Full-Time

VP – Business Risk and Control Officer

Confirmed live in the last 24 hours

Citigroup

Citigroup

10,001+ employees

Global financial services and banking provider

Fintech
Social Impact
Financial Services

Compensation Overview

$92k - $138kAnnually

+ Incentive Awards + Retention Awards

Senior, Expert

Cheektowaga, NY, USA

Hybrid position.

Category
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • 5+ years of experience in financial services industry
  • Experience in Front Line Risk, Operational Risk or other risk and control disciplines preferred
  • Strong quantitative and qualitative analytical skills; must be able to generate insights from data and draw impact, conclusions, and recommendations
  • Experience operating in a complex environment with diverse, cross-functional teams operating internationally
  • Excellent organizational skills; ability to multitask, shift priorities, track multiple ongoing processes, delegate as necessary, and track to immutable deadlines
  • Effective team player; ability to fulfill multiple roles and collaborate effectively
  • Bachelor’s / university degree or equivalent experience
Responsibilities
  • Help to enhance the control environment through key initiatives (e.g. Maker Checker) including driving accountability, governance, prioritization and execution
  • Support in assessing control effectiveness and identify gaps through the completion of MC enterprise assessments against Operational Risk Policy requirements
  • Assist in overseeing quality, completeness, and accuracy of the implementation of the Control Framework at the enterprise level
  • 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 with initiatives and special projects critical to the improving controls

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. Citi operates in over 160 countries, utilizing its extensive global network and technology to deliver financial solutions. The company generates revenue through interest from loans, fees from banking services, and commissions from investment activities. Unlike many competitors, Citi's global reach and comprehensive service suite enable it to facilitate international trade and manage financial assets effectively. The goal of Citigroup is to support economic growth while committing to sustainability and social responsibility through investments in environmental, social, and governance initiatives.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

Tel Aviv-Yafo, Israel

Founded

1812

Simplify Jobs

Simplify's Take

What believers are saying

  • Citi's involvement in Jumia's sales agreement taps into Africa's growing e-commerce market.
  • The 'Green Deposits' initiative aligns with the rising trend of sustainable investments.
  • Citi's gender pay equity disclosure strengthens its corporate governance and investor appeal.

What critics are saying

  • Increased competition from digital platforms like Versana may erode Citi's market share.
  • Citi's exposure to Africa's volatile e-commerce market poses potential financial risks.
  • Cybersecurity threats could increase with Citi's digital banking expansion through Google Pay Plex.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unmatched 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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