ICG Risk & Controls - Model Risk, Vice President (Hybrid)

Overview:

This new role is part of ICG Model Risk and Control team supporting the oversight of Risk & Controls framework, risk-assessment, and challenge of the ICG compliance with the Citi Control policy and associated Standards.

The role will combine experience in risk methodology, controls, and assurance with a knowledge of the ICG to ensure the identified control issues and associated remediations across ICG are remediated with the highest levels of discipline. 

Responsibilities:

• Analyze and assess the effectiveness of key Model Risk Controls.
• Develop capabilities for controls testing and quality assurance of control frameworks
• Partner with businesses and fellow Risk & Control colleagues across ICG to ensure effective control implementation and risk mitigation.
• Provide guidance and oversight to ICG businesses related to the Model Risk content in ICG’s Management Controls Assessment (MCA), and Quarterly/Annual Risk Assessment processes ensure inherent model risk is correctly represented across ICG and the assessment of control effectiveness is robust.
• Develop tools and analyses to proactively identify areas of emerging Model Risk.
• Work with Second Line and Internal Audit colleagues to coordinate ICG remediation actions related to model risk issues
• Appropriately assess risk, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing, and reporting control issues with transparency.

Qualifications:

• Strong understanding of risk and control framework constructs.
• Understanding of model risk management practices would be an advantage
• Advanced data analysis skills and the ability to slice and dice data
• Excellent oral and written communications skills; the ability to explain complex topics to and influence the actions of non-specialist stakeholders
• Ability to drive change to business practices by working effectively across a global organisation
• Self-starting with the ability to multitask and prioritize
• Project and change management skills
• Ability to analyze processes and recommend ways to improve quality, controls, and efficiency
• Understanding of ICG businesses, functions and controls is a plus
• Effective analytical thinking, critical reasoning, and problem-resolution skills.
• Bachelor's Degree or equivalent experience

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