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Compliance Testing Officer - VP Wealth

Job Req ID 24746523 Location(s) Tampa, Florida Job Type Hybrid Job Category Compliance and Control
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Serves as a compliance risk officer for Independent Compliance Risk Management (ICRM)’s Wealth Independent Assessment Organization's Testing team responsible for assessing compliance risks and the related controls implemented by the first and second line of defense to manage those risks. Also responsible for performing independent testing 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.

Key Activities include:

  • Developing, implementing, and executing compliance testing, continuous assurance, and reporting programs within an assigned region in accordance with the Compliance Testing (CT) Plan.

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

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

  • Assisting with development of Compliance Testing Risk Assessments, Monitoring Monthly, and Quarterly Summaries and the development and enhancement of the Compliance Testing Methodologies and Standards for auditing, testing, monitoring, and reporting.

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

  • Developing effective relationships within CT function and with other stakeholders including Business process owners and Internal Audit function.

  • Identifying industry best practices and share insight with the CT teams on a regular basis.

  • Informing CT 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.

Qualifications:

  • 6-10 years of experience in Financial Services Industry, particularly wealth advisory and retail investments.

  • Experience in planning, executing, and reporting on compliance testing 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 effectiveness testing, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities.

  • Knowledge of Compliance laws, rules, regulations, risks and typologies and private banking related requirements.

  • Understanding of rules, laws, and regulations, and specific regulatory requirements within the U.S. securities framework to include SEC, FINRA, MSRB, state insurance.

  • Demonstrated knowledge in Wealth businesses including retail brokerage and private banking. Investment Advisory and Insurance background a plus as are securities licenses (FINRA Series 7, 24, 65, insurance etc.).

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

  • Strong interpersonal skills for building strong relationships with stakeholders with the ability to work collaboratively at all levels of the organization.

  • Ability to work collaboratively and independently; ability to navigate a complex organization.

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

  • Must be a self-starter, flexible, innovative and adaptive

  • Advanced analytical skills.

  • Excellent project management and organizational skills and capability to handle multiple projects at one time.

  • Proficient in MS Office applications (Excel, Word, PowerPoint)

  • Willingness to travel.

Education:

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

  • 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; Advanced degree a plus.

  • Financial services or banking industry credentials/certifications (CFE, ACAMS. CRCM, etc.) a plus

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Compliance and Control

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Job Family:

Testing

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Time Type:

Full time

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Primary Location:

Tampa Florida United States

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Primary Location Full Time Salary Range:

$103,920.00 - $155,880.00


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:

Jul 28, 2024

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Citi is an equal opportunity and affirmative action employer.

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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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