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Senior Vice President (SVP) - Regulatory, Audit, and Issue Management

Citigroup Inc

Location: Tampa, Florida
Type: Non-Remote
Posted on: July 30, 2021
This job is no longer available from the source.
Senior Vice President (SVP) – Regulatory, Audit and Issue Management Lead will be part of the team responsible for the promotion, support, monitoring and reporting on Citi’s interactions with its regulators, internal audit and Senior Management data governance forums.
The objective of this role is to drive the execution of regulatory and internal audit interactions across Operational Risk Management – Data Management, as well as issue management & resolution delivery to ensure the organization is responsive, agile and well-prepared for unique and demanding regulatory and internal audit requests. The position will require significant project management and stakeholder engagement to ensure that regulatory and stakeholder engagement are thoughtful, comprehensive and culminate in consistent messaging.
Key Responsibilities:
The Senior Vice President – Regulatory, Audit and Issue Management Lead will have detailed knowledge of data management, issue management, regulatory relations, operational risk management and audit practices; as well as:
• Depth and breadth of knowledge on Data initiatives across Citi businesses and functions.
• Be able to coordinate interactions with regulators and internal stakeholder, including but not limited to: assisting in providing oversight for supervisory engagement; coordinating and managing events related to examinations and continuous monitoring, including working with businesses and functions in negotiating scope and timing of reviews, monitoring requested data aggregation and coordinating and attending regulatory meetings with control functions and business unit personnel; and collaborating with Business Heads to provide guidance on regulatory matters and continually enhancing the framework to identify, assess, control, and monitor regulatory communication.
• Partner with issue owners to ensure a complete understanding of deliverables for outstanding Corrective Action Plans (CAPs) and milestones.
• Execute project management of regulatory MRA/MRIA issues and IA deliverables.
• Coordinate calls and periodic reviews with Internal Audit and key stakeholders to complete deep dive assessments of outstanding regulatory MRA/ MRIA issues, Corrective Action Plans and underlying milestones.
• Provide oversight and quality assurance review to Issue/CAP closure documentation to ensure evidence and artifacts provided are sufficient to me Internal Audit validation expectations and requirements.
• Drive effective communication strategies with regulators and advise to senior management on the approach to regulatory interactions and guidance on best in class presentations, materials and other submissions provided to regulators.
• Establish and develop effective relationships with Citigroup senior management, front line, second line (including ICRM, independent risk, finance, HR, and Legal), Internal Audit to obtain information / documentation to respond to regulatory requests proactively and on time with quality.
• Identify mitigating facts and circumstances (as applicable) to respond to potential issues identified during regulatory engagement, including the various stages of the exam management lifecycle.
• Monitoring the full lifecycle of identified regulatory issues ensuring that concerns are communicated, assigned responsibility, and tracked to resolution.
• Develop and maintain a centralized repository where documents are stored and previous regulatory and supervisory findings, reports and similar documents.
• Steward the drafting of the firm’s Response Letters and coordinate involvement of relevant internal stakeholders such as Technology and Internal Audit on the development of Corrective Action Plans and associated target dates.
• Review and provide quality assurance of risk management deliverables submitted to regulators.
• Execute and lead high priority regulatory ad hoc projects across their lifecycle by identifying and structuring problems, analyzing root causes, developing solutions, communicating project results, and obtaining buy-in for change.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Qualifications and Experience:
• 12+ years of years of experience in the Financial Services industry, preferably in a regulatory-facing role that requires superior problem solving and excellent oral/written communication skills (Regulatory or Compliance background a plus).
• Experience working at a banking regulatory agency, such as the Federal Reserve, OCC, and FDIC a plus.
• Proven track record project managing Regulatory and Internal Audit issues to remediation.
• Risk, Operational Risk, Controls, Project Management.
• Familiarity with Citi’s Control systems, in particular, MCA, iCAPS and RET
• Knowledge of data management, data governance, data quality or related data concepts (DAMA, DMBOK) preferred.
• Familiarity with BCBS 239, Regulation YY and Heightened Standards highly desirable.
• Excellent influencing, facilitation, and partnering skills. Ability to build a strong internal and external network.
• Exceptional writing skills, with ability to synthesize complex concepts and translate into effective presentations to external regulators, Senior Executives, Internal Audit and Board, skilled at storytelling.
• Strong working relationships and effectively partner with key stakeholders and subject matter experts across the organization and more broadly Businesses and Control Functions to promote a more integrated approach to regulatory relations.
Education:
• Bachelor’s degree; experience in operational risk, 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 (e.g. JD, MBA) or Certifications (e.g. FRM, PRM, CDMP, CRCM) a plus.
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Job Family Group:
Risk Management
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Job Family:
Operational Risk
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Time Type:
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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