Compliance Independent Assessment Director Job at Citi (London)

Compliance Independent Assessment Director

Citi

Location:
United Kingdom , London

Category:
-

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

The Compliance Independent Assessment Senior Manager serves as a senior compliance risk analyst manager who is responsible for overseeing the Independent Compliance Risk Management (ICRM)’s Compliance Independent Assessment team that is responsible for assessing the first line of defense's significant compliance risks and for providing governance and oversight of compliance with Laws, Rules, and Regulations. This person will oversee the work that is performed through independent assessment activities (testing and monitoring) to evaluate the design and/or performance of business processes and/or controls, to conclude on the severity of underlying compliance risks

Job Responsibility:

Overseeing the development, implementation, and execution of the Compliance Independent Assessment (monitoring and testing) programs within an assigned area/function in accordance with the Compliance Independent Assessment Plan
directing the planning, execution, and reporting of compliance monitoring and testing assessment activities and compliance and regulatory issue validation activities for a component of a product line or function, or legal entity within an assigned area in accordance with the Compliance Independent Assessment Plan
managing a team or multiple teams of Compliance professionals
assisting in the development of a robust Compliance Independent Assessment Plan to assess significant compliance risks and 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
defining resource requirements and budgets for Compliance Independent Assessment projects
serving as owner for complex compliance assessment activities, analyze report findings, and recommend appropriate interventions where needed
identifying and evaluating emerging risks and present findings to Compliance Independent Assessment function leadership
analyzing and providing credible challenges to team’s assessment of the control environment
participating in discussions with the firm’s regulators in connection with inquiries, inspections, and exams
participating in the development and enhancement of the Compliance Independent Assessment Procedures for auditing, testing, and reporting
providing regulator briefings as necessary and insight to the State of Compliance Report on a quarterly basis to the Audit Committees of Citigroup and Citibank

Requirements:

Extensive experience in both technical Compliance space and in managerial position
extensive global compliance and audit related experience, and strong knowledge of business processes and IT technologies utilized in the Financial Services Industry
possess strong project management, budgeting, and interpersonal skills, makes sound decisions, and exhibit initiative and intuitive thinking
executive presence and a reputation for building strong relationships with stakeholders and leading teams, both direct reports and in peer/influence models
solid understanding of rules, laws, and regulations, and specific regulatory requirements impacting financial services
proven experience in leading transformational change, in influencing geographically dispersed teams of world-class professionals and in implementation of cost effective and technology enabled innovative solutions in compliance monitoring, testing, and reporting
effective negotiation skills, a proactive and 'no surprises' approach in communicating issues, and strength in sustaining independent views
excellent communication skills in interacting with non-executives, executive management, regulators, and across a number of business lines and control functions
effective persuasion skills, the ability to work effectively at the highest levels of the organization, and networking and influencing skills
proven track record in preparing and presenting formal written reports to Audit Committee, Compliance Committee, Board of Directors, and C-Suite Management
willingness to travel domestically and internationally
highly motivated, strong attention to detail, team oriented, organized
strong communication and interpersonal skills
experience in the design and implementation of Compliance programs
demonstrated ability to assess complex issues through root cause analysis and other analytical techniques
ability to influence and lead people across cultures at a senior level using sound judgment and successful execution
experience with and previous exposure to internal or external control functions and regulators
ability to challenge business management and escalate issues when appropriate
strong track record of effectively assessing and managing competing priorities
experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations
subject matter expertise in area of focus

What we offer:

Best-in-class benefits
opportunities for global career growth
employee-first approach

Additional Information:

Job Posted:
May 02, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Chief Country Compliance Officer Sr Mgr

Oversees the Citi Compliance Risk Management Program for a medium to smaller fra...

Location

Bahamas , Nassau

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Credibility as a subject matter expert and experience of dealing with issues that have a high impact at all levels of the organization
Experience of working with key country level regulators and industry associations
Knowledge of local regulatory requirements and obligations and the ability to identify emerging compliance issues and themes
An ability to influence senior business leaders on all compliance risk-related matters affecting the business. The individual should have the ability to independently challenge, when needed, while at the same time being supportive and solution-based and not being perceived as obstructive
An ability to be “hands on” and “in the trenches” with the direct team, while also bringing a sense of strategic vision and a global sensibility to the function
Ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders’ needs are met
Strong team leadership, communication, interpersonal and management skills, with a track record of leading through change and the ability to effectively communicate the strategic vision to various stakeholder groups
Effective negotiation skills, a proactive and “no surprises” approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management and influencing skills are essential
The ability to thrive and execute in a complex, highly matrixed, global environment
Bachelor’s Degree highly preferred or relevant, equivalent experience. Preference for post graduate degree and/or recognized professional qualifications where applicable. Professional qualifications may include: CRMC or equivalent, CPA, ACA, CIA, CFA, ACAMS, etc. strong technical knowledge of compliance regulations and requirements, experience within a highly complex, global financial institution, regulator or related industry participant.

Job Responsibility

Annual Country Compliance Plan: Preparing, obtaining approval and successfully completing an annual compliance risk management plan, in accordance with the global template and content and presentation requirements, setting out how compliance risk will be managed within the jurisdiction and its constituent parts, and the role to be played by ICRM in order to achieve the plan. Identification of the jurisdictional requirements, accountabilities and the process ownership and monitoring and testing ownership, as well as the determination of suitable staffing, hours required and secured budget in order to achieve the state of compliance within risk appetite will be set out in the plan, which will be reviewed quarterly with the jurisdictional CCC and ICRM, as well as any applicable legal entity, as well as where required by applicable regulatory agencies. The annual country compliance plan must take into consideration the applicable compliance risk assessments and MCAs appropriate to the jurisdiction and its activities.
State of Compliance Reporting: Preparing quarterly, in accordance with the approved global format, and in adherence to all established requirements for the State of Compliance reporting. The State of Compliance report will be presented to the appropriate CCC, BRCC and legal entity Board or Board Audit Committee, or other such Board committee required within the jurisdiction.
Enhancing Governance: Providing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Key Compliance Risks across products, services, functions, legal entities, service centers and the jurisdiction as a whole. Providing stakeholders with insight and practical solutions as well as credible challenge to improve the ethical control culture, and conduct risk environment. Timely reporting of significant local regulatory issues to local, overseas, regional, and global stakeholders. Same-day escalation of regulatory reports received. Maintaining on-going assessment and reporting of the State of Compliance through the relevant corporate governance committees such as country audit committee(s) and/or subsidiary board(s), country coordinating committee and business risk management committee, and other management body(ies). Key Activities Compliance Risk Culture:
Stakeholder Support and Relationships: Developing senior management relationships, including with legal entity management focus, inclusive of non-executive directors (where they exist in the jurisdiction), and the CCO as well as product functional and entity/service center line management. Informing senior management and directors of subsidiary boards, and the country/business management of significant compliance matters that require their attention or action. Proactively anticipate and help the business and functions plan for changes in the compliance and regulatory environment in the country. Provide support to compliance programs and country/business management on policy interpretation and “gray area” exposures. Build and maintain strong relationships with other functional leads, including Legal, Risk Management, including Operational Risk Management, and Internal Audit to create a supportive and seamless compliance and ethical control culture and an appropriate conduct risk environment. Key Activities Processes and Activities:
Regulatory Management and Coordination: Supporting the Citi Country Officer (CCO) in the management and development of regulatory relationships. Coordinating as the key interface with regulators on compliance risk management issues and supervisory exam management matters. Providing same day notification of regulator correspondence to Citi Compliance Officer, Regulatory Liaison and Exam Management CCO and ICRM COO. Providing leadership, coordination and regular interaction with the [insert country] authorities on behalf of ICRM and the Citi franchise. Record regulator correspondence and minutes of regulator meetings on Citi system in line with the Global Regulatory Exam Management Governance and Process Standards. Ensuring prompt recording of, responses to, and escalation of regulatory queries, notices of violations and breaches, any forbearance, and concerns identified. Deliver to regulators and supervisors a valued interactive program of support and assurance in accordance with requirements and appropriate expectations on compliance issues, trends, themes, root cases and impacts relating to governance, regulatory risk management and internal control issues. The overall objective is to earn the regulator’s trust and to establish a strong, independent and professional regulatory relationship across the franchise.
Regulatory Inventory: Ensuring prompt identification, logging in, evaluation and formulation of a plan to address requirements arising from new and amended laws, regulations, rules and other requirements and expectations from regulatory and enforcement authorities.
Regulatory Change Management and Controls: Ensuring that the regulatory change management requirements and processes, along with the regulatory control framework for existing requirements, are effectively operating within the country with respect to the identification, impact assessment and implementation of all applicable laws, regulations, rules and related processes, controls and reporting that impact Citi activities in the jurisdiction.
Anti-Money Laundering Compliance Risk Management (ACRM): Providing strategic direction, oversight, coordination and cooperation in respect of the country’s Anti-Money Laundering compliance risk management program. Partner closely and with the Head of ACRM to ensure a strong linkage between ICRM and ACRM.
Independent Compliance Risk Management (Program and Product/Service/Function focused*): Providing direction and oversight in supporting the ICRM teams in the country related to local requirements and the applicable extraterritorial laws, regulations, relevant Citi policies, standards, and global procedures. Deliver consistent application of program procedures and be accountable to program owners consistent with the ICRM methodology and CRM Framework. *Programs include but are not limited to: Sanctions
Anti Bribery

Fulltime

Compliance Independent Assessment Director

Citi

Location:
United Kingdom , London

Category:
-

Contract Type:
Employment contract

Salary:

Job Description:

Job Responsibility:

Requirements:

Additional Information:

Job Posted:
May 02, 2025

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Compliance Independent Assessment Director

Citi

Location:United Kingdom , London

Category:-

Contract Type:Employment contract

Salary:

Job Description:

Job Responsibility:

Requirements:

Additional Information:

Job Posted:May 02, 2025

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