Citigroup Product Compliance Director-Cash Equities Sales and Trading in New York, New York
Serves as a senior function/business/product compliance risk manager for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and delivery of a risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. In addition, engages with the ICRM product and function coverage teams, in order to partner to develop and apply CRM program solutions that meet the Cash Equities Sales and Trading and customer needs in a manner consistent with the Citi program framework.
Key Activities include:
Providing compliance coverage to the Cash Equities Sales and Trading business. Provides compliance guidance on Cash Equities Sales and Trading rules and regulations relating to operational issues, transactional approvals and the application of internal compliance policies for day-to-day activities.
Managing a team 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. Mentoring and developing junior staff.
Directing the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM. Translates ICRM strategy and goals across Citi’s clients, products and geographies; provides direction and guidance on the programs.
Staying abreast of relevant changes to rules/regulations and other industry news including regulatory findings.
Providing oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other stakeholders. Provides advice to the Cash Equities Sales and Trading business on an ongoing basis on new initiatives, new products, acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations.
Representing Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Compliance issues and oversees the implementation of related remediation. 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 the Cash Equities Sales and Trading business.
Supporting the Cash Equities Sales and Trading business in performing timely compliance reviews of new transactions and/or products.
Managing ICRM initiatives as required, such as the implementation of new Compliance systems, controls, and related project management work efforts.
Assisting in the development and administration of Compliance training for the Cash Equities Sales and Trading business.
Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to the Cash Equities Sales and Trading business.
Analyzing and scoping the impact including applicability of new and complex regulatory developments across the Cash Equities Sales and Trading business, including cross-border impact.
Assisting in the establishment of ICRM policies, procedures and controls to comply with these new or changed laws and regulations.
Participating in industry groups and trade association working groups or other forums.
Additional duties as assigned.
KNOWLEDGE, SKILLS AND EXPERIENCE
and/or relevant experience(s)
Required: Bachelor’s degree; 10 plus years’ experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; strong working knowledge of the Cash Equities Sales and Trading business and related laws and regulations, previous experience managing a diverse staff.
Preferred: Advanced degree (e.g. JD, MBA)
Knowledge and skills
Highly motivated, strong attention to detail, team oriented, organized
Excellent written, verbal and analytical skills
Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
Ability to interact and communicate effectively with senior leaders
Significant knowledge and expertise of Compliance laws, rules, regulations, risks and appropriate controls
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 Business/Function
Experience with and previous exposure to internal or external control functions and regulators
Ability to challenge Business/Function management and escalate issues when appropriate
Strong track record of effectively assessing and managing competing priorities
Comfortable navigating complex, highly-matrixed organizations
Comfortable acting as an agent for positive change with agility and flexibility
Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management skills are essential
Subject matter expertise in area of focus
- Related certifications desirable
Job Family Group:
Compliance and Control
Product Compliance Risk Management
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