Job Purpose:

• Reporting to the Citi Global Wealth Business Risk and Control Head for Middle East & Africa, the In-Business Regulatory Risk Officer is responsible for supporting the identification and mitigation of regulatory risks in the end-to-end process to operate within the approved risk appetite.

Job Background/context:

The candidate will operate in close partnership with the 2nd line of defense (in particular, Independent Compliance Risk Management, Legal and Independent Operational Risk Management) responsible for monitoring business adherence with all laws, regulations and rules and internal policies. The candidate will collaborate with Businesses and Functional Teams to ensure regulation risks are adequately managed end-to-end, rather than within functional silos.

Key Responsibilities:

• Actively collaborating within business teams to identify, evaluate, and manage regulatory adherence risks arising from New regulations, Business strategy, Development of new products and services, Changes in regulations or internal policies, or from business-led changes.
• Working with Business, Legal & ICRM to continuously evaluate and drive the maintenance of the regulatory inventory linkage to supporting controls in Citi\xe2\x80\x99s system of record so that management can effectively demonstrate adherence to applicable laws and regulations through the Manager\xe2\x80\x99s Control Assessment program.
• Supporting the evaluation of Regulation Risk as part of Countries\xe2\x80\x99 MCA Annual Risk Assessment. Reviewing Countries\xe2\x80\x99 evaluation of Regulation Risk Control performance to identify and escalate high residual risks and those breaching their defined risk appetite. Contributing towards a 1st line state of regulatory adherence report for senior management, including corrective actions and improvements required to mitigate the identified risks.
• Proactively supporting the identification of business opportunities to improve regulation risk management, prioritizing reviews to uncover root causes and unknown drivers of risk. The candidate will analyze data and findings to define and present clear, concise recommendations to business leaders to strengthen their ability to make impactful strategic decisions, policy and procedure improvements, and other business strategies.
• Developing strong relationships with Business, Operations & Technology leadership and partners in 2nd and 3rd lines of defense and engage with them to reduce and mitigate regulation risk. The candidate will also participate in discussions pertaining to the continuous enhancement of regulation controls and monitoring. This includes engaging with Regional Subject Matter Experts to develop requirements to automate controls and digitize monitoring where appropriate.
• Participating in targeted reviews and engaging with Internal Audit and Compliance Assurance over potential regulatory findings.
• Dedicated Citi Private Bank Risk and Control partner and supporting the MEA Risk & Controls Head with respect to furthering the risk and control agenda for MEA countries by working with the country representatives and regional CPB teams to develop and implement a robust and integrated Risk and Control framework; partnering on various initiatives; enhancing and strengthening the MCA program; collaborating on audits, escalations, lesson learnt exercises, P&L remediation and leading horizontal reviews based on emerging issues identified to check for applicability and relevance.

Development Value:

• The role will provide exposure towards developing a comprehensive understanding of the

• Regulatory environment in the UAE and Middle East and Africa for the entire spectrum of the Wealth management business.
• Product / project/ procedures design and execution life cycle and interaction with senior managers across both 1st , 2nd and 3rd line of defense within MEA CGW businesses.

Knowledge/Experience:

• Working knowledge of core end-to-end regulatory change management process, as well as engaging with 2nd/3rd lines of defense
• Experience with risk and control management
• Understanding / familiarity with wealth management products, business

Skills and Competencies

• Ability to move from granular detail to strategic level, with effective executive presentation skills.
• Comfortable operating with limited guidance and time pressures
• Experience with challenging projects and comfort with contributing to a collaborative environment through knowledge sharing and mutual respect
• Excellent communication skills, both written and verbal, able to communicate effectively with senior internal stakeholders

Qualifications:

Education Level: Graduate

Experience: Min 10 years



Job Family Group: Compliance and Control



Job Family: Business Control



Time Type: Full time



Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi\xe2\x80\x9d) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .

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