Controls Lead for Cash Management Operations

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Job Overview

The Controls Lead for Cash Management Operations is part of the broader Operations Controls function within the Chief Operating Office (COOÖ organization.

The Operation Controls function is responsible for driving the Risk and Control framework and governance across the Operations product areas.  This Controls position covers Cash Management Operations, which is responsible among other for managing Citi’s nostro accounts and optimizing fund balances across correspondent bank accounts. 

This team is part of a broader Cash Services Operations function, which is an enterprise-wide utility providing financial integrity and efficiency through comprehensive payroll management, strategic cash flow optimization and robust payment capabilities controls.

This role will work in close partnership with Cash Management Operations, Liquidity Management, Market Operations, Operational Risk Management (ORM) and Independent Compliance Risk Management (ICRM) areas to assess the risk profile of processes and develop and maintain a robust control framework that pro-actively identifies and mitigates emerging and materialized risks.  The role is also expected to bring thought leadership to the product and be an integral part of the Cash Services Controls management team.

The individual must have an in-depth understanding of Operational Risk management and a good understanding of the financial industry, preferably Treasury/Liquidity/Cash Management area. The role requires thorough understanding of the strategic direction of the function, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas.

Excellent communication, coordination and Power Point skills are a must in order to articulate internally issues, action plans, etc., often at a senior level. Some external communication/negotiation may be necessary with either regulators or auditors.   

What you’ll do:

• Collaborate with business/product/functional leaders to ensure compliance with all applicable regulatory & policy requirements.
• Work closely with the product and their stakeholders, as well as Operational Risk management, Independent Compliance Risk Management, Internal Audit, Legal, Operations Controls and other cross functional partners to assess and strengthen the control environment.
• Provide leadership in an evolving and increasingly complex regulatory environment.
• Execute governance model and drive cultural change, embedding practices which mitigate risk.
• Establish and oversee the application of operational risk policies, control automation efforts, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate or failed controls, and emerging risks.
• Independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
• Facilitate accurate and appropriate reporting of operational risks, issues and controls to senior management and various committees or forums.
• Identify emerging operational risks in the context of the current economic, regulatory and business environment and ensure that measures are being taken to mitigate these risks.
• Analyze operational risk data and indicators to identify areas of excessive risk, escalates situations that pose excessive risk(s), and engages with relevant functions to mitigate those risks.
• Perform read-acrosses of Cash Management Operations’ processes and controls to self-identify issues
• Identify root causes of major internal losses and ensure actions are taken to reduce the risk of loss from similar causes.
• 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
• Apply sound ethical judgment regarding personal behavior, conduct and business practices.
• Escalate, manage and report control issues with transparency.

What we’ll need from you:

• 10+ years of experience in Controls, preferably in financial services, Cash Management, Liquidity, Treasury, Markets Operations, Treasury and Trade Solutions or Risk.
• Experience managing large projects in complex operational and regulatory environments. Solid leadership track record.
• Ability to work effectively in a cross-functional organization. Ability to balance strategic priorities with tactical actions. Proven track record and accountability in making quick decision that have an immediate impact on business financials.
• Demonstrated understanding of business or product procedures, financial services, control and regulatory industry knowledge.
• Excellent communication skills and fluency in both written and verbal English language are required in order to facilitate reviews with senior stakeholders and control partners.
• Effective organizational influencing skills required.
• Excellent Power Point skills required including senior level presentations and ability to tell a story.
• Excellent problem-solving skills, ability to see the big pictures with high attention to critical details.
• Demonstrated ability to develop and implement strategy and process improvement initiatives.

What we can offer you

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program
• Home Office Allowance (for colleagues working in hybrid work model)
• Paid Parental Leave Program (maternity and paternity leave)
• Private Medical Care Program and onsite medical rooms at our offices
• Pension Plan Contribution to voluntary pension fund
• Group Life Insurance
• Employee Assistance Program
• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
• Flexible work arrangements to support you in managing work - life balance
• Career progression opportunities across geographies and business lines
• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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Job Family Group:

Controls Governance & Oversight

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Job Family:

Cross-disciplinary Controls

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Communication, Constructive Debate, Controls Assessment, Controls Lifecycle, Escalation Management, Issue Management, Risk Management, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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