Risk & Control Frameworks, Standards, & Implementation – Vice President, C13

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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 Maker Checker Enhancement Program. 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 Lines of Businesses, Risk Category Owners, Functional stakeholders, Second Line Risk Management and Internal Audit teams.

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

Qualifications

• 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

Education

• Bachelor’s / university degree or equivalent experience

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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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Primary Location:

Getzville New York United States

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Primary Location Full Time Salary Range:

$92,000.00 - $138,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Feb 19, 2025

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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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