Regulatory Requirements and Obligations (RRO) Identification Lead

The Legal Support Lead Officer is a senior level, non-attorney role, responsible for providing legal support to the Citi Legal team. The Regulatory Change Identification Lead (“ID Lead”) will serve as the primary party for monitoring Regulatory Changes (“RCs”) issued by regulatory authorities as defined in Regulations Management (RM) Scope in the RM Procedures. ID Leads will identify RCs through multiple channels including, but not limited to, monitoring websites, direct email notification from a regulator, and paper correspondence. Further, ID Leads will work with a third-party subscription service/vendor (via a law firm or aggregator services) to review the RCs identified by the vendor in the External Source Intake queue for assignment for applicability determinations. Upon identification of a RC, ID Leads will create RC records. In instances where an ID Lead is also the RCA (non-NAM jurisdictions), the ID Lead will preliminarily assess the RC to identify Global Assessment Units (“AUs”) that may be impacted by the RC and the associated ICRM Regulation Coverage Leads.

Responsibilities:

• Review LRRs identified by third-party subscription vendors and monitor assigned Regulatory Authorities to identify RCs in External Source Intake to disposition as applicable or not applicable.
• ID Leads will perform manual identification of RCs when a third-party subscription service/vendor (e.g., CUBE) is not available.
• Upon identification of an applicable RC, create and submit a Regulatory Change Identification Record in CR&C-RC.
• The record will include, but is not limited to, the name of the change, a summary of the change, jurisdiction, regulator, compliance date, GRC Risk Taxonomy, whether the Regulatory Change is an ETR, URL of the regulatory text from the official regulator source (pdf may only be used when an official regulator source URL cannot be found), and the calculated risk tier. In addition, Regulatory Changes that are initiated manually must be linked to the automated (CUBE) source record.
• For non-NAM jurisdictions where ID Leads and RCAs are the same person, identify and assign RC to potentially impacted AUs and their associated ICRM Regulation Coverage Leads.

• Timely execution of tasks in accordance with Metrics/KPIs due dates • Where they are the task owner or co-owner, escalate to relevant senior management where these tasks are expected to be and/or are in 'Overdue' status, in accordance with established, Program-defined governance and escalation protocols

• Timely identification of the potential extraterritorial regulations

Qualifications:

• Fluent in English and in Arabic(other languages French, would be an positive addition)

• Knowledge of Compliance laws, rules, regulations, risks and typologies or understanding regulations changes processes
• 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

Education:

• Bachelors/University degree, Master’s degree preferred.
• Experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus.

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Job Family Group:

Legal

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Job Family:

Legal Professionals

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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