Head of EMEA Markets and Securities Services Compliance

Citigroup ,
London, Greater London
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Job Description

Serves as the Product Compliance lead for the Markets and Securities Services businesses in the EMEA region, 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 other Independent Compliance Risk Management (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. This role is responsible for developing and executing the strategy for the firm's ICRM program for the EMEA Markets and Securities Services businesses in line with and supporting the business strategy globally. Oversees the development and implementation of best-in-class ICRM policies and practices across the EMEA Markets and Securities Services businesses, and acts as a liaison with key regulators on ICRM issues. In addition, this role will partner closely with Anti-Money Laundering (AML) Compliance to ensure a strong linkage between core ICRM and AML Compliance. The role represents EMEA Markets and Securities Services ICRM with internal and external stakeholders, including Citi management, Business, Compliance, and Function executives and regulators. Provides sophisticated compliance and risk management advice, subject matter expertise and participate in and oversee a variety of governance and planning initiatives at the senior level. This role will manage a team of Compliance Officers who provide compliance advisory services, design key risk indicators and compliance monitoring programs, identify reporting metrics associated with regulatory compliance program execution and develop corrective action plans to address deficiencies **Responsibilities:** + Overseeing the design, development, delivery, and maintenance of best-in-class Compliance, programs, policies and practices and sets strategic ICRM direction. Translates ICRM strategy and goals across Citi's clients, products and geographies in a succinct and clear manner; provide direction and guidance on the program. + Leading and managing a staff of Compliance professionals, with direct accountability for hiring and organizational structure. Direct oversight for compensation, performance appraisals, staff development, training, etc. Provides input on performance and compensation recommendations for staff and utilities that provide related services on a matrix basis. + Providing oversight and guidance over the assessment of broad complex issues, structures potential solutions and drives effective resolution with other senior stakeholders. Provide advice to the businesses on an ongoing basis on new function/business/product initiatives, new products, business acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations. + Assisting in setting annual function/business/product and individual goals that support overall compliance risk management strategy. + Coordinating with function/business/product compliance heads to align individual programs and objectives with compliance strategy and risk appetite. + Representing Chief Compliance Officer in significant strategic initiatives as requested. + Building relationships with stakeholders by exhibiting strong subject matter expertise and bringing a sense of urgency to pro-actively support client groups. + Building and maintaining strong relationships with other functional heads, working closely with Legal, other control functions, and Internal Audit to create a supportive and seamless culture of compliance, control, and ethical conduct. + Providing leadership in collaborating with regional teams to set global direction, standards and plan execution. + Providing leadership in creating and implementing policy and establishing the compliance risk management framework supporting the policy. + Providing guidance to the function/business/product and thematic Compliance programs on the resolution of open issues related to audit and examination findings; report progress to senior ICRM and Business/Function management as appropriate. + Proactively anticipate and help the business plan for changes in the compliance and regulatory environment. + Providing counsel to ICRM and function/business/product management on policy interpretation and "gray area" exposures. + Establishing professional relationships with relevant regulatory bodies and represent Citi and supported function/business/product Compliance on regulatory matters as required. + Serving as the liaison with regulatory examiners, Internal Audit, and external auditors on all significant Compliance issues involving supported function/business/product and overseeing implementation of related remediation

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