Full-Time

VP – Operational Risk Framework Officer

Policy and Training, C13, Hybrid

Updated on 11/5/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Compensation Overview

$113.8k - $170.8kAnnually

+ Incentive Awards + Retention Awards

Mid, Senior

Tampa, FL, USA

Hybrid position.

Category
Operations Consulting
Consulting
Requirements
  • 3 - 7 years of experience in financial risk management, consulting, and/or regulatory affairs, with specific experience in operational or enterprise risk management.
  • In depth knowledge of risk framework development and maintenance (risk identification, measurement, mitigation, reporting and monitoring, and governance).
  • Related certifications (CRISC, or similar) preferred.
Responsibilities
  • Supports senior risk officers to influence and shape the team’s strategic target state through establishing and maintaining its strategy, policies, and training.
  • Establishes, manages and executes the Enterprise Risk and Operational Risk framework to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
  • Maintains, socializes, and gains approval of assigned risk policy documents, as part of Citi's Policy Governance processes.
  • Leads maintenance and sustainment of the organization's Business Operating Model, along with subordinate desktop procedures. In coordination with other stakeholders, identifies training requirements, and develops associated training for own organization, as well as other stakeholders.
  • Coordinates and prepares internal communications, to include written products/announcements, as well as team event agenda coordination and event preparation.
  • Supports other central function and framework efforts, as required: book of work management, risk appetite processes, metrics and threshold management, taxonomy management, regulatory engagement, audit engagement, and other tasks, as required.
  • Has the ability to operate with a limited level of direct supervision.
  • Can exercise independence of judgement and autonomy.
  • Acts as SME to senior stakeholders and /or other team members.
  • 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.

Citigroup provides a wide range of financial products and services to various clients, including consumers, corporations, and governments. Its services encompass consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. Citi operates in over 160 countries, utilizing its global network and technology to offer solutions tailored to its diverse client base. The company generates revenue through interest from loans, fees from banking services, and commissions from investment activities. Unlike many competitors, Citi's extensive international presence and commitment to sustainability through ESG initiatives set it apart. The goal of Citigroup is to facilitate international trade and investment while managing financial assets and providing liquidity in the global financial system.

Company Stage

N/A

Total Funding

$59.8M

Headquarters

Tel Aviv-Yafo, Israel

Founded

N/A

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Simplify's Take

What believers are saying

  • Citi's involvement in significant financial deals, such as the $41 million debt facility with Buyerlink, showcases its strong market presence and financial influence.
  • The company's focus on ESG initiatives aligns with growing global trends towards sustainability, potentially attracting more clients and investors.
  • Citi's technological innovations enhance its service delivery, offering employees opportunities to work with cutting-edge financial technologies.

What critics are saying

  • Operating in a highly competitive financial services market, Citi faces constant pressure to innovate and maintain its market share.
  • Global economic fluctuations and regulatory changes can impact Citi's operations and profitability, posing challenges for employees.

What makes Citigroup unique

  • Citi's extensive global network across 160 countries provides unparalleled access to cross-border financial services, setting it apart from regional competitors.
  • The company's commitment to ESG initiatives and technological innovation positions it as a forward-thinking leader in the financial services industry.
  • Citi's diverse range of services, from consumer banking to investment banking and wealth management, allows it to cater to a wide array of clients, unlike more specialized financial institutions.

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