Compliance Risk Mgmt Officer - VP - Regulation Management - Global Consumer Bank

Company: Citi
Location: Getzville
Posted on: January 13, 2022

Job Description:

Serves as a compliance risk 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.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 changesWrite 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 ManagementEnsure that process is conducted in expected timeframes and promote that countries under the coverage comply as well with Regulations' compliance dateWork 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 partnersConduct 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 adviceCollaborate with other ICRM stakeholders to review that a control environment is implemented for regulatory-related processesQualifications:Expertise in laws, rules, regulations, risks and typologiesAwareness of regulatory requirements including local and US laws, international and industry standardsCapable to conduct analysis of Laws, Rules, Regulations, as well as interpretation and understand potential applicability to financial services' entitiesStrong leadership to coordinate implementations and drive strategy in the area of coverageAbility to challenge business management and escalate issues when appropriateAbility to work collaboratively with regional and global partners in other functional unitsAbility to navigate a complex organization; to influence and lead people across cultures at a senior levelFluent in EnglishExcellent written, verbal and analytical skillsExcellent project management and organizational skills and capability to handle multiple projects at one time.Proficient in MS Office applications (Excel, Word, PowerPoint)Must be a self-starter, flexible, innovative and adaptive;Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messagingAbility to work collaboratively with regional and global partners in other functional unitsAbility to interact and communicate effectively with senior leadersDemonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholdersComfortable acting as an agent for positive change with agility and flexibilityEffective negotiation skills, and proactive 'no surprises' approach in communicating issues and strength in sustaining independent viewsStrong track record of effectively assessing and managing competing prioritiesEffective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent viewsEducation:Required: Bachelor's degree; legal experience and in compliance-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereofPreferred: Advanced degree (e.g. Juris Doctor) in the field is expected-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.Citigroup Inc. and its subsidiaries ("Citi"-- -) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting-Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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