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ESG (Environmental, Social & Governance) Compliance Officer GERMANY - Vice President

Citibank

Citibank

Legal
Frankfurt, Germany
Posted on Thursday, July 11, 2024

ESG (Environmental, Social & Governance) Compliance Officer GERMANY - Vice President

Job Req ID 24758505 Location(s) Frankfurt am Main, Germany Job Type Hybrid Job Category Compliance and Control

Job Title: ESG Compliance Officer - Germany

Business: Compliance Risk Management

Division: ICRM

Officer Title: VP

C-Grade: C13

Location: Frankfurt

Legal Entity: CGME

This is an exciting opportunity to form part of an expanding ESG Compliance team for Citi Europe, supporting Citi Global Markets Europe (CGME) and other EU legal entities in particular. The role sits within the Independent Compliance Risk Management (ICRM) organization, an independent control function that is designed to oversee and credibly challenge products, functions, jurisdictional activities and legal entities in managing compliance risk, as well as promoting business conduct and activity that is consistent with Citi’s Mission and Value Proposition and Risk Appetite.

Primary responsibilities relate to supporting all aspects of Citi’s ESG Compliance activities in Europe, which includes monitoring for regulatory developments and supporting the regulatory change process, conducting compliance risk assessments, monitoring, reviews and reporting, developing training, participating in ESG governance and acting as an SME on ESG Compliance matters. Compliance coverage relates to ESG reporting and disclosures, product governance and risk management requirements and related policies and procedures. The role will involve partnering with Product and Function Compliance Officers as well as coordination with key stakeholders across business lines and control functions to deliver ESG Compliance support.

Key activities include:

  • Assisting in the design, development, delivery and maintenance of best-in-class ESG Compliance, programs, policies and practices for ICRM
  • Providing guidance on EU Sustainable Finance / ESG rules and regulations relating to function/business/product operational issues, as well as, providing transactional approvals and interpretation of internal compliance policies
  • Assisting with ESG-related regulatory inquiries and/or examinations. This may include coordination with regulators and other parties
  • Collaborating with other internal areas including: Legal, Business Management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address ESG compliance issues which may impact the supported function/business/product
  • Supporting the function/business/product area in performing timely compliance reviews of new products from an ESG Compliance perspective
  • Assisting in the development and administration of ESG Compliance training
  • Researching any new ESG-related rules and rule changes and implementing policies, procedures or other controls necessary to comply with the rules
  • Additional compliance support relating to the broader Conduct Risk Management Framework for Europe, as assigned, including:
    • Attendance, reporting and challenge at monthly Conduct Risk Working Group meeting.
    • Support local Head of Compliance in execution of 2LoD Conduct Risk oversight activities in line with regulatory requirements/expectations.
    • Contribute to Board reporting and training, as required. and support the drafting of the Annual Conduct Risk Reports
    • Additional duties as assigned

Education level and/or relevant experience(s)

Required:

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 requirement. Demonstrable experience in ESG / sustainability-related topics, ideally in a compliance / regulatory context.

Preferred:

  • Previous experience with evaluating ESG regulatory requirements and supporting implementation processes designed to prepare for new rules
  • Experience with identifying and mitigating ESG related compliance risks while pro-actively guiding business processes and activities
  • Supporting review and validating statements in external ESG disclosures for consistency with business representations and regulatory expectations
  • Participating in the implementation and execution of ESG-related risk assessments and compliance testing

Knowledge and Skills

Required:

  • 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
  • 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 ESG / sustainable finance regulation, in particular relevant aspects of EU regulation (e.g. EU Taxonomy, ECB Guidelines on climate-related and environmental risks, EBA Guidelines on loan origination (ESG factors), MiFID sustainability amendments, CSRD, ESG Pillar 3 reporting, SFDR, etc.)

Preferred:

  • Direct experience of working in ESG-related compliance / regulatory implementation
  • ESG-related qualifications / certifications a plus.

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Job Family Group:

Compliance and Control

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Job Family:

Product Compliance Risk Management

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Time Type:

Full time

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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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