Serves as a function/business/product compliance risk officer for Independent Compliance Risk Management (ICRM) responsible for assisting with internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protect 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 function/business/product and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to the supported function/business/product and guidance on function/business/product rules/laws and interpretation on internal policies and procedures
Responsibilities:
- Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
- Providing guidance on rules and regulations relating to function/business/product operational issues, as well as, provide transactional approvals and interpretation of internal compliance policies.
- Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.
- 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 supported function/business/product.
- Supporting the function/business/product in performing timely compliance reviews of new products.
- Assisting in the development and administration of Compliance training for the supported function/business/product.
- Researching any new reform rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules.
- 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.
EMEA Head of Citi Trust ICRM
Fiduciary Compliance Officer for:
- Cititrust (Jersey) Limited (and affiliates),
- Cititrust (Switzerland) Limited
- Cititrust Private Trust Zurich GmbH.
CO (Compliance Officer)
- Cititrust (Jersey) Limited,
- Cititrust (Cayman) Limited,
- Tertius Nominees (Jersey) Limited,
- Secundus Nominees (Jersey) Limited.
DMLRO (Deputy Money Laundering Reporting Officer)
- Citibank N.A., Jersey Branch
- Citicorp Banking Corporation, Jersey Branch
- Cititrust (Jersey) Limited
- Cititrust (Cayman) Limited
- Tertius Nominees (Jersey) Limited
- Secundus Nominees (Jersey) Limited
CO responsibilities
- To act with appropriate independence in discharging duties as the appointed compliance officer for the regulated entities.
- Act as the principle point of contact on day-to-day regulatory matters.
- Act as the principle point of contact with the JFSC on day-to-day regulatory matters.
- Coordinate the identification and oversight of the registered entities compliance risk, including monitoring and instigating actions to remedy identified deficiencies in compliance risk management.
- Supervise the activities of the compliance function employees locally.
- Responsibility for monitoring the registered persons compliance with local and cross jurisdictional legislation and regulation relating to Trust Company Business (TCB) and the requirements of the JFSC TCB Codes of Practice issued under the Financial Services (Jersey) Law 1998, as amended.
- Provide senior management and the board of directors of the registered persons with regular compliance reports, as per the requirements the requirements of the FS(J)L.
DMLRO responsibilities
- To support the Citi Jersey MLRO in receiving, investigating, and considering internal suspicious activity reports in accordance with Citi’s internal reporting procedures, in order to meet obligations under Proceeds of Crime (Jersey) Law, Terrorism Law, Directions Law, Terrorist Sanctions Measures, Money Laundering Order and the JFSC AML/CFT/CPF Codes of Practice.
- Act independently from customer facing and business development roles.
- Raise any issues, directly with senior management or board of the registered persons
- Assist the Jersey MLRO in the ongoing training, competence and awareness of employees to money laundering and financing of terrorism risks and being well trained in recognizing notable transactions or activity which may indicate money laundering or terrorist financing activity and the obligation to report such transactions or activity as soon as is reasonably practicable.
- To support employees and the business with the management of relationships subsequent to SAR filings and in instances where consent may have been withheld.
Qualifications:
- Knowledge of Compliance laws, rules, regulations, risks and typologies
- Must be a self-starter, flexible, innovative and adaptive
- Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
- Strong written and verbal communication and interpersonal skills
- Ability to both work collaboratively and independently; ability to navigate a complex organization
- Advanced analytical skills
- Ability to both work independently and collaborate with team members
- Excellent project management and organizational skills and capability to handle multiple projects at one time
- Proficient in MS Office applications (Excel, Word, PowerPoint)
- Demonstrated knowledge in area of focus
- Relevant certifications desirable
Education:
Required:
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; strong working knowledge of function/business/product supported and the related operations and financial requirements;
Preferred:
Advanced degree and/or professional certification preferred.
#LI-CM2
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Job Family Group:
Compliance and Control
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Job Family:
Product Compliance Risk Management
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Time Type:
Full time
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