SVP, Compliance Product Sr Officer - Swap Dealer Compliance - C14 (New York)

The Swap Dealer Compliance Senior Vice President will serve as a key contributor on the team responsible for coordinating Citi’s global Swap Dealer and Security-Based Swap Dealer Independent Compliance Risk Management (ICRM) program.  The individual will serve as a senior swap dealer compliance risk officer for (ICRM) responsible for establishing 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, the individual will engage with the ICRM product and function coverage teams, in order to partner to develop and apply ICRM program solutions that meet the swap dealers’ and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors, providing day-to-day Compliance advice relating to operations, financial requirements, and guidance on the supported swap dealers and the associated regulatory rules/laws and interpretation on internal policies and procedures.

Responsibilities:

• Assisting in coordinating Citi’s global Swap Dealer and Security-Based Swap Dealer ICRM program.
• Participating in Citi’s responses to external regulatory examinations and inquiries from the SEC, CFTC, NFA, SEFs, SBSEFs, and other regulators as well as to internal reviews from testing and audit.
• Advising the business and control functions on current and future SEC, CFTC, and NFA regulations and rules promulgated pursuant to Title VII of the Dodd-Frank Act as well as other industry news and developments including regulatory findings.
• Providing key information updates to Citi’s Swap Dealer Chief Compliance Officers and other senior stakeholders though established governance routines and ad hoc reporting.
• Assisting in creating and updating policies, procedures, and trainings for Citi’s Swap and Security-Based Swap Dealer Associated Persons and other support functions.
• Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices for ICRM. Translates ICRM strategy and goals across Citi’s clients, products and geographies in a succinct and clear manner; provide direction and guidance on the programs.
• Serving as a subject matter expert on Citi’s Compliance programs. Provides expert guidance on function/business/product regulations on a real-time basis to manage compliance risk.
• Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to the supported function/business/product.
• Advising ICRM and function/business/product management and personnel on regulatory and compliance issues and provide credible challenge.
• Participating in industry groups and trade association working groups or other forums.
• Leading initiatives and managing high-impact special project work streams with a results-driven focus to deliver solutions, including coordinating the implementation of new regulatory requirements.
• Designing and lead compliance and control reviews.
• Partnering with other ICRM teams and global functions, including Legal, Risk, Operations and Technology, and Finance to prevent and detect non-compliance issues and promote a culture of compliance.
• 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.
• Additional duties as assigned.

Qualifications:

• Expertise of SEC, CFTC, NFA, SEF, and SBSEF regulations and rules promulgated pursuant to Title VII of the Dodd-Frank Act \Compliance laws, rules, regulations, risks and typologies;
• Experience in compliance, legal, or other control-related functions in the financial services industry; at regulatory organizations; or at legal/consulting firms.
• Excellent written, verbal and analytical skills
• Must be a self-starter, flexible, innovative and adaptive;
• Highly motivated, strong attention to detail, team oriented, organized
• Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Ability to work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level
• Experience in managing regulatory exams and relationships with examiners, auditors, etc.
• Awareness of regulatory requirements including local and US laws, international and industry standard
• Advanced knowledge in area of focus
• Related certifications desirable

Education:

• Bachelor’s degree; 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; strong working knowledge of function/business/product and the related operations and financial requirements; previous experience managing a diverse staff;
• J.D., MBA, or other advanced degree preferred.

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

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