The Business Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.
Responsibilities:
Responsibilities:
Responsible for the oversight of Investments Sales Activities in Capital Markets for the North America, WaW and LATAM regions.
Knowledge of Equity, Fixed income, FX, Structured Products
Knowledge of Derivatives a Plus
Responsible for review of escalated surveillance issues.
Provide ongoing advice and guidance to Capital Markets sales & trading teams ensure adherence to policies and standards
Responsible for enhancing the control and supervisory environment. Accountable for managing the communications review and approval process in support of strategic business objectives.
Accountable for monitoring regulatory developments for changes in regulation and interpretive guidance.
Key Activities:
Review brokerage and capital markets activities as well as business affiliations, personal trading and outside activities.
Manage, review, and approve new investment sales, Equity and FI new issues, SPAC, etc.
Must have strong knowledge of FINRA, SEC & FRB rules and regulations
Knowledge of Dodd Frank a plus.
Oversight of trading systems and platforms used by the Capital Markets Specialists
Conduct annual reviews of registered representatives and monthly registered representative meetings.
Participate and lead calls on topics related to the Capital Markets business.
Monitoring continuing education and licensing requirements
Maintaining all files associated with oversight of the OSJ (Office of Supervisory Jurisdiction)
Assist with audits, compliance testing and regulatory inquiries.
Interface with Legal, Compliance and Control partners as necessary
Manage and help resolve all sales practice, non-sales practice, service and operational complaints
Ability to understand various trading platforms and systems used across the Markets business.
Work to develop system controls and enhancements across the business, systems, platforms (bank/brokerage)
Qualifications and Experience Required
Relevant experience in Capital Markets and financial industry; compliance experience helpful
Licenses Required - Series 7, 9/10, 31, 63 & 65 (or 66) - (if Candidate has some but not all required licenses, must be willing to obtain remaining required licenses within 120 days)
Series 24 or 3 a plus
Team work oriented
Excellent written and verbal communication skills
Project management skills
Ability to work under pressure and meet deadlines in a fast-paced environment.
Proactive, resourceful and ability to multi-task
Skills and Competencies
Excellent relationship, facilitation and presentation skills.
Ability to identify issues and trends, evaluate alternatives and recommend comprehensive and innovative solutions.
Organized and Efficient in managing time and resources
Highly visible position requiring ability to deal with all levels of Senior Management
Education:
Bachelor's/University degree or equivalent experience
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Job Family Group: Risk Management -------------------------------------------------
Job Family: Business Risk & Control ------------------------------------------------------
Time Type: Full time ------------------------------------------------------
Primary Location: New York New York United States ------------------------------------------------------
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