Vice President (Vp), Non-Financial Risk – Regulatory Change Specialist Job at Citi (Mumbai)

Job Description

The Vice President (VP), Non-Financial Risk - Regulatory Change Specialist, will play a critical role within the Organization's 1st Line of Defense (1LOD) Non-Financial Risk Regulations Management Team. This position is responsible for the proactive identification, monitoring, and assessment of compliance risks associated with Laws, Rules, and Regulations (LRRs) across business lines and functions. The successful candidate will oversee regulatory impact assessments, support the Regulatory Applicability process, and contribute to strengthening the Organization's regulatory compliance framework. This role requires driving risk mitigation strategies, maintaining an aggregated view of NFR compliance risk, and collaborating with NFR specialists and first-line functions to protect the firm from potential regulatory, operational, and reputational risks.

Job Responsibility

Work within a team of 1LOD NFR Regulatory Management specialists to proactively identify, monitor, and assess compliance risks associated with Laws, Rules, and Regulations (LRRs) from local, regional, and global regulatory sources
Support and contribute to the Regulatory mapping and applicability process, ensuring accurate and timely determination of regulatory obligation applicability
Lead the comprehensive impact assessments of new or revised LRRs, evaluating implications on business operations, processes, controls, systems, and risk profiles. Collaborate with business stakeholders and NFR subject matter experts to assess regulatory impact effectively
Participate actively in the annual Horizontal Review Regulatory Architecture program, contributing to assessments of regulatory compliance and identifying gaps, themes, and improvement opportunities
Drive the execution of controls related to regulatory compliance, ensuring alignment with the Organization's policies, standards, and procedures under the Compliance Risk Management Framework
Actively contribute to risk identification, assessment, and reporting activities
Execute and maintain an aggregated view of the NFR compliance risk profile, including assessment of impact in support of strategic and operating goals
Collaborate with relevant NFR specialists, SMEs, and first-line functions to ensure comprehensive regulatory risk management
Participate in relevant working groups and forums to represent the 1LOD NFR Regulations Management Team
Partner closely with 2nd Line of Defense Risk, Compliance, and other functions to ensure a consistent and integrated approach to regulatory risk management
Contribute to driving awareness of the Citi’s regulatory programs on regulatory change management and compliance best practices for business stakeholders

Requirements

Minimum of 6-10 years of experience in Compliance or Operational risk management in the financial services industry
Proven experience in 1st Line of Defense roles with solid understanding of regulatory change management, impact assessment, and compliance risk frameworks
Ability to identify, measure, assess, and manage key regulatory and compliance risks and controls
Proven experience in implementing sustainable solutions, improving processes, and driving regulatory compliance initiatives
Strong knowledge of compliance laws, rules, regulations, and best practices applicable to the financial services industry
Understanding of Citi’s Policies, Standards, and Procedures related to Non-Financial Risk and regulatory compliance
Strong analytical skills to evaluate complex regulatory requirements, assess impact, and integrate data from diverse sources to produce comprehensive analytical outputs
Strong verbal and written communication skills, with a demonstrated ability to engage and influence at the senior management level
Strong problem-solving and decision-making skills, with ability to navigate ambiguity and complexity
Ability to manage multiple tasks, priorities, and concurrent analytical projects while maintaining a high degree of accuracy
Ability to adjust to shifting and competing priorities while maintaining productivity and attention to detail
Proficiency in Microsoft Office suite, particularly Excel
Proficiency in managing large datasets using advanced Excel functions, Tableau, and other data analytical platforms
Self-motivated with intellectual curiosity to stay abreast of modern technological advances, AI tools, and emerging regulatory trends to enhance analytical capabilities
Solid data analytical skills with ability to integrate and analyze complex data from diverse reporting sources, identify key connections, and produce comprehensive analytical outputs
Demonstrated capability to handle multiple, concurrent analytical projects while maintaining a high degree of accuracy
Strong stakeholder management and collaboration skills, with ability to work effectively across diverse teams and geographies
Bachelor's/University degree, Master's degree preferred

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Vice President (Vp), Non-Financial Risk – Regulatory Change Specialist

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