Job Summary:

We are seeking a highly skilled and experienced professional to be part of the Quality Management Team in Wealth Operations, specifically focusing on Regulatory Reporting. This role involves executing and managing the Quality Assurance framework for regulatory reporting activities across multiple jurisdictions, ensuring compliance with diverse and complex regulations. The Quality Assurance Regulatory Reporting Specialist will contribute to managing the integrity and accuracy of information across a broad range of wealth management products and client portfolios. The ideal candidate will possess a solid understanding of global regulatory requirements, a keen understanding of the intricacies of wealth management, and the ability to operate effectively within a robust QA framework.

Key Responsibilities:

• Quality Assurance Execution (Regulatory Reporting):
• Execute and manage all activities for Quality Assurance for various regulatory reporting submissions.
• Design and/or perform sample testing to ensure accurate preparation and timely regulatory reports in compliance with relevant guidelines and authorities.
• Perform comprehensive data reconciliation and validation to ensure the integrity of regulatory data.
• Contribute to the oversight of Quality Assurance for regulatory reporting activities, ensuring adherence to submission deadlines and accuracy standards.
• Regulatory Compliance:
• Actively participate in the analysis and implementation of minor regulatory changes.
• Support the interpretation, assessment, and implementation of complex new or revised regulatory requirements, providing input and escalating appropriately.
• Support in managing responses to queries from Financial Authorities and internal control assessments (e.g., MCA framework) specifically related to regulatory reporting.
• Identify potential discrepancies or issues in regulatory reporting and escalate them appropriately.
• Contribute to the development, maintenance, and enhancement of the risk and control framework for regulatory reporting processes.
• Stay abreast of evolving global regulatory requirements, Citi policies, standards and adapt the QA framework to meet new compliance standards, especially those impacting wealth management products.
• Stakeholder Collaboration & Communication:
• Collaborate effectively with internal stakeholders (e.g., Corporate Tax, ICRM, Legal, Business Units) and external regulatory bodies as required.
• Work with compliance, risk, legal, operations, technology, product owners, report owners, Enterprise data & regulatory reporting, and banking teams to address QA issues, develop remediation plans, and drive continuous improvement initiatives specific to Wealth Management.
• Team Contribution & Support:
• Provide guidance and support to junior team members as needed.
• Support internal and external audit engagements, coordinating documentation and explanations.
• Communicate with regulators as required, co-ordinate back reporting/replays if necessary.
• Process Improvement & Automation:
• Contribute to process improvement and automation initiatives within the regulatory reporting function.
• Identify and implement best practices to enhance the efficiency, accuracy, and consistency of regulatory reporting, considering the diverse range of products and services offered to global clients.
• Monitor robust data quality metrics and controls to ensure the integrity of data used for regulatory reporting, from client data to complex product transactions.
• Risk Assessment:
• Conduct regular risk, self-assessments to identify gaps in existing QA processes, with a focus on mitigating compliance risks associated with diverse client portfolios and complex investment products.
• Reporting & Analytics:
• Support in developing and presenting comprehensive reports to senior management on the status of QA programs, key findings, and recommendations for improvement, highlighting areas of risk and strategic focus.

Required Skills & Expertise:

• Educational Background:

Bachelor's or Master's degree in Finance, Business, Economics, or a related field. Advanced certifications (e.g., CFA, CPA, FRM) are desirable.

• Professional Experience:
• Proven working experience (typically 5-8+ years) in Quality Assurance for regulatory reporting within the financial services industry, with specific experience in Wealth Management.
• Solid understanding of key regulatory frameworks and requirements (e.g., Dodd-Frank, EMIR, MiFID II, MAS, HKMA, Volker, Basel, local banking regulations) and the ability to interpret and apply regulatory requirements to Wealth Management products and services.
• Working experience and knowledge on various Client Tax Reporting frameworks (e.g., FATCA, CRS, Relief at Source, Reclaim at Source) and indirect Tax regimes like GST, VAT, FTT will be a plus.
• Experience in managing documentation for regulatory submissions and audit trails.
• Technical Skills:
• Proficiency in data analysis, manipulation, and reporting tools (e.g., advanced Excel, SQL, regulatory reporting platforms).
• Proficiency in data analytics and QA tools; experience with automated QA testing frameworks is a plus.
• Proficiency in reconciliation, advanced Excel functions, and automation tools.
• Core Competencies:
• Demonstrated ability to manage internal and external audits.
• Strong understanding and experience with risk and control frameworks.
• Strong analytical and problem-solving skills, with the ability to manage complex data sets, identify trends, and address issues within the context of wealth management client portfolios.
• Excellent communication and interpersonal skills, with the ability to influence and collaborate with stakeholders at all levels.
• Strong attention to detail and analytical skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Ability to navigate a fast-paced, complex environment with multiple competing priorities.

Why Join Us?

• Global Impact:

Play a key role in ensuring compliance and operational excellence across global wealth management markets, safeguarding the integrity of our client experience, relationships, and services.

• Career Growth:

Opportunity to contribute to and help shape a critical function within the organization, with ample opportunities for career development and exposure to diverse markets and products.

• Collaborative Environment:

Work with top-tier professionals from diverse backgrounds and regions, in a culture that values teamwork, innovation, and continuous improvement.

Job Family Group:

• Operations
• Transaction Services

Job Family:

Securities and Derivatives Processing:

Time Type:

Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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