$57440 - $263760 Year
Monday to Friday
Day shift
Health insurance
Paid time off
Employee discount
Dental insurance
Vision insurance
401(k)
401(k) matching
Flexible schedule
Parental Leave
Tuition reimbursement
Flexible spending account
Retirement plan
Others
Internal Job Title:
Citi LF / Holdings Global Risk Identification & Governance Lead – C13 - Hybrid
About the Team:
We’re currently looking for a high caliber professional to join our team as Vice President, - Hybrid (Internal Job Title: Citi LF / Global Holdings Risk Identification & Governance Lead – C13) based in New York (United States of America). The Citi LF/Holdings RGF Team has the responsibility to establish a robust framework that enables effective risk and control management in relation to the First Line of Defense functions across global Legacy Franchises / Citi Holdings whilst ensuring the execution of strategy refresh actions as per the plan, driving the on-time, complete delivery of all regulatory, policy and firmwide commitments associated with the book of work.
About the Role:
The Citi LF/Holdings Global Risk Identification & Governance Lead is responsible for supporting the head in the management, governance, and oversight of the implementation of Citi’s Enterprise Risk Management Framework, programs and processes that span the organization, the lines of defense and various risk categories. These include but are not limited to risk identification, risk monitoring, strategic risk assessment, risk appetite & limits, new activity risk management, risk frameworks & policy advisory, and audit management. The role has a direct reporting line to the Citi LF / Holdings Global Risk & Governance Framework Head, based out of New York. The role will coordinate closely with Global Holdings and the broader Legacy Franchise management team to ensure a consistent approach where possible to enterprise risk management, policy compliance, and enterprise / LF project management including consent order deliverables and audits.
The incumbent will work closely with various stakeholders including LF Operations, LF Technology, EIO&T, LF PMO, CSCs/COEs that support TSAs and post-LD 2, and Global LF and Holdings teams to provide objective views on risks, controls, and trends, and provide subject matter expertise advisory and support on risk identification and governance framework.
Key Responsibilities:
Risk Identification & Governance:
Responsible for coordination, consolidation, and end-to-end management of the materials for the Material Risk Inventory, LF/Citi Holdings Risk Assessment of Operating Plan (RAOP) and Strategic Risk Assessment processes for LF/Citi Holdings globally.
Develop, deploy, and enhance risk and control monitoring and reporting processes to measure control performance and enable effective risk and controls identification, monitoring and governance.
Analyze data and prepare management reporting materials for relevant governance forums.
Develop the presentation of the key top, material, emerging and strategic risks to senior management.
Drive execution of the risk identification efforts in partnership with team members and other relevant 2LOD/3LOD teams across the bank for timely and effective outcomes that meet the firm’s expectations.
Responsible for execution in accordance with the Target Operating Model (TOM) principles and ensuring that the critical activities are identified, assessed, and reported to senior management.
New Activity & Risk Management, Risk Appetite & Limits:
Monitoring of the risk appetite statements and assessments processes to ensure execution globally across all relevant LF/Citi Holdings teams (as applicable)
Assist with identification of the risk limits and thresholds to ensure these are categorized and assessed as per the policies effectively.
Management of KRI inventory and involved in the risk pool metrics maintenance activities.
Responsible for new activity risk management, including, but not limited to product inventory mapping, reviewing of proposals from businesses to assess for compliance to the New Activity Policy
Assisting the lead with the performing of ongoing monitoring for new activities approvals globally for LF/Citi Holdings
Ensuring the Product Risk Ratings and Periodic Refresh and Time/Event Based Reviews are performed within the expected timelines.
Risk Framework & Policy Advisory:
Consolidation and coordination for the Lines of Defense Designation review across all Organization units for LF / Citi Holdings
Providing advisory to relevant business teams as needed
Assisting the lead with development and oversight of policies, procedures aimed at minimizing current and potential risks ensuring that LF/Citi Holdings organization remains compliant with relevant internal and external policies at a franchise level.
Raising risks and issues (iCAPs), ensuring proper reporting and categorization of risks based on the Citi Risk taxonomies.
Development Value:
The successful candidate will have the opportunity to be part of a significant transformation effort of one of Citi’s foundational risk management programs, with active engagement across multiple business lines. The candidate will have organizational exposure to senior management and subject matter experts across businesses and functions, including the LF/Citi Holdings Head and their leadership team.
Qualifications:
8+ years of experience in risk and controls, operational and compliance efforts in financial services
Exceptional communication, presentation and strategic skills to appropriately engage with senior stakeholders
Adept at building relationships with key stakeholders and influencing and negotiating to drive change
Solid organizational skills and ability to pivot between team and stakeholder management
Understanding of Citi Holdings risk profiles across multiple geographies
Minimum Bachelor’s Degree or equivalent professional qualification. Master's degree preferred.
Self-starter who can work independently.
Ability to multi-task and manage concurrent projects and deliverables.
Proficient in the use of basic Microsoft applications (Word, Excel, PowerPoint).
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Time Type:
Full time
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Primary Location:
New York New York United States
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Job Family Group:
Compliance and Control
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Job Family:
Business Control
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Time Type:
Full time
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Primary Location:
New York New York United States
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Primary Location Full Time Salary Range:
$57,440.00 - $263,760.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date:
May 01, 2024
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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.
Communication
Leadership
Teamwork
Interpersonal
Learning/adaptability
Self-management
Organizational
Computer
Problem solving
Open mindedness
Strong work ethic
technology
Others
8 years
Communications
On going position
Hybrid Remote