Compliance Independent Assessment Officer, Citi

Citi

Location:

India, Mumbai

Category:

Finance

Contract Type:

Not provided

Salary:

Not provided

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Job Description:

Serves as a senior compliance risk analyst for Independent Compliance Risk Management (ICRM)’s Compliance Independent Assessment (CIA) team responsible for assessing compliance risks and controls implemented by the first and second line of defense. Also responsible for performing risk assessments of Citi's compliance risks; performing independent assurance activities (testing and on-going monitoring) to assess the design and effectiveness of key controls designed to address compliance risk; reporting and escalating control issues and any violations of laws or breaches of policy; and validating adequacy of remediation taken to address reported issues.

Job Responsibility:

Developing, implementing, and executing compliance testing, continuous assurance, and reporting programs within an assigned region in accordance with the CIA Plan
Participating in the planning, executing, and reporting of CIA reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity in accordance with CIA Plan
Executing compliance controls testing, transactional testing, or compliance controls monitoring activities based on the pre-defined testing plan
Documenting findings and report to the Compliance Independent Assessment management team
Assisting with development of Monitoring Monthly, and Quarterly Summaries and development of testing, monitoring, and reporting
Utilizing innovative compliance testing solutions including Data Analytics to increase value and reduce costs of compliance-related activities
Developing effective relationships within CIA function and with other stakeholders including business and technology process owners, and Internal Audit function
Promoting knowledge sharing and promulgation of best practices across ICRM and the business
Monitoring the risk environment and assesses the emerging risks through the Business Monitoring process
Informing CIA management of significant compliance matters that require their attention or action
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

Requirements:

Knowledge of Compliance laws, rules, regulations, risks and typologies
Experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional testing, and reporting activities
Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities
Extensive global compliance and audit related experience, and strong knowledge of business processes
Exhibit project management, interpersonal, sound decision making, and intuitive thinking skills
Understanding of rules, laws, and regulations, and specific regulatory requirements
Strong interpersonal skills for building strong relationships with stakeholders and engaging teams
Effectiveness in working within a large scale and complex matrix organization is essential
Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions
Recommends appropriate and pragmatic solutions to risk and control issues
Applies knowledge of key regulations to influence audit scope
Develops effective line management relationships to ensure strong understanding of the business
Must be a self-starter, flexible, innovative and adaptive
Work collaboratively with regional and global partners in other functional units
ability to navigate a complex organization
Proficient in MS Office applications (Excel, Word, PowerPoint)
Knowledge in area of focus
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
experience in area of focus
Advanced degree a plus

Additional Information:

Job Posted:

March 22, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Compliance Independent Assessment Officer