Compliance Independent Assessment - Assistant Vice President - C12 - MUMBAI - Hybrid
Citi · Mumbai, India · 2y ago
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Citi’s Global Legal Affairs and Compliance (GLAC) empowers and protects Citi by providing legal, compliance, investigative, and security services to our firm. We manage compliance risk, provide legal analysis and advice, protect Citi’s people and businesses, advocate for legal and regulatory outcomes that benefit our firm and our clients, and ultimately promote behavior that is consistent with Citi’s mission and culture
Serves as a senior compliance risk analyst for Independent Compliance Risk Management (ICRM)’s Compliance Independent Assessment (CIA) team responsible for assessing compliance risks and controls implemented by Citi’s first and second line of defense. The CIA Sr. Analyst performs risk-based testing and monitoring of Citi’s compliance risks in order to assess the design and effectiveness of key controls, reporting, and escalates any violations of laws or breaches of policy identified while consistently validating the adequacy of measures used to address reported issues.
Responsibilities:
Develops, implements, and executes compliance monitoring/ testing, continuous assurance, and reporting programs within assigned region for a component of a product line, function, or legal entity in accordance with CIA Plan.
Participates in the planning, executing, and reporting of CIA monitoring/ 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 CIA Plan.
Performs compliance controls testing, transactional testing, or compliance controls monitoring activities based on the pre-defined testing plan/routines and reports any findings to the CIA Management team as necessary and documents them accordingly.
Utilizes innovative compliance monitoring/testing solutions including Data Analytics to enhance the value and efficiency of compliance-related activities to address emerging risks.
Develops effective and collaborative relationships with stakeholders within and outside the CIA function and outside stakeholders, such as business and technology process owners, and promotes the education and best practices across ICRM and the business.
Promoting knowledge sharing and promulgation of best practices across ICRM and the business.
Escalating to CIA management significant compliance matters that require their attention or action.
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:
5-8 years of experience
Knowledge of Compliance laws, rules, regulations, risks and typologies
Experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional testing, and reporting activities.
Experience in planning, executing, and reporting on compliance monitoring/ testing reviews and regulatory issue validation activities.
Extensive global compliance and audit related experience, and strong knowledge of business processes.
Exhibit project management, interpersonal, sound decision making, and intuitive thinking skills.
Understanding of relevant rules, laws, regulations, and specific regulatory requirements. Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.
Effectiveness in working within a large scale and complex matrix organization is essential.
Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of multiple business lines and control functions.
Recommends appropriate and pragmatic appropriate solutions to risk and control issues.
Applies knowledge of key regulations to influence monitoring/ testing review scope.
Develops effective line management relationships to ensure strong understanding of the business.
Must be a self-starter, flexible, innovative, and adaptive.
Works collaboratively with regional and global partners in other functional units.; ability to navigate a complex organization.
Proficient in MS Office applications (Excel, Word, PowerPoint)
Education:
Bachelor’s degree; experience in compliance, internal or external auditing, 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 or relevant certification a plus.
- Candidate should have prior work experience in reviewing Markets products ( FX , Commodities, Derivatives etc) as part of Control or Audit function in Bank.
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Job Family Group:
Compliance and Control------------------------------------------------------
Job Family:
Testing------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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