SVP, IRM – Controls Assessment & Testing Sr. Officer - C14 (Hybrid)

The Independent Risk Management (IRM) Controls Monitoring & Testing team is responsible for assessing the adequacy of common (or enterprise) Controls, Monitoring, and Testing Approaches that are designed and executed by the IRM risk segment business teams. This role will report to the Director, IRM Head of Control Monitoring & Testing within the Second Line Testing Utility (STU) while leveraging, where possible, infrastructure established for the First Line Centralized Testing Utility (CTU), while maintaining separation in alignment with the Firm's Lines Of Defense model.

This is a newly established team within IRM Controls, with responsibility for objectively monitoring and testing IRM's owned controls within the Manager’s Control Assessment (MCA, aka RCSA). This is an execution-based role responsible for centrally assessing operational control performance and assurance of IRM risk segments as well as developing monitoring and testing approaches. This includes the execution of control assessment processes, results reporting, and insight sharing related to the above scope of controls assessment activities. The individual will work closely with a small core team of controls professionals to manage the oversight of IRM owned monitoring and testing of controls, define best practices and policies, and stand-up central support for an enhanced monitoring and testing program within IRM. The individual will be accountable for reporting controls testing results and providing advice regarding control design and implementation. The role also requires the identification, communication, and escalation of control assessments concerns to senior management, provide inputs to process enhancements, developing technical strategy, and work plans. The position will stay abreast of cutting-edge practices in control design and assurance and require strong knowledge of appropriate and effective control design and the ability to adapt them for application within the covered domain or business.

Strong communication and diplomatic skills combined with the ability to influence and persuade stakeholders across the Risk organization are required while providing feedback on the adequacy and effectiveness of controls and any remedial actions required as part of controls assessments.

Key Responsibilities:

• Establish and enhance control monitoring and testing tools (methodology/approach) and associated procedures in line with the applicable Policies, Procedures, and Standards.

• Support the adoption of the new MCA Standards and Procedures and the build out of the IRM STU.

• Set priorities, allocate resources, and develop management training for individuals and teams and create consistent/standard tools, methodology, and templates.

• Support management in the review and challenge process, within the IRM risk segments on the effective design and management of controls to mitigate risks as required by the Control Standards, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution.

• Communication of insights and Monitoring & Testing results to Senior Stakeholders

• Support training of testing assessment officers on processes, systems, and execution of control assessment activities, which may include cross-training onshore and offshore staff across the IRM Controls Monitoring & Testing team.

• Maintain relationships and drives accountability with partners, peers, and other LoD stakeholders to drive control assessment and testing's success in support of the business's strategy.

• Review potential issues for accuracy and suitability prior to reporting and communication with IRM Risk Segments.

• Effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

• Appropriately assess risk when business decisions are made, demonstrating consideration for the bank's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations.

• Support and mentor team members on topics ranging from Monitoring, Testing design & execution, control testing platforms and automation.

Qualifications

• 8+ years of relevant experience in Risk & Controls, Independent Risk or Audit preferably in financial services.

• Advanced knowledge and experience in assessing controls design, execution and/or control testing.

• Excellent understanding of the MCA / RCSA (i.e., Risk & Control Self-Assessment) or equivalent risk and control frameworks and processes at peer firms

• Strong leadership/executive presence with strong oral and written communication skills.

• Ability to lead teams, work in a team environment and manage relationships with knowledge of industry expectations and best practices.

• Advanced knowledge of testing methodologies, techniques, and risk assessment principles and a solid understanding of processes, risks and controls.

• In depth understanding of regulations and policy-related documents including standards and frameworks.

• Strong data analysis skills with ability to analyze large data sets and draw meaningful insight and recommend ways to improve quality, controls, and efficiency

Education:

Bachelor’s/University degree required, Master’s degree preferred.

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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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