C

Citi

Runs banking and payments for global clients

Senior Specialist of Related Parties - Internal Audit

Regulatory Compliance & EthicsPosted on Nov 13
Full-timeMexico City, CDMX, MexicoNo salary listedHybrid

About the Job

Requirements

  • A bachelor's or university degree is required; a law degree is preferred, while candidates with public accounting or other related academic backgrounds and relevant regulatory, legal, corporate, compliance, or corporate-governance experience may also be considered.
  • Eight to fifteen years of experience in regulatory compliance, legal affairs, or corporate governance is required.
  • Experience in financial-services institutions, law firms, consulting firms, specialized advisory firms, or a combination of these is required.
  • Demonstrated experience interpreting and implementing regulatory requirements related to related-party transactions is required.
  • Solid knowledge of Mexican financial regulation and applicable international regulatory principles is required.
  • Experience designing and implementing regulatory policies, procedures, and controls is required.
  • Experience handling audits, regulatory reviews, and financial-supervisor requests is required.
  • The ability to provide regulatory and legal judgments on related-party transactions and situations is required.
  • Professional English proficiency is required for regulatory analysis, document review, and interaction with global teams.
  • The role requires identifying, measuring, and managing key risks and controls; developing and executing controls; implementing sustainable solutions and improving processes; understanding compliance laws, rules, regulations, best practices, and Citi policies, standards, and procedures; evaluating complex risk and control activities and processes; proficiency in Microsoft Office, particularly Excel, PowerPoint, and Word; and managing multiple tasks and priorities.

Responsibilities

  • Design, develop, implement, and maintain the institution's comprehensive related-parties program.
  • Develop, update, and strengthen policies, procedures, methodologies, controls, and internal standards related to related parties.
  • Interpret and apply Mexican regulation, corporate requirements, and international standards concerning related parties.
  • Monitor regulatory changes, assess their impact on the related-parties framework, and define and drive the actions needed to implement them.
  • Advise business, control, support, and governance areas on applying regulatory requirements related to related parties.
  • Evaluate related-party operations, structures, and transactions to determine their regulatory treatment and ensure compliance with applicable requirements.
  • Identify, analyze, and manage regulatory, legal, and corporate-governance risks associated with related parties.
  • Investigate regulatory inquiries concerning related parties and prepare the documentation needed to address them.
  • Develop technical recommendations and opinions for senior management on regulatory and compliance matters involving related parties.
  • Review and validate reports, presentations, policies, procedures, and other related-party documentation to ensure compliance with applicable regulation.
  • Coordinate audits, regulatory reviews, and requests from authorities concerning related parties.
  • Prepare executive reports, indicators, and analyses for senior management, committees, and governance bodies.
  • Identify emerging risks and opportunities to improve the related-parties governance and control framework.
  • Support the design and development of Citi's comprehensive controls program and assess existing controls for effectiveness, improvement opportunities, and necessary implementation changes.
  • Drive controls enhancements to increase efficiency and reduce risk; coordinate with stakeholders and process owners to support management decisions within the firm's risk appetite.
  • Assess business and function risk appetite in light of business-environment changes, regulatory requirements, and strategic objectives; collaborate with stakeholders on risk assessment and mitigation activities.
  • Drive execution of the Enterprise Risk Management Framework and adherence to risk-management and compliance policies; collaborate with business and functions to understand control processes and identify improvements.
  • Track regulatory changes and industry best practices relevant to control management, keeping the controls program aligned with them.
  • Provide regular updates to senior management on controls assessment and design performance.
  • Assess risk in business decisions, protect the firm's reputation and assets, comply with applicable laws, rules, regulations, and policy, apply sound ethical judgment, and transparently escalate, manage, and report control issues.
  • Supervise team activity and establish accountability for failures to maintain required standards.

Desired Qualifications

  • Specialization or postgraduate study in financial law, corporate law, financial regulation, compliance, corporate governance, risk, or a related discipline is desirable.
  • Experience implementing regulatory changes and adopting new provisions related to related parties is desirable.
  • In-depth knowledge of related-party regulations and best practices in the financial sector is desirable.
  • Strong legal and regulatory analysis and interpretation capability is desirable.
  • Strong written and oral communication, including preparing executive materials for senior management and governance bodies, is desirable.
  • The ability to influence and effectively manage relationships with internal and external stakeholders is desirable.
  • The ability to work independently, manage priorities, and handle multiple initiatives simultaneously is desirable.
  • Strong organization, attention to detail, and results orientation are desirable.
  • The ability to identify emerging risks and propose pragmatic solutions aligned with regulatory expectations and institutional objectives is desirable.

About the Company

Citi

Runs banking and payments for global clients

Citi runs banking, investment and payment services for companies, governments and individuals around the world. Its global network connects institutions with local banking systems, while its US consumer business sells credit cards and deposit accounts. Corporate clients use Citi to manage cash, finance trade and raise capital, and investors use its trading, custody and wealth services to hold and manage assets. The bank earns interest on loans and fees from payments, securities transactions, financial advice and account services. Citi traces its banking roots to 1812; the Citigroup holding company was formed in 1998, and its headquarters are in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1812

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