Global Wealth Securities Backed Lending Compliance and Global Wealth Deposits and Lending Operational Risk Management (Hybrid)

Job Description:

Serves as a senior compliance and operational risk manager for Global Wealth Securities Backed Lending (SBL) Independent Compliance Risk Management (ICRM) and Global Wealth Deposits and Lending Operational Risk Management (ORM). Responsible for executing Citi’s ICRM risk framework activities relevant to Wealth SBL and ORM risk framework activities relevant to Deposits and Lending business products offered globally. Activities include establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation, as well as design and delivery of a risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. In addition, establishes and oversees the application of ORM policies, technology and tools, and program governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks for Global Wealth Deposits and Lending businesses.

Responsibilities:

• Provide compliance product coverage to Global Wealth SBL business. Provide compliance guidance on SBL rules and regulations relating to operational issues, transactional approvals, and the application of internal compliance policies for day-to-day activities.
• Establish and oversee the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks for Global Wealth Deposits and Lending businesses including:
  • independently assess risks and drive actions to address the root cause(s) that persistently lead to operational risk loss(es) by challenging both historical and proposed practices.
  • governance and oversight which may include (yet not limited to) technology operational risk and cyber risk.
• Direct the design, development, delivery, and maintenance of best-in-class Global Wealth SBL Compliance, programs, policies, and risk management practices for ICRM. Translate ICRM strategy and goals across Citi’s clients, products, and geographies; provides direction and guidance on the programs.
• Provide oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other stakeholders. Provide advice to Global Wealth SBL program stakeholders 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.
• Represent Citi on critical regulatory and operational risk management matters as required. Serve as liaison with regulatory examiners, Internal Audit, and external auditors on critical Compliance issues and oversees the implementation of related remediation. Collaborate 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 Global Wealth Deposits and Lending businesses.
• Support the Global Wealth SBL business in performing timely compliance and Global Wealth Deposits and Lending ORM reviews of new transactions and/or products.
• Assist in the development and administration of Compliance and ORM training for the assigned Global Wealth Deposits and Lending stakeholders.
• Oversee the monitoring and identification of regulatory and operational risk developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to the Global Wealth Deposits and Lending businesses.
• Analyze and scope the impact including applicability of new and complex regulatory developments across the assigned Global Wealth SBL Product, including cross-border impact.
• Assist in the establishment of ICRM and ORM policies, procedures, and controls to comply with these new or changed laws and regulations.
• Appropriately assess compliance and operational risks when Global Wealth Deposits and Lending 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.
• Participate in industry groups and trade association working groups or other forums.
• Additional duties as assigned.

Qualifications:

• Highly motivated, strong diligence, collaborative, organized.
• Excellent written, verbal, and analytical skills
• Effective communication and people 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 Lending Compliance laws, rules, regulations, risks, and appropriate controls
• Demonstrated ability to analyze operational risk challenges into core issues and root causes that can be more readily addressed.
• Experience in the design and implementation of Compliance and Operational Risk 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 to prompt identified compliance or operational risk reporting and remediation.
• 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 securities backed financing including origination of purpose and non-purpose lending in accordance with Regulation U and Regulation T.
• Experience in Wealth securities backed finance lending.

Education:

• 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; strong working knowledge of the assigned function/business/product and related laws and regulations, previous experience managing a diverse staff; Advanced degree preferred.

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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 citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

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