Serves as a Citi Private Bank (CPB) Product Compliance Officer for the Capital Markets business in EMEA under Independent Compliance Risk Management (ICRM) responsible for assisting with internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and de sign and deliver a risk management framework that maintains risk levels within the firm’s risk appetite and protect the franchise.
In addition, engages with the ICRM Product and Function coverage teams, in order to partner to develop and apply CRM program solutions that meet the Global Wealth Management (GWM) EMEA and customer needs in a manner consistent with the Citi program framework.
Primary responsibilities include monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to GWM EMEA and guidance on product rules/laws and interpretation on internal policies and procedures
Responsibilities:
- Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
- Providing guidance on rules and regulations relating to function/business/product operational issues, as well as, provide transactional approvals and interpretation of internal compliance policies.
- Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.
- 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 supported function/business/product.
- Supporting the function/business/product in performing timely compliance reviews of new products.
- Assisting in the development and administration of Compliance training for the supported function/business/product.
- Researching any new reform rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules.
- 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.
Additional duties as assigned, which includes the following responsibilities:
- Regular review and analysis of regulatory change. Specifically assessment of regulatory change items likely to impact the CPB EMEA Capital Markets business. Conducting initial impact analysis, preparing briefing communications as appropriate, working with business and functional stakeholders as directed to agree a business solution and implementation plan. Keeping abreast of EEA, UK and Switzerland requirements likely to impact the CPB EMEA Capital Markets business.
- Review audit findings, evaluate the business’ corrective action plans to deal with those issues and monitor progress made in dealing with the issues.
- Undertake ad-hoc reviews, projects or investigations as required.
- Where required provide support, oversight and training for Product Compliance and Compliance Monitoring teams in respect of CPB EMEA Capital Markets related items as required.
- Creating training materials in response to regulatory change and direct liaison with the training teams to identify target employee training population.
- Oversight of ICRM Capital Markets MIS, including KRIs, Dashboard, regulatory examinations.
- Complete annual assessment of the ICRM Risk Assessment .
Qualifications:
- Strong understanding Capital Markets Investment Products, including but not limited to Equities, Fixed Income, FX, ETFs, Structured Products and Derivatives.
- 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
- Strong written and verbal communication and interpersonal skills
- 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
- Relevant certifications desirable
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 function/business/product supported and the related operations and financial requirements; Advanced degree preferred
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