Compliance - Reg. Management Cluster Coordinator, Vice President
April 19, 2021
Serves as a compliance risk manager 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 designing and delivering a risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. In addition, engaging 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.
Key Activities include:
Participating in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
Managing a specialized team of Compliance professionals responsible for program execution activities. Oversight for compensation, performance appraisals, staff development, training, etc.
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 :
Review on a daily-basis system Reg. Insight Module to identify potential applicable Laws, Rules Regulations and conduct disposition and in certain jurisdictions conduct manual monitoring of regulatory changes
Write Regulation Summaries and draft obligations to support downstream stakeholders in the management of regulation change and inventory.
Conduct Preliminary Assessment Unit Mapping based on Regulation Summaries and Obligations to include taxonomy, legal entity, and applicability.
Coordination with Product and Functional ICRM stakeholders in the confirmation of applicability of regulations.
Support the creation of impact assessments and action plans designed to demonstrate necessary adherence to Laws, Rules and Regulations.
Support the development and execution of simple and effective control and monitoring processes for Regulation Management
Ensure that process is conducted in expected timeframes and promote that countries under the coverage comply as well with Regulations' compliance date
Work in coordination with Regulation Management Managers to provide full coverage to the covered cluster and conduct credible challenge to E2E process executed in the cluster.
Work with CCCOs/Business Heads to conduct training and socialize the Regulations Management process among business partners
Conduct internal validations and reviews of the laws applicable to the cluster/Segment to understand the content, scope, in order to be able to provide segment advice
Collaborate with other ICRM stakeholders to review that a control environment is implemented for regulatory-related processes
Education Level: Required:Bachelor's degree; legal experience, and expert in compliance or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; previous experience managing staff, strong working knowledge of function/business/product supported and the related operations and financial requirements Preferred: Advanced degree (e.g. JD, MBA) is a plus
Knowledge & Skill Required:
Expertise in laws, rules, regulations, risks and typologies
Awareness of Regulatory requirements applicable to the region/cluster of coverage as well as industry standards
Paralegal experience and/or versed in legal analysis, interpretation and its documentation
Capable to conduct analysis of laws, rules, Regulations, conduct interpretation and understand potential applicability to financial services' entities
understanding of control and compliance risk management
Advanced Analytical skill and result driven
Ability to articulate complex problems and solutions through concise and clear messaging
Understanding of the regulatory framework of the countries /segments of coverage
Understanding of financial services and products of the countries of coverage
Fluent in English and basic knowledge of (language) is preferable
Proficient in MS Office applications (Excel, Word, PowerPoint)
Ability to both work independently and collaborate with team members
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
Job Family Group: Compliance and Control Job Family: Compliance Risk Management Time Type: Full time 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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