Full-Time

VP – Operational Risk and Data Technology Officer

Posted on 12/21/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking provider

Fintech
Social Impact
Financial Services

Compensation Overview

$129.8k - $194.8kAnnually

+ Incentive Awards + Retention Awards

Senior, Expert

New York, NY, USA

Hybrid position based in New York.

Category
Operations Consulting
Consulting
Required Skills
Power BI
Tableau
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • 6-10 years experience in product program governance and risk management framework.
  • Skills in risk management, business analysis, data, analytics, databases, data quality are desired; experience in database tools, Tableau, Power BI, visualization is preferred.
  • Strong team player with excellent work ethics, attention to details and accuracy.
  • Quick learner with strong communication, organizational & interpersonal skills with the ability to work with counterparts in various areas in the organization.
  • Should have Excellent proficiency in Microsoft Office – particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
  • Good understanding of Risk Management and Operational Risk Management with some basic understanding of Financial Models.
  • Knowledge of Data Governance and Strategy a plus.
  • Bachelor’s/University degree required, Master’s degree preferred.
Responsibilities
  • Establishes and oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
  • Independently assess’ risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
  • Define and manage Operational Risk Management Products, liaise with stakeholders and technology partners.
  • Responsible for oversight and execution of critical ORM Initiatives as a Program/Project manager, with required SME input.
  • Define and manage Operational Risk Data Strategy including but not limited to performing data analysis to derive insights that can be used for effective identification and management of Operational Risk.
  • Develop and maintain strong relationships with senior stakeholders across multiple organizations (internal and external).
  • Define Scope, Strategy and Success criteria for Operational Risk Transformation Programs.
  • Identify risks, issues and critical interdependencies across programs/initiatives.
  • Define requirements and manage Book of Work execution for Operational Risk Applications in the capacity of Product Owner.
  • Manage adherence with all Citi Internal Processes including but not limited to creating and managing documentation that can evidence adherence.
  • Provide Execution and Oversight support for Transformation Programs including effective Independent Challenge.
  • Manage all program/project execution artifacts required for Business Completion and IA Validation of regulatory milestones and deliverables.
  • Governance and oversight may include (not limited to) technology operational risk, risk for example.
  • Execution ownership of ORM assigned Consent Order RBCM (Regulatory Business Milestones).
  • Ownership, Execution, Delivery or ORM owned Programs/ Projects.
  • Resolves transactional level escalations coming from the vendor or internal partners.
  • Analyzes a multitude of scorecards/performance management tools in an attempt to mitigate exposure (risk/financial/regulatory).
  • Monitors goals are met through performance, risk and relationship oversight of our extended supply chain.
  • Collaborates to resolve any issues which fall within the terms of the contract.
  • Develops and maintains relationships across the business users and Lines of Defense to better understand and deliver customer requirements by responding to changes in the internal and external business environment.
  • 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 offerings include consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, utilizing its global network and technology to deliver financial solutions. Citigroup generates revenue through interest from loans, fees from banking services, and commissions from investment activities. Unlike many competitors, Citigroup's extensive international presence and commitment to sustainability through ESG initiatives set it apart. The company's goal is to facilitate international trade and investment while managing financial assets and providing liquidity in the global financial system.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

Tel Aviv-Yafo, Israel

Founded

1812

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Simplify's Take

What believers are saying

  • Citi's earnings show a recovery in consumer card spending post-pandemic.
  • The partnership with Jumia highlights Citi's role in cross-border e-commerce facilitation.
  • Citi's pay equity transparency enhances its brand reputation and social responsibility.

What critics are saying

  • Increased competition from digital platforms like Versana may challenge Citi's market share.
  • Citi's involvement in volatile e-commerce markets like Africa poses financial risks.
  • Citi's digital banking expansion increases exposure to cybersecurity threats.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unparalleled international banking services.
  • The introduction of 'Green Deposits' caters to the growing demand for sustainable financial products.
  • Citi's partnership with Mastercard for Google Pay Plex accounts enhances its digital banking offerings.

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