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Data Scientist Compliance Officer

Company: Citi
Location: Seminole
Posted on: November 18, 2021

Job Description:

Serves as a function/business/product compliance risk officer 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 the 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 and interpretation on internal policies and procedures. Specifically, this role is responsible for helping with the statistical assessment of business practices and processes to ensure compliance with fair lending laws. The candidate will be required to assist members of the Fair Lending Analytics team in statistical analysis related to various financial products, focusing on the fair lending aspect, in order to identify and measure Citi's exposure to fair lending risk. The candidate will be a key member of the Fair Lending Analytics ICRM team, which has analytical responsibility for the enterprise-wide fair lending ICRM program that spans across Citi's US lending businessesResponsibilities:

  • Assisting in the design, development, delivery and maintenance of best-in-class Compliance, programs, policies and practices for ICRM.
  • Follow implemented in-house processes for statistical analysis (incl. data mining, data assessment, model development, model validation, documentation) to identify fair lending risks through the entire credit lifecycle, including marketing, underwriting, pricing, and loss mitigation.
  • Periodically re-validate processes to ensure validity, efficiency, and accuracy; and to identify enhancement opportunities.
  • Providing guidance on rules and regulations relating to function/business/product operational issues, as well as, provide transactional approvals and interpretation of internal compliance policies.
  • Assisting with regulatory inquiries and/or examinations. This may include coordination with regulators and other parties.
  • Prepare and present statistical results and data sets for analysis in support of regulatory requests and examinations.---- Work with examiners and business units to resolve any questions related to analytical methodology or data integrity
  • Collaborating with other internal areas including: Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the supported function/business/product.
  • Supporting the function/business/product in performing timely compliance reviews of new products.
  • Assisting in the development and administration of Compliance training for the supported function/business/product.
  • Researching any new reform rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules.
  • Develop and deepen Subject Matter Expertise in large Fair Lending and Fairness regulations/laws as well as in specific fair lending analytics field through internal, external and on-the-job training.
  • Additional duties as assigned
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.Qualifications:
    • Knowledge of Compliance laws, rules, regulations, risks and typologies
    • 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 written and verbal communication and interpersonal skills
    • Ability to both work collaboratively and independently; ability to navigate a complex organization
    • Advanced analytical skills
    • Ability to both work independently and collaborate with team members
    • Excellent project management and organizational skills and capability to handle multiple projects at one time
    • Proficient in MS Office applications (Excel, Word, PowerPoint)
    • Demonstrated knowledge in area of focus
    • Relevant certifications desirableEducation/Experien:
      • Bachelor's degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; strong working knowledge of function/business/product supported and the related operations and financial requirements; Advanced degree preferred
      • Experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; strong working knowledge of function/business/product supported and the related operations and financial requirements is a plus.Degree in highly quantitative field, such as data science, applied economics, applied statistics, mathematics, or physics is a must.Expertise and hands-on experience in advance programming using: SAS /-- R, Python and SQL for basic data mining; additional experience and knowledge of Big Data tools preferred.In-depth knowledge and understanding, and demonstrated experience working with: AI/ML model development or validation, segmentation analysis and other statistical methods.At least 8 years of work experience in related field or Master / Ph.D. with 3+ years of work experience or equivalent in highly quantitative field, such as data science, applied economics, applied statistics, mathematics, or physics.
        • Proficient in tools like Python, SAS, R, and MS Office applications (Excel, Word, PowerPoint).
        • Excellent written and verbal communication skills--- Must be a team player and able to support team deliverables while delivering on individual responsibilities.--- Strong interpersonal skills with the ability to work collaboratively with people at all levels of the organization within the US as well as globally.--- Excellent organizational skills and capability to handle multiple projects at one time---Flexibility in time management due to global collaboration and the ability to ensure proper analysis from colleagues in other business units-------------------------------------------------Job Family Group: Compliance and Control-------------------------------------------------Job Family:Product Compliance Risk Management------------------------------------------------------Time Type:Full time------------------------------------------------------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.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants must be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Largo , Data Scientist Compliance Officer, Other , Seminole, Florida

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