Compliance Independent Assessment Officer - VP (2)

Serves as a compliance risk officer for Independent Compliance Risk Management (ICRM)’s Compliance Independent Assessment (CIA) team responsible for assessing compliance risks and controls implemented by the first and second line of defense.

Also responsible for performing risk assessments of Citi's compliance risks; performing independent testing / monitoring activities (testing and on-going monitoring) to assess the design and effectiveness of key controls designed to address compliance risk;

reporting and escalating control issues and any violations of laws or breaches of policy; and validating adequacy of remediation taken to address reported issues.

Key Activities include :

Developing, implementing, and executing compliance testing / monitoring, continuous assurance, and reporting programs within an assigned region in accordance with the Compliance Independent Assessment (CIA) Plan.

Participating in the planning, executing, and reporting of compliance testing / monitoring reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity within an assigned area in accordance with CIA Plan.

Analysing and documenting report findings, and having preliminary discussions with corresponding control / process owners.

Assisting with the identification of Significant Compliance Risks via Compliance Risk Assessments, and other internal and external inputs in order to build and refresh the CIA plans for Delegated Controls .

Utilizing innovative compliance testing / monitoring solutions including Data Analytics to increase value and reduce costs of compliance-related activities.

Developing effective relationships within CIA function and with other stakeholders including Business process owners and Internal Audit function.

Identifying industry best practices and share insight with the CIA teams on a regular basis.

Informing CIA management of significant compliance matters that require their attention or action.

Identifying compliance training resources and tools available centrally to support country / business compliance programs training and research needs.

Additional duties as assigned.

Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications :

6-10 years of experience

Experience in planning, executing, and reporting on compliance testing / monitoring reviews and regulatory issue validation activities

Knowledge and extensive experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, monitoring, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities

Understanding of rules, laws, and regulations, and specific regulatory requirements

Strong interpersonal skills for building strong relationships with stakeholders and engaging teams

Effectiveness in working within a large scale and complex matrix organization is essential

Effective negotiation skills, a proactive and no surprises approach in communicating issues, and strength in sustaining independent views

Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions

Willingness to travel

Knowledge of Compliance laws, rules, regulations, risks and typologies

Must be a self-starter, flexible, innovative and adaptive

Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization

Ability to both work collaboratively and independently; ability to navigate a complex organization

Advanced analytical skills

Ability to both work independently and collaborate with team members

Excellent project management and organizational skills and capability to handle multiple projects at one time

Proficient in MS Office applications (Excel, Word, PowerPoint)

Demonstrated knowledge in area of focus

Education :

Bachelor's / University degree, Master's degree preferred

Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal / consulting firm, or a combination thereof;

experience in area of focus; Advanced degree a plus

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Job Family Group :

Compliance and Control

Job Family : Testing

Testing

Time Type : Full time

Full time

Primary Location :

Getzville New York United States

Primary Location Full Time Salary Range :

$92, - $138,

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.

Citi offers competitive employee benefits, including : medical, dental & vision coverage; 401(k); life, accident, and disability insurance;

and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

For additional information regarding Citi employee benefits, please visit Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date :

Sep 01, 2024

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi ) invite all qualified interested applicants to apply for career opportunities.

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