Product Compliance Analyst

Location UK / UK

Job Type Permanent full-time, TemporaryContract

Salary Not disclosed

Updated 4 days ago

Reference 1369067

 Job Description

Product Compliance Analyst

Overview of Citi:

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. 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. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.



Team/ Function Overview:

Independent Compliance Risk Management (ICRM) is a global organization of over 2,400 professionals covering Citi’s global businesses striving to be the best for our clients. ICRM  facilitates responsible finance with objectives to i) Drive and embed a risk culture throughout the organization; ii) Maintain a framework that provides reasonable assurance and facilitates firm-wide compliance with local, national, or cross-border laws, rules, regulations, Citi’s internal policies and procedures, and relevant standards of conduct; and iii) Protect Citi’s reputation by managing compliance risk across products, business lines, and geographies, supported by globally consistent systems and processes.



Role/ Position Overview:

Serves as a function/business/product compliance risk analyst for Independent Compliance Risk Management (ICRM) responsible for assisting with 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 protect 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 function/business/product and customer needs in a manner consistent with the Citi program framework. Primary responsibilities include monitoring compliance risk behaviors and providing day-to-day Compliance advice relating to the supported function/business/product and guidance on function/business/product rules/laws. This role will be within Citi Private Bank’s Client Marketing Review Group, reporting directly to Craig Jackson. The candidate will support EMEA financial promotions review, Digital Marketing, and EMEA Investments Lab submissions as well as non-investments marketing communications.  The successful candidate will also work closely with ICRM colleagues globally reviewing CPB Client Communications.



Key Responsibilities:


Key Activities include:


•Assisting and supporting senior staff in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
•Assisting with investigations, reconciliation procedures and preparing routine correspondence.
•Assisting with regulatory inquiries and/or examinations.
•Researching rules/rule changes and implements policies, procedures or other controls necessary to comply with the rules.
•Creating and maintaining reports for control, tracking, and analysis purposes and ensuring appropriate and secure retention of documents.
•Preparing, editing and maintaining Compliance program related materials.
•Coordinating, track and time manage policy and training initiatives.
•Interacting and working with other areas within ICRM, as necessary.
•Approval of client facing communications, including but not limited to; marketing materials, client presentations/pitches, market commentary and client event invitations.
•Providing Compliance Approval for promotions of NMPI products to retail clients (FCA regulation).
•Supporting the Business and working collaboratively with them to help streamline financial promotion and marketing material reviews.
•Providing metrics to management on a regular basis.
•Close liaison and interaction with global Compliance colleagues in Asia and the US.



Knowledge/ Experience:

•Excellent written and verbal communication skills
•Must be a self-starter, flexible, innovative and adaptive
•Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
•Strong project management and organizational skills and capability to handle multiple projects at one time
•Proficient in MS Office applications (Excel, Word, PowerPoint)
•Good understanding of retail and wealth management product.




•Some knowledge of compliance laws, rules, regulations, risks and typologies,
•Some knowledge in area of focus
•Knowledge of the FCA’s Financial Promotion Rules and Treating Customers Fairly principles is desirable.
•Experience of the financial services industry and an awareness of current upcoming UK/EU regulations is desirable.




•Organisational and prioritisation skills with strong attention to detail
•Strong Microsoft skills: Word, Excel, PowerPoint
•Strong focus on Control and Risk awareness




Bachelor’s degree;  some experience in a financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof
Preferred: Advanced degree (e.g. JD, MBA) a plus



Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.


What we Offer:


As well as a competitive salary and consideration for a yearly discretionary bonus Citi offer:

•23 days paid annual leave
•Award winning pension scheme
•Life assurance
•Private medical insurance with Bupa healthcare


In addition, we offer a competitive maternity, paternity and adoption leave scheme and employees also have the option (provided they have a student loan from the Student Loan Company) to divert saver and company match contributions to their student loan. We pride ourselves on our ability to offer employees a number of lifestyle benefits including; on site restaurant and coffee shops, online shopping and concierge service and subsidised clubs and societies.


Our select benefit package offers you the opportunity to customise your benefits according to your own lifestyle preferences and includes corporate discounts, memberships and a range of additional extras.


Our vast range of diversity networks and on site multi faith room demonstrates Citi’s commitment to growing a diverse workforce.



Valuing Diversity:

Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add values to decisions or actions and organisational success.



Citi is an Equal Opportunities Employer