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Compliance Product Officer – ICG ICRM Enterprise Compliance Risk Management (VP)

Job ID 20233827 Primary Location New York, New York; Job Category Compliance and Control
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Serves as a function/business/product compliance risk officer for 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 design 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 ICRM program solutions that meet the function/business/product 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 the supported function/business/product and guidance on function/business/product rules/laws and interpretation on internal policies and procedures.

Key activities include:

  • Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
    • Manage the day to day planning and execution of the global Institutional Client Group (ICG) ICRM Manager's Control Assessment (MCA), which consists of 7 global Assessment Units (AUs) and 450+ controls.
    • Act as the liaison between the Global ICRM MCA Architect and the ICG ICRM AU Owners and Coordinators in order to facilitate compliance with Operational Risk Management’s (ORM’s) MCA standards, procedures and requirements.
    • Support AU Owners and Coordinators with the execution of the quarterly ICG ICRM MCA process, which includes monitoring key controls, assessing control effectiveness, mapping issues, preparing quarterly AU reports; and obtaining senior management sign-off on residual risk results.
    • Support AU Owners and Coordinators with the execution of the annual ICG ICRM MCA process including performing inherent risk assessments, assessing control and monitoring design, performing completeness reviews, and preparing for annual risk assessment meetings with the ICG Chief Compliance Officer. 
    • Implement and manage control dependencies with the first line of defense and ICRM country assessment units, as needed, and prepare supporting controls performance reports.
    • Actively participate in ICG ICRM MCA related remediation identified by regulators, Operational Risk Management and ICRM Assurance functions.
    • Train new Assessment Unit Owners and Coordinators on the ICRM MCA process and tool.
    • Represent ICG ICRM in MCA related working group and governance forums.
  • 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 Enterprise Compliance Risk Management.
  • Assisting in the development and administration of Compliance training for Enterprise Compliance Risk Management.
  • Additional duties as assigned.

Qualifications:

  • 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
  • Highly motivated, strong attention to detail, team oriented
  • Strong decision making and problem solving skills
  • Ability to quickly adapt to changing priorities, and ad hoc requests with extremely tight deadlines
  • Prior experience with risk assessments a plus
  • Strong technical aptitude, including proficiency with data and in MS Office applications (particularly Excel, Word, PowerPoint)

Education:

  • Bachelor’s degree; experience in compliance, legal or other control-related function in a financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; strong working knowledge of risk assessments; 8-10 years’ experience; Advanced degree preferred.

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Job Family Group:

Compliance and Control

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Job Family:

Product Compliance Risk Management

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Time Type:

Full time

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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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