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SVP, Compliance Risk Management Senior Officer - Risk Appetite

Irving, TX, USA | Citigroup

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    General Management
    Risk Management
  • Experience:
Job Description:
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Serves as a senior 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 business and customer needs in a manner consistent with the Citi program framework.


Key Activities include:



  • Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices for ICRM.

  • Translating ICRM strategy and goals across Citi’s clients, products and geographies in a succinct and clear manner; provide direction and guidance on the programs. Serves as a subject matter expert on Citi’s Compliance programs.

  • Providing oversight and guidance over the assessment of complex issues, structuring potential solutions and driving effective resolution with other stakeholders.

    • Provide governance and oversight that the applicable Risk Appetite Frameworks are adhering to the Compliance Risk Appetite procedures.



  • Identifying and assessing Citi’s key compliance risks. Ensuring compliance risks within Citi are effectively identified, measured, monitored, and controlled, consistent with the bank’s risk appetite statement and all policies and processes established within the risk governance framework.

    • Engage with senior stakeholders in assigned regions to ensure the Compliance Risk Appetite has been integrated into the respective Risk Appetite Frameworks.



  • Monitoring adherence to Citi’s Compliance Risk Policies and measuring compliance risk through a robust control framework and ensuring that reviews are conducted consistently across each entity on a regular basis to confirm that controls identified are operating effectively.

    • Produce quarterly and monthly, as appropriate, board reporting for applicable business sectors and material legal entity Risk Appetite Frameworks and partner with the first line of defence on assessment if operating within the Compliance Risk Appetite.

    • Monitor the compliance risk appetite framework, including standard, thresholds and compliance risk appetite profile.



  • Performing complex analyses of comparative data, preparing and presenting regional and global reports related to compliance risk assessments, and monitoring of compliance related issues.

  • Partnering, collaborating 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 as assigned.


Knowledge and skills


Required:



  • Expertise of Compliance laws, rules, regulations, risks and typologies;

  • 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 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 standards

  • Advanced knowledge in area of focus


Education level


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


Preferred: Advanced degree (e.g. JD, MBA) a plus


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