Head of Compliance, Branded Cards and Unsecured Lending
Welcome to Citi, a leading global bank with a rich history of empowering individuals, businesses, and communities around the world. We are currently seeking a highly experienced and driven individual to join our team as the Head of Compliance for Branded Cards and Unsecured Lending. In this role, you will play a critical part in ensuring that Citi continues to maintain the highest standards of compliance in all aspects of our branded cards and unsecured lending businesses. We are looking for a leader who is passionate about upholding ethical and regulatory standards, has a deep understanding of the financial services industry, and is dedicated to driving a culture of compliance within the organization. If you have a strong track record of success in compliance, excellent communication and leadership skills, and the ability to navigate complex regulatory environments, we would love to hear from you. Join us in shaping the future of banking and make a positive impact on the lives of our clients and communities.
- Develop and implement compliance policies and procedures for branded cards and unsecured lending businesses in alignment with Citi's global compliance standards.
- Monitor and assess the effectiveness of compliance programs and controls, identifying and addressing potential compliance risks and issues.
- Stay up-to-date with relevant laws, regulations, and industry trends to ensure compliance programs are in line with current requirements.
- Lead a team of compliance professionals, providing guidance and support to ensure a strong compliance culture within the organization.
- Collaborate with various business units to provide compliance support and guidance, ensuring all products and services are in compliance with applicable laws and regulations.
- Conduct compliance training and awareness programs to educate employees on compliance policies, procedures, and regulations.
- Oversee compliance audits and examinations, addressing any findings and implementing corrective actions as needed.
- Serve as a subject matter expert on compliance matters, providing guidance and support to senior management and business units.
- Proactively identify potential compliance risks and provide recommendations to mitigate these risks.
- Develop and maintain relationships with regulatory agencies and external stakeholders, representing Citi's compliance standards and addressing any inquiries or concerns.
- Collaborate with cross-functional teams to ensure compliance with global policies and procedures.
- Foster a culture of compliance within the organization, promoting ethical behavior and a strong understanding of compliance requirements among all employees.
- Communicate compliance updates and changes to relevant stakeholders, ensuring awareness and understanding of any regulatory changes.
- Participate in industry working groups and forums, staying informed of best practices and industry standards for compliance.
- Continuously evaluate and improve compliance processes and procedures to enhance efficiency and effectiveness.
Extensive Knowledge Of Compliance Regulations: The Head Of Compliance Must Have A Deep Understanding Of All Relevant Laws And Regulations Governing Branded Cards And Unsecured Lending, Including But Not Limited To The Fair Credit Reporting Act, The Truth In Lending Act, And The Consumer Financial Protection Bureau's Rules.
Strong Leadership And Management Skills: This Position Requires The Ability To Lead And Manage A Team Of Compliance Professionals, As Well As Collaborate With Other Departments And Senior Management To Ensure Compliance Goals Are Met.
Prior Experience In The Financial Services Industry: Ideally, The Head Of Compliance Should Have A Background In The Financial Services Industry, With A Focus On Branded Cards And Unsecured Lending. This Will Provide A Strong Foundation Of Knowledge And Understanding Of The Industry And Its Compliance Requirements.
Analytical And Problem-Solving Skills: Compliance Issues Can Be Complex And Require A Strategic Approach To Identify And Resolve Potential Risks. The Ideal Candidate Should Possess Strong Analytical Skills And Be Able To Think Critically To Identify And Address Compliance Concerns.
Excellent Communication And Interpersonal Skills: This Role Involves Frequent Communication And Collaboration With Various Stakeholders, Including Regulators, Internal Teams, And External Partners. The Head Of Compliance Should Have Exceptional Communication Skills And The Ability To Build And Maintain Relationships At All Levels.
Risk Management
Process Improvement
Contract Negotiation
Regulatory compliance
Reporting and analysis
Stakeholder management
Compliance Training
Policy Development
Compliance monitoring
Legal Knowledge
Audit Preparation
Communication
Conflict Resolution
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
Adaptability
Problem-Solving
Empathy
According to JobzMall, the average salary range for a Head of Compliance, Branded Cards and Unsecured Lending in New York, NY, USA is between $150,000 and $250,000 per year. This can vary depending on the company, experience, and other factors. Some heads of compliance may also receive bonuses and other forms of compensation in addition to their base salary.
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Citigroup, Inc. is a global financial services holding company specializes in banking and financial solutions. It offers a range of products and services among individuals, corporations, governments and institutions such as savings, checking, online banking, individual retirements accounts, credit cards; personal, student, and commercial real estate loans, cash management services, home equity, and bill consolidation, as well as online banking services, cash management, transactions, trade, securities, and fund services.
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