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The candidate will be a key member of In-Business Risk in Citi Global Markets. In-Business Risk is mandated to establish and maintain a robust first line of defense designed to minimize risk within the business including leading critical control initiatives to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks. The Volcker Rule Office (VRO) is a first line function which provides overall coordination and monitoring in support of Citi’s Volcker Compliance Program. Responsibilities include monitoring and maintenance of the central control framework as well as coordinating engagement with Citi’s lines of defense. The VRO works closely with the Businesses, Independent Risk Management, Compliance, Legal, Finance, and others. The team oversees operation of key processes and controls for the firm including the following areas: Desk structure, Desk mandates, trading / hedging strategies, products, limits, covered funds and metrics reporting to the Volcker Regulators. As a member of the Volcker Rule Office, you will deliver integrated solutions supporting Citi’s global Volcker Rule compliance program among other regulatory deliverables.
Job Responsibility:
Responsible for the successful delivery of projects and BAU activities in line with overall Markets In Business Risk book of work on the Volcker Rule Program
Partner with key stakeholders to monitor changes in business activity
Assess any Volcker implications and support the business in ensuring Volcker compliance requirements are met on an ongoing basis
Project manage and deliver key changes across a number of Trading Desks and Business Units, engaging functions including Risk, Legal, Finance and Compliance
Partner with Technology teams to develop sustainable solutions supporting the Volcker Program including enhanced controls and streamlining/automation initiatives
Identify, prioritize and proactively manage Volcker compliance dependencies, risks, exceptions and issues
Represent the Volcker Rule Office in communications with internal control functions regarding Annual Volcker Independent Testing, Internal Audit reviews, and assist in external regulatory examinations of the VRO to demonstrate ongoing compliance with the Volcker Rule