In-Business Risk 1LOD Regulatory Change Specialist Job at Citi (Budapest)

Job Description

The Regulatory Change Team within the Banking Risk Team plays a crucial role in navigating the regulatory landscape for the Banking & International businesses. We are seeking a proactive and knowledgeable Regulatory Risk Senior Analyst to support the Banking & International Businesses to interpret regulations (sometimes complex), develop practical implementation strategies and partner with stakeholders across Investment, Corporate and Commercial Banking. Sitting within the First Line of Defence, this role partners closely with Regulatory Leads / Subject Matter Experts and Compliance partners to evidence accurate assessment of applicable regulations.

Job Responsibility

Perform Impact Assessments for regulatory changes, promptly addressing the book of work to ensure timely completion of assessments
Where regulatory changes require Action Plans, facilitate closure of these in collaboration with the appropriate stakeholders and implementation task owners
Provide support for preparation of key Regulatory Management reports, including but not limited to, the Regulations Management Forum, Governance reporting, and scorecard analysis
Support design enhancements to, and testing of, the Regulations Management Workflow and Compliance Reporting modules
Use data analysis tools (e.g. Excel, Tableau) to extract and interpret data to support stakeholder queries & issue resolution
Critically review the requirements, and challenge applicability of, regulatory changes for the business
Effectively collaborate and partner with a wide variety of stakeholders to drive discussions within and outside the Regulatory Change Team
Promote knowledge sharing and best practices across the Regulatory Change Team
Escalate to management matters that require their attention or action
Additional duties as assigned

Requirements

Bachelor's degree or equivalent, with a minimum experience of 6 years in a Compliance, Internal or External Audit, Legal or other control-related function in a financial services firm, regulatory organization, legal/consulting firm, or a combination thereof
Excellent communication, interpersonal and analytical skills
Ability to work effectively in a cross-functional team environment
Ability to operate with a limited level of direct supervision
Strong analytical and problem-solving skills
Excellent written and verbal communication skills
Ability to influence and negotiate effectively
Proactive and results-oriented
Strong organizational and time management skills

What we offer

Cafeteria Program
Home Office Allowance (for colleagues working in hybrid work models)
Paid Parental Leave Program (maternity and paternity leave)
Private Medical Care Program and onsite medical rooms at our offices
Pension Plan Contribution to voluntary pension fund
Group Life Insurance
Employee Assistance Program
Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
Flexible work arrangements to support you in managing work - life balance
Career progression opportunities across geographies and business lines
Socially active employee communities with diverse networking opportunities

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In-Business Risk 1LOD Regulatory Change Specialist

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