Serves as a compliance risk officer for Independent Compliance Risk Management (ICRM) in South Africa based in Johannesburg responsibilities include;
- The role is a member of the EMEA Securities Services Product ICRM team covering the Securities Services businesses primarily Custody services. This is a regulated role.
- Supporting the Country Compliance Officer in assuring Citi’s compliance risks are adequately identified, assessed, controlled and monitored through the effective management and implementation of the various elements of the compliance program.
The role will be responsible for assisting with, designing policies, procedures, processes, and programs to prevent violations of law, rules, or regulations and to 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 other ICRM Product and Function coverage teams, in order to collaborate, develop and apply ICRM program solutions that meet the Securities Service (“SS”) product and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to the supported ICRM Product and Function and guidance on product & function rules/laws.
Responsibilities:
- Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
- Assist with regulatory inquiries and/or examinations.
- Acting as Strate Compliance Officer including managing Strate Communication, such as responding on fines, ad-hoc Strate requests and communication. Attendance at Strate Compliance officer forums
- Collaborating with other internal areas including: Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the supported ICRM Product and Function .
- Supporting the business in performing timely compliance reviews of new transactions and/or products.
- Assisting in the development and administration of Compliance training for the supported ICRM Product and Function.
- Researching any rules/directives and rule/directive changes and implementing policies, procedures or other controls necessary to comply with the rules/regulations
- Maintaining the required Continuous Professional Education points to comply with Strate requirements.
- Attendance at and participation in various governance meetings.
- Additional duties as assigned.
Qualifications:
- Working Knowledge of Compliance laws, rules, regulations, risks and typologies in the supported function/business/product
- Excellent written and verbal communication skills
- Must be a self-starter, flexible, innovative and adaptive
- Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
- Work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization
- Excellent project management and organizational skills and capability to handle multiple projects at one time
- Proficient in MS Office applications (Excel, Word, PowerPoint)
- Knowledge in area of focus
- Relevant certifications desirable
- Completed Strate Custody Exams would be preferable
- Knowledge of Custody Services and or Securities Services
Education:
- 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
------------------------------------------------------
Job Family Group:
Compliance
------------------------------------------------------
Job Family:
Business Compliance Risk Management
------------------------------------------------------
Time Type:
Full time
------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Business Acumen, Credible Challenge, Digital Skills (Including AI), Laws and Regulations, Process Execution, Program Management, Referral and Escalation, Risk Controls and Monitors, Risk Identification and Assessment.
------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
