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Senior Compliance Officer - Product Markets Reg Implementation

  • Primary Location:United States,New York,New York
  • Education:Bachelor's Degree
  • Job Function:Compliance and Control
  • Schedule:Full-time
  • Shift:Day Job
  • Employee Status:Regular
  • Travel Time:No
  • Job ID:18039020

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.CitisMission and Value Propositionexplain what we do andCiti Leadership Standardsexplain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.The Institutional Clients Group is seeking a candidate to join the Markets Regulatory Implementation team in Independent Compliance Risk Management (ICRM). This position will primarily work with the team to provide subject matter expertise and advisory support related to CFTC Swap Dealer regulations such as risk management program; external business conduct; swap execution, clearing and processing; margin requirements; swap data reporting; and recordkeeping, among other things. This position will support the Global Markets and Securities Services businesses as well as the overall Swap Dealer Program.More specifically, the position will:
  • Provide expert guidance on CFTC Swap Dealer regulations on a real-time basis to manage compliance risk in a sales and trading environment and support business, Middle Office and operations and technology teams;
  • Monitor and identify CFTC and NFA regulatory developments, and new laws, regulations, rules, and interpretations or guidance relating to Markets businesses (across asset classes including equities, futures, fixed income, rates, credit, FX, and commodities);
  • Analyze and scope the impact of new and complex regulatory developments across businesses, including cross-border impact;
  • Advise ICRM and Business management and personnel on regulatory and compliance issues and provide credible challenge;
  • Manage high-impact special project workstreams with a results-driven focus to deliver solutions, including coordinating the implementation of complex and technical new regulatory requirements across businesses and regions;
  • Prepare responses to regulatory examinations, reviews and inquiries and internal and external investigations, as well as testing and audit;
  • Draft and implement policies and procedures to set consistent standards across businesses and regions;
  • Proactively review, design, and enhance processes and/or controls and monitoring;
  • Monitor progress of remediation efforts and other corrective action; and,
  • Partner with other ICRM teams and global functions, including Legal, Middle Office, Risk, Operations and Technology, and Finance to prevent and detect non-compliance issues and promote a culture of compliance.

  • Bachelor's degree required, J.D. highly preferred.
  • Legal, Compliance/Control or regulatory experience, minimum 6 years; previous role at major financial institution, law firm, regulatory agency or consulting firm highly preferred.
  • Expert knowledge and relevant experience with the CFTC Swap Dealer regulations required.
  • Excellent oral and written communication skills, including the ability to articulate complex regulations and rules.
  • Self-starter that demonstrates initiative, creativity, and resourcefulness to manage projects and can work independently.
  • Ability to think critically and strategically.
  • Ability to work collaboratively, meets deadlines, and performs tasks in a timely manner.

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