VP, Compliance Testing Officer – Commercial Banking (Hybrid)

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

• Citi’s Independent Compliance Risk Management (ICRM) is an independent control function that provides guidance and challenge to the firm, managing compliance risk and promoting behavior that is consistent with Citi’s mission.

We’re currently looking for a high caliber professional to join our team as Vice President, Compliance Testing Officer - Commercial banking - C13 - Hybrid (Internal Job Title: Compliance Testing Officer - C13) based in Taguig City, Philippines.Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

• We empower our employees to manage their financial well-being and help them plan for the future.

• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

In this role, you’re expected to:

Serves as a compliance risk officer for Independent Compliance Risk Management (ICRM)’s Compliance Independent Assessment (CIA) team responsible for assessing compliance risks and controls implemented by the first and second line of defense. Also responsible for performing risk assessments of Citi's compliance risks; performing independent testing/monitoring activities (testing and on-going monitoring) to assess the design and effectiveness of key controls designed to address compliance risk; reporting and escalating control issues and any violations of laws or breaches of policy; and validating adequacy of remediation taken to address reported issues.

Responsibilities:

• Developing, implementing, and executing compliance testing/monitoring, continuous assurance, and reporting programs within an assigned region in accordance with the Compliance Independent Assessment (CIA) Plan.

• Participating in the planning, executing, and reporting of compliance testing/monitoring reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity within an assigned area in accordance with CIA Plan.

• Analyzing and documenting report findings, and having preliminary discussions with corresponding control/process owners.

• Assisting with the identification of Significant Compliance Risks via Compliance Risk Assessments, and other internal and external inputs in order to build and refresh the Compliance Independent Assessment (CIA) plans for Banking Controls.

• Utilizing innovative compliance testing/monitoring solutions including Data Analytics to increase value and reduce costs of compliance-related activities.

• Developing effective relationships within Compliance Independent Assessment (CIA) function and with other stakeholders including Business process owners and Internal Audit function.

• Identifying industry best practices and share insight with the Compliance Independent Assessment (CIA) teams on a regular basis.

• Informing Compliance Independent Assessment (CIA) management of significant compliance matters that require their attention or action.

• Identifying compliance training resources and tools available centrally to support country/business compliance programs training and research needs.

• 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.

As a successful candidate, you’d ideally have the following skills and exposure:

Qualifications:

• 6-10 years of experience in an Audit, Compliance Testing, Monitoring, Risk Assessment or Legal role, preferably focused in Investment Banking and Corporate Banking

• Experience in planning, executing, and reporting on compliance testing/monitoring reviews and regulatory issue validation activities

• Knowledge and extensive experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, monitoring, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities

• Understanding of rules, laws, and regulations, and specific regulatory requirements

• Strong interpersonal skills for building strong relationships with stakeholders and engaging teams

• Effectiveness in working within a large scale and complex matrix organization

• Effective negotiation skills, a proactive and “no surprises” approach in communicating issues, and strength in sustaining independent views

• Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions

• 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

• 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

Education:

• Bachelor’s degree or equivalent experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus

• Advanced degree a plus

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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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.

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