Unit Control Business Compliance Officer

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Citi Global Wealth (CGW) brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices. 

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This role is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

• Working with business leaders and process owners on required regulatory obligations and contributing to the end-to-end development of controls and monitoring to ensure they are designed to adhere with applicable regulations. This includes acts as business approver to Impact Assessment of all regulatory changes cascaded from Compliance in Regulatory Change Management module in Citi Risk and Control System.
• Continuously evaluating and driving the maintenance of the regulatory inventory linkage to supporting controls and retention in Citi Risk & Control system so that management can effectively demonstrate adherence to applicable laws and regulations through the Manager’s Control Assessment program.
• To assist AUs conducting an annual evaluation of Regulation Risk for inclusion in the MCA Quarterly Risk Assessment / Annual Risk Assessment.  Facilitate MCA Team in preparing quarterly Regulatory Control Effective (RCE) Dashboard to be included in to GCB QRA summary to evaluate, identify and escalate high residual risks and those breaching their defined risk appetite. 
• Actively collaborating 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 business-led changes.
• Proactively identifying business opportunities to improve regulation risk management, prioritizing reviews to uncover root causes and unknown drivers of risk.
• Developing strong relationships with Business, CAORC In-Unit Control Managers, Operations & Technology leadership and partners in 2nd and 3rd lines of defense and engage with them to reduce and mitigate regulation risk.
• Partner with MCA Coordinators in the continuous enhancement of regulation controls and monitoring. This includes engaging with Assessment Unit (AU) leads and process owners to develop requirements to automate controls and digitize monitoring where appropriate.
• Guiding the MCA Team and process owners across Business, Operations, and Technology on establishing permanent audit readiness activities that effectively demonstrate adherence to applicable regulatory obligations.  This includes providing guidance to or participating in targeted review teams, and engaging with Internal Audit and Compliance Assurance over potential regulatory findings.
• Partner with stakeholders to look into possible Regtech enhancement to develop automated and efficient control and monitoring; Engage in projects for automation of controls and monitoring
• Assists AUs to formulate proper and viable remedies, Corrective Action Plans and compensating controls to mitigate any regulatory risk

Qualifications:

• 6-10 years Risk and Control experience in financial services
• experience in Risk and Control Monitoring and/or Risk Assessment and the development and compilation of policies and procedures
• management experience
• Balanced blend of analytical skills, problem solving, and reporting and communication skills
• Advanced organizational skills including attention to detail, multi-tasking and following up
• Experience using databases and other tracking tools to enforce global consistency
• Excellent writing and presentation skills
• Experience working collaboratively across various areas of the organization and presenting to senior management
• Automation Skills and Mindset for Transformation

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree

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