Citi names Tom Anderson as new chief compliance officer

Anderson’s appointment, confirmed by a Citi spokesman, comes two months after Mary McNiff stepped down from the role. McNiff will accept another position within the bank but remain a member of the executive team.

Anderson has more than 30 years of banking experience, most recently as CCO for Citi’s personal banking and wealth management business. After beginning his career with Citi as a management trainee in commercial lending, he rejoined the bank last summer following seven years at JPMorgan Chase.

While at JPMorgan, Anderson served stints as CCO for consumer and community banking and CCO for JPMorgan Chase Bank. Previously, he was chief executive officer of American Express global banking for five years, where he was the primary liaison to its U.S. and international regulators.

McNiff became Citi’s CCO in June 2020 after a year as CEO of Citibank, N.A. She gave a keynote address at Compliance Week’s 2021 National Conference.

The change at CCO follows a pair of orders issued in 2020 by the Office of the Comptroller of the Currency and Federal Reserve against Citibank, which included a $400 million fine. The regulators ordered Citi to address “significant” risk and compliance failures, including “long-standing” deficiencies in generating and evaluating its customer data and deficiencies in risk management and internal controls.