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Citi
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London, Greater London
Compl Risk Mgmt Group Mgr - Group Reporting
Overview
Job Description
Serves as a compliance risk manager 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 designing and delivering a risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. In addition, engaging 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. As leader of the Global Reporting team, this role will be responsible for the provision and oversight of Governance reporting to Committees/Stakeholders globally, and for the co-ordination of key Board level reports. Key Activities include: + Directing the design, development, delivery and maintenance of 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; providing direction and guidance on the programs, including: + Overseeing the end-to-end ownership and project management of ICRM's State of Compliance reporting to the Citigroup and Citibank Audit Committee including: educating ICRM teams on responsibilities; check and challenge of information collected; ownership of timelines; alignment of reporting to feedback from regulators; providing insight led qualitative analysis as well as liaising with the Executive Management Team (EMT) for feedback. + Overseeing the end-to-end ownership of ICRM's Regulatory reporting to the Citigroup and Citibank Audit Committee, Board of Directors, Risk Management Committees, Compliance Committees and Citigroup Chair including: overseeing preparation and ensuring a succinct summary of key themes/items for attention is provided supported by accurate and insightful analysis and providing a review and quality checker role, to ensure consistency in ICRM's messaging across all Committees including liaising with the EMT and ICRM Global CCO to confirm content. + Overseeing the preparation of ICRM's Regional Reporting commitments, including preparation of State of Compliance reporting for ACs and BRCCs along with ad-hoc regulatory reporting. + Provide a review and quality check control on all reporting which is produced by ensuring both the quantitative and qualitative content is accurate and provides clear messages and analysis on key items for attention and value-add insight. + Liaising closely with the ICRM Global CCO quarterly and discussing key areas of focus and emerging risks which should be at the forefront for each quarterly reporting cycle. + Embedding efficient processes for collating information for reporting, including maintaining centralized trackers and driving global reporting initiatives with a focus on continuous improvement through the consideration/adoption of innovative solutions to drive process efficiency and improvement of report content/format and production processes. + Supporting the ICRM Global Chief Administrative Officer (CAO) and ICRM Global CCO with ad-hoc reporting requests. Proactively manage, lead and support Group reporting ICRM initiatives. + Keeping abreast of regulatory changes, enforcement actions and internal policy changes in order to further identify new key risk areas and refresh governance reporting as they apply. + Be the point of contact for CCO's and the EMT in relation to the provision of reporting needs. The role requires the establishment of strong working relationships, to enable smooth co-ordination of reporting activities, as well as building a strong knowledge of ICRM to drive insightful reporting. + Managing a specialized team of Compliance professionals. Oversight for compensation, performance appraisals, staff development, training, etc. + Overseeing the process for preparing ICRM's annual Recovery and Resolution Planning. + Managing a team or multiple teams of Compliance professionals. Responsible for hiring, compensation, performance appraisals, staff development, training, etc. + Providing oversight and guidance over the assessment of complex issues, structuring potential solutions and driving effective resolution with other stakeholders. + Overseeing the identification and assessment of 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. + Monitoring adherence to Citi's Compliance Risk Policies and measuring compliance risk through a robust control framework and ensures that reviews are conducted consistently across each entity on a regular basis to confirm that controls identified are operating effectively. + Partnering, collaborating and working with other areas within Citi, as necessary.