Vice President - Regulatory Change Management (RCM), Group Compliance
Vice President - Regulatory Change Management (RCM), Group Compliance
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Job Description
About Citco
Citco is a global leader in fund services corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration we deliver end-to-end solutions and exceptional service to meet our clients needs.
For more information about Citco please visit
We are seeking a skilled professional to join our expanding Group Compliance Team specializing in our Regulatory Change Management (RCM) function. Reporting directly to an Executive Vice President of Group Compliance this role presents a unique opportunity to contribute to and enhance Citcos global regulatory compliance framework.
The position requires a level of expertise in analyzing and implementing Cybersecurity and I.T. regulatory changes with a strong focus on regulatory interpretation impact assessment and practical application. As a key member of our team you will help drive our proactive approach to regulatory compliance ensuring the effective integration of regulatory requirements across our operations while upholding rigorous risk management and governance standards.
This role demands both strategic insight and hands-on implementation capabilities ideal for someone who excels at navigating complex regulatory environments. The successful candidate will play a vital role in maintaining Citcos culture of compliance excellence while contributing to our organizations continued growth and success in an evolving regulatory landscape.
Responsibilities
The key responsibilities of this position are but not limited to:
- Implementing and continuously enhancing Group Compliances RCM process.
- Identifying and keeping abreast of relevant changes in regulatory requirements and business activities on a global basis within Group Compliances agreed taxonomy of Compliance Risks as well as Cybersecurity and I.T. related regulatory changes with a view to ensuring Citcos ongoing compliance avoiding reputational damage and/or financial loss and maintaining a competitive advantage.
- Ensuring Group Compliance team members Local Compliance Officers and relevant internal stakeholders are informed of present and future legislative and regulatory developmentsglobally across all Citco business divisions and advising or coordinating advisory support where required.
- Supporting the analysis ofregulatory developments including the interpretation of Cybersecurity and I.T. related regulatory changes and their potential impact to Citco entities globally which may include understanding and making recommendations on the impact of these regulatory developments to the relevant Citco entities.
- Liaising with Group Compliance team members Local Compliance Officers and relevant internal stakeholders to oversee the completion of assessments gap analyses and the resultant implementation of new and/or updated controls where identified.
- Scheduling and hosting the Group Compliances monthly RCM Working Group meetings which includes drafting the Agenda Actions and Minutes.
- Reporting and escalating on the progress of regulatory developments requiring assessment gap analyses and implementation plans to Group Compliance senior management the RCM Working Group and Citcos Group Compliance Officer.
- Drafting and circulating updates/newsletters covering key global regulatory developments potentially impacting Citco to relevant compliance personnel and internal stakeholders.
- Serving as the primary point of contact for RCM Process related queries.
- Reviewing and updating RCM Policies and Procedures User Guides etc.
- Supporting the management and supervision of the Group Compliance RCM functions team members and any new joiners to the RCM function which includes reviewing their work performed conductingperformance appraisals and authorizing vacation leave.
- Liaising with and providing support to other Citco Group functions in the identification and communication of regulatory obligations outside Group Compliances agreed taxonomy of Compliance Risks particularly regarding Cybersecurity and I.T. related regulatory changes.
- Designing and implementing an RCM framework in conjunction with client facing personnel (e.g. relationship managers) for the identification communication and internal reporting of key regulatory developments potentially impacting Citco clients.
- Supporting the design implementation and enhancement of any RCM software systems.
- Assessing/identifying the RCM Process training needs of Group Compliance team members Local Compliance Officers and relevant internal stakeholders and delivering such trainings on an ongoing basis.
- Participating in Internal Audits as well regulatory visits/on-site inspections where required relating to Group Compliances RCM process.
- Attending seminars/webinars in relation to key regulatory developments.
Other duties
Performing any other duties requested by Group Compliance senior management. Depending on business needs you may be called upon to stand in for your colleagues in the case of absences and to help whenever necessary in other sections of the Citco Group of companies and/or Group Compliance.
Qualifications
About You
- Degree holder in law or other relevant field or equivalent qualification.
- Strong knowledge of compliance and risk management.
- At least 5-8 years experience in the financial services sector preferably in compliance or legal.
- Strong regulatory knowledge with a proven ability in identifying evaluating and/or defining legal and regulatory obligations.
- Experience in the interpretation assessment analysis and implementation of Cybersecurity and I.T. related regulatory changes.
- Proven experience of managing a small team.
- Excellent communication skills in both verbal and written English are important for this position which includes the ability to translate legal and regulatory obligations and issues into easy digestible language.
- Ability to leadconference calls with business andcompliance staff.
- Demonstrated record of presenting and reporting to senior management.
- Excellent attention to detail and organizational skills.
- Independent and team worker.
- Pro-active and result driven with the ability to meet deadlines and changing priorities.
- Reliable and able to grasp relevant issues quickly.
- Excellent interpersonal skills with a proven record of developing and fostering working relationships.
- Ability to maintain high level of confidentiality
- Proficiency in using the following Microsoft products:
- Office (Word Excel and PowerPoint)
- Power BI
- SharePoint
- Teams
Our benefits
Your wellbeing is of paramount importance to us and central to our success. We provide a range of benefits training and education support and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Required Experience:
Chief
Employment Type
Full-Time
