Compliance Testing Team Lead - Equities & Spread Products (Senior Vice President) | London, UK

Citi; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compliance Testing Team Lead to oversee compliance risks and controls within their organization. In this pivotal role, you will develop and execute compliance testing programs, ensuring adherence to regulatory standards while fostering relationships across various business units. Your expertise in equities and compliance laws will be vital in assessing risks and implementing innovative testing solutions. Join a dynamic team where your contributions will help shape compliance strategies and enhance operational effectiveness in a complex financial landscape. This opportunity promises professional growth and the chance to make a significant impact in the field of compliance.

Qualifications

• Extensive experience in Compliance Testing and expertise in Equities.
• Strong understanding of compliance laws and auditing principles.

Responsibilities

• Lead compliance testing programs and validate remediation of control issues.
• Develop relationships with stakeholders and report findings to management.

Skills

Compliance Testing

Equities and/or Spread Products

Compliance laws and regulations

Auditing principles

Interpersonal skills

Oral communication

Collaborative working

Education

Bachelor's degree

Master's degree

Job description

Compliance Testing Team Lead - Equities & Spread Products (Senior Vice President)

Serves as a senior compliance risk officer for Independent Compliance Risk Management (ICRM)'s Testing team responsible for assessing compliance risks and controls implemented by the first and second line of defense. Also responsible for performing risk assessments of Citi's compliance risks; performing independent testing activities (testing and on-going monitoring) to assess the design and effectiveness of key controls designed to address compliance risk; reporting and escalating control issues and any violations of laws or breaches of policy; and validating adequacy of remediation taken to address reported issues.

In this role, you're expected to:

• Developing, implementing, and executing compliance testing, continuous testing, and reporting programs in accordance with the Compliance Independent Assessment (CIA) Plan.
• Participating in the planning, executing, and reporting of compliance testing reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity in accordance with CIA Plan.
• Serving as a lead reviewer for complex reviews, analysing report findings, and communicating findings to corresponding control/process owners.
• Ensuring the timely delivery of high quality, value-added testing reports for a portfolio of business activities, which meet the requirements of the Boards of Citigroup and Citibank, their affiliates, and of Citi's respective regulators, globally.
• Utilizing innovative compliance testing solutions including Data Analytics to increase value and reduce costs of compliance-related activities.
• Developing effective relationships within CIA function and with other stakeholders including Business process owners, Risk management and Internal Audit function.
• Identifying industry best practices and share insight with the CIA teams on a regular basis.
• Informing CIA management of significant compliance matters that require their attention or action.

As a successful candidate, you'd ideally have the following skills and exposure:

• Extensive experience in Compliance Testing
• Expertise in Equities and/or Spread Products
• Expertise of Compliance laws, rules, regulations, risks and typologies
• Extensive experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities for global businesses/programs.
• Knowledge and extensive experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities
• Demonstrated career progression within highly respected diversified institutions with complex and diverse products and customers
• Understanding of rules, laws, and regulations, and specific regulatory requirements impacting financial services
• Strong interpersonal skills for building strong relationships with stakeholders and engaging teams
• Effectiveness in working within a large scale and complex matrix organization is essential
• Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions
• Ability to work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level
• Experience in managing regulatory exams and relationships with examiners, auditors, etc.
• Awareness of regulatory requirements including local and US laws, international and industry standards

Education:

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