Full-Time

Credit Risk Management Services Control Officer

Posted on 11/8/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Junior, Mid

Belfast, UK

Category
Risk Management
Finance & Banking
Requirements
  • Relevant experience.
  • Proven ability to work independently and be a self-starter. Exceptional organization and process management ability.
  • Demonstrated project management and organizational skills.
  • Good communication and interpersonal skills.
  • Demonstrated ability to prioritize, multi-task and work within tight and changeable timeframe while still maintaining high level of accuracy.
  • Advanced analytical & time management skills and excellent attention to detail.
  • Intermediate technical skills including intermediate working knowledge of Microsoft Office (Excel, Word, PowerPoint, etc.) a plus.
  • Bachelor’s/University degree or equivalent experience.
Responsibilities
  • Obtains the required documents for the credit facilities approved for the client in line with Citibank Credit Policy.
  • Registers the documents into the credit system, scans and arranges the safekeeping of the originals. Tracks the deferred, deficient, expiring, and expired documents and provides our Business/Risk partners with regular reports.
  • Coordinates with Relationship Managers/Risk and Legal Counsel to ensure standard, enforceable, and approved documents are held to protect the bank.
  • Completes timely imaging and archiving, either onsite or offsite of documentation in accordance with Record Retention Policy.
  • Focuses on complex BAU cases and support its completion.
  • Assist with Data Quality Management within the team.
  • Achieves permanent control readiness by ensuring that periodic control testing is performed on time and properly addresses operational risks.
  • Provides timely feedback on any issues/gaps identified, and gaining the support of all stakeholders for control related initiatives.
  • Regularly evaluates, challenges and redesigns control requirements/processes to meet all Citi, local and other regulatory requirements.
  • Achieves business goals/targets for all internal and external audits/reviews.
  • Participates in completion of MCAs by ensuring they are updated as necessary; controls are tested per required frequency.
  • Coordinates testing within the team.
  • Discusses test results with Unit Heads and prepares summary of issues.
  • Monitors and tracks all gaps/issues identified and ensures they are resolved/closed on time.
  • Communicates to all stakeholders change requirements to ensure alignment.
  • Provide coverage for regulatory reporting.
  • Performs other projects assigned on a case-by-case basis.
  • 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 supervising the activity of others and creating accountability for those who fail to maintain these standards.

Citigroup provides a variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, allowing it to facilitate cross-border transactions and serve a diverse clientele. Citigroup's products work by leveraging its extensive global network and technology to provide efficient banking solutions, generating revenue through interest on loans, service fees, trading, and investment management. What sets Citigroup apart from its competitors is its strong focus on sustainability and social responsibility, demonstrated through its investments in environmental, social, and governance initiatives. The company's goal is to create a positive financial and social impact while ensuring growth and profitability.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

New York City, New York

Founded

1812

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Simplify's Take

What believers are saying

  • Citi's investment in Pylon enhances its mortgage trading capabilities and client offerings.
  • Increased lending capacity for SMEs through iwoca partnership boosts Citi's market reach.
  • Citi's involvement in healthcare tech financing diversifies its investment portfolio.

What critics are saying

  • Integration with Pylon Mortgage Platform may pose operational challenges for Citi.
  • Citi's large debt funding packages increase exposure to potential credit risks.
  • Intensifying competition from fintechs like SeQura could impact Citi's market share.

What makes Citigroup unique

  • Citi's global presence spans over 160 countries, offering unmatched international banking services.
  • Investment in fintechs like Capitolis and SeQura enhances Citi's digital banking capabilities.
  • Citi's commitment to ESG initiatives strengthens its reputation in sustainable finance.

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