Full-Time

Business Risk and Control Intmd Assoc Analyst

Updated on 12/12/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Social Impact
Financial Services

Compensation Overview

$71.2k - $99.4kAnnually

+ Incentive Awards + Retention Awards

Mid

Florence, KY, USA

Category
Risk Management
Finance & Banking
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 2-5 years relevant experience
  • Excellent oral and written communications skills; Must be articulate and persuasive.
  • Ability to drive change to business practices by working effectively. Self starting with the ability to manage multiple concurrent deadlines and prioritize
  • Ability to work in a team environment, listen and work well with others
  • Client-focused and open to different ideas/viewpoints.
  • Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
  • Demonstrated analytical skills with follow-up and problem solving capability
  • Ability to analyze a process and recommend ways to improve quality, controls, and efficiency
  • Experience with Microsoft Access databases, including design, developing queries, reports and macros in a dynamic environment
  • Proficient in Microsoft Office with an emphasis on MS Excel; SAS Programming a plus
  • Exposure to database and Data Warehouse applications a plus
  • Bachelor’s/University degree or equivalent experience
Responsibilities
  • Provides analysis on governance and the facilitation of the execution of the Manager Control Assessment (MCA, i.e.. Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes.
  • Responds to the quality, completeness, and accuracy of the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management Policy, Lesson Learned Policy and Control Inventory.
  • Delivers analysis to support the identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.
  • Contributes to the implementation of the Lessons Learned Policy, including monitoring of control breaches and dissemination and learnings across other business units for process improvement to limit the occurrence of similar future events and where similar risk exposure might exist.
  • Contributes analysis to the review and challenge process within the FLUs on the effective design and management of controls to mitigate risks as required by the Control Standards, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution.
  • Provides analysis on the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC).
  • Contributes to adherence to the MCA Standard through controls after the execution of a process (QA).
  • Contributes analysis on Operational and Compliance Risk in accordance with established Policy requirements.
  • Delivers analysis to identify, assess, escalate, and manage risk exposures across Risk Categories (Operational Compliance, Strategic, Reputational, etc), including material, emerging and concentration risks in accordance with enterprise Policies and the establishment of Key Indicators to monitor risk exposures.
  • Reviews Risk Appetite and monitor / assess exposures against this in accordance with enterprise requirements (if applicable).
  • Contributes to the analysis to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements.
  • Identifies that adequate governance and training must be in place to support management of Risk profiles.
  • Delivers analysis to support the risks associated with New Activities and changes to the Business, ensuring these are well understood and adequately controlled (if applicable).
  • Contributes to operational risk scenario analysis and stress testing for Operational Risk Capital requirements.
  • Responds to risk and control assessments or coordination for programs within various risk stripes and ensure sufficient subject matter expertise exists to enable management of these risks within the Business (e.g. third party, fraud, sanctions etc) (if applicable).
  • Understands that risk and control responsibilities and accountabilities are embedded within FLUs, by participating to training and leading by example.
  • Contributes to the implementation of standards and procedures that conform to enterprise requirements and support sound operational and compliance risk management.
  • Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business.
  • 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.

Citigroup provides a wide range of financial services, including consumer banking, corporate and investment banking, and wealth management, to clients around the world. Its services include loans, credit products, securities brokerage, and asset management, catering to individual consumers, businesses, and government entities. Citigroup operates in over 160 countries, utilizing its extensive global network and technology to offer efficient financial solutions. Unlike many competitors, Citigroup emphasizes its commitment to sustainability and social responsibility through significant investments in environmental, social, and governance initiatives. 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 partnership with Mastercard enhances its position in the digital banking sector.
  • The introduction of 'Green Deposits' taps into the growing sustainable banking market.
  • Citi's involvement with Jumia positions it strategically in the expanding African e-commerce market.

What critics are saying

  • Increased competition from digital platforms like Versana may challenge Citi's market position.
  • Citi's 'Green Deposits' could face scrutiny if environmental impacts are questioned.
  • The volatile African e-commerce market poses risks to Citi's partnership with Jumia.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unmatched international banking services.
  • The company integrates ESG initiatives into its operations, appealing to socially conscious investors.
  • Citi's technological infrastructure supports innovative solutions like Google Pay Plex accounts.

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