Serves as a senior business & product compliance risk manager for Independent Compliance Risk Management (ICRM) coverage of the U.
S. Citigold / CPC business segment within Wealth, as well as insurance and brokerage product offerings. This role is responsible for establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and delivery of a risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise.
In addition, engages with the ICRM partners in Compliance Assurance, Surveillance, Licensing & Registration and other ICRM centralized teams, in order to partner to develop and apply ICRM program solutions that meet the business / product and customer needs in a manner consistent with the Citi program framework in Citis Wealth functions.
Responsibilities :
- Providing compliance coverage to the U.S. Citigold / CPC organization, with a focus on the execution of ICRM program activities, including monitoring programs, training, policy documents, sales practice conduct, and regulatory changes.
- Provides compliance guidance on rules and regulations relating to Retail Sales of Non-Deposit Investment Products (RNDIP), including Reg BI, FINRA Rules, the Investment Advisers Act and State Insurance Regulations.
Provide Transactional advisory operational issues, transactional approvals and the application of internal compliance policies for day-to-day activities.
Managing a team 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.
Mentoring and developing junior staff.
Directing the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
Translates ICRM strategy and goals across Citis clients, products and geographies; provides direction and guidance on the programs.
- Staying abreast of relevant changes to rules / regulations and other industry news including regulatory findings.
- Providing oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other stakeholders.
Provides advice to the function / business / product on an ongoing basis on new initiatives, new products, acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client / transaction-related compliance escalations.
Representing Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Compliance issues and oversees the implementation of related remediation.
Collaborating with other internal areas including : Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the assigned business / product / function.
- Supporting the function / business / product in performing timely compliance reviews of new transactions and / or products.
- Managing ICRM initiatives as required, such as the implementation of new Compliance systems, controls, and related project management work efforts.
- Assisting in the development and administration of Compliance training for the assigned business / product / function.
- Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to the business / product / function supported.
- Analyzing and scoping the impact including applicability of new and complex regulatory developments across the assigned business / product / function, including cross-border impact.
- Assisting in the establishment of ICRM policies, procedures and controls to comply with these new or changed laws and regulations.
- Participating in industry groups and trade association working groups or other forums.
- Additional duties as assigned
- Appropriately assess risk when business decisions are made and communicate credible challenge to inform those decisions, 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 :
- Highly motivated, strong attention to detail, team oriented, organized
- Excellent written, verbal and analytical skills
- Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
- Ability to interact and communicate effectively with senior leaders
- Significant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controls. Knowledge of both United States brokerage and consumer related laws is required, including, but not limited to Brokerage laws / regulations such as the 40 Act, Regulation BI, ERISA, Regulation 9, and OCC RNDIP requirements and consumer specific laws / regulations including, but not limited to : Regulation E, Regulation R, Privacy regulations and the Americans with Disabilities Act.
- 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 Business / Function
- Experience with and previous exposure to internal or external control functions and regulators
- Ability to challenge Business / Function management and escalate issues when appropriate
- Strong track record of effectively assessing and managing competing priorities
- Comfortable navigating complex, highly-matrixed organizations
- Comfortable acting as an agent for positive change with agility and flexibility
- Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
Strong presentation and relationship management skills are essential
Subject matter expertise in area of focus
Education :
- Bachelors 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;
- strong working knowledge of the assigned function / business / product and related laws and regulations, previous experience managing a diverse staff;
Advanced degree preferred
Investment licensing, legal licensing, or related certifications desirable covering either consumer regulations (e.g., CRCM) are preferred.
Job Family Group :
Compliance and Control
Job Family :
Product Compliance Risk Management
Time Type : Full time
Full time
Primary Location :
Fort Lauderdale Florida 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 :
Jul 17, 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.
If you are a person with a disability and need a reasonable accommodation to use our search tools and / or apply for a career opportunity review Accessibility at Citi .
View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting
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