Regulatory Control and Data Specialist, Vice President

Citi • New York, NY

10d • Onsite

About The Position

Our Markets business serves corporates, institutional investors, and governments, leveraging our leading underwriting, sales and trading, and distribution capabilities across Commodities, Equities, Rates, Spread Products, and Currencies. Our broad product coverage and global presence enable us to meet client needs with unmatched precision. The successful candidate will join the In-Business Risk team within Citi Global Markets. This team forms a critical part of the first line of defense, responsible for designing and maintaining a strong control environment that minimizes risk across the business. We are seeking a highly motivated and experienced Regulatory Control & Data Specialist to join our team, focusing on the Fundamental Review of the Trading Book (FRTB) Trading Book (TB)/Banking Book (BB) Boundary and Firm Account Metadata. The successful candidate will play a critical role in ensuring compliance with existing and future regulations, enhancing control frameworks, and providing expert guidance to business stakeholders. This role involves a blend of regulatory interpretation, data governance, and project management within a dynamic financial services environment.

Requirements

• Strong understanding of FRTB regulations, specifically concerning the Trading Book/Banking Book Boundary.
• Proven experience in regulatory control, compliance, or risk management within financial services.
• Demonstrated ability to interpret complex regulatory guidance and translate it into practical business implications.
• Experience with data governance, metadata management, and data quality initiatives.
• Strong analytical and problem-solving skills, with an attention to detail.
• Excellent communication (written and verbal) and interpersonal skills, capable of partnering with diverse stakeholders.
• Ability to manage multiple priorities and projects in a fast-paced environment.

Nice To Haves

• Familiarity with Volcker Rule requirements and their interaction with trading book definitions.
• Experience with workflow tool implementation or data remediation projects.
• Knowledge of Markets businesses and associated Price Risk processes.

Responsibilities

• Review outputs from automated control processes and collaborate with business stakeholders to promptly remediate exceptions related to the TB/BB Boundary.
• Continuously strive to improve the existing control framework, ensuring robust business compliance with both current Basel 2.5 and forthcoming FRTB regulations concerning the TB/BB Boundary.
• Provide expert guidance to the business on TB/BB boundary matters and associated booking practices, fostering a deep understanding of regulatory requirements.
• Actively participate in discussions surrounding regulatory interpretative issues impacting the TB/BB Boundary and assist the business in implementing the outcomes of such interpretations.
• Partner closely with other Price Risk stakeholders, including the Volcker Rule Office (VRO), on change management initiatives related to the TB/BB Boundary, including desk definition and the impact on Volcker processes like Tier 3 Limit Monitoring.
• Develop and maintain subject matter expertise in Firm Account Metadata and its critical impact on downstream Price Risk processes affecting the Markets businesses.
• Collaborate with Price Risk stakeholders to improve underlying metadata quality and enhance the supporting control framework and governance processes associated with Firm Account data.
• Assist in the implementation of the Data Consent Order framework to improve upstream processes and controls specifically for Firm Account data.
• Support Price Risk in the successful roll-out and adoption of a new Firm Account Workflow tool for Markets.
• Lead efforts to clean up Data Concerns and Issues that are tagged to Price Risk processes and involve Firm Account metadata.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed