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Markets Compliance Officer - Senior Vice President

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Citi

17d ago

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • Johannesburg

AI generated summary

  • You must have compliance expertise, strong analytical skills, JSE exams, experience with regulatory exams, and the ability to work collaboratively in a complex global organization.
  • You will design and implement compliance programs, advise on regulations, manage compliance risks, lead projects, respond to regulatory inquiries, and collaborate with various teams to ensure compliance.

Requirements

  • Expertise of Compliance laws, rules, regulations, risks and typologies;
  • 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 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.
  • Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization,
  • MUST have JSE Equities, Derivatives and Interest Rate Derivatives exams

Responsibilities

  • Designing, developing, delivering and maintaining best-in-class Compliance, programs, policies and practices. Translates Compliance 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 function/business/product regulations on a real-time basis to manage compliance risk.
  • Staying abreast of relevant changes to 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 the supported function/business/product.
  • Analysing and scoping the impact of new and complex regulatory developments across senior function/business/product, including cross-border impact.
  • Advising Markets and function/business/product management and personnel on regulatory and compliance issues and provide credible challenge.
  • 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.
  • Partnering with other Compliance teams and global functions, including Legal, Risk, Operations and Technology, and Finance to prevent and detect non-compliance issues and promote a culture of compliance.
  • Additional duties as assigned.
  • Appropriately assess risk when business decisions are made.

FAQs

What is the main responsibility of the Markets Compliance Officer - Senior Vice President?

The main responsibility is to serve as a senior function/business/product Markets Compliance risk officer for Independent Compliance Risk Management (ICRM), establishing internal strategies and programs to prevent violations of law, regulation, and maintaining risk levels within the firm's risk appetite.

What qualifications are required for this position?

A Bachelor's degree is required, along with experience in compliance, legal, or other control-related functions in financial services. Additionally, candidates must have JSE Equities, Derivatives, and Interest Rate Derivatives exams.

What skills are essential for the role?

Essential skills include expertise in compliance laws and regulations, excellent written and verbal communication, strong analytical skills, attention to detail, strong presentation abilities, and the capacity to influence and collaborate with global partners.

Is experience with regulatory examinations necessary?

Yes, experience in managing regulatory exams and relationships with examiners and auditors is essential.

What type of projects would the Markets Compliance Officer be involved in?

The officer would lead initiatives and manage high-impact special projects, including coordinating the implementation of new regulatory requirements.

What does the company do to promote a culture of compliance?

The company partners with other Compliance teams and global functions, such as Legal, Risk, Operations, and Technology, to prevent and detect non-compliance issues, fostering a culture of compliance across the organization.

Are there opportunities for additional duties or responsibilities?

Yes, the job description indicates that additional duties may be assigned as needed.

What type of team environment can one expect in this role?

Candidates can expect a team-oriented environment that values collaboration across different functional units and cultures at a senior level.

What is the time commitment for this position?

This is a full-time position.

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Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

  • Live Well, Stay Healthy

    Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

  • Paid parental leave

    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.

  • Save well, for now and your future

    We empower our employees to manage their financial well-being and help them plan for the future.

  • Keep learning

    Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.