MEA Cluster Head of Compliance

United States Citigroup; Dubai; On-site; USD 150,000 - 200,000; Full time

Job summary

A global financial institution seeks a MEA Cluster ICRM Head responsible for managing compliance programs across various branches and entities. The ideal candidate will have over 15 years of experience in compliance risk management, possess a bachelor's degree (master's preferred), and have strong stakeholder relationship skills. This role requires knowledge of compliance regulations and the ability to design effective compliance programs.

Qualifications

• 15+ years of experience in compliance risk management.
• Strong knowledge of applicable global compliance processes.
• Preferences for post-graduate degree or professional qualifications.

Responsibilities

• Design and manage compliance programs across the Cluster.
• Prepare compliance reports for senior management.
• Build and maintain relationships with senior stakeholders.

Skills

Compliance regulations knowledge

Stakeholder relationship management

Risk management

Education

Bachelor's degree

Master's degree preferred

Job description

Bachelor of Business Administration(Management)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

The MEA Cluster ICRM Head is responsible for designing, implementing and managing effectively and efficiently a plan, to be prepared annually, and updated quarterly for the execution of the Compliance Program for all Citi activity across the activity within the Cluster: regulated branches, legal entities and other affiliates, as well as shared service centers, such as Citi Service Centers (CSCs) and Hub Managed Countries (HMCs). This includes ensuring global policies, standards and processes are applied, and suitable addenda and supplementary procedures established and maintained for compliance with applicable jurisdictional laws and regulations. Contradictions between local law and regulations, and group standards must be promptly identified and escalated, and mitigating processes and controls established to comply with jurisdictional requirements and mitigate the risks of non- compliance with applicable group-wide or entity-chain related laws and regulations, and global policies and procedures. Responsibilities also include implementing applicable global compliance processes, setting Independent Compliance Risk Management (ICRM) priorities and driving transformation. The MEA Cluster ICRM Head will work closely with senior product, function, and Cluster management, and other ICRM teams on strategic initiatives and emerging issues. The MEA Cluster ICRM Head provides franchise support to the Citi Cluster Head and Cluster management, including offering credible challenge, escalation of issues and reporting, as appropriate. In addition, the MEA Cluster ICRM Head also provides strategic direction and facilitates the implementation of the Compliance Risk Management (CRM) Framework in the Cluster. The MEA Cluster ICRM Head will provide support to the CRCOs in all of their key responsibilities in their support of the franchise and implementations of the Compliance Risk Management Framework. The MEA Cluster ICRM Head reports to the International ICRM Head.

Responsibilities:

• In situations where this role is the designated Legal Entity Compliance Officer, the listed country/business/function/product level responsibilities will extend towards the legal entities under their purview as required to effectively perform their role.
• Compliance Reporting: Preparing quarterly, in accordance with the approved global format, and in adherence to all established requirements for the State of Compliance reporting. The State of Compliance report will be presented to the appropriate Cluster and legal entity Board or Board Audit Committee, or other such Board committee required within the jurisdiction (where applicable)
• Enhancing Governance: Providing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Key Compliance Risks across products, services, functions, legal entities, service centers and the jurisdiction as a whole. Providing stakeholders with insight and practical solutions as well as credible challenge to improve the ethical control culture, and conduct risk environment. Timely reporting of significant local regulatory issues to local, overseas, cluster, and global stakeholders. Same-day escalation of regulatory reports received. Maintaining on-going assessment and reporting of the State of Compliance through the relevant corporate governance committees such as country audit committee(s) and/or subsidiary board(s), country coordinating committee and business risk management committee, and other management body(ies) (where applicable).
• Stakeholder Support and Relationships: Developing senior management relationships, including legal entity management and Citi Country Officers, inclusive of non-executive directors (where they exist in the jurisdiction), and the Cluster CEO as well as product functional and entity/service center line management. Informing senior management and directors of subsidiary boards, and the region/business management of significant compliance matters that require their attention or action. Proactively anticipate and help the business and functions plan for changes in the compliance and regulatory environment in the cluster. Provide support to compliance programs and region/business management on policy interpretation and gray area exposures. Build and maintains relationships with other functional leads, including Legal, Risk Management, including Operational Risk Management, and Internal Audit to create a supportive and seamless compliance and ethical control culture and an appropriate conduct risk environment.

Qualifications:

• 15+ years of experience. Preference for post graduate degree and/or recognized professional qualifications where applicable. Professional qualifications may include: CRMC or equivalent, CPA, ACA, CIA, CFA, ACAMS, etc. technical knowledge of compliance regulations and requirements, through experience within a highly complex, global financial institution, regulator or related industry participant

Education:

• Bachelor s/University degree, Master s degree preferred

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