The Regulatory Risk Officer serves as a senior compliance finance risk officer responsible for assessing compliance risks and controls implemented by the first and second line of defense. Also responsible for performing risk assessments of Citi's compliance risks; performing independent assurance activities (testing and ongoing monitoring) to assess the design and effectiveness of key controls designed to address compliance risk; reporting and escalating control issues and any violations of laws or breaches of policy; and validating the adequacy of remediation taken to address reported issues.
- Responsibilities:
- Developing, implementing, and executing risk testing, continuous assurance, and reporting programs within an assigned region in accordance with the Finance Risk Plan.
- Leading the execution of high-quality and timely risk-based reviews to assess compliance with key laws, rules, internal policies, and standards impacting Global Functions/EIOT Data & Reporting business activities.
- Proactively liaising with product compliance colleagues and other business stakeholders to keep abreast of business developments and regulatory issues that may impact the firm through regular dialogue and participation in governance meetings.
- Participating in the planning, execution, and reporting of compliance assurance reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity within an assigned region in accordance with CA Plan.
- Analyzing and documenting report findings and having preliminary discussions with corresponding control/process owners.
- Assisting with the development of risk assessments, monitoring monthly, quarterly summaries, and the development and enhancement of the Finance Risk Methodologies and Standards for auditing, testing, monitoring, and reporting.
- Utilizing innovative compliance testing solutions including data analytics to increase value and reduce costs of compliance-related activities.
- Developing effective relationships within the Risk function and with other stakeholders including business process owners and the Internal Audit function.
- Working collaboratively and independently as part of a new growing period of transformation.
- Identifying industry best practices and sharing insights with the CA teams on a regular basis.
- Informing Risk management of significant compliance matters that require their attention or action.
- Identifying compliance training resources and tools available centrally to support country/business compliance programs training and research needs.
- Additional duties as assigned.
- Appropriately assessing 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:
- Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities.
- Knowledge and extensive experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities.
- Understanding of rules, laws, and regulations, and specific regulatory requirements.
- Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.
- Effectiveness in working within a large scale and complex matrix organization is essential.
- Effective negotiation skills, a proactive and no surprises approach in communicating issues, and strength in sustaining independent views.
- Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions.
- Willingness to travel.
- Knowledge of compliance laws, rules, regulations, risks, and typologies.
- Experience in audit testing data, data technology, data tracing, and regulatory reporting.
- Must be a self-starter, flexible, innovative, and adaptive.
- Ability to work in a fast-paced environment and quickly adapt to change.
- Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization.
- Ability to both work collaboratively and independently; ability to navigate a complex organization.
- Advanced analytical skills.
- Excellent project management and organizational skills and capability to handle multiple projects at one time.
- Demonstrated experience in leading large scale, complex projects.
- Proficient in MS Office applications (Excel, Word, PowerPoint).
- Experience with data analysis and/or data mining, knowledge of SAS, SQL, Microstrategy, Big Data or other analytics tools like R, Python (experience using Hadoop and Hive).
- Demonstrated knowledge in area of focus.
Education:
- 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; experience in area of focus; Advanced degree a plus.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Job Family Group: Risk Management
Job Family: Regulatory Risk
Time Type: Full time
Primary Location: Tampa, Florida, United States
Primary Location Full Time Salary Range: $113,840.00 - $170,760.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date: Sep 17, 2024
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.
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