By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview The Payments Controls and Regulatory Management Risk Director is a senior specialist who sits in the Payments business and will work to make sure a robust framework exists to manage and mitigate operational, compliance and regulatory risks across the business.
This role will have a primary focus on EU and UK coverage, which may extend to MEA (Middle East & Africa) and Asia to ensure consistency and coverage.
This role sits on a small team within the Cluster (Region) that has various duties in the oversight and management of the following matters for the business, including:
Prudential and Regulatory Risk (includes Reg Change, Reg Implementation and Reg Reporting, and any BAU, ad-hoc, or escalated Reg interactions)Business Risk Governance (includes Issue Management and Oversight)Operational and Processing Risk (includes Operational Risk Events, Control reviews)MCA - Manager Control Assessment (both BAU oversight and executing transformation deliverables)Escalations (Operational events, Tech events, internal business escalations)Third Party Management (Vendors, FMIs (market utilities) and Agent Banks; support of due diligence reviews and various attestations)Financial Crime Risk (AML, Sanctions and Fraud) with connection to Fin Crime specialistsThis role will have specific duties initially focused on Prudential and Regulatory Risk, with the heightened focus and increased number of regulations across the markets.
It will also have backup and coverage duties across the other Risk and Control functions mentioned above.
This is a sole contributor role, at a senior level, that requires requisite skills and experience in the EU/UK regulatory environment for Payments, with the ability to build, drive, implement and influence change to remediate gaps in the current Payments Controls program.
The role works closely with Compliance, Legal, Product Managers and Business Heads, Controls teams, partners in Operations and Technology, and second line/functional partners in Risk, Operational Risk Management, Fraud Risk Management and Legal.
What you'll do Risk Taxonomy Primary Responsibility:
Operations and Compliance Risk:
Governance & Prudential RiskOperational Risk/Processing RiskMoney Laundering RiskSanctions RiskFraud and Bribery RiskCustomer Protections RiskData Management RiskCredit RiskRisk Taxonomy Ancillary Responsibility:
Reputation RiskRisk Oversight ErrorsStrategic RiskModel RiskMarket RiskReporting RiskPhysical Damage RiskHuman Capital RiskLiquidity RiskWhat we'll need from you Sound Knowledge of the Payments business and products (Clearing, Real Time Payments, Cross Border Payments, etc.
)Sound knowledge of EU/UK regulatory landscape, regulations and regimesExperience with ControlsExperience with Enterprise Risk Management, Risk FrameworksAbility to lead and drive controls across the products and functionsAbility to manage through influenceAbility to build rapport and work closely with key senior stakeholders and partnersExcellent communication skills (written and verbal)Risk-based thinking and analytical mindsetSelf-starter who can work independentlyStrategy and execution skills to prioritize areas of focus while also driving implementation in a large, global, and matrixed environmentAbility to work on virtual projects and across virtual teams to get work doneAbility to multi-task and manage concurrent projects and deliverablesWhat we can offer you Development Value:
A broad view of large, diverse and complex TTS business with region and globallyOpportunity to grow in a challenging business environmentEngagement with all aspects of the businessWe work hard to have a positive financial and social impact on the communities we serve.
In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenureA discretional annual performance related bonusPrivate medical insurance packages to suit your personal circumstancesEmployee Assistance ProgramPension PlanPaid Parental LeaveSpecial discounts for employees, family, and friendsAccess to an array of learning and development resourcesAlongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.
We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need?
Then apply to discover the true extent of your capabilities. ------------------------------------------------------
Job Family Group: Risk Management
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Job Family: Business Risk & Control
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Time Type: Full time
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