Full-Time

Senior Legal Business Risk and Control Officer

Manager’s Control Assessment

Posted on 1/24/2025

Citigroup

Citigroup

10,001+ employees

Global financial services and banking provider

No salary listed

Senior

Belfast, UK

Hybrid working model (up to 2 days working at home per week)

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Python
R
SQL
MATLAB
Perl
Risk Management
Requirements
  • Extensive experience in a relevant role and field.
  • Familiarity with 3rd party risk models.
  • Clear and concise written and verbal communication skills.
  • SQL, Perl or Python, Matlab or R, Excel VBA. Database administrator experience is a plus.
  • Bachelor's/University degree, Master's degree preferred.
Responsibilities
  • Work with Management in Legal on the development, implementation, governance and the facilitation of the execution of the Manager’s Control Assessment (primarily Monitoring and Testing activities (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.
  • Provide oversight to control monitoring and testing activities performed by both employees and non-employee contractors to ensure established standards are met.
  • Accountable for 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.
  • Ensure the identification of issue root cause, partnering with control and process owners to recommend holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.
  • Support management in 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.
  • Work with management, direct teams on the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC).
  • Assess, with management, the adherence to the MCA Standard through controls after the execution of a process (QA) and the risks associated with New Activities and changes to the Business, ensuring these are well understood and adequately controlled (if applicable).
  • Assist management in exercising control, reporting, and analysis over Operational and Compliance Risk management activities in accordance with established Policy requirements.
  • Take ownership to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements, and to to ensure that risk and control responsibilities and accountabilities are embedded within FLUs, including providing training and leading by example.
  • Be responsible of 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).
  • Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business.
Desired Qualifications
  • Database administrator experience is a plus.

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 extensive global network and technology to offer solutions tailored to its diverse client base. Unlike many competitors, Citi's strength lies in its comprehensive suite of services and its ability to facilitate international trade and investment. The company's goal is to manage financial assets effectively while also committing to sustainability and social responsibility through significant investments in environmental, social, and governance initiatives.

Company Size

10,001+

Company Stage

IPO

Headquarters

Tel Aviv-Yafo, Israel

Founded

1812

Simplify Jobs

Simplify's Take

What believers are saying

  • Citi's partnership with Mastercard enhances its position in the digital banking sector.
  • 'Green Deposits' align with the growing demand for sustainable banking products.
  • Citi's involvement with Jumia taps into the expanding African e-commerce market.

What critics are saying

  • Increased competition from digital platforms like Versana may challenge Citi's market share.
  • Citi's partnership with Jumia exposes it to risks in the volatile African e-commerce market.
  • Regulatory challenges may arise from Citi's collaboration with Mastercard for Google Pay Plex accounts.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unmatched international banking services.
  • The company integrates ESG initiatives, appealing to environmentally-conscious investors and customers.
  • Citi's technological infrastructure supports innovative solutions in consumer and corporate banking.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Paid Vacation

Paid Sick Leave

Paid Holidays

Company News

The Asset
Feb 27th, 2025
Citigroup leads US$850 million debt syndicate for Danaos

New York-listed Danaos Corporation has signed a syndicated loan amounting to US$850 million for the financing of 14 containerships being built in Chinese yards.

FF News
Feb 20th, 2025
Capital on Tap Secures £750 Million in Landmark Funding Facilities to Accelerate Small Business Growth

Capital on Tap has secured major funding facilities for its card totalling £750 million to fuel expansion and support for small businesses

FF News
Feb 11th, 2025
Proxymity Secures $26M Funding Boost

Proxymity has secured $26 million in additional growth funding from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, J.P. Morgan, and State Street. This funding supports Proxymity's innovative technology in proxy voting and shareholder communications. The capital will enhance technology and support geographic expansion. Investors express confidence in Proxymity's potential and its impact on transparency and efficiency in investor communications.

Capital Riesgo
Jan 22nd, 2025
Anaconda BioMed secures €3.6M investment

In December, Innvierte, promoted by CDTI Innovación, invested €171 million in 16 co-investments and two investment vehicles. Notably, Anaconda BioMed received a €3.6 million commitment from CDTI Innovación, alongside other investors, to enhance its advanced catheter systems for ischemic stroke treatment. Additionally, CDTI committed €10 million to Oncomatryx Biopharma and €1.734 million to Payload Aerospace.

Finsmes
Jan 20th, 2025
IntusCare Secures $11.5M for Expansion

IntusCare, a Providence-based geriatric care analytics provider, raised $11.5M in follow-on financing, bringing total funding to over $27M. The round was led by Deerfield Management with participation from Citi Impact Fund, Jumpstart Nova, and others. The funds will be used to launch CareHub, expand existing solutions, and enhance AI research to improve user experiences for healthcare providers.

INACTIVE