Head of Markets and Securities Services Compliance Risk

New York, NY, USA
Competitive salary
02 Dec 2020
16 Dec 2020
Experience level
The Business Risk Sr Group Manager manages multiple teams through other managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an intergral member of the functional leadership team within a country/site location, job family, or line of business.

  • Key Responsibilities
  • Establish and oversee consistent and effective Global Policy Framework for MSS, ensuring key MSS 1 LOD controls and processes are fully documented and are clearly mapped to related Policy, Standard or Procedure.

  • Drive 1Lod Regulatory and Prudential Risk strategy, identify synergies and appropriate controls to incorporate into MSS regulatory control framework. Ensure control framework and standards are implemented appropriately globally, including risks and products that impact multiple regions and jurisdictions.
  • Oversee Regulatory Inventory mapping globally. Ownership includes identifying, assessing and communicating compliance risks inherent in the business to senior management and the business.
  • Develop mechanism and approaches to provide global market's management with the right metrics and key performance indicators to actively manage the state of Citi's regulatory controls framework
  • Provide advice, guidance and support to the MSS business in complying with prevailing regulations and managing regulatory risk, global (compliance) standards and internal compliance policies and procedures.
  • Provide advice on the implementation of new control frameworks and the enhancement of existing controls.
  • Monitor changing regulatory standard and business initiatives to ensure the effectiveness of the control framework.
  • Monitor of activities to ensure they are within defined risk appetite thresholds
  • Perform and review of risk assessments to understand risk level, significance and scope
  • Keep up to date with, and understand, relevant laws and regulations
  • Monitor compliance with laws, regulations and internal policies
  • Ensure that regulatory compliance risk findings are recorded and followed up with management so that issues can be rectified
  • Educate MSS staff on not only the regulations, but also the impact on MSS if these aren't complied with
  • Investigate irregularities and non-compliance issues
  • Represent global market's businesses within initiatives that will impact the regulatory controls framework, including programs implementing new regulations, as well as programs addressing internal findings issued by 2nd or 3rd line functions (e.g., Audit or Compliance). Assist in the gathering of internal information in response to regulatory requests
  • Manage staff in multiple locations

  • Minimum 15 years in capital markets, ideally with Compliance, Audit, Control or Operational risk background
  • Experience dealing with external parties (e.g. Regulators), senior governance forums as well as second and third line control functions
  • Strong controls mindset; identifying and mitigating risks, communicating and escalating concerns
  • Demonstrable people, project and change management skills
  • Strong communication skills; ability to lead and chair governance for a, ability to effectively present/influence large groups
  • Ability to assess and critically challenge information and processes, delivering appropriate outcomes

  • Knowledge of global market's businesses, products, and client base
  • Understanding of the regulatory landscape impacting investment bank's and global markets; businesses
  • Competence leading dynamic, challenging environments while providing creative solutions
  • Ability to collaborate across businesses, regions and control functionsre
  • Project management skills, as you're likely to have to juggle a number of projects at one time.

Job Family Group:
Risk Management

Job Family:
Business Risk & Controls

Time Type:

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