VP Risk Governance Lead (Hybrid)
Team Overview:
The Risk Governance team manages firm-wide, cross risk type Governance Committees, including the Citigroup and CBNA Board Risk Management Committees (RMC), Group Risk Management Committee (GRMC), and CBNA Risk Committee. The team is part of the wider Risk Chief Administrative Office (CAO) that provides support to the Risk organization with a focus on governance, control effectiveness, regulatory engagement, risk communications, and financial performance including resource management.
Position Objective:
The objective of this role is to manage the day-to-day execution of the Risk Management Committees, inclusive of the Board Risk Management Committees, Group Risk Management Committee and the CBNA Risk Committee. The role involves working with stakeholders on the agenda for the Risk Management Committees and to deliver complete, accurate and timely information to senior management. These committees are responsible for overseeing the execution of the risk governance framework in accordance with the Risk Governance Committee Standards and relevant committee charters
Key Responsibilities:
- Coordinate the identification and adoption of new technology solutions to better execute on governance committees, in particular leading the requirement gathering efforts and engagement with Sourcing and other internal departments
- Lead high priority strategic/regulatory ad-hoc projects for the Risk Governance team across their lifecycle by identifying and structuring problems, analyzing root causes, developing solutions, communicating project results, and obtaining buy-in for change
- Oversee the Risk Governance controls in line with expanded Manager Control Assessment expectations, which will require ongoing execution and monitoring
- Respond to requests related to Internal Audit (IA) activities, including IA coverage requirements tied to governance and reporting activities.
- Manage an integrated forward calendar for GRMC, CBNA RC, and Board RMCs, to help ensure coverage is comprehensive across all committees and aligned with committee charter and applicable regulatory requirements
- Coordinate agendas, stakeholder communications, and material development supporting the GRMC, CBNA RC, and Board RMCs, working to improve alignment and coordination across all committees, demonstrating robust escalation and corporate governance processes
- Manage and monitor governance responsibilities for the GRMC, CBNA RC, and Board RMCs, track coverage of top risks and oversee follow-up items
- Interact and communicate with stakeholders to identify key topics of interest to bring to the GRMC, CBNA RC, and/or Board RMCs
- Provide effective challenge to internal stakeholders on presentation materials submitted to ensure effective, appropriate and accurate communications
- Engage with various subject matter experts (across all businesses) and members of the Risk Management Executive Council to ensure key risks are appropriately brought to the Executive Management committees
- Produce clear and succinct presentations for the Risk Management Committees, as needed, in addition to other internal and external forums
- Support for regulatory validation activities tied to transformation or consent order requirements
- Contribute to enhancements to risk specific subcommittee committee governance practices
- Develop strong working relationships and effectively partner with key stakeholders and subject matter experts across the organization (business & functions) to accomplish goals
- Help develop other team members to enhance risk governance skills
Development Value:
Position provides a unique vantage point to gain a firm-wide perspective across all businesses (e.g. Banking, Wealth, Markets, Retail, Services), geographies and deeper understanding of the material risks across the firm (credit, market (trading and non-trading), liquidity, operational, compliance, reputation, and strategic). The role provides the opportunity to work closely with various stakeholders across the Risk organization, as well as other global functions including Finance, Compliance, and Internal Audit.
Job Qualifications/ Skills
- 6-10 years of experience in the Financial Services industry, preferably in a role that requires decision making, superior problem solving, analytical thinking / capabilities and excellent oral / written communication skills
- Proactive, highly motivated with excellent planning, organizational, follow-up and time management
- Attention to detail, ability to work under pressure and tight deadlines in a collaborative manner
- Experience in committee management or corporate governance including understanding policy requirements, escalation protocols and associated control processes
- Effective communicator including exceptional writing skills that creates effective, transparent presentations appropriate to the Board and Senior Executives
- Proven ability to take decisions and influence, facilitate, and partner internally and externally
- Working knowledge in the principles of credit, market, liquidity, strategic, operational and compliance, and / or reputational risks, including relevant risk management measures is preferable
- Understanding of Citi’s businesses and products or prior experience evaluating similar businesses, products, and geographies
- Project management skills would be a plus but not essential
- Demonstrated ability to collaborate effectively with peers and more junior team members
- Ability to quickly learn new concepts and pick up business knowledge
- Undergraduate / Master’s degree(s) with an analytical focus (e.g. finance, economics, engineering, mathematics, etc.)
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Job Family Group:
Business Strategy, Management & Administration------------------------------------------------------
Job Family:
Strategy & Development------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Irving Texas United States------------------------------------------------------
Primary Location Full Time Salary Range:
$125,760.00 - $188,640.00
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:
Oct 23, 2024------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
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.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
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