approver in New Product Approval process)• Great relationships with internal clients, external vendors, as well as regional and global partners• Excellent track record proved by constant top year-end ratings

Michał Karolak's Current Company Details
Citi

Citi

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Head of Western Europe Cluster, KYC Operations at Citi
new york, new york, united states
Website:
citigroup.com
Employees:
201877
Michał Karolak Work Experience Details
  • Citi
    Head Of Western Europe Cluster, Kyc Operations
    Citi Mar 2023 - Present
    Warszawa, Woj. Mazowieckie, Polska
  • Pwc Polska
    Senior Manager At Financial Crimes Unit
    Pwc Polska Sep 2021 - Feb 2023
    Warsaw, Mazowieckie, Poland
    Key responsibilities:• Managing and delivering Client engagements: large operational projects and consulting projects for banks and financial services companies• Leading teams of AML professionals delivering work on Client projects in a variety of roles (operations, policy & compliance, process, technology)• Developing Financial Crime Unit's AML Transaction Monitoring offering• Business development activities, including targeting Clients, developing proposals and closing deals
  • Citi
    Head Of Financial Intelligence Unit, Compliance Risk Management
    Citi Jul 2016 - Aug 2021
    Warsaw, Masovian District, Poland
    Key responsibilities:• Developing and maintaining an effective AML transaction monitoring and sanctions screening process in compliance with Polish, European and American AML/BSA regulations• Leading an organization consisting of 55+ experienced AML professionals, including 4 managers• Managing 5 AML monitoring systems and their vendors• Implementing regulatory projects• Implementing automation and optimization initiatives (Robotic Process Automation, Predictive Analytics, Natural Language Processing) in cooperation with Tech and FinTech companies and startups
  • Citi
    Acting Head Of General Services
    Citi Dec 2019 - Sep 2020
    Warsaw, Mazowieckie, Poland
    Key responsibilities:• Oversight over services provided within the Bank: e.g. car fleet, records management, mailroom, archive, printing services, business travel• Rapid digitization of services in light of COVID-19 pandemic to ensure process continuity when the Bank moved to remote work model• Developing relationships with external vendors, executing procurement processes for service vendors• Creating strategic plans for crucial process changes, e.g. digitization of correspondence flow – launching and running Digital Mailroom project, sponsored by the Bank’s CEO
  • Citi
    Acting Head Of Shared Services
    Citi Nov 2019 - Mar 2020
    Warsaw, Mazowieckie, Poland
    Key responsibilities:• Oversight over multiple shared services functions: AML Operations, HR Shared Services, Accounts Payable (Procure-to-Pay) & Finance Shared Services, General Services• Oversight over digital transformation projects across back office (Robotics, IA/ML solutions, Lean & Continuous Improvement, Paperless)
  • Citi Handlowy
    Bpm Program Project Manager, Avp
    Citi Handlowy Sep 2015 - Jun 2016
    Warsaw, Masovian District, Poland
    Key responsibilities:• Managing 3 digitalization and optimization projects in Corporate Banking sector• Developing, adjusting and communicating project strategies• Creating appropriate project plans and executing the projects according to schedule• Maintaining oversight over the execution phase of the projects• Maintaining good relationship with all stakeholders and external vendors• Sourcing ideas for applications of new digital banking technology
  • Citi Handlowy
    Aml Operations Manager, Avp
    Citi Handlowy Jan 2014 - Jun 2016
    Warsaw, Masovian District, Poland
    Key responsibilities:• Leading a team of 20+ Analysts responsible for AML transactional monitoring for both retail and corporate clients• Ensuring delivery of contractual SLAs and KPIs• Designing and implementing various operational and cost-saving initiatives• Continuous improvement and optimization of AML monitoring processes• Performance monitoring• Employee development, including development plans, designing stretch assignments, coaching and mentoring• Capacity planning
  • Citi Handlowy
    Aml Project Coordinator In Operations & Technology
    Citi Handlowy Mar 2013 - Jan 2014
    Warsaw, Masovian District, Poland
    Key responsibilities:• Project coordination• Implementation of new AML monitoring system and case management tool• User Acceptance Testing coordination• Leading the work of the UAT team• Preparation of UAT test scripts, plan and schedule• Preparation of AML monitoring solutions for new banking products• Analyzing the accuracy and efficiency of the AML monitoring system• Continuous improvement and optimization of AML monitoring processes• Preparing statistical data for various reports• Coding VBA macros which improve the work of the team• Preparation of capacity plans for the Transaction Monitoring Team
  • Citi Handlowy
    Aml Coordinator/Aml Analyst In Compliance Department
    Citi Handlowy Feb 2011 - Mar 2013
    Warsaw, Masovian District, Poland
    Key responsibilities:• Project coordination• Analyzing the accuracy and efficiency of the AML monitoring system• Continuous improvement and optimization of AML monitoring processes• Verifying and updating customer segmentation for the purpose of AML monitoring• Modifying, verifying and updating existing AML scenarios and reports• Preparing statistical data for various reports• Coding VBA macros which improve the work of the team• Monitoring of the accuracy of customer data stored within the Bank’s systems and, if necessary, requesting needed updates• Analyzing alerts and investigating transactional activities to detect any suspicions of money laundering or terrorist financing activity• Preparing SARs (Suspicious Activity Reports) on suspect transactions for The General Inspector of Financial Information
  • Polkomtel
    Trainee - Consultant
    Polkomtel Mar 2008 - Jan 2011
    Warsaw, Masovian District, Poland

Michał Karolak Skills

Aml Banking Project Coordination Anti Money Laundering Financial Analysis Microsoft Excel Corporate Finance Risk Management Vba Microsoft Office Uat Coordination Team Leadership Management Analytical Skills Public Speaking Team Building Project Management Process Improvement Business Requirements Process Control Systems Thinking Microsoft Project Process Optimization Performance Management Capacity Planning People Development Continuous Improvement Cultural Transformation Operations Management

Michał Karolak Education Details

Frequently Asked Questions about Michał Karolak

What company does Michał Karolak work for?

Michał Karolak works for Citi

What is Michał Karolak's role at the current company?

Michał Karolak's current role is Head of Western Europe Cluster, KYC Operations at Citi.

What is Michał Karolak's email address?

Michał Karolak's email address is mi****@****ail.com

What schools did Michał Karolak attend?

Michał Karolak attended Sgh Warsaw School Of Economics.

What skills is Michał Karolak known for?

Michał Karolak has skills like Aml, Banking, Project Coordination, Anti Money Laundering, Financial Analysis, Microsoft Excel, Corporate Finance, Risk Management, Vba, Microsoft Office, Uat Coordination, Team Leadership.

Who are Michał Karolak's colleagues?

Michał Karolak's colleagues are Stephanie Kiefer, Arthur Shapiro, Sienna Kaur, Mothish Raj Selvaraj, Thomas L., Murray Coon, Yunita Yunita.

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