Compliance Product Officer (VP) - Control Group - Research Clearance and Chaperoning
Company: Citi
Location: Jersey City
Posted on: April 28, 2024
Job Description:
Serves as a Control Group compliance officer, specifically
relating to research publications for the Independent Compliance
Risk Management (ICRM) department. ICRM is responsible for
assisting with internal strategies, policies, procedures,
processes, and programs to prevent violations of laws, rules &
regulations. ICRM designs and delivers a risk management framework
that maintains risk levels within the firm's risk appetite and
protects the firm's franchise. In addition, engages with the ICRM
Product, Banking & Research business teams, in order to partner,
develop and apply ICRM program solutions that meet the business and
Research Department 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 the Research Department , guidance on Research
Publications, The Global Research Settlement , capital formation
rules, laws and procedures and interpretation on internal policies
and procedures. Responsibilities:
- 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
Research operational issues, as well as, providing transactional
approvals and interpretations of internal compliance policies. This
includes:
- Identifying, evaluating and resolving issues related to the
publication of Investment Research product.
- Independently engage with senior Business management and other
global functions to resolve complex issues and address the
associated Compliance and Regulatory Risks.
- Responding to questions from Research analysts, Research
management and investment bankers regarding issues related to
Research product and the capital formation process.
- Reviewing and approving Research analysts' requests to make
public appearances and the provision of disclosures in compliance
with FINRA Rule 2241.
- Chaperoning and tracking authorized discussions between
research analysts and investment bankers and monitoring such
communications during the capital formation process.
- 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 the supported businesses
- Supporting the Research and Investment Banking businesses in
performing timely compliance reviews of new products.
- Assisting in the development and administration of Compliance
training for the supported businesses.
- Researching any new reform rules and rule changes and
implementing policies, procedures or other controls necessary to
comply with the rules.
- Maintain the Firm's Watch and Restricted List and determining
appropriate levels of restrictions and quiet periods.
- Collaborate with colleagues on a global level and standardize
regional practices.
- Provide senior leadership and support to other members of the
Research Clearance and Chaperoning team including developing and
implementing training programs for new joiners.
- Lead special projects to enhance efficiencies, identify and
mitigate risk, and implement technological solutions.
- Additional duties as assigned. Qualifications:
- Knowledge of applicable compliance laws, rules, regulations,
risks and typologies
- Extensive knowledge of FINRA Rules 2241 and 2242, Rules 138 and
139 safeharbors, Section 5 risks, The Global Research Settlement &
The Jobs Act (EGCs) preferred
- Exposure to Control Group, or Product Compliance roles (Banking
or Research) within a financial services firm preferred
- At least 5 years experience in compliance, legal, or other
control-related function in a financial services firm, or a
combination thereof preferred
- Demonstrated knowledge in Research Review, Global Settlement
and Capital Formation issues preferred
- 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 Research Review, Global Settlement
and Capital Formation issues
- Able to work the assigned shifts of this team as follows:
6:30am - 3:30pm, 9am-5:30pm, 11am-7pm. Each team member rotates
through with a typical month working, one early, two middle and one
late shift Education:
- Bachelors (4 Year University) Degree or equivalent experience
required 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
areas of focus (Banking & Research)
- Advanced Degree (JD, MBA, etc.) preferred
- Relevant certifications, or securities licenses is a plus
------------------------------------------------------ Job Family
Group: Compliance and Control
------------------------------------------------------ Job Family:
Product Compliance Risk Management
------------------------------------------------------ Time Type:
Full time ------------------------------------------------------
Primary Location: Jersey City New Jersey United States
------------------------------------------------------ Primary
Location Full Time Salary Range: $142,320.00 - $213,480.00 In
addition to salary, Citi's offerings may also include, for eligible
employees, discretionary and formulaic incentive and retention
awards. Citi offers competitive employee benefits, including:
medical, dental & vision coverage; 401(k); life, accident, and
disability insurance; and wellness programs. Citi also offers paid
time off packages, including planned time off (vacation), unplanned
time off (sick leave), and paid holidays. For additional
information regarding Citi employee benefits, please visit
citibenefits.com. Available offerings may vary by jurisdiction, job
level, and date of hire.
------------------------------------------------------ Anticipated
Posting Close Date: Apr 17, 2024
------------------------------------------------------ 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 .
Keywords: Citi, Jersey City , Compliance Product Officer (VP) - Control Group - Research Clearance and Chaperoning, Executive , Jersey City, New Jersey
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