Regulatory Analyst

This role provide support to the Global Bank Network Management (BNM) team who are responsible for managing agent bank relationships supporting Citi Business.

BNM is part of the SMB&IC Operations & Technology (O&T) Division. BNM provides best in class banking services to our business partners and clients, while strengthening regulatory compliance, governance and control over Citi owned bank accounts. BNM Global Functions include:

Relationship Management, Regulatory, Bank Expense Optimization, Bank Signatory Management (BSM) Third party risk and In Business Risk & Control.

The Regulatory team, within the Bank Network Management group, is responsible for the ongoing monitoring of the Sub-Custodian and Client Money relationships, ensuring there are robust controls and procedures to place to deliver Global Regulatory Compliance.  This includes ensuring compliance with, but not limited to: SEC, OCC, CFTC, FCA CASS 6, 7 & 10, MiFID, CBI CAR, AIFMD, MAS, SFC, Dodd Frank, GDPR regulations. 

Responsibilities:

• Annual Written Due Diligence for Bank Sub-custodians Client Money/Funds Banks whether 3rd Party or Citi Affiliates
• Oversight of No Lien letters for Bank Sub-custodians Trust Letters for Client Money/Funds accounts (acknowledgement/funds facilities letter)
• Verification that accounts are correctly named at the Sub Custodian to reflect the Client status
• Ensure sub-custody agreements and other legal documents in place are fit for purpose
• Control Testing: Perform sample control reviews of regulatory processes
• Ensure a robust control environment, adhering to the firm’s policy and Citi’s Management Control Awareness (MCA) framework
• Coordinate responses for both Internal and External Audit exams globally
• Close coordination with many areas of the Firm is required (CASS Office, Compliance, Regulatory and Control, Operations, Treasury Operations, Legal, Prime Finance, Exchange Traded Derivatives, Markets) and contact with Banks, Auditors, and Regulators
• Other aspects of the role will include responsibility for oversight of all Regulatory documentation and information maintained within the organization in relation to the Agents Banks covered, ensuring a robust integrity of data and control environment
• Manage Regulatory Global initiatives outside of the region
• Coordinate regulatory reporting and monitoring tasks; Serve as a deputy to the Supervisor
• Due Diligence: Coordinate the annual program, monitor progress, and ensure delays are escalated timely to meet regulatory requirements; Collaborate with Global Custody, SNMs and CBROs to identify similarities & streamline processes/controls
• CASS Champion: as an FCA regulatory expert, provide guidance to the Relationship and Regulatory teams; monitor FCA Acknowledgement letter population to ensure compliance with prescribed regulations; hold regular refresher trainings for BNM staff (ranging from officers to SVPs) on regulatory processes

Ideal background:

• At least 3-5 years of experience in the international financial services industry, preferably Network Management, Account Management, Finance, International Securities or Treasury Operations
• Excellent written and verbal communication skills in English
• College / University Degree
• Project Work experience (planning and execution)
• Mandatory Experience: dealing with third parties such as banks or service providers
• Knowledge of MS Office desktop applications: Advanced Excel and PowerPoint skills
• Good analytical and presentation skills, strong time management skills
• Organized approach with good attention to detail
• Strong understanding of the Global Network Management function and a good working knowledge of the FCA CASS Rules
• Experience with managing relationships, documentation & the corresponding regulatory obligations
• AIFMD, CBI CAR, SEC and CFTC knowledge would be a plus
• Clear understanding of the securities settlement process & custody operations, cash management/services, foreign exchange, payments, and derivatives (including futures) is an advantage
• A working knowledge of SWIFT (admin, system, & industry initiatives) is a plus

What we can offer you:

By joining Citi Hungary, 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 compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program
• Home Office Allowance (for colleagues working in hybrid work models)
• Paid Parental Leave Program (maternity and paternity leave)
• Private Medical Care Program and onsite medical rooms at our offices
• Pension Plan Contribution to voluntary pension fund
• Group Life Insurance
• Employee Assistance Program
• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
• Flexible work arrangements to support you in managing work - life balance
• Career progression opportunities across geographies and business lines
• Socially active employee communities with diverse networking opportunities

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!

#LI-BP2

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Job Family Group:

Operations - Core

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Job Family:

Operations Support

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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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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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