The Rules, Regulations and QC Director will support the Head of RRP Regulatory Submissions in coordinating the maintenance of enhancements to the capability inventory in alignment with latest regulatory requirements and guidance for Citi’s Recovery (Citigroup, CBNA) and Resolution (IDI, 165(d)) plans. They will also be responsible for reviewing, challenging, and quality control of narrative components to promote alignment with requirements and partnering with various senior stakeholders and subject-matter experts (SMEs) to prepare RRP submissions aligned with senior management and regulatory requirements and expectations.
Responsibilities
- Coordinate maintenance of and enhancements to the capability inventory in alignment with latest regulatory requirements and guidance
- Collaborate with various internal teams such as Risk, Operations, Treasury, Finance and Legal to gather necessary inputs for RRP submission
- Perform review and challenge and quality control of narrative components to promote alignment with requirements
- Provide SMA insights related to evolving rules and regulations and Citi’s compliance with the requirements
- Develop the executive summary and key central chapters of the Recovery and Resolution Plans
- Coordinate review and challenge as well as quality control across all Recovery and Resolution plan components
- Develop summary and supporting materials to support Board and other required signoffs on the Plans
- Develop traceability for regulatory requirements, expectations, and peer practices and ensure plans and capabilities align
Knowledge, Experience, and Skills
- Education: Bachelor’s or master’s degree in business, finance, economics, law, or related fields
- Experience: 15+ years of relevant experience in corporate treasury, risk management, financial regulation, project management, or similar fields
- Communication Skills: Excellent oral and written communications skills; must be articulate and provide direction with judgement and authority to enable effective engagement with senior stakeholders
- Expertise: Demonstrated expertise in a role focused on and comprehensive understanding of capabilities as well as proven track record with testing programs (e.g., developing testing templates, standards, criteria, documentation and after action reporting)
- Understanding of Regulatory Environment: Deep knowledge of financial regulations and requirements, particularly those relating to recovery and resolution planning
- Capital and Liquidity Management Knowledge: Should understand the complexities of capital and liquidity management
- Compliance Management: Knowledge and experience in ensuring compliance with regulatory requirements as well as experience representing large financial institutions (preferably G-SIBs) with regulatory bodies (e.g., OCC, FDIC, FRB, PRA, EBA, etc.)
- Analytical Skills: Highly developed analytical and problem-solving skills
- Technical Skills: Proven track record with project management and project management tools (e.g., Wdesk, Microsoft Product Suite) to manage large scale regulatory submissions of 1000+ pages across 30+ stakeholder groups representing all of Citigroup
- Organizational Skills: Capable of managing multiple priorities and meeting tight deadlines in a dynamic work environment
- Teaming: Proven track record engaging and partnering with Business Unit (BU) leaders and cross-functional teams (e.g., Risk, Audit, Legal, Compliance, Technology, etc.)
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Job Family Group:
Finance--------------------------------------- ---------------
Job Family:
Fin Solutions Dsgn & Implement-------------------------------------- ----------------
Time Type:
Full time------------------------------------- -----------------
Primary Location:
New York New York United States------------------------------------ ------------------
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date:
Aug 18, 2024---------------------------------- --------------------
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