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VP - Swap Dealer Business Controls

London, United Kingdom | Citigroup

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Risk Management
  • Experience:
    7-10 years
Job Description:
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The VP of Markets and Securities Services (MSS) Swap Dealer Business Controls is part of the Global Business Controls & Supervision (BCS) team.  The BCS team establishes and maintains a robust 1st Line of Defense control environment and culture to minimize operational risk within the business. This role will have responsibility for effective control implementation, measurement and governance across MSS Swap Dealer and the broader CGMI broker dealer activities.  A key part of the role will be working with the business, O&T and 2nd line functions and working on engagements with Compliance, Internal Audit and regulators.

Key Responsibilities

  • Partner with the Head of MSS global Swap Dealer to develop the front-to-back governance, control and reporting framework

  • Manage swap dealer control initiatives, partnering with ICRM, Legal, Risk and O&T

  • Assist with the design, coverage and effectiveness of controls and enhance where needed

  • Enhance risk assessments and ensure corrective action are implemented and tracked

  • Define minimum operating control standards across MSS and embed within the Manager Control Assessment (MCA) framework

  • Partner on swap dealer regulatory and Internal Audit engagements and ensure timely responses to requests

  • Assess internal / external events, perform lessons learned analysis and implement enhancements as needed

  • Identify regulatory and internal audit issues on swap dealer entities and track accordingly

  • Ensure adequate policies and procedures exist supporting compliance with swap dealer rules

  • Oversee control testing front-to-back

  • Oversee annual sub-certifications supporting the annual compliance report

Qualifications and Competencies

  • Minimum 7 - 10 years in Capital Markets or Compliance, with significant experience in Swap Dealer compliance and controls

  • Experience dealing with regulators, Audit, Compliance and other risk and control functions

  • Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns

  • Effective people, project and change management skills

  • Strong communication, with ability to lead and chair governance fora

  • Ability to assess and critically challenge information and processes, delivering appropriate outcomes

  • Competence leading dynamic, challenging environments while providing creative solutions

  • Ability to collaborate across businesses, regions and support functions

  • Undergraduate degree required. Master’s degree or JD a plus

  • Series 7 and Series 63 a plus.

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