Citi

Compliance Product Officer US Retail Bank

Frisco, TX, us

Company: Citi

Category: Accounting / Finance

Published on 2021-10-21 19:19:42

Key Activities: Serves as a U.S Consumer compliance risk officer for Independent Compliance Risk Management (ICRM) responsible for assisting with 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 protect 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 the function/business/product and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to the supported U.S. Retail Branch network including International Personal Bank (IPB) U.S and guidance on U.S consumer protection rules/laws and interpretation on internal policies and procedures. Individual will be part of a team that will provide compliance coverage for the U.S. Retail Branch network and the U.S. International Personal Bank (IPB), an offshore wealth business servicing the needs of international affluent and high net worth clients. This role will support the deposit products and services, and liaison with the ICRM team supporting wealth (e.g. investments/insurance) products. Review the life cycle of products/services and the value proposition tailored for the Retail Branch clients and IPB individuals on expat job assignments. Delivering informed risk management credible challenge to optimize operational and client services for a highly remote and transactional business with customers and transactions spanning across the globe. Key activities include: Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM. Providing guidance on rules and regulations (with an emphasis on US consumer protection) relating to operational issues of the U.S. Retail Branch network and International Personal Bank (IPB) U.S. function/business/product operational issues, as well as, provide transactional approvals and interpretation of internal compliance policies. Reviewing the life cycle of products/services and the value proposition tailored for the international clients and individuals on expat job assignments. Delivering informed risk management credible challenge to optimize operational and client services for a highly remote and transactional business with customers and transactions spanning across the globe. Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties. Collaborating with other internal areas including: Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the supported function/business/product. Ability to influence at a senior level using sound judgment; understanding how to operate effectively across multiple lines of business (i.e., Retail Bank and Citi Private Bank). Supporting the function/business/product in performing timely compliance reviews of new products. Assisting in the development and administration of Compliance training for the supported function/business/product. Researching any new reform rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules. Additional duties as assigned. Knowledge and skills Required: Knowledge of Compliance laws, rules, regulations, risks and typologies including broad knowledge of consumer protection regulations, such as Reg CC, Reg, DD, Reg E, Reg D, Reg. Z, Reg. O and FDIC insurance regulations, as well as Privacy, Fair Lending laws, UDAAP and Treating Customers Fairly. Knowledge of laws and regulations related to US consumer compliance (i.e. Reg. E, Reg. DD, Reg. CC, Reg. U, Privacy, etc.) strongly encouraged. AML/KYC, Anti-Bribery and Corruption, Sanctions laws and regulations a plus. Knowledge of retail banking products, services and banking packages, as well as back office processing and procedures. Must be a self-starter, flexible, innovative and adaptive 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 Ability to both work collaboratively and independently; ability to navigate a complex organization Advanced analytical skills Ability to both work independently and collaborate with team members Excellent project management and organizational skills and capability to handle multiple projects at one time Proficient in MS Office applications (Excel, Word, PowerPoint) Demonstrated knowledge in area of focus Ability to influence at a senior level using sound judgment; understanding how to operate effectively across multiple lines of business (i.e., Retail Bank and Citi Private Bank) Education level and/or relevant experience(s) Required: Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; strong working knowledge of function/business/product supported and the related operations and financial requirements Preferred: MBA or JD a plus Related certifications desirable, such as CRCM Job Family Group: Compliance and Control Job Family: Product 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
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