Head of Prudential Regulatory Policy

Posted:
9/10/2024, 5:06:03 AM

Location(s):
District of Columbia, United States ⋅ Washington, District of Columbia, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Legal & Compliance

Financial regulation is continually evolving and comprehensively shapes the financial services landscape. Managing the changes in the United States and abroad, providing strategic evaluation of the impact existing and proposed regulations have on the broader economy and on the operation of the bank and our clients, and advocating for sound and growth-promoting policies are critical priorities for Citi.

The Head of Prudential Regulatory Policy will be a part of Citi’s Regulatory Strategy & Policy team and report directly to Citi’s Global Head of Regulatory Strategy & Policy.

The Regulatory Strategy & Policy Team is charged with analyzing financial regulatory initiatives and proposed policy and standards set by global regulators. The team drives and coordinates Citi’s regulatory policy advocacy efforts across regulatory bodies and trade organizations, strategically connecting and integrating Citi’s overall regulatory strategy and engagement as well as advising senior management on consequential financial regulatory matters.

The position involves partnering with Citi’s senior leaders across its businesses, functions, and geographies, in particular Risk, Finance, Legal, Compliance, Government Affairs and Citi's business units to formulate and advocate for Citi’s interests regarding current and forthcoming prudential regulatory policies. The position will lead the coordination of Citi’s efforts to promote sound regulation, directly communicating with banking regulators in the United States while working closely with international team members to engage with global standard-setting bodies. The Head of Prudential Regulatory Policy will work closely with Citi’s Government Affairs and Citi’s Regulatory Engagement teams, which coordinates firm-specific legislative and supervisory interactions.

Key Responsibilities:

  • Engage in the analysis of key prudential policy issues affecting Citi’s five businesses with internal subject matter experts through various prudential regulatory strategy advocacy forums
  • Foster and maintain a robust, ongoing bank prudential regulatory policy dialogue both internally and externally:
    • Develop and maintain deep knowledge of prudential regulatory policies and environments; establish and maintain an effective network with policymakers at the Federal Reserve Board, FDIC, OCC, and other relevant global regulators, as well as a leading presence within relevant trade associations
    • Partner with the Global Head of Regulatory Strategy & Policy to drive Citi’s advocacy efforts across the set of reform areas, interacting with regulators, trade organizations and other key stakeholders
    • Partner with Citi senior leaders to integrate Citi’s positions on the strategic and practical implications of current and forthcoming regulatory policies
    • Coordinate with Citi’s Government Affairs and Regulatory Engagement teams on prudential regulatory priorities.
    • Convey Citi’s prudential regulatory priorities and advocacy approaches to clients as requested
  • Qualifications:
    • Strong interpersonal skills for interacting with all levels within and outside of the organization, including Citi senior management and key external stakeholders. Effective advocacy skills and a proactive and 'no surprises' approach in communicating issues / requests to key stakeholders
    • Superior oral and written communication skills, with a particular ability to assess and contribute to the content of large bank regulatory proposals
    • Broad and deep understanding of relevant banking regulatory requirements for global systematically important banks
    • Specific subject matter expertise regarding bank regulatory requirements and a strong business understanding of the products and services Citi offers
    • 15 or more years of substantial, broad, and deep experience in regulatory policy or relations, or in a role requiring deep regulatory understanding

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Job Family Group:

Project and Program Management

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Job Family:

Program Management

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Time Type:

Full time

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Primary Location:

Washington District Of Columbia United States

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Primary Location Full Time Salary Range:

$250,000.00 - $500,000.00


In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Sep 17, 2024

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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