Senior Regulatory Oversight Officer

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Job Overview

Join our Citi Bank Network Management Team in Budapest and make your own progress in a supportive and friendly environment!

To provided support to the Bank Network Management team who are responsible for managing agent bank relationships supporting Citi business.

Global Bank Network Management (BNM) is part of the SMB&IC Operations &Technology (O&T) Division. BNM provides best in class banking services to our business partners and clients, while strengthening regulatory compliance, governance, and control over Citi owned bank accounts. BNM global functions include: Relationship Management, Regulatory, Bank Expense Optimization, Bank Signatory Management, and Third Party Risk and Internal Control.

The Senior Regulatory Oversight Officer role within the Network Management group is primarily responsible for coordinating the monitoring and oversight activities of the Sub-Custodian and Client Money bank relationships, ensuring robust controls are in place to deliver compliance with global client asset protection regulations.

Job Background:

SMB&IC Bank Network Management is part of O&T Division, Key relationships are with the global agent bank and custody service providers, Equities, Prime Finance, Fixed Income, Finance Regulatory, Legal & Compliance, Global Treasury, SMB&IC Product Team, etc. The position will report locally into the EMEA/APAC head of SMB&IC Network Management and Head of Regulatory Control.

The Senior Regulatory Oversight Officer 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 Senior Regulatory Oversight Officer provides support to Regulatory Associates that perform ongoing monitoring activities of Sub-Custodian and Client Money banks on behalf of Citi’s broker dealer entities.

Responsibilities:

• 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 adherence to record retention 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
• Provide support and guidance to Regulatory Associates who 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.
• Work closely with Global Regulatory Head to establish department / individual goals & assist in providing feedback on employee performance for the Regulatory Associates Team;  Provide support in providing training and coaching where necessary
• Provided Matrix Support to Global Regulatory Head in providing local administration requirements
• As a Senior Regulatory Oversight Officer co-ordinate department deliverables and Drive projects to completion

Ideal background:

• Excellent written and verbal communication skills in English
• 10-15 years of relevant experience
• College / University Degree
• Strong working knowledge of the FCA CASS Rules, MiFID, AIFMD, SEC, CFTC, MAS, SFC and Third-Party Management
• Experience with Regulatory Change Management is a must
• 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
• Ability to work on large scale complex projects
• Expertise in creating and implementing processes that result in improved business performance
• Ability to interpret regulatory requirements and implement procedures & guidelines
• 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
• Advanced knowledge of MS Excel and other Office products

What we can offer you:

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program
• Home Office Allowance (for colleagues working in hybrid work models)
• Paid Parental Leave Program (maternity and paternity leave)
• Private Medical Care Program and onsite medical rooms at our offices
• Pension Plan Contribution to voluntary pension fund
• Group Life Insurance
• Employee Assistance Program
• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
• Flexible work arrangements to support you in managing work - life balance
• Career progression opportunities across geographies and business lines
• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities!

#LI-JT1

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Job Family Group:

Operations - Core

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Job Family:

Operations Support

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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