Compliance Escalation And Incident Reporting Vice President

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Compliance Escalation and Incident Reporting Vice President
Duties: Serves as a compliance risk officer for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the firm’s risk appetite and protects the franchise. In addition, engages with the ICRM product and function coverage teams, in order to partner to develop and apply CRM program solutions that meet business and customer needs in a manner consistent with the Citi program framework. Participating in the design, development, delivery and maintenance of best-in-class Compliance programs, policies and practices for ICRM, Specifically, assist leadership in: Escalations and Issue Reporting: Assist in the Development and maintenance of an escalation governance and oversight framework to comply with regulatory expectations of aggregation and reporting of compliance risk incident escalations enterprise-wide to senior management, the Board of Directors, and Compliance Assurance. Participate in key working sessions related to escalation policies and revisions and incident escalation and issue reporting; Review and provide input on firm escalation policies; Review stakeholder communications and reporting for input and potential enhancements; Support the process of ICRM receipt of compliance risk management incidents and issues, and tracking them to resolution, including the analysis of incidents and issues for purpose of developing trend information; Work with Businesses (front office and control functions) and Functions to understand Incident and Issue trends; Partner with Businesses, Functions, ICRM, and Technology to enhance Incident and Issue escalation and reporting tools and processes, as necessary; Coordinate with ICRM Compliance Assurance with respect to Incidents and Issues and trend information; Respond to stakeholder inquiries related to Incident Escalation and Issue Reporting; Support Escalation Policy communication and training needs. Analyzing complex comparative data, preparing and presenting regional and global reports related to compliance risk assessments, and monitoring of compliance related issues. Reviewing materials to ensure compliance with various regulatory and legal requirements and to ensure compliance risks are appropriately identified and addressed. Investigating and responding to compliance risk issues. Investigating regulatory inquiries, preparing required documentation, making recommendations to senior management on how to proceed, and preparing responses for the regulatory inquiries. Overseeing the monitoring of adherence to Citi’s Compliance Risk Policies and relevant procedures and preparation, editing, and maintenance of Compliance program related materials. Interacting and working with other areas within Citi, as necessary. Keeping abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.

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