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    Regulatory Governance - Toronto, Canada - Citi

    Citi
    Citi Toronto, Canada

    17 minutes ago

    Default job background
    Full time
    Description

    The Regulatory Governance & Initiatives position will be a part of the International Benefits Governance team, with a focus on the regulatory governance to ensure our employee benefits plans are compliant with legislative and regulatory requirements across the globe. The incumbent is also expected to lead and support other initiatives in benefits governance, in collaboration with internal and external partners including Benefits product teams, Risk & Control teams, Benefits Implementation & Communication team, and external consulting firms etc.

    Key Responsibilities:

  • Maintain an up-to-date inventory of legislative requirements impacting Citi employee benefits plans in every country where we have such plans, assisted by external consultants.
  • Actively partner with Benefits Product teams to identify risks, controls, and monitoring activities associated with each requirement to ensure our program design, delivery, and governance practice are compliant with legislations and regulatory requirements.
  • Monitor legislative developments, understand the impacts of legislative changes on program designs and existing processes. Engage internal partners to plan actions towards compliance within defined timeline.
  • Partner with in-business Risk & Control teams, assist Benefits Product teams to identify and document compliance gaps / issues, develop corrective action plans, and escalate as needed to drive towards solutions or risk exception approvals.
  • Thrive to become the subject matter expert in regulatory governance through self-learning and learning from with others.

    • The incumbent will also:

  • Lead and / or participate in global projects initiated by the team, including the creation and maintenance of Global Benefits Philosophy & Guidelines, Standard Operating Procedures, benchmarking of benefits offerings, market competitive analysis, etc.
  • Collaborate with others on the team to ensure consistency in our approach to governance across geographies and provide backup for each other as needed.
  • Represent International Benefits Governance team, act as the subject matter expert on projects led by other functions and teams.

    • Qualifications and Experience:

  • 10 + years of progressive experience in Employee Benefits Administration, Human Resources Management, and / or Risk and Control functions overseeing Benefits / HR compliance, preferably in banking or similar highly regulated industries. Experience with / exposure to International Benefits / HR is an asset.
  • At a minimum, university education with a focus in Business Administration / HR/Legal studies or related disciplines
  • Strong risk and control mindset
  • Analytical, process & result-oriented, strong problem-solving skills
  • Team player and capable of influencing others without supervisory responsibilities.

    • Job Family Group:

    Human Resources

    Job Family:

    Compensation & Benefits

    Time Type:

    Full time

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