Regulatory Reporting Team Manager - VP

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Team/Function Overview

The Operations Regulatory Control group is a centralized unit within ICG O&T that is responsible for the oversight of day to day compliance for regulatory reporting including exception management and risk mitigation for the EMEA Region.

The team is responsible for the review, action and oversight of daily regulatory reporting and exception management.

The team provides a crucial level of governance to safeguard Citi and its clients for their reporting obligations. ORC works closely with Compliance, Business, Technology and Operations to interpret, investigate and remediate regulatory related issues, and to track risk through metrics analysis, trending oversight and timely escalation.

Role / Position Overview

The role of a VP within the ORC department is to provide daily supervision and management of key controls and processes, in order to ensure a best in class provision of regulatory reporting on behalf of the firm and its clients.
Review of trade, position and transaction reporting validation and reconciliation exceptions pertaining to trade / transaction data submitted to numerous National Competent Authorities (such as FCA, Central Bank of Ireland, BaFIN, Bank of England and other Debt Management Offices across Europe)
The individual will be responsible for managing a team in Belfast, working collaboratively with Operations, Technology, Compliance, Internal Audit and the business, to maintain strong working relationship and support proactive governance and control management.

The role will involve working alongside the ORC Reporting Team Senior Manager in London and managing a team of SMEs in Belfast. The role requires strong leadership and communication skills to present to Senior Management in London, highlighting issues and solutions through interpretation of submitted data.

Responsibilities

• Establishes and oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
• Independently assess' risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
• Serves as a subject matter expert for Issues Management (KPI/KRI/Corrective Action Plans)
• Resolves transactional level escalations coming from the vendor or internal partners
• Analyzes a multitude of scorecards/performance management tools in an attempt to mitigate exposure (risk/financial/regulatory)
• Monitors goals are met through performance, risk and relationship oversight of our extended supply chain
• Develops and maintains relationships across the business users and Lines of Defense to better understand and deliver customer requirements by responding to changes in the internal and external business environment
• Acts as SME to senior stakeholders and /or other team members.
• Has the ability to operate with a limited level of direct supervision.
• Help drive implementation and perform monitoring and testing of firms submission data and exceptions/rejections to develop appropriate controls to drive the completeness, accuracy and timeliness of regulatory reporting obligations within ORC
• Key tasks to involve the monitoring of staff and regulatory processes performed by the Reporting team in Belfast, and to support the successful identification and remediation of failed controls (specifically but not limited to, the analysis of keys controls, UAT of future enhancements and regulatory reporting remediation tasks)
• Can exercise independence of judgement and autonomy.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Development Value

• Exposure to all areas of Capital Markets & Banking and associated products;
• Develop an understanding of both short and long-term project management and tracking;
• Develop stakeholder management competence at peer and senior manager level.
• Develop an understanding of Citigroup at a more strategic level;
• Have access to an extensive online learning resource.
• Interaction with senior Citi representatives from Ops, Business and Technology, both written and verbal
• Citi success depends on its people and their ability to develop and grow within the organisation. ORC support all employees to feel empowered to take responsibility for their own development.

Knowledge/Experience/ Qualifications:

• 6-10 years experience navigating and networking across an enterprise utilizing internal and external resources.
• Third Party Oversight/Vendor Oversight experience preferred Business writing experience preferred
• Control environment experience and exception-based control management essential
• In depth knowledge of Operational processes and technology platforms supporting the Operations.
• Understand impact of external factors (e.g. regulatory changes) on departmental strategy;

Education:

• Bachelor's/University degree, Master's degree preferred

-------------------------------------------------
Job Family Group:
Risk Management -------------------------------------------------
Job Family:
Operational Risk ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. 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 the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting