Business Risk Senior Group Manager - US Citigold/Citi Private Client Wealth Supervision
: Job Details :

The Head of US Citigold/Citi Private Client Wealth Supervision manages a team of over 50 FINRA-licensed colleagues responsible for the supervisory oversight of investments sales activity and client suitability across Wealth's Citigold/Citi Private Client Retail Branch Network. Candidate is responsible for establishing, maintaining, and supervising compliance with applicable securities laws and regulations to prevent and detect violations thereof. As the Head of US Citigold/Citi Private Client Wealth Supervision, candidate has oversight of locally registered Relationship Professionals' investments sales activity and client suitability of those products in compliance with Citi's Retail Distribution of Investment Products and Services ( RDIP ) Policy and associated standards. Oversight also includes applicable regulations as outlined by the SEC, FRB, OCC, NYSE, FINRA and state regulatory rules and regulations, as well as the Firm's policies and procedures. Regulations include but not limited to: SEC Regulation Best Interest, DOL PTE 2020-02, Reg S, Reg D, Reg W, Reg 9, Cross Border Activities (non-US securities regulatory regimes), Servicemembers Civil Relief Act (SCRA), FINRA 2090 (Know Your Customer), FINRA 2111 (Suitability), FINRA 2121 (Fair Practices and Commissions), FINRA 3110 (Supervision) including importantly 3110(a) Supervisory System and 3110(b) Written Procedures.Candidate will drive strategic direction of the team and requires solid conceptual/practical understanding of supervisory processes and systems leveraged within US Citigold/Citi Private Client Wealth. Candidate requires excellent communication skills to drive process enhancement across the Business, Control Partners, Second and Third Lines of Defense. Some external communication/negotiation may be necessary. Position is accountable for end results, budgeting, planning, policy formulation and enhancements and contribution to future strategy within Wealth Supervision. Full management responsibilities of multiple teams, including management of people, budget and planning, performance evaluation, compensation, hiring, disciplinary actions and budget approval.Responsibilities include:Escalation-point for Product-Function Compliance, Compliance Surveillance, regulatory, litigation, disciplinary, and HR mattersBusiness SME and/or working group Supervision lead: Regulation Best Interest, RDIP, OCC RNDIP, Actimize supervisory platform, Heightened Supervision, Sales Practice Incident, Mutual Fund/UIT, Non-traditional ETF, Structured Products, Alternative Investments, Non-Traded REIT, Low Priced Securities, Digital Asset Investment Product, Margin and Securities-Backed Lending, Servicemembers Civil Relief Act, Gifts & Entertainment, Pricing, Vulnerable Adult, and othersAuthors and implements Written Supervisory Procedures in accordance with FINRA 3110(b) and their associated monitoring routinesOwns Issues and Corrective Action Plans (CAPS) resulting from self-identified issues, and those identified through periodic monitoring routines and exams by the 2LOD and 3LOD, and external regulatorsFrequent weekly interaction with the Field, Compliance, Legal, Risk & Control Partners in the preparation and delivery of relevant firm and regulatory contentAccountable for management of complex/critical/large professional disciplinary areas.Oral presentations to regulators when requiredDefine Business & Functional specifications for technical enhancements and write the associated requirements documentationAbility to identify automation and efficiency opportunitiesRequires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function.Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity.Generally accountable for delivery of a full range of services to one or more businesses and geographic regions.Ensure that emerging risks identified are socialized with key stakeholders and mitigation strategies are in place.Identify areas of engagement based on level of investment, inherent risk, complexity of change and other risk factorsExecute Risk Control coverage strategy, ensure appropriate risk mitigation actions are in place and escalate to senior management as appropriateProvide supervision of Risk Control team's efforts and assist with prioritizing and addressing roadblocks encounteredLeverage reporting to identify trends, themes and areas requiring improved controlsDrive Manager's Control Assessment monitoring, quarterly approvals and improvements required and regulatory change management to mitigate risk on an ongoing basisThe position requires substantial interaction and collaboration with different Risk teams, Compliance, Legal, Product and Operations, and other functional business partners to optimize controlsAppropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.Qualifications:FINRA Series 7, 66 (or 63 and 65), 24, 4, 53 (and/or 9/10)Relevant 15+ years of supervisory experience in the financial industry; compliance or other risk experience also preferredExperience managing teams with broad accountability in a complex environmentAbility to work effectively in a cross-functional organization Ability to balance strategic priorities with tactical actions Proven track record and accountability in making quick decision that have an immediate impact on business financialsStrong Leadership skillsStrong staff development and ability to delegateIn-depth knowledge of Bank and Broker-Dealer businessesStrong knowledge and experience in complex investment products such as Alternatives, Structured Products, Derivatives, Syndicate, Options and Third Party Managed FundsAbility to multi-task, assess and balance diverse prioritiesStrong presentation skills with ability to interact with all levels of Citi ManagementAbility to work in a team-oriented environmentStrong analytical skillsExcellent written and verbal communication skillsStrong organizational and time management skillsExcellent interpersonal, relationship, negotiating and diplomacy skillsAbility to work independently, execute on agreed upon timelines and work under pressureExperience in internal/external audit managementStrong problem-solving skillsAbility to see the big picture with high attention to critical detailsDemonstrated ability to contribute to/participate in process improvement initiativesAbility to identify issues/trends, evaluate alternatives and recommend comprehensive and innovative solutionsStrong Project Management SkillsProficiency in MS Office (including Excel, PowerPoint, SharePoint, and Teams), Pershing NetX360, Actimize Surveillance, Salesforce and other related business applications preferred Education:Bachelor's/University degree or equivalent, Masters degree a plus------------------------------------------------------Job Family Group: Risk Management------------------------------------------------------Job Family:Business Risk & Control------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:Jacksonville Florida United States------------------------------------------------------Primary Location Full Time Salary Range:$170,000.00 - $300,000.00In 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:Dec 02, 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.View the EEO is the Law poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting