Services Risk & Controls Director for Digital Assets

Citi • New York, NY

2d

About The Position

Understand business-owned products, services, as well as corresponding financial crimes-related controls, and processes (e.g., customer, relationship, and transactional screening). Provide financial crimes & regulatory compliance/risk management subject matter expertise to the Services businesses to ensure the design and implementation of a coherent and effective control environment. Support design and ongoing adaptations of the control framework to ensure effective and robust risk management. Drive execution ensuring compliance with applicable laws, rules, and regulations. Ensure adequate mapping of risk and processes and clear control ownership. Create & maintain a robust partnership with the business heads, operations, technology and the second line of defense. Escalate, assist management and reporting of control issues. Drive a consistent and holistic approach to Financial Crimes, Reputational and Regulatory risk management across Services Digital Assets. Ensure early engagement on new business initiatives to provide timely support of commercial priorities and full adherence to global and regional risk management policies and procedures. Conduct reviews of control processes and procedures to ensure that both controls and processes are in keeping with policy and business expectations. Assure that controls have been implemented consistently, with appropriate supporting documentation. Maintain and expand current knowledge and understanding of product innovation, client needs and of changing regulatory requirements to continuously assess impact and changes needed to existing control environment. Serve as an escalation point for issues or emerging from Services Operations, and Technology. Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans. Prepare and provide regular updates to senior management and various governance committees on control issues and/or enhancements. Work with other Control and in-business risk teams to ensure a consistent holistic approach to risk management. Ensure robust and adequate reporting to senior management. Help identify opportunities for streamlining processes and implement efficiencies that will lead to enhanced client experience. Support the timely response to regulatory inquiries

Requirements

• Significant experience in financial crime/regulatory compliance or risk management in both a bank and VASPs
• Strong professional experience in Financial Services, in Financial Crime and/or Compliance or Business/Product Operations and/or Risk & Controls with focus on Digital Assets
• Knowledge and understanding of blockchain technology and digital assets (i.e. stablecoins, cryptocurrencies) and related financial crime risks
• Understanding of Global Crypto Regulations and VASP Licensing & Compliance requirements
• Excellent interpersonal skills
• Able to work independently and deliver according to strict timelines and quality standards
• Demonstrated ability and confidence to challenge business management, escalate issues and press for change
• Good oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders
• Able to drive change to business practices by working effectively across a global organization
• Self-starting with the ability to multitask and prioritize
• Proven people and team management skills
• Project management and change capabilities are essential
• Capable of prioritizing and multi-tasking in a dynamic, fast paced environment
• Demonstrated analytical skills with follow-up and problem-solving capability
• Ability to analyses a process and recommend ways to improve quality, controls, and efficiency
• Analytical Thinking
• Business Acumen
• Constructive Debate
• Escalation Management
• Issue Management
• Policy and Procedure
• Policy and Regulation
• Risk Controls and Monitors
• Risk Identification and Assessment
• Stakeholder Management

Nice To Haves

• Financial Crime certification preferred (ACAMS, ACSS etc.)

Responsibilities

• Understand business-owned products, services, as well as corresponding financial crimes-related controls, and processes (e.g., customer, relationship, and transactional screening)
• Provide financial crimes & regulatory compliance/risk management subject matter expertise to the Services businesses to ensure the design and implementation of a coherent and effective control environment
• Support design and ongoing adaptations of the control framework to ensure effective and robust risk management
• Drive execution ensuring compliance with applicable laws, rules, and regulations
• Ensure adequate mapping of risk and processes and clear control ownership
• Create & maintain a robust partnership with the business heads, operations, technology and the second line of defense
• Escalate, assist management and reporting of control issues
• Drive a consistent and holistic approach to Financial Crimes, Reputational and Regulatory risk management across Services Digital Assets
• Ensure early engagement on new business initiatives to provide timely support of commercial priorities and full adherence to global and regional risk management policies and procedures
• Conduct reviews of control processes and procedures to ensure that both controls and processes are in keeping with policy and business expectations
• Assure that controls have been implemented consistently, with appropriate supporting documentation
• Maintain and expand current knowledge and understanding of product innovation, client needs and of changing regulatory requirements to continuously assess impact and changes needed to existing control environment
• Serve as an escalation point for issues or emerging from Services Operations, and Technology
• Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans
• Prepare and provide regular updates to senior management and various governance committees on control issues and/or enhancements
• Work with other Control and in-business risk teams to ensure a consistent holistic approach to risk management
• Ensure robust and adequate reporting to senior management
• Help identify opportunities for streamlining processes and implement efficiencies that will lead to enhanced client experience
• Support the timely response to regulatory inquiries

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees