Franchise Governance Officer
Dubai, United Arab Emirates
Job Description
Job Purpose:The Compl Governance Officer is a strategic professional who The Franchise Governance Officer is a key First Line of Defense role responsible for supporting the CCOs with franchise governance and franchise management in line with IFM and Citi’s Policies and support the MENA CAO with the implementation of transformation initiatives at the countries and cluster level. FGO will also have oversight over the FGO resources as per appointment and assigned structure and within assigned countries. Key Responsibilities: Franchise Governance:
- Support CCOs in performing governance oversight for country franchise, including legal entity management
- Ensure that country governance framework (Including HMCs) complies with policy requirements and committees are run in accordance to applicable charters.
- Review evidence of compliance & escalate instances of non-compliance.
- Coordinate BRCC on behalf of the CCOs. Review deck materials and distribute to participants. Prepare and distribute minutes. Monitor follow-up actions.
- Coordinate CCC on behalf of the CCOs. Review deck materials and distribute to participants. Prepare and distribute minutes. Monitor follow-up actions.
- Maintain charters and other governance documents and reporting
- Scorecards - review validation & coordination, follow up on Red and Amber items
- IFM/Franchise Management Coordination
- Board governance oversight in conjunction with company secretaries – if applicable and as per assigned countries
- Oversight of activities related to GRC. Support the franchise during monitoring/testing activities, MCA, Control Performance Assessment and Quarterly and Annual Risk Assessments coordination (QRAs, ARAs).
- Oversight of Issue Management to ensure proper identification of issues and timely CAP closures. Escalation of any potential Issue re-targets, re-opens, target dates at risk. Work with the businesses to ensure necessary approvals are secured for any re-targets. Escalate any items at risk and secure support for remediation efforts in conjunction with 2nd Line and other partners.
- Oversight of Operational Risk controls, issues, remediation efforts and controls enhancements. Includes Data governance (CCOs attestation coordination).
- Oversight and support for third party management in each location
- Oversight of Compliance Risk controls, issues, remediation efforts and controls enhancements, including AML, Sanctions, Conduct Risk
- Oversight of Operational resilience activities, including continuity of business and Cyber exercise, in conjunction with responsible country teams
- Oversight of NPAC / PAP processes and proposals
- Coordination of country scenario plan on behalf of CCO
- Oversight of ICAAP process to support CCOs in conjunction with Risk and Business
- Audit Management & independent review coordination in conjunction with ICRM
- Subject matter expert for dedicated countries on Risk, Controls and Governance
- Oversight of Business Reviews for the CCOs for assigned countries - follow up on action items till closure
- Oversight of annual planning cycle & Strategic planning, expense planning (Finance to coordinate)
- Represent Governance & Controls in Transformation programs
- Internal Communication and initiatives in conjunction with GPA
- Support general franchise initiatives assigned by MENA CAO and/or Cluster FGO
- Coordinate People initiatives in conjunction with HR: R&R, VOE, MA Program
- Supporting the CCO in regulatory, governmental and other public engagement as required
- Oversight of Regulatory Interactions to ensure interactions are appropriately recorded in RET
- Regulatory Audit oversight in conjunction with ICRM
- Manage assigned sources under FGO organization structure within MENA CAO organization for selected countries
- At least 10 years of experience in the Financial Services Industry, preferably with experience in corporate governance, enterprise risk management, consulting, program management, compliance and/or legal
- Graduate/ Postgraduate degree in Business Administration, Legal and/or Finance
- Up-to-date understanding of key risk management and corporate governance concepts
- General understanding of financial institutions framework and applicable regulation
- Knowledge of the financial services industry, including businesses, products and risk management processes. Citi-specific knowledge is a plus
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Job Detail
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Job IdJD1429786
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned