Director Client Asset Citi London

Job Description
A Legal Entity Client Asset Oversight Officer (LE-CAOO) in the EMEA Citigroup is responsible for ensuring the designated firm complies with the regulations on Client Asset Segregation, which includes ensuring the firm maintains systems, records and controls that enable it to do so.

To be a deputy and alternate for the Group CAOO, who is a registered individual at the regulator and person responsible to them for this function, by providing the G-CAOO with assurance that the designated legal entity is compliant with relevant regulations.

To represent the group, and the legal entity in particular, on matters of client asset segregation and support the management group of this area in fulfilling its function and helping to create a subject expertise that the industry recognise as leaders in the field.

Identify, manage and strengthen an internal network across the group of specialist staff that help deliver the standards demanded from the various legislative and regulatory requirements.

The Is a Newly Created Position, So The Role-holder Will Benefit From Being Able To Shape And Influence a Model Of Operation, But They Will

 Be a senior executive of the firm and possess management and leadership qualities, so they may constructively participate in the daily operation of the CASS Office. They will be capable of leading a small team but equally be self-sufficient and support the Head of the CASS Office in their duties as well as other team leaders in the Office, as appropriate.

 Be an alternate and deputy to the Group CAOO; Chair and attend meetings designed to help govern and oversight compliance with the relevant regulations at the designated firm.

 Take responsibility for the governance and oversight of client asset segregation processes and controls in the assigned firm and attest internally to the G-CAOO that the firm has maintained systems and controls that have enabled it to comply with the relevant requirements and that exceptions to compliance have been quickly and competently handled during the period.

 Be responsible for ensuring their assigned firm is made aware of and complies with any new and changed rules or regulations affecting client asset segregation requirements in the EMEA businesses. Knowledge of new and changing regulations will be provided by technical support within the Group and also gathered from the role-holder’s own knowledge network. They will advise colleagues in operations and the business lines of their assigned firm to become proficient in the application of relevant regulations.

 Maintain and operate a detailed set of records demonstrating compliance with the relevant regulations and other records of governance in a way that is consistent with other Officers in the CAO Office, so that a single and consolidated set of records can be periodically produced that represents the EMEA Group’s compliance with relevant client asset segregations requirements.

 Become a trusted source of help and assistance to the front-line business, including technology and operations, on the proper interpretation of the relevant client asset segregation regulations as it relates to their designated firm.

 Attend and organise industry meetings where this improves Citi’s understanding and influence in this specialised field. They will work with the Compliance function where it’s appropriate to agree the Group’s position on regulation reform consultations and the Firm’s breach notification and management.

 Continually review and propose steps to strengthen the firm’s systems of control and governance for the adequate segregation of Client Assets in the designated firm in accordance with an appropriately common and consistent standard set by the Group.

Development Value

 The role involves senior executive and Board level exposure across the Firm, and is likely to also involve exposure to overseas colleagues. It therefore provides an excellent opportunity for the role-holder to learn from the experiences of others and widen their stakeholder influence group.

 The role will also develop into a single source of support for other European operations that are also subject to segregation requirements, so the role-holder will be in an excellent position to achieve extensive pan-European knowledge and strengthen the Firm’s position to negotiate and influence the outcome of government and regulatory oversight.

 The role is newly created and so will provide the holder with an opportunity to shape it and experience the evolution and application of a new operating model; along with strategic thinking to allow the Office to reach its goals.

 The holder is expected to possess a high degree of knowledge and be prepared to share their experience and skills. The holder will receive the benefit of being able to develop others and receive their thanks and gratitude. Therefore it follows that they will be given every reasonable opportunity to maintain their skill by themselves attending whatever development opportunities are necessary in order for this to be achieved.

Knowledge/Experience

 Significant relevant experience and knowledge in the field of Client Asset Segregation regulations at a senior level.

 A lengthy and proven track record as a successful manager and leader of people.

 A proven track record of advocacy and liaison across diverse stakeholder groups; including regulators, central banks, government, and large firm networks.

 Considerable experience in the field of financial services and/or banking

Skills

Excellent written and oral communications skills, with a commanding and convincing delivery.
Excellent stakeholder management skills, with the ability to understand drivers and overcome barriers.
Analytical, with the ability to comprehend complexity and engage strategically.
Organised, task-orientated, practical solutions-driven approach.
Will be conversant in the organisational skills demanded in order to operate in a large global company

Qualifications

 Likely to be educated to degree level with a post degree and/or professional qualification.

 Likely to have been professionally training in the field of law, accounting, economics or corporate governance.

 Likely to have undergone formal management and leadership training.

Competencies

 The candidate should be able to foster a strong team spirit and morale across a multitude of geographical and business locations.

 The candidate must be able to work effectively with local contemporaries and peers in other regions to maintain a collaborative culture.

 The role holder with exemplify and role-model the right culture.

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

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

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