Full-Time

Retail Bank – Program Mgmt Lead

Acct Opening/Closing Governance FDIC, Vice President

Posted on 10/26/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Compensation Overview

$107.1k - $160.7kAnnually

+ Incentive Awards + Retention Awards

Senior

O'Fallon, MO, USA

Hybrid role based in Ofallon, Missouri.

Category
Project Management
Strategy Development
Business & Strategy
Required Skills
Product Management
Requirements
  • 6+ years of experience related to Retail Bank, Business Execution, Operations, and/or Product Management demonstrated through work, military, or other relevant experience(s).
  • Bachelor’s/University degree or equivalent experience
Responsibilities
  • Supports planning, directing and coordination of day-to-day activities of running programs related to the development and delivery of FDIC 370, new account opening, closing, and letters processes for the U.S. Retail Bank.
  • Execute business solutions related to letter integration (cross-channel and cross-functional), USRB account opening and closing (including Internal Audit Issues), and FDIC 370 controls/initiatives.
  • Oversees program plans meet business goals to drive improved contributions, enhance control environment, and improve customer experience.
  • Project/Program Manager for the evolution of USRB Account Opening and FDIC370.
  • Serve as the project manager for Account Opening business process owner; develop and maintain process mapping documentation for Account Opening processes across multiple business lines and channels.
  • Identify opportunities and sponsor initiatives to enhance the client experience, process efficiencies and control environment.
  • Govern compliance to FDIC370 regulations including issue identification, remediation, and the FDIC Annual Attestation process.
  • Provide reporting and issue resolution on USRB Account Opening related matters.
  • Establish and follow clear escalation paths to raise USRB Account Opening concerns as appropriate.
  • Maintain engagement with partners within Business Controls, Issues Management, Products & Segments, Retail Business Banking, Technology, and Operations.
  • Ensures projects are properly prioritized and funded.
  • Help develop and manage appropriate forums for progressing the Account Opening function.

Citigroup provides a variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit services, 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, as demonstrated by its investments in environmental, social, and governance (ESG) 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

Growth & Insights
Headcount

6 month growth

12%

1 year growth

12%

2 year growth

1%
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Simplify's Take

What believers are saying

  • Citi's investment in Pylon enhances access to institutional-grade mortgage products.
  • The €410 million investment in SeQura supports international market expansion.
  • Citi strengthens SME lending with a £200 million debt funding package for iwoca.

What critics are saying

  • Increased competition from fintechs like Pylon may lead to market cannibalization.
  • SeQura's expansion may not meet expectations, affecting Citi's returns.
  • Citi's large debt funding packages increase exposure to credit risk.

What makes Citigroup unique

  • Citi operates in over 160 countries, offering a vast global network.
  • The company integrates technological innovations for seamless banking solutions.
  • Citi's commitment to ESG initiatives sets it apart in sustainability efforts.

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