What are the responsibilities and job description for the Director, Compliance Independent Assessment - Volcker, Swap Dealer and Counterparty Risk & Trading - C15 (Jersey City) position at Citigroup, Inc.?
Serves as a senior compliance risk manager for Independent Compliance Risk Management (ICRM)'s Compliance Independent Assessment (CIA) Team responsible for assessing compliance with Volcker rule, Swap dealer requirements and significant compliance risks and controls implemented by the global Markets Business; serves as global product lead , managing the engagement with Senior stakeholders across all lines of defense and overseeing CIA activities (testing and 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 adequacy of remediation taken to address reported issues.
Key Activities Include :
- Overseeing the development, implementation, and execution of the compliance independent assessment activities globally with strong collaboration with global Markets Product Compliance senior management in accordance with CIA) Plan.
- Directing the planning, execution, and reporting of compliance independent assessment reviews and compliance and regulatory issue validation activities for the global Volker Independent Testing Program, Swap Dealer Program and Counterparty Risk and Trading business within Markets business and legal entities globally in accordance with CIA Plan.
- Managing a team or multiple teams of Compliance professionals. Developing, attracting, and retaining talent; recommending staffing levels required to carry out the unit's role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs.
- Assisting in the development of a robust CIA Plan to monitor for compliance with rules, laws, and regulations.
- Developing a valued interactive program of support and testing that provides regulators and stakeholders' insight into compliance trends, themes, issues, and root causes.
- Developing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Significant Compliance Risks across businesses and products, legal entities and jurisdictions, providing stakeholders with insight and practical solutions to improve the control culture and environment across Citigroup.
- Defining resource requirements and budgets for CIA projects.
- Serving as a Product Lead and Owner for complex reviews, analyze report findings, and recommend appropriate interventions where needed.
- Identifying and evaluating emerging risks and present findings to CIA Leadership, ICRM Markets Leadership, Markets Management and global leadership / committees / Sub-committees overseeing the global Volcker and Swap Dealer programs.
- Analyzing and providing credible challenges to team's assessment of the control environment (of relevant assessment units), including Manager's Control Assessments (MCA), Internal Audit Assessments (and related control metrics such as on-time remediation, Reopens, and MCA effectiveness), Regulatory Issues (and its metrics), CIA Results, and Legal Matters.
- Participating in discussions with the firm's regulators in connection with inquiries, inspections, and exams.
- Participating in the development and enhancement of the CIA Methodology and Standards for auditing, testing, and reporting with significant compliance risk focus.
- Providing regulator briefings as necessary and insight to the State of Compliance Report as needed.
- 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications :
Education :
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 :
Compliance and Control
Job Family :
Compliance Independent Assessment
Time Type : Full time
Primary Location :
Jersey City New Jersey United States
Primary Location Full Time Salary Range :
170,000.00 - $300,000.00
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 :
Jan 02, 2025
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.
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Salary : $170,000 - $300,000
