• Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Citi-US
  • 2018-12-10

Compliance Product Senior Officer I - SWAP Dealer

Compliance Product Senior Officer I - SWAP Dealer

  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Compliance and Control
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18076130


Description

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Compliance Product Senior Officer I role serves as a senior  Swap Dealer 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 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 Swap Dealer and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors, providing day-to-day Compliance advice relating to operations, financial requirements, and guidance on Swap Dealer activities and the associated regulatory rules/laws and interpretation on internal policies and procedures. 

Key Responsibilities
  • Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices for ICRM. Translates ICRM strategy and goals across Citi's clients, products and geographies in a succinct and clear manner; provide direction and guidance on the programs.
  • Serving as a subject matter expert on Citi's Compliance programs. Provides expert guidance on CFTC and SEC Swap Dealer regulations such as risk management program, external business conduct, swap execution, clearing and processing, margin requirements, swap data reporting, and recordkeeping on a real-time basis to manage compliance risk in a markets sales and trading environment.
  • Staying abreast of relevant changes to Swap Dealer rules/regulations and other industry news including regulatory findings.
  • Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to Swap Dealer activities.
  • Analyzing and scoping the impact of new and complex regulatory developments across the Swap Dealer program, including cross-border impact.
  • Advising ICRM and function, business, and product management and personnel on regulatory and compliance issues and provide credible challenge.
  • Participating in industry groups and trade association working groups or other forums.
  • Leading initiatives and managing high-impact special project work streams with a results-driven focus to deliver solutions, including coordinating the implementation of new regulatory requirements.
  • Managing strategy and responses to regulatory examinations, reviews and inquiries and internal and external investigations, as well as testing and audit.
  • Designing and lead compliance and control reviews.
  • Partnering with other ICRM teams and global functions, including Legal, Risk, Middle Office, Operations and Technology, and Finance to prevent and detect non-compliance issues and promote a culture of compliance.
  • Additional duties as assigned.


Qualifications

Education Level
  • Bachelor's degree; Advanced degree (e.g. JD, MBA) a plus
  • 7 years' plus experience in compliance, legal, operations 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; strong working knowledge of swaps and derivatives regulation under Dodd-Frank Title VII (including CFTC and SEC  swap/security-based swap dealer regulation) and related compliance and operations requirements
Skills and Competencies
  • Expertise of Compliance laws, rules, regulations, risks and typologies in connection with swaps and derivatives trading
  • Excellent written, verbal and analytical skills
  • Must be a self-starter, flexible, innovative and adaptive
  • Highly motivated, strong attention to detail, team oriented, organized
  • Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
  • Ability to work collaboratively with regional and global partners in the business and other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level
  • Experience in managing regulatory exams and relationships with examiners, auditors, etc.
  • Awareness of regulatory requirements including local and US laws, international and industry standard
  • Advanced knowledge in area of focus, particularly swap trade execution, clearing, processing, and reporting