Citi Group SVP Compliance Product Senior Officer - Swap Dealer – C14 New York 

United States, New York, New York 

251682525

Serves as a senior product 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 product 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 the supported product and the associated regulatory rules/laws and interpretation on internal policies and procedures. Specifically, the role is responsible for advising on compliance risk management activities for Citi's swap dealer entities with a focus on Swap Data Reporting (Trade Reporting), Margin, and other primarily operational rulesets, which involve multiple business lines and functions, globally, in relation to compliance with CFTC and SEC Swap Dealer regulations; supporting swap dealer program governance (e.g., Swap Dealer Governing Body, Governing Body Subcommittee, Governing Body Working Group); and, implementing/executing regulatory requirements for compliance programs and Chief Compliance Officers.

Responsibilities:

• Designing, developing, delivering and maintaining best-in-class Swap Dealer 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.
• Analysing and scoping the impact of new and complex Swaps regulatory developments across senior function/business/product, including cross-border impact.
• Serving as a subject matter expert on Citi’s Compliance programs. Provides expert guidance on swaps regulations on a real-time basis to manage compliance risk.
• Overseeing the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to swaps.
• Staying abreast of relevant changes to swaps rules/regulations and other industry news including regulatory findings.
• Advising ICRM and Swap Dealer 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.
• Designing and lead compliance and control reviews.
• Partnering with other ICRM 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.
• Participating in industry groups and trade association working groups or other forums.
• Additional duties as assigned.

Qualifications:

• Expertise of Compliance in Swaps/Securities 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.
• Awareness of swaps regulatory requirements including local and US laws, international and industry standard
• Advanced knowledge in Swaps regulation

Education:

• Required: Bachelor’s degree; experience in swaps compliance, legal, regulatory operations or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in swaps products; strong working knowledge of swaps and the related operations and requirements (e.g., SDR, Margin and Capital Requirements for Covered Swap Entities, Portfolio Reconciliation, Confirmation, Mandatory Clearing, among others).
• Advanced degree (e.g. JD, MBA) strongly preferred
  

Anticipated Posting Close Date:

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