Business Risk and Control Sr Officer I

Risk & Control Frameworks, Standards, & Implementation – Senior Vice President, C14 – Belfast

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The Risk & Controls Frameworks, Standards, and Implementation team within Central Controls is responsible for leading Enterprise-wide Risk Identification Assessments, Controls Frameworks & Standards, and Controls Enhancements / Remediations related to high severity issues, and MRA, MRIA responses. The team is responsible for driving best practices and the adoption of risk & control standards across Front Line Units assisting to increase control effectiveness and simplification. The team also leads and oversees the delivery of strategic and regulatory control programs and initiatives.

This professional will be expected to establish a deep understanding of risk and control initiatives which includes the oversight of the corresponding enterprise-wide policies enhancements and simplification.  Whilst managing multiple initiatives this role must balance ensuring awareness of gaps / remediation plans, and to drive teams to deliver best in class results. This will involve close partnership with Central Controls key stakeholders, In Business Controls teams, Risk Category Owners, Second Line Risk Management and Internal Audit teams.

Responsibilities:

• Accountable for enhancing the control environment through key initiatives (e.g. oversight of key risk and control policy changes ahead of Citi Policy Committee (CPC) approval)  
• Ensure 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 in managing controls related programs and initiatives aimed at strengthening controls and reducing risk
• Assist in managing controls remediation related to High Severity Issues, and MRA / MRIA responses
• Support and drive governance forums to monitor key risk and controls activities
• Help deliver remediation of control deficiencies, perform root cause analysis, impact assessments, and plan key remedial actions to improve residual risk
• Coordinate policies, standards, and procedures adoption
• Be part of regular reporting of deliverables for consumption across relevant risk and control forums
• Assist and / or lead initiatives and special projects critical to the improving controls
• Take ownership to ensure that risk and control responsibilities and accountabilities are embedded within FLUs, including providing training and leading by example.

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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards

Qualifications

• 10+ years of experience in financial services industry
• Significant experience in Operational Risk and other risk and control disciplines
• Experience leading teams, program management and an understanding of operational risk.
• Experience managing teams with broad accountability in a complex environment is critical as well as an ability to work effectively in a cross-functional organization
• Proven track record and accountability in making quick, but thoughtful, decisions that have an immediate impact on business financials
• Excellent communication skills required to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary

Education

• Bachelor’s / university degree or equivalent experience, Master’s degree preferred

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Control

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Time Type:

Full time

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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