• Chief Country Compliance Officer Jobs in Mumbai,India

  • Citibank India
  • Save Job
  • 20 - 23 Years
  • Posted : 23 days ago

Job Description:

The Citi Compliance Cluster Head India is responsible for providing strategic direction and hands on guidance to the CCCOs in Bangladesh and Sri Lanka to ensure that CCCOs are fulfilling their key responsibilities as outlined below and is concurrently responsible as CCCO India for the country-level program In addition, as the Cluster Head this role may be required to meet with local regulators and/or Country Management in Bangladesh and Sri Lanka

Key Responsibilities Governance and Organization

Annual Country Compliance Plan Preparing, obtaining approval and successfully completing an annual compliance risk management plan, in accordance with the global template and content and presentation requirements, setting out how compliance risk will be managed within the jurisdiction and its constituent parts, and the role to be played by ICRM in order to achieve the plan Identification of the jurisdictional requirements, accountabilities and the process ownership and monitoring and testing ownership, as well as the determination of suitable staffing, hours required and secured budget in order to achieve the state of compliance within risk appetite will be set out in the plan, which will be reviewed quarterly with the jurisdictional CCC and ICRM, as well as any applicable legal entity, as well as where required by applicable regulatory agencies The annual country compliance plan must take into consideration the applicable compliance risk assessments and MCAs appropriate to the jurisdiction and its activities
State of Compliance Reporting Preparing quarterly, in accordance with the approved global format, and in adherence to all established requirements for the State of Compliance reporting The State of Compliance report will be presented to the appropriate CCC, BRCC and legal entity Board or Board Audit Committee, or other such Board committee required within the jurisdiction
Enhancing Governance Providing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Key Compliance Risks across products, services, functions, legal entities, service centers and the jurisdiction as a whole Providing stakeholders with insight and practical solutions as well as credible challenge to improve the ethical control culture, and conduct risk environment Timely reporting of significant local regulatory issues to local, overseas, regional, and global stakeholders Same-day escalation of regulatory reports received Maintaining on-going assessment and reporting of the State of Compliance through the relevant corporate governance committees such as country audit committee(s) and/or subsidiary board(s), country coordinating committee and business risk management committee, and other management body(ies)

Key Responsibilities Compliance Risk Culture

Stakeholder Support and Relationships Developing senior management relationships, including with legal entity management focus, inclusive of non-executive directors (where they exist in the jurisdiction), and the CCO as well as product functional and entity/service center line management Informing senior management and directors of subsidiary boards, and the country/business management of significant compliance matters that require their attention or action Proactively anticipate and help the business and functions plan for changes in the compliance and regulatory environment in the country Provide support to compliance programs and country/business management on policy interpretation and gray area exposures Build and maintain strong relationships with other functional leads, including Legal, Risk Management, including Operational Risk Management, and Internal Audit to create a supportive and seamless compliance and ethical control culture and an appropriate conduct risk environment

Key Responsibilities Processes and Activities

Regulatory Management & Coordination Supporting the Citi Country Officer (CCO) in the management and development of regulatory relationships Coordinating as the key interface with regulators on compliance risk management issues and supervisory exam management matters Providing same day notification of regulator correspondence to Citi Compliance Officer, Regulatory Liaison & Exam Management CCO and ICRM COO Providing leadership, coordination and regular interaction with the country authorities on behalf of ICRM and the Citi franchise Record regulator correspondence and minutes of regulator meetings on Citi system in line with the Global Regulatory Exam Management Governance and Process Standards Ensuring prompt recording of, responses to, and escalation of regulatory queries, notices of violations and breaches, any forbearance, and concerns identified Deliver to regulators and supervisors a valued interactive program of support and assurance in accordance with requirements and appropriate expectations on compliance issues, trends, themes, root cases and impacts relating to governance, regulatory risk management and internal control issues The overall objective is to earn the regulators trust and to establish a strong, independent and professional regulatory relationship across the franchise
Regulatory Inventory and Regulatory Change Management Ensuring prompt identification, logging in, evaluation and formulation of a plan to address requirements arising from new and amended laws, regulations, rules and other requirements and expectations from regulatory and enforcement authorities Ensuring that the regulatory change management requirements and processes, along with the regulatory control framework for existing requirements, are effectively operating within the countries with respect to the identification, impact assessment and implementation of all applicable laws, regulations, rules and related processes, controls and reporting that impact Citi activities in the jurisdiction Provide oversight and guidance of the implementation of laws, regulations and rule (LRR) changes Effectively manage compliance risk associated with regulatory changes by ensuring a holistic approach to regulatory implementation; raising awareness around both emerging areas of elevated risk and where implementation is off-track or likely to lead to non-compliance, and providing credible challenge to the applicability, impact, and implementation plan; and verifying completeness of Citis regulatory inventory
Policies, Standards and Procedures (PSPs) For all PSPs assigned to the role the holder (owner) is responsible for Developing and maintaining policies that meet policy framework requirements; Reviewing and approving underlying policy including local country addenda and associated documents aligned to policies; Completing a stakeholder review and feedback process; Clear, complete, concise policy drafting; Completing policy committee approval requirements; Completing periodic review requirements; Reviewing/approving exception; Assessing and reporting on implementation status via policy effectiveness metrics, including exceptions, breaches, issues
Anti-Money Laundering Compliance Risk Management (ACRM) Providing strategic direction, oversight, coordination and cooperation in respect of the countrys Anti-Money Laundering compliance risk management program Partner closely and with the Country Head of ACRM to ensure a strong linkage between ICRM and ACRM
Independent Compliance Risk Management (Program and Product/Service/Function focused*) Providing direction and oversight in supporting the ICRM teams in the country related to local requirements and the applicable extraterritorial laws, regulations, relevant Citi policies, standards, and global procedures Deliver consistent application of program procedures and be accountable to program owners consistent with the ICRM methodology and CRM Framework

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 18th Feb 2020

Key Skills:

Company Profile:

Citibank Indiaarfix

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