VP - Client– First Line Business Risk Officer, Citi

Citi

Location:
India, Mumbai

Category:
-

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

This role supports the Citi Client business unit by coordinating and completing impact assessments associated with regulatory changes; verifying remediation actions; monitoring regulatory mapping processes; and challenging adequacy and timeliness of regulatory measures. It includes ensuring controls for compliance with applicable laws, rules, and regulations.

Job Responsibility:

Coordination of ‘Impact Assessments’ of regulatory changes assigned by various ‘Compliance Leads’ and identification of other Client functions, potentially impacted by new or updated regulatory requirements
engaging with appropriate SMEs including the Regulations Management, Independent and Product Compliance teams or Legal Counsel as required, to obtain guidance and interpretation of laws, rules and regulations
monitoring progress of each stage of regulatory assessments, challenging adequacy & timeliness of execution efforts through effective use of Citi tools, platforms and the systems
executing assigned tasks timely based on Metrics/Key Performance Indicators (KPIs) and due dates
escalating 'Overdue' tasks to the relevant senior management in accordance with governance and escalation protocols established by the Regulations Management Program
supporting Citi Client business teams in creating remediation plans in instances of regulatory non-compliance
ensuring the adequacy of controls, monitoring and reporting over the Regulations Management process
completing and submitting completed assessments to the Senior Business/Function Manager for approval
overseeing progress of each stage of regulatory mapping process, challenging adequacy & timeliness of mapping remediation, based on Metrics/Key Performance Indicators (KPIs) and due dates, through effective use of Citi tools, platforms and systems
partnering with Client businesses/functions and Product Compliance to ensure that relevant regulations are mapped for newly created Assessment Units (AUs) and supporting maintenance of Regulation to AU mapping for significant change scenarios
coordinating and monitoring timely completion of Client involvement in one-time reviews of Laws, Rules and Regulations as requested by the relevant Country and Product Compliance teams
working with Client organisation to ensure that there are appropriate controls to comply with applicable Laws, Rules and Regulations.

Requirements:

At least 6 years’ experience in a business risk & controls, corporate governance, or assurance domains
prior experience in regulations management
experience in implementing regulatory change would be preferred
proven experience in interacting with 1st, 2nd and 3rd Lines of Defence in the context of Regulatory Compliance related matters
ability to operate independently with limited oversight, following a 'no surprises' approach
strong problem-solving skills
ability to think strategically, apply professional judgment and critically assess or challenge the 'status quo'
excellent written and verbal communication skills
ability to lead multiple projects, multitask and deliver results against agreed deadlines
ability to work proactively and collaboratively in a fast-paced, dynamic environment, with people at all levels of seniority and across different geographic locations
range of experience demonstrating flexibility in skillset and approach.

Additional Information:

Job Posted:
March 21, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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VP - Client– First Line Business Risk Officer