Full-Time

Business Risk Sr Officer II

Updated on 12/4/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Compensation Overview

$170k - $300kAnnually

+ Incentive Awards + Retention Awards

Senior

Long Island City, Queens, NY, USA

Primary location is Long Island City, New York.

Category
Risk Management
Finance & Banking
Requirements
  • 10-15 years of Financial Services and analytical / control work experience
  • Strong understanding of relevant business processes and data segments including the ability to solve for a root cause rather than symptoms
  • Strategic thinker with strong analytical skills and the ability to translate complex concepts in a concise manner
  • Demonstrated leader capable of driving change
  • Ability to set priorities and manage multiple projects simultaneously in a fast paced, highly matrix, dynamic environment
  • Self-motivated, highly adaptive, and able to work well under high stress
  • Excellent oral and written communication skills
  • Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; extensive experience in area of focus; previous experience managing a diverse staff
  • Advanced degree (e.g., JD, MBA) and certifications (CFA, FRM) preferred
Responsibilities
  • Enhance our global Wealth fiduciary governance framework to drive compliance with regulatory and internal governance requirements for monitoring, escalating and decisioning business risks
  • Drive a Wealth governance framework that supports our operating unit structure with appropriate coverage, accountability, and authority documented for each Committee, sub committee, and business forum
  • Manage the agenda, meeting minutes, and follow-up topics for Wealth Conflict of Interest and Retail Non-Deposit Investment Products (RNDIP) committees, additional fiduciary committees may be added if appropriate in our governance assessment
  • Drive standardized governance charters, meeting materials, meeting agenda, and meeting minute templates across our Committee, sub-committee, and business forums
  • Strategic leadership in harmonizing, enhancing, and creating Wealth policies, standards, and procedures aligned with Wealth MCA, ERM, and Governance activities
  • Development of strong relationships with key stakeholders with clear communication
  • Proactive engagement with control functions to ensure understanding of the Wealth governance program
  • Focus on continuous control improvements across all areas to ensure continued improvement of the control framework in an efficient, cost effective, streamlined, and value-add manner.

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 (ESG) initiatives. The company's goal is to create a positive financial and social impact while achieving 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 access to institutional-grade mortgage products.
  • The rise of DeFi platforms offers Citi opportunities for innovative financial products.
  • Increased focus on digital banking can enhance Citi's customer experience and efficiency.

What critics are saying

  • Increased competition from fintechs like Capitolis may erode Citi's market share.
  • Investment in Pylon exposes Citi to mortgage market volatility risks.

What makes Citigroup unique

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

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