Citigroup Careers – Compliance Testing Director

Job Description:

Serves as a senior compliance risk manager for Independent Compliance Risk Management (ICRM)’s Testing team responsible for assessing compliance risks and controls implemented by the first and second line of defense; performing independent testing and monitoring activities 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.

Job Responsibilities:

• Identifying and evaluating emerging risks and present findings to CT function leadership.
• Analysing and providing credible challenges to team’s assessment of the control environment (of relevant assessment units), including Manager’s Control Assessments (MCA), Internal Audit Assessments (and related control metrics such as Issues Being Actioned by Management (IBAM), on-time remediation, Reopens, and MCA effectiveness), Regulatory Issues (and its metrics), CT Results, and Legal Matters.
• Participating in discussions with the firm’s regulators in connection with inquiries, inspections, and exams.
• Participating in the development and enhancement of the CT Methodology and Standards for auditing, testing, and reporting with compliance risk focus.
• Providing regulator briefings as necessary and insight to the State of Compliance Report on a quarterly basis to the Audit Committees of Citigroup and Citibank.
• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
• Managing a team or multiple teams 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.
• Assisting in the development of a robust Testing Plan to monitor for compliance with rules, laws, and regulations.
• Developing a valued interactive program of support and testing that provides regulators and stakeholders’ insight into compliance trends, themes, issues, and root causes.
• Developing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Key Compliance Risks across businesses and products, legal entities and jurisdictions, providing stakeholders with insight and practical solutions to improve the control culture and environment across Citigroup.
• Defining resource requirements and budgets for CT projects.
• Serving as an owner for complex reviews, analyze report findings, and recommend appropriate interventions where needed.
• Overseeing the development, implementation, and execution of the compliance testing and reporting programs within an assigned region in accordance with Compliance Assurance (CA) Plan.
• Directing the planning, execution, and reporting of compliance testing reviews and compliance and regulatory issue validation activities for a component of a product line or function, or legal entity within an assigned region in accordance with testing Plan.

Job Requirements:

• 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 businesses
• Experience with and previous exposure to internal or external control functions and regulators (incl. the US)
• Ability to challenge business management and escalate issues when appropriate
• Strong track record of effectively assessing and managing competing priorities
• Experience managing diverse teams, and comfort navigating complex, highly-matrixed organizations
• Comfortable acting as an agent for positive change with agility and flexibility
• Subject matter expertise in area of focus
• 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; extensive experience in area of focus; previous experience managing a diverse staff; Advanced degree preferred
• Effective negotiation skills, a proactive and “no surprises” approach in communicating issues, and strength in sustaining independent views.
• Excellent communication skills in interacting with non-executives, executive management, regulators, and across a number of business lines and control functions
• Effective persuasion skills, the ability to work effectively at the highest levels of the organization, and networking and influencing skills. This person will be comfortable acting as an agent for positive change with agility and flexibility
• Proven track record in preparing and presenting formal written reports to Audit Committee, Compliance Committee, Board of Directors, and C-Suite Management.
• Willingness to travel domestically and internationally
• Highly motivated, strong attention to detail, team oriented, organized
• Strong communication and interpersonal skills; strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Extensive global compliance and audit related experience, and strong knowledge of business processes and IT technologies utilized in the Financial Services Industry
• Possess strong project management, budgeting, and interpersonal skills, makes sound decisions, and exhibit initiative and intuitive thinking

Job Details:

Company:  Citi

Vacancy Type:  Full Time

Job Location: Dallas, TX, US

Application Deadline: N/A

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