Citi Group Business Risk Control Officer VP Hybrid 

United States, New York 

709312743

The goal of the Operations Embedded Control Oversight team is to develop and maintain a comprehensive process to proactively identify and reduce operational risk. As a senior member of the Markets Operations Embedded Control team, the incumbent will be responsible for developing and maintaining comprehensive processes to identify and reduce operational risk; their focus will be on the Equity Cash, Equity Derivatives and Structured Notes Middle Office teams as well as OTC Confirmations. Risk areas include but are not limited to BAU Operational process, Regulatory requirements, Internal Policy adherence, New Business initiatives, Issue & Corrective Action Plan Management and Internal & External Audit exam participation. Partnering with operations line staff, this role will be responsible for assisting in the proactive management of operational risk and remediation of control issues. This requires co-ordination across numerous internal operations teams, as well as various other support and control groups within the 2nd and 3rd lines of defense within the organization.Responsibilities:

• Point of contact for global Equity Cash, Equity Derivatives and Structured Notes Middle Office and OTC Confirmationsstaff for control-related activities.

• Perform proactive reviews and identify best practices to be shared with global Citi businesses.

• Establish and maintain a robust control environment and culture within the Citi businesses worldwide.

• Assist management in achieving and maintaining strategic objectives, promote efficiency, reduce the risk of loss and help to ensure compliance with corporate policies, procedures, laws and regulatory requirements.

• Develop and maintain tracking metrics for management reporting and escalation.

• Develop a broad and detailed understanding of the organization’s landscape, culture and technology.

• Understand the various businesses and the applicable regulations which govern those businesses.

• Help contribute to governance and the facilitation of the execution of the Manager Control Assessment (MCA, i.e. Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes.

• Support teams in the quality, completeness, and accuracy of the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management Policy, Lesson Learned Policy and Control Inventory.

• Assist in performing a detailed analysis on the identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.

• Help contribute to the Lessons Learned Policy, including monitoring of control breaches and dissemination and learnings across other business units for process improvement to limit the occurrence of similar future events and where similar risk exposure might exist.

• Support the review and challenge process, within the FLUs, on the effective design and management of controls to mitigate risks as required by the Control Standards, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution.

• Assist in performing a detailed analysis to identify, assess, escalate, and manage risk exposures across Risk Categories (Operational Compliance, Strategic, Reputational, etc), including material, emerging and concentration risks in accordance with enterprise Policies and the establishment of Key Indicators to monitor risk exposures.

• Assist in supporting Risk Appetite and monitor / assess exposures against this in accordance with enterprise requirements (if applicable).

• Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business. 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 behavior, 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.

Knowledge/Experience:

• 6-10 years of relevant experience

• Willingness to question/challenge existing processes and ensure a satisfactory outcome.

• Proficient in metrics/KRI assessment and reporting.

• Strong organizational skills with the ability to multi-task.

• Ability to work under pressure managing tight deadlines and/or unexpected changes.

• Excellent communication and relationship skills across all management levels.

• Analytical with good attention to detail and strong problem-solving skills.

• Ability to work independently and manage time efficiently.

• Efficient team player with demonstrated ability to lead global team efforts.

• Demonstrated ability to develop and implement strategy and process improvement initiatives.

• Should have Excellent proficiency in Microsoft Office – particularly Excel (metrics and data analysis), PowerPoint, and Word.

Education:

• Bachelor's/University degree.

Anticipated Posting Close Date:

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