Assistant Vice President - Compliance Independent Assurance- Global Functions - Mumbai- Hybrid Assistant Vice President - Compliance Independent Assurance- Global Functions - Mumbai- Hybrid with verification
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Citi’s Global Legal Affairs and Compliance (GLAC) empowers and protects Citi by providing legal, compliance, investigative, and security services to our firm. We manage compliance risk, provide legal analysis and advice, protect Citi’s people and businesses, advocate for legal and regulatory outcomes that benefit our firm and our clients, and ultimately promote behavior that is consistent with Citi’s mission and culture.
We’re currently looking for a high caliber professional to join our team as Assistant Vice President - Compliance Independent Assurance, Global Functions - Mumbai - Hybrid (Internal Job Title: AVP- C12) based in Mumbai. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
We empower our employees to manage their financial well-being and help them plan for the future.
We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
Serves as a senior compliance risk analyst for Independent Compliance Risk Management (ICRM)’s Assurance team responsible for assessing compliance risks and controls implemented by the first and second line of defense. Also responsible for performing risk assessments of Citi's compliance risks; performing independent assurance activities (testing and on-going monitoring) to assess the design and effectiveness of key controls designed to address compliance risk; reporting and escalating control issues and any violations of laws or breaches of policy; and validating adequacy of remediation taken to address reported issues.
In this role, you’re expected to:
Developing, implementing, and executing compliance testing, continuous assurance, and reporting programs within an assigned region in accordance with the Compliance Independent Assurance (CIA) Plan.
Participating in the planning, executing, and reporting of compliance assurance reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity within an assigned region in accordance with CIA Plan.
Executing compliance controls testing, transactional testing, or compliance controls monitoring activities based on the pre-defined testing plan.
Documenting findings and report to the Compliance Independent Assurance management team.
Assisting with development of Monitoring Monthly, and Quarterly Summaries and development of testing, monitoring, and reporting.
Utilizing innovative compliance testing solutions including Data Analytics to increase value and reduce costs of compliance-related activities.
Developing effective relationships within CIA function and with other stakeholders including business and technology process owners, and Internal Audit function.
Promoting knowledge sharing and promulgation of best practices across ICRM and the business.
Monitoring the risk environment and assesses the emerging risks through the Business Monitoring process.
Informing CIA management of significant compliance matters that require their attention or action.
Additional duties as assigned.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
As a successful candidate, you’d ideally have the following skills and exposure:
Knowledge of Compliance laws, rules, regulations, risks and typologies
Experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional testing, and reporting activities.
Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities
Extensive global compliance and audit related experience, and strong knowledge of business processes.
Exhibit project management, interpersonal, sound decision making, and intuitive thinking skills.
Understanding of rules, laws, and regulations, and specific regulatory requirements.
Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.
Effectiveness in working within a large scale and complex matrix organization is essential.
Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions.
Recommends appropriate and pragmatic solutions to risk and control issues.
Applies knowledge of key regulations to influence audit scope.
Develops effective line management relationships to ensure strong understanding of the business.
Must be a self-starter, flexible, innovative and adaptive
Work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization
Proficient in MS Office applications (Excel, Word, PowerPoint)
Knowledge in area of focus
Bachelor’s degree; experience in compliance, legal 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; Advanced degree a plus
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today.
https://jobs.citi.com/dei
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Job Family Group:
Compliance and Control
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Job Family:
Testing
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Time Type:
Full time
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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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