Regulatory Requirements and Obligations Identification Lead

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in legal, compliance, audit and risk management to Citi’s Legal Regulatory Requirements and Obligation (RRO) Team. By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. This is an exciting opportunity to join a team with regional and global footprint in a global banking environment. The role will give the candidate the opportunity to expand knowledge of Middle East and Africa’s (MEA) / EU financial services regulations and make a significant contribution to key deliverables of the team. Identification Lead/RCA is a critical role to deliver applicable laws, rules regulations to be assessed for applicability and actions. The Regulatory Change Identification Lead (“ID Lead”) will serve as the primary responsible party for monitoring Regulatory Changes (“RCs”) issued by regulatory authorities as defined in RM Scope in the RM Procedures in Middle East and Africa cluster. ID Leads will identify RCs through multiple channels including, but not limited to, monitoring websites, direct email notification from a regulator, and paper correspondence. Further, ID Leads will work with a third-party subscription service/vendor (via a law firm or aggregator services) to review the RCs identified by the vendor in the External Source Intake queue for assignment for applicability determinations. Upon identification of an RC, ID Leads will create RC records. In instances where an ID Lead is also the RCA (non-NAM jurisdictions), the ID Lead will preliminarily assess the RC to identify Assessment Units (“AUs”) that may be impacted by the RC and the associated ICRM Regulation Coverage Leads. For RCs categorized as potential extra-territorial regulations (“ETRs”), the RC will automatically route to the Global ETR RCA Unit (managed by 2nd Line of Defense) and will be assigned to the Global & appropriate Regional RCA for review at an ETR Governance Forum. The output of the forum will include a determination if the RC is an ETR and guidance on how to interpret applicability which will be appended to the RC record for reference. The ID Lead will be responsible for applying the confirmed ETR Flag to the RC record, while the ETR Coordinator for the respective RC will assign the RC to the impacted RCA units for AU assignment based on the ETR Guidance material. Role covers multiple jurisdictions and hence requires other language skills (in addition to English) like French, Russian/Ukrainian.