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Career Opportunity

Network Management – Regulatory Manager

Locations: Budapest, Budapest Job Function: Risk Management Employee Status: Regular Job ID: 20198170

The Regulatory Oversight Manager is a strategic professional in global Bank Network Management group to deliver on regulatory obligations for protection of client assets which is critical for the Prime, FCC and Sales & Trading businesses.  The Regulatory Manger leads a team of Regulatory Associates that perform ongoing monitoring activities of Sub-Custodian and Client Money banks on behalf of Citi’s broker dealer entities.


  • Manage the annual due diligence program of client asset providers and regulatory letter controls required under FCA CASS, AIFMD, CFTC, SEC, MAS, SFC.
  • Work closely with BNM Regulatory Experts to manage regulatory changes that impact the global Bank Network Management group; understanding requirements, establishing procedures, communicating impact to stakeholders
  • Partnering with Businesses, Legal, Global Compliance teams and the EMEA Client Assets Oversight Office to review, assess and implement processes ensuring adequate governance and controls relating to the protection of Client Assets.
  • Coordinate Regulatory Internal and External Audits/Reviews
  • Oversight of all Regulatory documentation ensuring integrity of data and adherece to record rention requirements
  • External contact with Banks, Depositaries, Auditors.
  • Ongoing review and development of current processes to enhance controls and increase efficiency.
  • Provide support and guidance to Senior Network Managers and Correspondant Bank Risk Officers.
  • Involvement in new system implementations and working with Technology on enhancements to existing system
  • Perform risk and control self-assessment
  • Complete additionally any other tasks in connection with the role but not detailed in the current job description, charged by the direct manager, supervisor, or the functional head.

People Management Responsibilities

  • Leading a team of Regulatory Associates that perform ongoing monitoring activities of Sub-Custodian and Client Money banks to support protection of client assets on behalf of Citi’s broker dealer entities.
  • Establish department goals & Monitor employee performance;  Provide training and coaching
  • Coordinate department deliverables and Drive projects to completion

Knowledge and Experience

  • A good working knowledge of the FCA CASS Rules, MiFID, AIFMD, SEC, CFTC, MAS, SFC and Third Party Management.
  • Clear understanding of the securities settlement process & custody operations, cash management/services, foreign exchange, payments and derivatives (including futures) is required. 
  • Experience with managing relationships, documentation & the corresponding regulatory obligations are a must.
  • At least Intermediate level of English language knowledge, Advanced level is an advantage


  • Ability to interpret regulatory requirements and implement procedures & guidelines
  • Professional and assertive communication
  • Intellectual curiosity & agility, strong work ethic
  • Problem-solving creativity and Strategic thinker
  • Highly motivated, able to work independently, self-starter, able to prioritize
  • Project management skills and ability to multi-task
  • Experience with facilitating large change initiatives
  • Experience working within a large global matrix organization structure
  • Advanced knowledge of MS Excel and other Office products

Qualifications / Education

The ideal candidate must have a BA/BS plus 10-15 years of experience in the international securities industry (in Regulatory/Control, Network Management, Securities/Custody Operations, Custody/Clearance Sales or Relationship Management).


Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - HU


Time Type :Full time


Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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