Risk And Compliance jobs in United States

Department Overview

Citi’s Client organization focuses on strengthening how we deliver for clients across the bank by taking a comprehensive view of our client relationships, ensuring that we deliver one Citi in a consistent and disciplined way through a centralized view of our client strategy, segmentation, and coverage model. Citi’s Client organization brings together key capabilities pertaining to:

• Marketing and Content
• Research
• Financial Resources Management
• Client data and Analytics
• Business Development
• Institutional Credit Management

This role will report into the Regulations Management Lead and will be responsible for implementing key processes and establishing adequate governance around ‘Regulatory Change’ process and one-off regulatory applicability assessments required. In addition, the role will be working closely with 1st, 2nd and 3rd LoD teams towards enhancing the businesses control framework to ensure compliance with applicable Laws, Rules and Regulations.

This is an exciting opportunity for a motivated professional with a strong understanding of regulations management, associated risks and controls and a keen interest in establishing robust processes, and governance in-line with Citi Client’s strategic objectives.

Responsibilities:

Assessment of Tier 1 college Laws, Rules & Regulations

• Lead and coordinate the execution of efforts around Control, Analysis, Remediation, Applicability and Mapping (CARAM) of Tier 1 Laws Rules and Regulations (LRRs) to applicable processes and controls across the various Client teams.
• Proactively lead the completion of due diligence or investigation needed on areas lacking clear impact assessment conclusions by engaging with the relevant SMEs.
• Understand and align the mandate and accountabilities of Client teams versus external regulatory requirements as well as internal policy requirements linked to LRRs.
• Develop reporting capability to ensure progress updates and areas of concern are timely communicated or id necessarily escalated to senior management to ensure timely completion of regulatory impact assessments in-progress.

Assessment of Tiers 2-5 college Laws Rules and Regulations:

• Partner with Client businesses/ functions and Product Compliance to ensure that relevant regulations are mapped for newly created Assessment Units (AUs) and supporting maintenance of Regulation to AU mapping for significant change scenarios.
• Coordinate and monitor timely completion of Client involvement in one-time reviews of Laws, Rules and Regulations as requested by the relevant Country and Product Compliance teams.
• Work with Client organisation to ensure that there are appropriate controls to comply with applicable Laws, Rules and Regulations.

Participate in the monitoring, coordination and selective execution of deliverables related to the Consent Order boo of work, the scope of which pertain to Client only.

Develop strong network with the Independent Compliance and ICG Risk & Control teams on regulatory matters either on an individual basis or by engaging in regulatory programs, working groups and conventions affecting Client.

Collaborate with teams responsible for assessing the applicability of Citi Policies to ICM processes and establish a solid understanding between applicable regulatory requirements and Citi Policy documentation and their corresponding control programs.

Qualifications:

• Relevant experience in risk, compliance, audit or regulatory control functions.
• Prior exposure in regulatory landscape applicable to global financial institutions and awareness of key regulatory requirements.
• Experience in working with the various risk and control systems and managing internal reporting processes.
• Project management and excellent organizational skills with the ability to multitask and adapt to change.
• Strong communication skills with the ability to articulate complex problems and solutions through concise and clear messaging. Professional ability and presence to interact with seniors across all lines of defence.
• Pragmatic problem-solver with ability to identify, analyse and remediate root causes and impact of various themes and issues.
• Self-motivated, highly adaptive, detail oriented, and demonstrated ability to work in a dynamic, fast-paced environment while still maintaining attention to detail and accuracy.
• Strong willingness to learn and grow with a demonstrated passion for excellence and contributing to high performing teams.
• Ability to work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level.
• Bachelor’s/University degree or relevant Professional Qualifications.

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Control

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Time Type:

Full time

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