Senior Compliance Officer Consumer Banking Compliance Risk Assessments

Zephyrhills, FL, us

Company: Citi

Category: Accounting / Finance

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

Serves as a senior Global Consumer Bank (GCB) Product 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 protect the franchise. In addition, engages with the ICRM product and function coverage teams, to partner, develop and apply Compliance Risk Management program solutions that meet the Global Consumer Bank business 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 operations, financial requirements, and guidance on the Global Consumer Bank business and the associated regulatory rules/laws and interpretation on internal policies and procedures. Responsibilities: Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices for ICRM. Translating ICRM strategy and goals across Citi’s clients, products and geographies in a succinct and clear manner; providing direction and guidance on the programs. Completing product and regulation-based compliance risk assessments, including but not limited to, the evaluation of results of metrics for Inherent Risk and Control Effectiveness ratings, determination of emerging risks, and qualitative analysis, finalizing rationale for results based on qualitative analysis and serving as the first level approval of the risk assessment Reviewing product and regulation risk assessments with Product ICRM seniors Facilitating calibration meetings with Country and Regional Compliance Acting as the central point of contact for risk assessments for applicable regions, ICRM teams, and regulations. Performing BAU Product ICRM responsibilities to backfill for existing Product ICRM Officers as they support compliance risk assessments 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. Qualifications: 10-12 years’ experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof Experience in area of focus Strong working knowledge of Consumer Banking products and the related operations and financial requirements 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 Education : Bachelor’s degree Advanced degree (e.g. JD, MBA) a plus CRCM or other compliance or risk related certifications a plus Job Family Group: Compliance and Control Job Family: Compliance Risk Management Time Type: 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
Apply for the job