Citi Group VP - Business Risk Officer CPB & LFG-1 

United States, District of Columbia, Washington 

613787234

The Monitoring and Testing Team Lead directs a team of approximately 4-6+ controls testing professionals responsible for supporting the above responsibilities, with breadth and depth on control testing planning and execution. The position closely follows latest trends in controls testing and adapts them for application within own job and covered businesses and functions.

Excellent management and communication skills required to articulate rationale or explanation on findings. Developed communication and diplomacy skills are required to guide, influence and negotiate with others, in particular colleagues in other business functions. Accountable for controls testing results and advice regarding the controls execution. Provides advice and counsel related to the technology or operations of the business. Responsible for supporting their manager in handling staff management issues, including resource management and allocation of work within the team/project.

This role will ultimately report to the Head of Wealth Monitoring and Testing.

Responsibilities:

• Design and execute monitoring tests against control activities to assess control effectiveness.
• Review and maintain monitoring activities on a periodic basis to ensure they are “fit for purpose” with the activity, risk, and control
• Identify, document, and communicate issues as well as recommending appropriate and pragmatic solutions to address risk and control issues.
• Timely and accurate entry of all controls monitoring test results into the relevant Monitoring and Testing tools.
• Summarize Monitoring exceptions for Assessment Units (AU) through monthly reporting.
• Partner with Business AU Owners, Control Owners, Business Control Heads, and other stakeholders or partners (e.g., Second Line of Defense partners) to ensure adequacy of Control / Monitor Design Assessments
• Identify and escalate emerging risks resulting from controls testing findings and engage with business partners in support of root cause analysis.
• Partner with relevant teams within Risk and Controls for the set-up of new controls and changes to existing controls within the Manager Control Assessment.
• Continually build best practices and improvements into all aspects of assigned controls monitoring work and tests – embrace learning and translate those learnings into improved tests – e.g., digital monitoring, sample size selection, frequency, evidence-gathering process improvements, etc.
• Contribute to the development of monitoring and testing processes improvements – standardization, optimization and automation where possible
• Provide support to other Wealth initiatives as needed
• Make use of data from various systems and repositories to develop a thorough understanding of the business area being tested or monitored, including identification of trends, anomalies, outliers and red flags.
• Develop and maintain effective relationships with business partners, MCA team, and functional management to ensure availability of accurate and complete information sources
• Performs decision-making of control testing outliers, including undertaking of escalations and owning Internal Audit issue management related actions.
• Proactively advance the use of computer assisted assessment tools and techniques to drive high efficiency and effectiveness in testing, monitoring, and surveillance processes.

Qualifications:

• Minimum 5 years controls testing or equivalent – in the areas of in-business controls, controls design, controls testing. Managerial experience required.
• Strong understanding of risk assessment processes.
• Advanced skills in MS Excel and MS PowerPoint and MS SharePoint.
• Strategic thinker with strong analytical skills (a must) and the ability to translate complex concepts in a concise manner
• Openness to challenge and continuously challenging the status quo
• Demonstrated leader capable of driving change
• Ability to set priorities and manage multiple projects simultaneously in a fast paced, highly matrix, dynamic environment
• Self-motivated, highly adaptive, and able to work well under tight deadlines
• Excellent written and oral communication skills with demonstrated ability to clearly articulate issues
• Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views
• Strong interpersonal skills for interfacing with all levels of internal and external audit and management.
• Bachelor’s/ University degree or equivalent experience
  

Anticipated Posting Close Date:

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