Compliance Risk Officer - HK, Macau and Mauritius Regulations Mgmt Strategy & Ops Coordinator, Vice President Compliance Risk Officer - HK, Macau and Mauritius  …

Citi
in Hong Kong
Permanent, Full time
Last application, 06 May 21
Competitive
Citi
in Hong Kong
Permanent, Full time
Last application, 06 May 21
Competitive
Citi
Compliance Risk Officer - HK, Macau and Mauritius Regulations Mgmt Strategy & Ops Coordinator, Vice President
Serves as a compliance risk 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 deliver 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 business and customer needs in a manner consistent with the Citi program framework.

Key Activities include:

  • Participating in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
  • Managing a specialized team of Compliance professionals responsible for program execution activities. Oversight for compensation, performance appraisals, staff development, training, etc.
  • Analyzing complex comparative data, preparing and presenting regional and global reports related to compliance risk assessments, and monitoring of compliance related issues.
  • Reviewing materials to ensure compliance with various regulatory and legal requirements and to ensure compliance risks are appropriately identified and addressed.
  • Investigating and responding to compliance risk issues. Investigating regulatory inquiries, preparing required documentation, making recommendations to senior management on how to proceed, and preparing responses for the regulatory inquiries.
  • Overseeing the monitoring of adherence to Citi's Compliance Risk Policies and relevant procedures and preparation, editing, and maintenance of Compliance program related materials.
  • Interacting and working with other areas within Citi, as necessary.
  • Keeping abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.
  • Additional duties :
    • Review on a daily-basis system Reg. Insight Module to identify potential applicable Laws, Rules Regulations and conduct disposition and in certain jurisdictions conduct manual monitoring of regulatory changes
    • Write Regulation Summaries and draft obligations to support downstream stakeholders in the management of regulation change and inventory.
    • Conduct Preliminary Assessment Unit Mapping based on Regulation Summaries and Obligations to include taxonomy, legal entity, and applicability.
    • Coordination with Product and Functional ICRM stakeholders in the confirmation of applicability of regulations.
    • Support the creation of impact assessments and action plans designed to demonstrate necessary adherence to Laws, Rules and Regulations.
    • Support the development and execution of simple and effective control and monitoring processes for Regulation Management
    • Ensure that process is conducted in expected timeframes and promote that countries under the coverage comply as well with Regulations' compliance date
    • Work in coordination with Regulation Management Managers to provide full coverage to the covered cluster and conduct credible challenge to E2E process executed in the cluster.
    • Work with CCCOs/Business Heads to conduct training and socialize the Regulations Management process among business partners
    • Conduct internal validations and reviews of the laws applicable to the cluster/Segment to understand the content, scope, in order to be able to provide segment advice
    • Collaborate with other ICRM stakeholders to review that a control environment is implemented for regulatory-related processes
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
Education:
  • Required:Bachelor's degree; legal experience, and expert in compliance or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; previous experience managing staff, strong working knowledge of function/business/product supported and the related operations and financial requirements

Knowledge and skills
  • Expertise in laws, rules, regulations, risks and typologies
  • Awareness of Regulatory requirements applicable to the region/cluster of coverage as well as industry standards
  • Paralegal experience and/or versed in legal analysis, interpretation and its documentation
  • Capable to conduct analysis of laws, rules, Regulations, conduct interpretation and understand potential applicability to financial services' entities
  • understanding of control and compliance risk management
  • Advanced Analytical skill and result driven
  • Ability to articulate complex problems and solutions through concise and clear messaging
  • Understanding of the regulatory framework of the countries /segments of coverage
  • Understanding of financial services and products of the countries of coverage
  • Fluent in English and basic knowledge of (language) is preferable
  • Proficient in MS Office applications (Excel, Word, PowerPoint)
  • Ability to both work independently and collaborate with team members
  • 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

Job Family Group:
Compliance and Control
Job Family:
Compliance Risk Management
Time Type:
Full time
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