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Client - Risk Officer – Regulatory Change Specialist (VP)
Department Overview
Citi’s Client organization focuses on strengthening how we deliver for clients across the bank by taking a comprehensive view of our client relationships, ensuring that we deliver one Citi in a consistent and disciplined way through a centralized view of our client strategy, segmentation, and coverage model. Citi’s Client organization brings together key capabilities pertaining to:
This role will report into the Regulations Management Lead (BAU) (C14) and will be responsible for implementing key processes and establishing adequate governance around ‘Regulatory Change’ process and one-off regulatory applicability assessments required. In addition, the role will be working closely with 1st, 2nd and 3rd LoD teams towards enhancing the businesses control framework to ensure compliance with applicable Laws, Rules and Regulations.
This is an exciting opportunity for a motivated professional with a strong understanding of regulations management, associated risks and controls and a keen interest in establishing robust processes, and governance in-line with Citi Client’s strategic objectives.
Key Responsibilities:
‘Regulatory Change’:
This is First Line Risk Officer role supporting the Citi Client business unit in its entirety and will be primarily coordinating and completing ‘impact assessments’ associated with regulatory changes and verifying that businesses teams take appropriate remediation action to comply with these changes.
This role is expected to engage with a. multiple business teams under the Citi Client organisation, Independent and Product Compliance Risk teams and/or Subject Matter Experts (“SMEs”) as part of managing and coordinating the regulatory change workflow.
Key tasks include:
Coordination of ‘Impact Assessments’ of regulatory changes assigned by various ‘Compliance Leads’ and identification of other Client functions, potentially impacted by new or updated regulatory requirements.
Effective and efficient management of the ‘Regulatory Change’ process by:
Engaging with appropriate SMEs including the Regulations Management, Independent and Product Product Compliance teams or Legal Counsel as required, to obtain guidance and interpretation of laws, rules and regulations; Monitoring progress of each stage of regulatory assessments, challenge adequacy & timeliness of execution efforts through effective use of Citi tools, platforms and the systems; Executing assigned tasks timely based on Metrics/Key Performance Indicators (KPIs) and due dates; Escalating ‘Overdue’ tasks to the relevant senior management in accordance with governance and escalation protocols established by the Regulations Management Program; Supporting Citi Client business teams in creating remediation plans in instances of regulatory non-compliance Ensure the adequacy of controls, monitoring and reporting over the Regulations Management process. Completing and submitting completed assessments to the Senior Business/Function Manager for approval.
Regulations mapping:
Oversee progress of each stage of regulatory mapping process, challenge adequacy & timeliness of mapping remediation, based on Metrics/Key Performance Indicators (KPIs) and due dates, through effective use of Citi tools, platforms and systems;
One-off regulatory assessments:
Experience and Skills
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Business Risk & Control------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Tampa Florida United States------------------------------------------------------
Primary Location Full Time Salary Range:
$103,920.00 - $155,880.00In 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.
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Anticipated Posting Close Date:
May 09, 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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Other
Banking
$83k-107k (estimate)
05/05/2024
07/02/2024
BROOKLYN, NY
<25
2016
MELISSA ESPONDA
$10M - $50M
Banking