Citi Compliance Officer - NAM Markets Trade Surveillance in Jersey City, New Jersey
Primary Location: United States,New Jersey,Jersey City
Education: Bachelor's Degree
Job Function: Compliance and Control
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 18046623
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi’s Mission and Value Proposition at http://www.citigroup.com/citi/about/mission-and-value-proposition.html explains what we do and Citi Leadership Standards at http://www.citigroup.com/citi/about/leadership-standards.html explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Market Surveillance provides independent compliance coverage for the Equities, Fixed Income, Commodities/Futures, and Energy Sales and Trading businesses. The primary areas of focus are surveillance, regulatory inquiry response and ad-hoc special projects. Analysts are expected to create, enhance and implement surveillance scenarios and conduct surveillance reviews that cover specific regulations or firm policies, primarily relating to issues of market integrity. The surveillance development process includes drafting requirements documents detailing how the surveillance should function, conducting data analysis to ensure the right data inputs are available for the surveillance to function, and participating in User Acceptance Testing to ensure all requirements for the surveillance were implemented correctly. The surveillance review process includes analyzing trade sequences for conduct inconsistent with regulatory rules, partnering with product compliance to resolve questionable trading patterns, and periodic monitoring of surveillance output to ensure optimal quality. Analysts are also expected to respond to regulatory inquiries from each of the major regulatory bodies (e.g. FINRA, SEC, CFTC) encompassing all of the rules. The response process includes compiling all requested documentation, analyzing the results to identify potential issues, escalating potential risk issues to the appropriate coverage areas and providing input on potential corrective action plans designed to address issues that are identified. Analysts may also participate in ad-hoc requests, special projects and regulatory exams in conjunction with other teams. Analysts within the Market Surveillance organization are expected to carry out assignments spanning each of these functions and are expected to develop knowledge across product areas over time.
Regulatory inquiry response, surveillance review, and surveillance development all require the same general knowledge base. The candidate should be knowledgeable of the regulatory rules that are in focus, be able to locate the responsive data for any query, interpret the data to understand the trading purpose and whether or not the regulatory rules were not followed while effecting the activity, articulate the issues in a clear manner and to the appropriate audience, and work with other teams to address, debate, refine, and challenge responses to the issues raised and any proposed remedial actions. The candidate must have an undergraduate degree or equivalent work experience (preferably 5+ years) in capital markets, securities compliance or regulation, strong regulatory, product and transaction knowledge; and direct experience with one or more of the equities, fixed income, commodities, futures, or FX businesses.