Serves as a compliance risk management officer for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. In addition, engages with the ICRM product and function coverage teams, in order to partner to develop and apply CRM program solutions that meet business and customer needs in a manner consistent with the Citi program framework.
Responsibilities:
• Participating in the design, development, delivery and maintenance of best-in-class Compliance programs, policies and practices for ICRM as it relates to key US prudential bank regulations, including but not limited to Regulations K, R, L, and Y (debts previously contracted, merchant banking investments and anti-tying).
• Analyzing complex comparative data, preparing and presenting regional and global reports related to compliance risk assessments, and monitoring of compliance related issues.
• Reviewing materials to ensure compliance with various regulatory and legal requirements and to ensure compliance risks are appropriately identified and addressed.
• Investigating and responding to compliance risk issues. Investigating regulatory inquiries, preparing required documentation, making recommendations to senior management on how to proceed, and preparing responses for the regulatory inquiries.
• Overseeing the monitoring of adherence to Citi’s Compliance Risk Policies and relevant procedures and preparation, editing, and maintenance of Compliance program related materials.
• Interacting and working with other areas within Citi, as necessary.
• Keeping abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.
• Additional duties as assigned.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
• Expertise in U.S. prudential bank Compliance laws, rules, regulations, risks and typologies, or a demonstrated ability to quickly acquire regulatory knowledge by coverage of comparably complex financial regulations
• Expertise/experience in covering Global Markets businesses (trading desks)
• Experience with writing policies, developing training, executing risk assessments, and providing regulatory advice to businesses
• Must be a self-starter, flexible, innovative and adaptive
• Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
• Strong written and verbal communication and interpersonal skills
• Ability to both work collaboratively and independently; ability to navigate a complex organization
• Advanced analytical skills
• Ability to both work independently and collaborate with team members
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Proficient in MS Office applications (Excel, Word, PowerPoint)
• Demonstrated knowledge in area of focus
Preferred:
• Prior experience advising on Regulations K, R, L and/or Y (debts previously contracted, merchant banking investments and anti-tying)
• Prior experience at or with a peer institution, including at a law firm or consulting firm servicing peer institution clients, or at a federal regulator with oversight of peer institutions
Education:
• Bachelor’s degree; experience in US bank regulatory compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus; Advanced degree a plus
Note: role is eligible for remote location
This role can be performed remotely/telecommuter eligible
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Job Family Group:
Compliance and Control
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Job Family:
Compliance Risk Management
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Time Type:
Full time
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Job Type: Full time