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Compliance Product Senior Officer I role serves as a senior Swap Dealer compliance risk officer 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 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 the ICRM product and function coverage teams, in order to partner to develop and apply CRM program solutions that meet the Swap Dealer and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors, providing day-to-day Compliance advice relating to operations, financial requirements, and guidance on Swap Dealer activities and the associated regulatory rules/laws and interpretation on internal policies and procedures.
Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices for ICRM. Translates ICRM strategy and goals across Citi's clients, products and geographies in a succinct and clear manner; provide direction and guidance on the programs.
Serving as a subject matter expert on Citi's Compliance programs. Provides expert guidance on CFTC and SEC Swap Dealer regulations such as risk management program, external business conduct, swap execution, clearing and processing, margin requirements, swap data reporting, and recordkeeping on a real-time basis to manage compliance risk in a markets sales and trading environment.
Staying abreast of relevant changes to Swap Dealer rules/regulations and other industry news including regulatory findings.
Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to Swap Dealer activities.
Analyzing and scoping the impact of new and complex regulatory developments across the Swap Dealer program, including cross-border impact.
Advising ICRM and function, business, and product management and personnel on regulatory and compliance issues and provide credible challenge.
Participating in industry groups and trade association working groups or other forums.
Leading initiatives and managing high-impact special project work streams with a results-driven focus to deliver solutions, including coordinating the implementation of new regulatory requirements.
Managing strategy and responses to regulatory examinations, reviews and inquiries and internal and external investigations, as well as testing and audit.
Designing and lead compliance and control reviews.
Partnering with other ICRM teams and global functions, including Legal, Risk, Middle Office, Operations and Technology, and Finance to prevent and detect non-compliance issues and promote a culture of compliance.
Additional duties as assigned.
Bachelor's degree; Advanced degree (e.g. JD, MBA) a plus
7 years' plus experience in compliance, legal, operations 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; strong working knowledge of swaps and derivatives regulation under Dodd-Frank Title VII (including CFTC and SEC swap/security-based swap dealer regulation) and related compliance and operations requirements
Skills and Competencies
Expertise of Compliance laws, rules, regulations, risks and typologies in connection with swaps and derivatives trading
Excellent written, verbal and analytical skills
Must be a self-starter, flexible, innovative and adaptive
Highly motivated, strong attention to detail, team oriented, organized
Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
Ability to work collaboratively with regional and global partners in the business and other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level
Experience in managing regulatory exams and relationships with examiners, auditors, etc.
Awareness of regulatory requirements including local and US laws, international and industry standard
Advanced knowledge in area of focus, particularly swap trade execution, clearing, processing, and reporting
Internal Number: 5464376
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