Serves as a Senior Markets Compliance Risk Officer within Independent Compliance Risk Management (ICRM) and is responsible for (i) establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and (ii) delivering a risk management framework that both 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 develop and apply CRM program solutions that meet Markets sales and trading business function /product and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors, providing day-to-day Compliance advice relating to regulatory rules/laws, internal policies and procedures, and related Firm and industry interpretations applicable to the supported Markets businesses.
The Rates & Currencies ICRM team supports various Markets businesses and products within Citi's Institutional Client Group (ICG), including Sales and Trading staff in the G10 Foreign Exchange and NY Local Markets Hub desks, the Global Investor Sales and Corporate Sales & Solutions businesses, Citi Treasury Investments, and Strategic Investments Initiatives across the ICG platform. The candidate should have a strong working knowledge of financial products transacted with an institutional customer base, specifically in Fixed Income products and/or foreign exchange.
Responsibilities:
- Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices for ICRM. Translates ICRM strategy and goals across Citi's clients, products and geographies in a succinct and clear manner; provide direction and guidance on the programs.
- Serving as a subject matter expert on Citi's Compliance programs. Provides expert guidance on function/business/product regulations on a real-time basis to manage compliance risk.
- Staying abreast of relevant changes to rules/regulations and other industry news including regulatory findings.
- Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to the supported function/business/product.
- Analysing and scoping the impact of new and complex regulatory developments across senior function/business/product, including cross-border impact.
- Advising ICRM and function/business/product management and personnel on regulatory and compliance issues and provide credible challenge.
- Participating in industry groups and trade association working groups or other forums.
- Leading initiatives and managing high-impact special project work streams with a results-driven focus to deliver solutions, including coordinating the implementation of new regulatory requirements.
- Managing strategy and responses to regulatory examinations, reviews and inquiries and internal and external investigations, as well as testing and audit.
- Designing and lead compliance and control reviews.
- Partnering with other ICRM teams and global functions, including Legal, Risk, Operations and Technology, and Finance to prevent and detect non-compliance issues and promote a culture of compliance.
- 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 of Compliance laws, rules, regulations, risks and typologies;
- Excellent written, verbal and analytical skills
- Must be a self-starter, flexible, innovative and adaptive;
- Highly motivated, strong attention to detail, team oriented, organized
- Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
- 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
- Experience in managing regulatory exams and relationships with examiners, auditors, etc.
- Awareness of regulatory requirements including local and US laws, international and industry standard
- Advanced knowledge in area of focus
- Related certifications desirable
Job Family Group:
Compliance and Control
Job Family:
Product Compliance Risk Management
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Salary Range:
$176,720.00 - $265,080.00
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