RITU SINGH

ad38gp@r.postjobfree.com – 732-***-****

SUMMARY

Regulatory Compliance Professional with Project Management experience in coordinating regulatory integration and implementation of policy, procedures, infrastructure, and operations from First and Second Line of Defense. Legal knowledge of US and EU regulations such as DFA (Swap Dealer, SBSD and Volcker), FATCA, Alphabet regulations (including but not limited to Reg W, B, YY), IRW, QFC, SOFIR, MiFID, MIFID II, EMIR, US PR SMR and SFTR for a US branch of a foreign banking institution. Specifically, designed, developed and implemented a US papering strategy to paper counterparty documentation (ISDAs, Account Control Agreements and Eligible Collateral Schedules) for US entities effected by the SMR. Experience also includes understanding and conducting RCSA assessments, audit reviews, and regulatory readiness activities. Ability to proactively track and communicate regulatory changes to keep internal team versed and ability to educate clients about emerging risks and trends. Experience also includes US Broker-Dealer obligations, WSP, 3120, 3110, 2111, 144 A, QIBs, SEC Acts '33 and '34. Experience with Investment Company Act and Investment Advisers Act of 1940 advising on compliance and legal obligations of funds and fund managers along with knowledge of ADV, PF filings and rule 38a-1. Knowledge of trading desk regulatory monitoring requirements and trading impacted by US Qualified Financial Contracts (QFC) Stay Protocol. Knowledge of US and Global onboarding requirements due to being the head of US onboarding team with understanding AML, CDD and KYC obligations. Experience in engaging with regulatory agencies and SRO (FINRA and NFA) for SEC and CFTC respectively and FRBB as the umbrella regulator for the US. Knowledge of OSFI as primary prudential regulator for financial stability and FCAC as consumer protection and market conduct regulator.

EXPERIENCE

RSM, Chicago, IL

Manager – Regulatory Compliance Group

April 2023 – Present

Audit and Controls Monitoring & Testing

Develop and conduct an annual testing plan across relevant areas of the business and support functions based on risk control self-assessment results

Manage the reporting of key metrics for Compliance Assurance Testing Program to senior management, committees and Board

Review work performed, findings, conclusions, corrective action plans and workpaper documentation for completeness and to ensure Firm testing standards are met

Ensure assigned testing responsibilities are performed timely with high level of quality workpaper documentation and reports

Define test step objectives, perform “Compliance Review” planning, execute test methodologies, and draw proper conclusions from evidence gathered

Develop audit and testing methodologies, including interviews, observations, analytics, re-performance, walk-throughs, and attribute sampling

Evaluating and documenting results of test work

Develop final testing reports to document and formally communicate results to stakeholders, senior management, and the Board.

Track and validate that the business and functional area has completed the agreed action plans by the due date

Policies and Procedures Monitoring & Testing

Analyze the compliance framework and controls; and review and assets compliance policies and procedures to identify risks in relation to core activities in accordance with regulatory requirements and track the issues and the status of remediation.

Keep current with industry specific emerging risks, trends and issues across the industry

Citibank, N.A., New York, NY

Senior Vice President- Regulatory & Policy Change Lead –CAO- NAM- Institutional Credit Management (ICM)

September 2021 to March 2023

•Assisting in analyzing regulatory controls library with an inventory of controls that cover all business activity in ICM and infrastructure functions for Citi ICM Regulatory and Policy team.

•Reading, reviewing, and analyzing the regulatory obligations and summarize the main requirements from a regulatory perspective based on ICM’s products, business framework, and activities

•Identifying and defining applicable regulatory obligations and recommend internal regulatory controls

•Drafting, mapping, categorizing, and evaluating the strength of applicable controls.

•Working with control owners and subject matter experts across first and second lines

•Assisting Regulatory Program Management by engaging with business lines regarding Issue and CAP resolution

•Led the Seniority of Claims project management of several business lines with the completion of Action Plan and Milestones

•Leading working group discussions, agenda, minutes and tracking completion of Milestones

•Reporting on findings, any trends, and potential risks to business head/ Issue owner

•Assisting in drafting and submitting closure memorandum for Issue and CAPs

•Assisted in the development of training and tracking of results as to participation and completion

•Assisting the business line’s with review of controls and led discussion around sufficiency of current controls

•Assisted in the review, analysis and submission of materials related to regulatory exams by the Federal Reserve Board regarding Counterparty Credit Risk exam.

•Participated in review, alignment of documents and submission Hedge Fund regulatory exam by Prudential Regulatory Authority in UK submission

•Assisted in the analysis and developed integration template for different groups into ICM by reviewing Citi’s products, business framework, technology, and activities

•Escalate potential issue to head of group for resolution or further escalation

•Assisting in weekly updates related to integration details and updates for ICM CAO Finance team

•Assisting in weekly updates and business assessment for integration into ICM for ICM CAO Business management team

Banco Santander, S.A. New York Branch and Santander Investment Securities, Inc., New York, NY

Executive Director

August 2015 – August 2021

Executive Director –Head of Regulatory Projects and Controls and CIB First Line of Defense (August 2018 –June 2021)

•leaded conceptualization, prioritization, planning, development and implementation of Swap Dealer and other regulatory related projects and controls for the US National Bank (known as SBNA), US Broker-Dealer (known as SIS) and US Foreign Branch (known as NYB) (collectively CIB) according to the plans and priorities outlined by the US COO, Global Head of Regulatory Affairs and Global COO

•Aligned regulatory strategy and controls across functional and business areas of US GCB following the US business strategy, projections and priorities at the direction of the US CIB COO

•Ensured and aligned all regulatory projects, controls and processes based on the regulatory strategy and control framework across functional and business areas for CIB and Global CIB

•Ensured proper communication and updating of the US CIB COO with reference to the above-mentioned activities

•Partner with core business and support units to lead efforts in sound, time-sensitive, trend driven project development, regulatory strategies, and controls framework

•Lead the creation and maintenance of regulatory compliant and up-to-date global documentation, processes and controls framework for US and EU regulations along with internal procedures

•Communicated (meetings, verbal, and written) with the US regulators for CIB and other regulatory agencies

•Maintained a close working relationship with business and functional heads for the purpose of cooperation to develop new projects, controls, procedures, and optimal execution of the collective goals of CIB

•Acted as US CIB regulatory contact for Madrid, UK, HK, SHUSA colleagues and establish a strong working relationship for all regulatory activities in support of CIB business

•Coordinated and lead the on-boarding of all clients/counterparties for Banco Santander, S.A., New York Branch (‘NYB’) and Santander Investment Securities, Inc. (‘SIS’) in the US region covering Corporate & Investment Banking/Market teams across Equities and Fixed Income

•Subject matter expert on AML policy and procedures to the business; provides direction and guidance to all Lines of Business. Perform customer due diligence and KYC for to all Lines of Business for the NYB and SIS.

•Managed complex projects that involve working with businesses to improve controls to mitigate any deficiencies.

•Partnered with Internal Audit, Compliance, and/or Operations Management to share information and escalate issues as needed.

•Review current policies and procedures to identify process gaps and opportunities for improvement.

Executive Director – Legal and Compliance Department ( August 2015 – August 2018 )

•Compliance professional that supported the New York branch (NYB) and US Broker Dealer (SIS) within their current programs.

•Developed, reviewed, modified, and updated policies and testing controls for NYB and SIS.

•Interfaces with senior management and CCOs along with CRO and CLO of each entity to implement associated recommendations to further the goals of the Compliance Program.

Lead Swap Dealer and Volcker Regulatory Compliance

•Implemented a Swap Dealer program for the New York branch which includes review and assurances from Madrid for

entity level controls

•Designed, developed and implemented a Swap Dealer (DFA Title VII) program for New York branch which includes

Transaction Level controls with no substituted compliance for Daily Trading Records, Swap Trading Relationship Documentation, Mandatory clearing, and Margin requirements, Swap processing, Segregation requirements, Trade execution, End-user relationship documentation, Real-time Public Reporting and External business conduct (antifraud rule, verification of counterparty’s identity and legal status, disclosures and notifications, scenario analyses; suitability, daily marks and no interactions with special entities) and on-boarding.

•Designed, developed and implemented an ongoing monitoring plan to ensure ongoing compliance with the Volcker Rule and Swap Dealer requirements.

•Developed escalation protocol for testing results for efficiency of the program and results across different levels of the organization

•Respond to internal / external regulatory requests and ad-hoc queries

•Attend Risk Committee and other management committees to report on Volcker and DFA Title VII matters and any escalation that are required Coordination between Madrid and US

•Designed, developed and implemented a US papering strategy to paper counterparty documentation (ISDAs, Account Control Agreements and Eligible Collateral Schedules) for US entities effected by the SMR

•Assisted with EU regulations that are related to DFA Title VII such as EMIR, MIFID II and SMR as these programs related to the US entities and impacted the New York branch

KPMG LLC, New York, NY

Manager – Regulatory Risk

December 2014 – August 2015 (moved in-house to Banco Santander, SA)

•Responsible for implementing an Enhanced Volcker Compliance Program for Top 15 Foreign Bank’s US Operations

•Created, modified, drafted, and advised is US Firm’s Operations team as to all aspects of the Volcker Rule from Proprietary Trading and Covered Funds activity.

•Implemented policies by conducting a Gap Analysis checklist for a foreign bank’s US national banking unit based on the impact of Volcker Rule with regards to its Proprietary Trading and Covered Funds by reviewing existing internal policy, procedures, operation standard, regulatory requirements and other materials received from the client

•Drafted a new US Volcker Rule Proprietary Trading and Covered Funds Policy for a foreign bank’s US operations for over 180 entities functioning in the US

•Drafted Volcker Compliance Manual, Procedures, Desk Mandates, Internal Controls, CEO Attestation Program and worked with Market Risk to establish its Metrics reporting obligation under the Volcker rule for it business relating to proprietary trading and covered funds.

•Assisted in reviewing Training, Record Keeping requirements/Approach under CTFC 1.31 and under Volcker Rule for its US Operations

UBS, Stanford, Connecticut Director – Compliance

April 2011 – December 2014

•Responsible for drafting, reviewing, and presenting the following:

•New/existing internal policy, procedures, operation standard, regulatory requirements and other materials to all internal front and back-office personnel through computer based and in-person training

•Trained on the obligations under the new Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) by providing an overview of the substantive regulation of over-the-counter (“OTC”) derivatives under U.S. securities and commodities laws to all staff and associated person through computer based and in-person training.

•Review, designed and trained on bank regulatory regulations such as Regulation D, W, K, U, US Anti-tying Rules under the Bank Holding Company Act, Financial Holding Company Act (FHC), revision to Bank Holding Company Act by Gramm-Leach-Bliley Act (merchant banking), Federal and Regulatory Reporting

•Designed and prepared Firm Element Plan based on the needs analysis for Americas Investment Banking and Global Asset Management Groups

•Conducted needs analysis survey with each business unit, compliance officers to develop the Firm Element Plan to comply with FINRA Rule 1250 for the Americas Investment Banking and Global Asset Management Groups

•Assisted in drafting and distributing global and regional bulletins and alerts on regulatory, policy and procedures for Global and Americas Investment Banking and Global Asset Management Groups

Royal Bank of Canada, New York, NY

Counsel

November 2003 – March 2011

•Head of RBC Law Group Corporate Service Legal Team in the US, developed and managed a group of 2 attorneys and 3 paralegals that handled a workflow of over 100 legal contracts a week. Responsible for all employee, workflow, and day-to-day operation of the Legal department.

•Responsible for negotiating, reviewing and drafting third party/vendor outsourcing and non-outsourcing arrangements, including inter-affiliate agreements, trading platform, software licensing, purchase and sale transaction agreements and other legal matters in the US for broker-dealer and the bank.

•Provided legal services to RBC Capital Markets LLC, e Strategic Sourcing, Corporate Real Estate, Chief Operating Officer and Procurement group in the US.

•Reviewed and provided legal approval for all commercial real estate transactions and financing, loan sale transactions, acquisition and disposition transactions.

•Responsible for drafting documents for all phases of establishing and shutting down CMBS business at RBC by reviewing and negotiating loan documents, understanding term sheet, the cash flows, property appraisals, engineering reports, and borrower credit reports.

•Provided transactional support on ISDA documentation, ERISA and reviewed repurchasing, security and prime broker agreements.

•Assisted and have limited experienced in dealing with regulatory agencies like FINRA, SEC and exchanges (Philx, NASDAQ and NYSE).

Buchanan Ingersoll, P.C., New York, NY

Corporate/Financial Services Associate

May 2001 – February 2003

•Knowledge and limited responsibility for all phases of negotiations, drafting, closing and filing of commercial documents for banking and structure finance transactions, including commitment letters, term sheets, UCC, revolving credit and term loans, workouts and restructurings, pledge, participation, guaranty and security agreements.

•Responsible for drafting documents for all phases of general corporate, securities and venture capital transactions. Knowledge of Regulations S-B, 16 b, 144A, D, S and filings under '33 and '34 Acts, including 10-K, 10-Q, 8-K, S-3, Forms 3, 4 and 5, S-8, Blue Sky and NASDAQ Small Cap Applications.

Fischbein.Badillo.Wagner.Harding, New York, NY

Corporate Associate

September 2000–May 2001

•Drafted general corporate documents for securities transactions like securities agreements, venture capital and commercial banking transactions along with maintaining board minute books. Knowledge of Regulations S-B, 16 b, 144A, D, S and filings under '33 and '34 Acts, including securities filings like 10-K, 10-Q, 8-K, S-3, Forms 3, 4 and 5, S-8, Blue Sky and NASDAQ Small Cap Applications. Limited drafting of operative documents necessary to form Hedge Funds.

•Drafted, negotiated and prepared closing documents such as stockholders’ resolutions, subscription, registration rights, co-sale agreements, warrants, notes and opinion letters.

•Responsible for negotiating, drafting and filing commercial organizational documents and amendments, partnership, shareholders and operating agreements and M&A agreements and related documentation.

•Knowledge and limited responsibility for all phases of negotiations, drafting and closing and filing of commercial banking transactions, including commitment letters, term sheets, revolving credit and term loan, pledge, participation, guaranty and security agreements.

Private Practice, Edison, NJ

September 1999 – September 2000

• Conducted real estate closing and filings for real estate transactions; litigated copyrights, trademarks and related intellectual property matters and prepared E-commerce agreements and filings.

Schulte Roth & Zabel, New York, NY Corporate Contract Attorney

March 1999 – September 1999

• Prepared pre-closing documents for sales of securities and other commercial transactions. Working knowledge and related filings for '33, '34 and '40 Acts and UCC filings and other filings perfecting security interests. Limited drafting of operative documents necessary to form Hedge Funds.

EDUCATION

•Touro College Jacob D. Fuchsberg Law Center, Huntington, NY Juris Doctorate

Honors: International Editor, Environmental Law Journal

Assistant Editor-in-Chief, The Restatement (school newspaper)

Law Center Service and Community Award; Certified Mediator

•New York University, New York, NY College of Arts and Sciences

B.A., Political Science

LANGUAGES

Portuguese: verbal and written fluency

Hindi: verbal fluency

Spanish: verbal and written fluency

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