Citi Group SVP Risk - Independent Operational Manager Markets Coverage Hybrid 

United States, New York, New York 

770560795

Operational Risk Management (ORM) is seeking to hire an Operational Risk Manager to support its growing footprint.

Responsibilities:

• Establishes and oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
• Coverage of Equities Derivatives and Equities product control specific focus on Equities Derivatives
• Independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices
• Serves as an oversight function working with the In-Business OR and Independent Risk Teams
• Drives – Operation Risk Anticipation, Mitigation and Loss Recovery (and respective Recovery Plans)
• Ensures Operation Risk Policy implementation and provide exception approvals
• Attends In Business Risk Committees
• Attend regular P&L adjustment meetings for Equities informing ORM Product Coverage Heads of operational risk events identified through adjustments
• Work with the first line to review, challenge and provide guidance to improve metrics by calibrating thresholds and define new metrics to identify ‘true’ risk breaches
• Assist with assurance reviews to test Markets Controllers processes and controls for Equities e.g., Flash P&L and Attribution reviews and partner with country cluster leads on reviews performed locally
• Train and educate the Markets Controllers Risk and Control team covering Equities on adherence and effective implementation of the operational risk management framework components
• Liaises with Equities business ORM on breaches and action steps to correct breaches
• Works on deep dive (root cause analysis) with support of In-Business ORM and drive corrective actions
• Exports best practices and common risk, controls and corrective actions through Framework Papers
• Embrace a level of professional scepticism, naturally seeking to remain objective & validate answers provided before making key decisions
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards

Qualifications:

• 10+ years relevant experience
• Prior trading or product control - ideally both- experience strongly desired
• Significant experience in Operational Risk is a essential. Other risk and control disciplines would be a plus
• Exposure to Internal Audit or Financial Control would be desirable
• Expertise in the following would be beneficial: Fraud Awareness and Risk Management Operations and Systems (Information Security Standards, Vendor/Outsourcing Management and MCA Legal and Regulatory Compliance Management of a global operations and a complex environment that includes global teams

• Excellent communication skills – verbal & written

Education:

• Bachelor’s/University degree, Master’s degree preferred

Anticipated Posting Close Date:

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