Payments Controls and Regulatory Management Risk Director

London, England, United Kingdom

12/11/2024

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The Payments Controls and Regulatory Management Risk Director is a senior specialist who sits in the Payments business and will work to make sure a robust framework exists to manage and mitigate operational, compliance and regulatory risks across the business. This role will have a primary focus on EU and UK coverage, which may extend to MEA (Middle East & Africa) and Asia to ensure consistency and coverage.

This role sits on a small team within the Cluster (Region) that has various duties in the oversight and management of the following matters for the business, including:

• Prudential and Regulatory Risk (includes Reg Change, Reg Implementation and Reg Reporting, and any BAU, ad-hoc, or escalated Reg interactions)
• Business Risk Governance (incudes Issue Management and Oversight)
• Operational and Processing Risk (includes Operational Risk Events, Control reviews)
• MCA - Manager Control Assessment (both BAU oversight and executing transformation deliverables)
• Escalations (Operational events, Tech events, internal business escalations)
• Third Party Management (Vendors, FMIs (market utilities) and Agent Banks; support of due diligence reviews and various attestations)
• Financial Crime Risk (AML, Sanctions and Fraud) with connection to Fin Crime specialists
  
  

This role with have specific duties initially focused on Prudential and Regulatory Risk, with the heightened focus and increased number of regulations across the markets. It will also have backup and coverage duties across the other Risk and Control functions mentioned above.

This is a sole contributor role, at a senior level, that requires requisite skills, experience in the EU/UK regulatory environment for Payments, with the ability to build, drive, implement and influence change to implement change and remediate gaps in current Payments Controls program.

The role works closely Compliance, Legal, Product Managers and Business Heads, Controls teams, partners in Operations and Technology, and second line/functional partners in Risk, Operational Risk Management, Fraud Risk Management and Legal.

The scope of this role may cover the following Risk Stripes as per the Citi Risk Taxonomy.

What You’ll Do

Risk Taxonomy Primary Responsibility:

Operations and Compliance Risk:

• Governance & Prudential Risk
• Operational Risk/Processing Risk
• Money Laundering Risk
• Sanctions Risk
• Fraud and Bribery Risk
• Customer Protections Risk
• Data Management Risk
• Credit Risk
  
  

Risk Taxonomy Ancillary Responsibility:

• Reputation Risk
• Risk Oversight Errors
• Strategic Risk
• Model Risk
• Market Risk
• Reporting Risk
• Physical Damage Risk
• Human Capital Risk
• Liquidity Risk
  
  

What We’ll Need From You

• Sound Knowledge of the Payments business and products (Clearing, Real Time Payments, Cross Border Payments, etc,)
• Sound knowledge of EU/UK regulatory landscape, regulations and regimes
• Experience with Controls
• Experience with Enterprise Risk Management, Risk Frameworks
• Ability to lead and drive controls across the products and functions
• Ability to manage through influence
• Ability to build rapport and work closely with key senior stakeholders and partners
• Excellent communication skills (written and verbal)
• Risk-based thinking and analytical mindset
• Self-starter who can work independently
• Strategy and execution skills to prioritize areas of focus while also driving implementation in a large, global, and matrixed environment
• Ability to work on virtual projects and across virtual teams to get work done
• Ability to multi-task and manage concurrent projects and deliverables
  
  

What We Can Offer You

Development Value:

• A broad view of large, diverse and complex TTS business with region and globally
• Opportunity to grow in a challenging business environment
• Engagement with all aspects of the business
  
  

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources
  
  

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

------------------------------------------------------

Job Family Group:

Risk Management

------------------------------------------------------

Job Family:

Business Risk & 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”) 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 Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting