Citi Group Liquidity Management Services Controls & Regulatory Head 

United States, New York, New York 

223564750

The Liquidity Management Services (LMS) Controls and Regulatory Management Head is a senior specialist who provides global oversight to the LMS Risk and Control environment, proactively supporting the Services LMS Head (“Business Head”) in managing and mitigating operational, compliance and regulatory risks, and executing risk and control responsibilities for the business as a First Line of Defense function.

Core responsibilities include managing all risk and control processes and initiatives (including Third Party and Inter-affiliate): Policy, Standards and Procedures management, risk identification and analysis, Manager’s Control Assessment (MCA) coordination, issue escalation and management, corrective action plans (CAPs) design and implementation, franchise and regulatory review coordination, new product review and socialization, ‘Deep Dive’ control assessments.

Key responsibilities:

• Drive the LMS Controls & Regulatory Management strategy and ensure it is aligned to Services strategy globally
• Work with Services Controls & Regulatory Management Heads and LMS Business and Product Heads to identify, quantify, prioritize, and report key risks and vulnerabilities within the Business; propagate these across other Services businesses and functions as relevant
• Act as a subject matter expert on LMS and Core Accounts to provide specialist risk and control advice and guidance and enhance the underlying risk management and control processes to prevent, detect and mitigate existing risks and identify emerging risks
• Assess applicability of global policies and impact of local legal and regulatory requirements
• Maintain oversight over emerging and existing risks, issues, control weaknesses, control processes, corrective actions, control validations, and control enhancement initiatives
• Coordinate the overall MCA and Annual Risk Assessment (ARA) processes for the LMS business, track progress to ensure timely completion, and work with the process owners to develop action plans that remediate the weaknesses
• Establish and track KRIs including Issues and CAPs, deviations and risk acceptances, and escalate exceptions
• Perform new product risk and control reviews and provide approvals through appropriate forums
• Lead and build out the global LMS Controls and Regulatory Management team
• Manage the monthly Global LMS and Core Accounts Risk and Control Forum and escalations to the Services Global BRCC; represent the LMS Business and participate in other risk and control committees and management meetings as needed
• Ensure effective Continuity of Business (COB) plans are in place for area of remit and coordinate with Global/ Cluster Controls on effective execution. Utilize appropriate tools (i.e., COBTRAC) for management, monitoring and control of COB plan
• Follow Escalation Policy and procedures to ensure effective escalation and socialization of material risk events and issues
• Support the LMS business on all reviews and audits to ensure appropriate preparation, pre-review assessments and post-review remediation
• Coordinate and support the Business in the implementation of global, cluster and local regulatory, risk and control projects

Skills and Experience

• Bachelor’s Degree with at least 10+ years of experience in successfully managing risk and strategic programs. Risk Management qualifications desirable
• Financial services industry experience required
• Exceptional compliance, risk and/or control knowledge required
• Sound knowledge of Services business and products
• Ability to lead and drive controls across the products and functions irrespective of reporting lines
• Ability to manage through influence (e.g. management in the absence of reporting lines or with matrix reporting)
• Ability to build rapport and work closely with key senior stakeholders and partners within and outside the business
• Up-to-date understanding of key risk and control concepts, tools and trends relating to risk identification, rating and prioritization, mitigation, and reporting, Operational Loss treatment, Anti-Money Laundering/ Anti-Terrorist Financing (AML/ATF)
• Proven leadership skills as well as people and team building skills
• Excellent communication skills (written and verbal)
• Risk-based thinking and analytical mindset
• Self-starter who can work independently
• Strategy and execution skills to prioritize areas of focus while also driving implementation in a large, global, and matrixed environment
• Ability to work on virtual projects and across virtual teams to get work done
• Ability to multi-task and manage concurrent projects and deliverables
• Proficient in the use of Microsoft applications (Word, Excel, PowerPoint)

Development Value

• A broad view of large, diverse and complex Services business globally
• Opportunity to grow in a challenging business environment
• Engagement with all aspects of the business
• Navigate a complex organization to meet enterprise requirements and facilitate a dynamic and growing business
• Execute a robust risk strategy that enables business growth
• Broaden network at Citi and Services through close interaction with the LMS Exco and partners, including 1st / 2nd / 3rd Lines of defense stakeholders.

Anticipated Posting Close Date:

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