Serves as a senior Research, Marketing, and Content Compliance Officer 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 Research, Marketing, and Content businesses and customer needs in a manner consistent with the Citi program framework.Primary responsibilities include participating in senior business risk and control forums, monitoring compliance risk behaviors, providing day-to-day Compliance advice relating to the Research, Marketing, and Content products and services and the associated regulatory rules/laws and interpretation on internal policies and procedures.This individual will be responsible for leading the Marketing and Content Compliance program and will play a key role in creating a robust control framework for the newly created Marketing and Content Office, which supports Citi's five businesses shared services for Marketing and Content across Citi. Keys to success will be developing and leveraging strong partnerships with various internal teams, stakeholders, and subject matter experts, such as In Business and Client Risk & Control, Legal, and Product and Marketing owners.Responsibilities:
Providing day-to-day Compliance advice relating to the Research, Marketing, and Content products and services and the associated regulatory rules/laws and interpretation on internal policies and procedures;
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 business on an ongoing basis on new initiatives, new products, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client-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 assigned business.
Supporting the function/business in performing timely compliance reviews of new 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 business.
Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to the function/business.
Analyzing and scoping the impact including applicability of new and complex regulatory developments across the function/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.
Mentoring and developing junior staff.
Participating in industry groups and trade association working groups or other forums;
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:
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
Experience directly/indirectly managing people and/or teams
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 Businesses/Functions
Experience with and previous exposure to internal or external control functions and regulators
Ability to challenge Business 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
10-15+ 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
Preferred :
Working knowledge of compliance laws, rules, regulations, and risks related to financial services marketing and the production of Investment Research (including, but not limited to, FINRA Rules 2210, 2241 and 2242, and the CFTC Research Conflicts Rules)
Knowledge of relevant global regulations (such as MAR, MiFID and ASIC rules) a plus
Proficient in MS Office applications (Excel, Word, PowerPoint)
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.Education :
Bachelor’s degree
Advanced degree (e.g. JD, MBA) a plus
Other relevant certifications, or securities licenses a plus
Job Family Group:Compliance and ControlJob Family:Product Compliance Risk ManagementTime Type:Full timePrimary Location:New York New York United StatesPrimary Location Full Time Salary Range:$170,000.00 - $300,000.00In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.Anticipated Posting Close Date:Dec 04, 2024Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeoaapolicy.pdf) .View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp%20EnglishformattedESQA508c.pdf)Citi is an equal opportunity and affirmative action employer.Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
