Compliance Independent Assessment Director

The Compliance Independent Assessment Senior Manager serves as a senior compliance risk analyst manager who is responsible for overseeing the Independent Compliance Risk Management (ICRM)’s Compliance Independent Assessment team that is responsible for assessing the first line of defense's significant compliance risks and for providing governance and oversight of compliance with Laws, Rules, and Regulations. This person will oversee the work that is performed through independent assessment activities (testing and monitoring) to evaluate the design and/or performance of business processes and/or controls, to conclude on the severity of underlying compliance risks; 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:

• Overseeing the development, implementation, and execution of the Compliance Independent Assessment (monitoring and testing) programs within an assigned area/function in accordance with the Compliance Independent Assessment Plan.
• Directing the planning, execution, and reporting of compliance monitoring and testing assessment activities and compliance and regulatory issue validation activities for a component of a product line or function, or legal entity within an assigned area in accordance with the Compliance Independent Assessment Plan.
• Managing a team or multiple teams of Compliance professionals. Developing, attracting, and retaining talent; recommending staffing levels required to carry out the unit’s role and responsibilities effectively while establishing and adhering to talent management processes and compensation and performance management programs.
• Assisting in the development of a robust Compliance Independent Assessment Plan to assess significant compliance risks and monitor for compliance with rules, laws, and regulations.
• Developing a valued interactive program of support and testing that provides regulators and stakeholders’ insight into compliance trends, themes, issues, and root causes.
• Developing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Significant Compliance Risks across businesses and products, legal entities and jurisdictions, providing stakeholders with insight and practical solutions to improve the control culture and environment across Citigroup.
• Defining resource requirements and budgets for Compliance Independent Assessment projects.
• Serving as owner for complex compliance assessment activities, analyze report findings, and recommend appropriate interventions where needed.
• Identifying and evaluating emerging risks and present findings to Compliance Independent Assessment function leadership.
• Analysing and providing credible challenges to team’s assessment of the control environment (of relevant assessment units), including Manager’s Control Assessments (MCA), Internal Audit Assessments (and related control metrics such as, on-time remediation, Reopens, and MCA effectiveness), Regulatory Issues (and its metrics), Compliance Independent Assessment Results, and Legal Matters.
• Participating in discussions with the firm’s regulators in connection with inquiries, inspections, and exams.
• Participating in the development and enhancement of the Compliance Independent Assessment Procedures for auditing, testing, and reporting with compliance risk focus.
• Providing regulator briefings as necessary and insight to the State of Compliance Report on a quarterly basis to the Audit Committees of Citigroup and Citibank.

Qualifications:

• Extensive experience in both technical Compliance space and in managerial position
• Extensive global compliance and audit related experience, and strong knowledge of business processes and IT technologies utilized in the Financial Services Industry
• Possess strong project management, budgeting, and interpersonal skills, makes sound decisions, and exhibit initiative and intuitive thinking
• Executive presence and a reputation for building strong relationships with stakeholders and leading teams, both direct reports and in peer/influence models. Effectiveness in working within a large scale and complex matrix organization is essential
• Solid understanding of rules, laws, and regulations, and specific regulatory requirements impacting financial services and [insert product, function, legal entity or regional nature of role as required]
• Proven experience in leading transformational change, in influencing geographically dispersed teams of world-class professionals and in implementation of cost effective and technology enabled innovative solutions in compliance monitoring, testing, and reporting
• Effective negotiation skills, a proactive and “no surprises” approach in communicating issues, and strength in sustaining independent views.
• Excellent communication skills in interacting with non-executives, executive management, regulators, and across a number of business lines and control functions
• Effective persuasion skills, the ability to work effectively at the highest levels of the organization, and networking and influencing skills. This person will be comfortable acting as an agent for positive change with agility and flexibility
• Proven track record in preparing and presenting formal written reports to Audit Committee, Compliance Committee, Board of Directors, and C-Suite Management.
• Willingness to travel domestically and internationally
• Highly motivated, strong attention to detail, team oriented, organized
• Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Experience in the design and implementation of Compliance 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 businesses
• Experience with and previous exposure to internal or external control functions and regulators (incl. the US)
• Ability to challenge business management and escalate issues when appropriate
• Strong track record of effectively assessing and managing competing priorities
• Experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations
• Comfortable acting as an agent for positive change with agility and flexibility
• Subject matter expertise in area of focus

Education:

• Bachelor's/University degree, Master's degree preferred

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