Full-Time

Compliance Business Control Officer

VP

Confirmed live in the last 24 hours

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Compensation Overview

$103.9k - $155.9kAnnually

+ Incentive Awards + Retention Awards

Senior, Expert

Tampa, FL, USA

Hybrid position.

Category
Strategy Development
Business & Strategy
Required Skills
SQL
Excel/Numbers/Sheets
Requirements
  • 6-10 years relevant work experience in Business Risk & Controls
  • 5+ years’ experience in financial services.
  • MS Excel, MS PowerPoint, SQL
  • Consistently demonstrates clear and concise written and verbal communication skills.
  • Effective organizational influencing skills required.
  • Excellent problem-solving skills Ability to see the big pictures with high attention to critical details.
  • Demonstrated ability to develop and implement strategy and process improvement initiatives.
  • Knowledge of regulatory rules 10b-10, 606b-3, 17a-13, a plus but not necessary
  • Knowledge of client documentation, client confirmations, client statements, prospectuses, a plus but not necessary.
  • Bachelor’s/University degree or equivalent experience
Responsibilities
  • Responsible for supporting Governance and Oversight and control programs for Client Reporting Oversight including defining the strategy, approach, processes, quality, tools and reporting that provide risk management consistency and excellence.
  • Works closely with business partners on findings and makes recommendations on improving practices.
  • Responsibilities also include supporting Control Design Projects and Issues through inception, execution and closure and examining the Operations environment for existing controls, potential enhancements (through automation, or other efficiencies), or the need to develop new, more effective controls.
  • Develops procedural implementation and change management process with Operation teams to ensure proper governance and controls exist.
  • Examines procedures for consistency and gaps relative to regulations in addition to impacts on customer experience.
  • Has the ability to operate with a limited level of direct supervision.
  • Leads Strategic Program Implementations
  • Acts as SME to Client Reporting Oversight Manager, stakeholders and /or other team members.
  • Apply knowledge of the business, products, or services to identify and implement control points and processes throughout the business.
  • Contribute to governance, management, coordination, and the facilitation of the execution of the Manager Control Assessment (MCA, i.e., Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes.
  • Monitor and coordinate the identification, documentation and remediation of issues and corrective action plans (CAPs).
  • Assist Client Reporting management in exercising control over Operational and Compliance Risk in accordance with established Policy requirements and contribute to the Policy and Procedure reviews and enhancements.
  • Appropriately assess risk when business decisions are made, demonstrating 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.
  • Manage existing EUC’s, lead the automation, and leverage tools and capabilities (including EUC Inventory management and workflow system capabilities) to ensure appropriate inventory management governance exists around the EUC.
  • Assist in performing a detailed analysis on the identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.
  • Creation of metrics, including gathering, reporting, trend analysis.
  • Manages a multi-faceted project/account/campaign or multiple projects at the same time.

Citigroup provides a variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, allowing it to facilitate cross-border transactions and serve a diverse clientele. Citigroup's products work by leveraging its extensive global network and technology to provide efficient banking solutions, generating revenue through interest on loans, service fees, trading, and investment management. What sets Citigroup apart from its competitors is its strong focus on sustainability and social responsibility, demonstrated through its investments in environmental, social, and governance (ESG) initiatives. The company's goal is to create a positive financial and social impact while achieving growth and profitability.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

New York City, New York

Founded

1812

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Simplify's Take

What believers are saying

  • Citi's investment in Pylon enhances access to institutional-grade mortgage products.
  • The rise of DeFi platforms offers Citi opportunities for innovative financial products.
  • Increased focus on digital banking can enhance Citi's customer experience and efficiency.

What critics are saying

  • Increased competition from fintechs like Capitolis may erode Citi's market share.
  • Investment in Pylon exposes Citi to mortgage market volatility risks.
  • Large debt funding deals increase Citi's exposure to credit risk in the SME sector.

What makes Citigroup unique

  • Citi operates in over 160 countries, offering a vast global financial network.
  • The company integrates technological innovations to deliver seamless banking solutions.
  • Citi's commitment to ESG initiatives sets it apart in sustainable finance.

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