In Business Regulatory Risk Support - Belfast, United Kingdom - Citi

Citi
Citi
Verified Company
Belfast, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description

Overview of Citi:

Citi is a world-leading global bank. We have approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide.

We provide consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

We enable clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.


Citi Belfast is one of the largest employers in Northern Ireland with a diverse and talented team of over 3000 people from over 40 different nationalities across our four Belfast offices.

We are the only global investment bank operating in Northern Ireland.

Every day, our local experts interact with global teams in over 100 countries developing and supporting next-generation technology solutions for the enterprise and delivering critical services to the bank and its customers, to make sure we are a stronger and safer organization for our clients.


You will have a truly global reach, which will provide you with new experiences and development opportunities right here in Belfast's iconic Titanic Quarter.


Role Overview:


Responsibilities:


  • Assist in chairing a Regulatory forum for In Country R&C and compliance partners to determine applicability of upcoming regulations.
  • Act as the central point of contact for Regulatory escalations from the clusters / In Country R&C partners.
  • Actively collaborate with business leaders to identify, evaluate, and manage regulatory adherence risks arising from the definition of business strategy, development of new products and services, changes in regulations or internal policies, or from businessled changes.
  • Support continuous evaluation and maintenance of the regulatory inventory linkage to supporting controls in Citi's system of record so that management can effectively demonstrate adherence to applicable laws and regulations through the Manager's Control Assessment (MCA) program.
  • Evaluate Regulation Risk Control performance assessed as part of the MCA Annual Risk Assessment review.
  • Supporting 1st line state of regulatory adherence reports for senior management and recommending corrective actions and improvements required to mitigate the identified risks.
  • Proactively identify business opportunities to improve regulation risk management, prioritizing reviews to uncover root causes and unknown drivers of risk.
  • Analyse data and findings to define and present clear, concise recommendations to business leaders to strengthen their ability to make impactful strategic decisions, policy and procedure improvements, and other business strategies.
  • Perform oversight of the Regulatory Change Management process, including impact assessment, develop action plans, and oversee identified enhancements to controls due to new or changes to existing regulations / rules, and monitoring the progress on Regulatory Change implementation
  • Develop strong relationships with Business, Operations & Technology leadership and partners in 2nd and 3rd lines of defence and engage with them to reduce and mitigate regulation risk.
  • Partnering with Business MCA Management Teams in the continuous enhancement of regulation controls and monitoring, including pursuing automation of controls and digitization of monitoring where appropriate.
  • Partner with Global CGW In-Business Regulatory Risk Management Team to assess breaches to Compliance Risk Appetite and ensure alignment with overarching Global In-Business Regulatory Risk Management Program requirements.
  • Participate in global and regional workgroups/forums to ensure program changes and requirements are communicated in a timely and effective manner.
  • Collaborate with ICRM Leads to ensure that Regional/Business CGW Risk and Control staff is trained and knowledgeable of Citi's Compliance and Control Framework and regulatory change management model.
  • Maintaining tools and documentation in relation with the control framework (i

e:

mapping and list of controls, policies / procedures library, regulatory / functional guidance for business and R&C teams, use cases for exceptions, etc.)



  • Work collaboratively Product Compliance to ensure the business operates in line with regulatory requirements.
  • Supporting with the coordination of exams, Internal Audit and Compliance testing reviews in relation to Regulatory risk.

Qualifications:


  • Relevant experience in the financial industry and Wealth Management
  • Specific knowledge of US, UK, and EU regulatory frameworks, including laws, rules, guidance, risks, and typologies
  • Expertise of AML and Sanctions regulations, risks, and typologies
  • Experience in managing regulatory exams and relationships with examiners, auditors, etc.
  • Strong stakeholder man
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