Legal Entity Outsourcing Risk Manager, Vice President

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Job Overview

Job Title: Legal Entity Outsourcing Risk Manager

Business: Risk Management

Division: CGME Risk Management

Grade: C13

Level: Vice President

Location: Frankfurt, Borsenplatz 9  

Legal Entity: Citigroup Global Markets Europe AG (CGME) Frankfurt      

Closing Date: 08/09/2025

Job Purpose:

This Vice President role is required to strengthen the CRO team in Germany/Legal Entity Risk Management, with particular emphasis on outsourcing oversight in line with regulatory and internal requirements.

Job Background/context:

Citi aims to maintain consistent client service while ensuring safety and soundness. The Frankfurt-based EU investment firm (broker-dealer) leverages existing infrastructure and talent while continuing to recruit. The CRO Team manages legal entity risk across all key risk types, provides infrastructure support (risk reporting, capital planning, stress testing), and handles regulatory projects/initiatives.

CGME itself relies on services provided through global functions from Citigroup. The related services fall under the requirements set through MaRisk AT 9 and EBA outsourcing guidelines. The central coordination and oversight of outsourcing is set by the COO-owned outsourcing governance team, with whom the Risk function is closely liaising with.

Key Responsibilities:

• For the Risk function, establish and maintain a robust written governance and control framework for outsourcing management and monitoring.

• Interact with senior management, risk colleagues, and external stakeholders (regulators/auditors) on outsourcing topics. Also act as central coordinator between Risk and the outsourcing governance team regarding all Risk-owned outsourcing agreements.

• Ensure compliance with MaRisk AT 9, EBA outsourcing guidelines, and CGME's outsourcing governance requirements.

• Support overall strategic processes such as Risk Strategy, Risk Inventory, Risk Appetite Statement. Collaborate with the CRO team and Operational Risk colleagues on control assessments, risk assessments, policy development, and regulatory analysis.

• Support other CGME Risk regulatory matters and ad-hoc strategic projects as needed.

Development Value:

• Gain broad experience across risk functions and interact with regional and global service providers.

• Participate in critical strategic projects related to CGME and the Germany franchise.

• Develop a strong understanding of risk management processes, the European regulatory environment, and ECB supervision standards.

• Interact with senior management and local/regional stakeholders.

• Improve existing processes and practices.

• Contribute to building a new entity/investment firm in a key strategic area for Citi.

• Opportunity to take on additional responsibilities.

Person Specification

Qualifications:

• Demonstrated years of relevant experience (operational risk, finance, or regulatory preferred).

• Bachelor's degree required, Master's degree preferred (Business, Economics, Quantitative studies, etc.).

• Fluency in English required, German preferred.

• Knowledge of MaRisk and EBA Outsourcing Guidelines desirable, or a strong understanding of risk management principles.

• Familiarity with regulatory landscape for global banks.

• Experience in banking, consulting, or regulatory institutions preferred.

Competencies

• Ability to identify complex business issues ensuring proper analysis / interpretation of issues, as well as properly translating them into policy documents.

• Ambitious, hardworking, and willing to learn.

• Team player capable of working in diverse, multi-location teams.

• Positive and proactive professional attitude.

• Ability to manage multiple demands.

• Self-driven with initiative.

• Promotes diversity of thought, background, and experience.

• Entrepreneurial mindset within a corporate/regulated bank context.

• Holds self and others accountable for results.

Knowledge/Experience:

• Experience in operational risk, third-party outsourcing, regulatory inspections, and audits is advantageous.

• Strong Project management skills, drafting skills, ability to frame issues into policy documents/guidelines, etc.

• Up-to-date working knowledge of regulatory requirements and change, specifically those from European regulatory authorities (desirable)

• Previous experience in managing Regulatory Inspections and audits within a financial services company

• Track record of success in delivering high quality work in a fast paced and dynamic environment

Skills:

• Excellent interpersonal skills necessary to deal with colleagues at all levels across the firm/locations

• Excellent communication and stakeholder management skills at all levels.

• Strong analytical, problem-solving, and data interpretation skills.

• Strong organizational and project management skills.

• Proficient in Microsoft Office suite (Excel, PowerPoint, Word).

#LI-PM3

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Job Family Group:

Risk Management

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Job Family:

Risk Functional Management

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Escalation Management, Governance, Policy and Procedure, Policy and Regulation, Regulatory Compliance, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

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

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