Director, Compliance Independent Assessment - Equities and Spread Products - C15 (Jersey City)

• Serves as a senior compliance risk manager for Independent Compliance Risk Management (ICRM)s Compliance Independent Assessment (CIA) Team responsible for assessing significant compliance risks and controls implemented by the global Markets Business;
• serves as global product lead , managing the engagement with Senior stakeholders across all lines of defense and overseeing CIA activities (testing and monitoring) covering Equities and Spread Products within Markets Business 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 :

• Overseeing the development, implementation, and execution of the compliance independent assessment activities globally with strong collaboration with global Markets Product Compliance senior management in accordance with CIA Plan.
• Directing the planning, execution, and reporting of compliance independent assessment reviews and compliance and regulatory issue validation activities for the Equities and Spread Products sub-businesses within Markets business and legal entities globally in accordance with CIA Plan.
• Managing a team or multiple teams of Compliance professionals. Developing, attracting, and retaining talent; recommending staffing levels required to carry out the units role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs.
• Assisting in the development of a robust CIA Plan to monitor for compliance with rules, laws, and regulations.
• Developing a valued interactive program of support and testing that provides regulators and stakeholders insight into compliance trends, themes, issues, and root causes.
• Developing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Significant Compliance Risks across businesses and products, legal entities and jurisdictions, providing stakeholders with insight and practical solutions to improve the control culture and environment across Citigroup.
• Defining resource requirements and budgets for CIA projects.
• Serving as a Product Lead and Owner for complex reviews, analyze report findings, and recommend appropriate interventions where needed.
• Identifying and evaluating emerging risks and present findings to CIA Leadership, ICRM Markets Leadership, Markets Business Management and Risk and Control forums.
• Analyzing and providing credible challenges to teams assessment of the control environment (of relevant assessment units), including Managers Control Assessments (MCA), Internal Audit Assessments (and related control metrics such as on-time remediation, Reopens, and MCA effectiveness), Regulatory Issues (and its metrics), CIA Results, and Legal Matters.
• Participating in discussions with the firms regulators in connection with inquiries, inspections, and exams.
• Participating in the development and enhancement of the CIA Methodology and Standards for auditing, testing, and reporting with significant compliance risk focus.
• Providing regulator briefings as necessary and insight to the State of Compliance Report as needed.
• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications :

• 15+ years of experience, including 10+ years' managerial experience of large teams
• Extensive global markets compliance and audit related experience (Equities and Spread products primarily), and strong knowledge of business processes and IT technologies utilized in the Financial Services Industry including advanced level of data analytics
• Possess strong project management, budgeting, and interpersonal skills, makes sound decisions, and exhibit initiative and intuitive thinking
• Executive presence and a reputation for driving global strategies, building new teams, building strong relationships with stakeholders and leading teams, both direct reports and in peer / influence models.

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

• Solid understanding of rules, laws, and regulations, and specific regulatory requirements impacting financial services and global Markets business, as required
• Proven experience in leading transformational change, in influencing geographically dispersed teams of world-class professionals and in implementation of cost effective and technology enabled innovative solutions in compliance monitoring, testing, and reporting
• Effective negotiation skills, a proactive and no surprises approach in communicating issues, and strength in sustaining independent views.
• Excellent communication skills in interacting with non-executives, executive management, regulators, and across a number of business lines and control functions
• Effective persuasion skills, the ability to work effectively at the highest levels of the organization, and networking and influencing skills.

This person will be comfortable acting as an agent for positive change with agility and flexibility

• Proven track record in preparing and presenting formal written reports to Audit Committee, Compliance Committee, Board of Directors, and C-Suite Management.
• Willingness to travel domestically and internationally
• Highly motivated, strong attention to detail, team oriented, organized
• Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Experience in the design and implementation of Compliance programs
• Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions;

drive to resolution with senior stakeholders

• Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
• Experience with and previous exposure to internal or external control functions and regulators (incl. the US)
• Ability to challenge business management and escalate issues when appropriate
• Strong track record of effectively assessing and managing competing priorities
• Experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations
• Comfortable acting as an agent for positive change with agility and flexibility
• Subject matter expertise in complex Markets products and regulations

Education :

• Bachelor's degree, Master's degree preferred
• Professional Qualification in Compliance / Audit
• Extensive global experience in compliance, legal or audit in the financial services firm, regulatory organization, or legal / consulting firm, or a combination thereof;

extensive global experience in Markets; previous extensive experience managing diverse global teams

Professional Qualifications / Certifications in Regulatory Compliance preferred

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 :

Jersey City New Jersey United States

Primary Location Full Time Salary Range :

$170,000.00 - $300,000.00

In addition to salary, Citis 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 citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date :

Oct 20, 2024

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