Serves as a product compliance risk officer for Independent Compliance Risk Management (ICRM) of Citi Private Bank (CPB) reporting to the Hong Kong Head of CPB ICRM, responsible for assisting with internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm's risk appetite and protect the franchise.
In addition, engages with the ICRM Product and Function coverage teams, in order to partner to develop and apply CRM program solutions that meet CPB and customer needs in a manner consistent with the Citi program framework.
Primary responsibilities include monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to CPB and guidance on function / business / product rules / laws and interpretation on internal policies and procedures.
Key activities include :
Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
Providing guidance on rules and regulations relating to CPB operational issues, as well as, provide transactional approvals and interpretation of internal compliance policies.
Assisting with regulatory inquiries and / or examinations. This may include coordination with regulators and other parties.
Collaborating with other internal areas including : Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-
Business Risk to address compliance issues which may impact CPB.
Supporting the CPB in performing timely compliance reviews of new products.
Assisting in the development and administration of Compliance training for CPB.
Researching any new reform rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules.
Additional duties as assigned.
Education Level and relevant experience :
strong working knowledge of private banking / wealth management activities and the related operations and financial requirements
At least 7 years’ relevant financial industry experience, especially with a regulatory, compliance or legal background.
Knowledge and Skills :
Good knowledge of Compliance laws, rules, regulations, risks and typologies
Must be a self-starter, flexible, innovative and adaptive
Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
Strong written and verbal communication and interpersonal skills
Ability to both work collaboratively and independently; ability to navigate a complex organization
Advanced analytical skills
Ability to both work independently and collaborate with team members
Excellent project management and organizational skills and capability to handle multiple projects at one time
Proficient in MS Office applications (Excel, Word, PowerPoint)
Demonstrated knowledge in area of focus
Related certifications desirable