Model Governance & Inventory Management Sr. Analyst, AVP (Hybrid) Officer

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Job Overview

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.

We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

Citi Finance is responsible for the firm’s financial management and related controls.  We manage and partner on key Citi initiatives and deliverables, such as our quarterly earnings process and ensuring Citi’s compliance with financial rules and regulations.  The team comprises chief financial officers who partner with each of our businesses and disciplines including controllers, financial planning and analysis, strategy, investor relations, tax and treasury.

We’re currently looking for a high caliber professional to join our team as Assistant Vice President, Model Governance & Inventory Management Sr. Analyst - Hybrid (Internal Job Title: Assessment & Design Sr. Analyst – C12) based in Mumbai, India.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

•    Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
•    We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
•    We empower our employees to manage their financial well-being and help them plan for the future.
•    Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
•    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
•    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

Individuals in Assessment & design are responsible for developing, designing, and implementing controls programs, and providing review and guidance on robust controls design adhering to Citi’s Policies, Standards, and Frameworks. Individuals proactively identify and drive controls enhancements such as automation, standardization and rationalization including transformation execution activities. Includes first line activities for identification, measurement (significance and likelihood), and ongoing assessment of key risks and controls in partnership with relevant process owners to drive management decisions to operate within the firm’s Risk Appetite.

In this role, you’re expected to: 

• Support teams in the quality, completeness, and accuracy of the implementation of the Control Framework, including Model Risk Policy, Risk Control Policy, Control Standard, Issue Management Policy, Lesson Learned Policy and Control Inventory.
• Assist in performing a detailed analysis on the identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.
• Help drive semi-annual Model Attestation process for Finance
• Work with the rest of the Risk & Control organization, Model Sponsors and Model Risk Management to keep Finance compliant with Model Risk Policy & Procedures
• Help contribute to governance and the facilitation of the execution of the Manager Control Assessment (MCA, i.e. Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes.
• Help contribute to the Lessons Learned Policy, including monitoring of control breaches and disseminati on and learnings across other business units for process improvement to limit the occurrence of similar future events and where similar risk exposure might exist.
• Support the review and challenge process, within the FLUs, 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.
• Support in dealing with Operational and Compliance Risk in accordance with established Policy requirements.
• Assist in supporting Risk Appetite and monitor / assess exposures against this in accordance with enterprise requirements
• Help ensure that adequate governance and training are in place to support management of Risk profiles
• Help support the design and development of Citi's comprehensive controls program.
• Help perform assessment of the effectiveness of existing controls, identifying areas for improvement, and helping to implement necessary changes.
• Assist to drive and manage controls enhancements focused on increasing efficiency and reducing risk.
• Help support the coordination with key stakeholders and relevant process owners to drive management decisions aimed at maintaining operations within the firm’s Risk Appetite.
• Assist with the assessment for the business/function risk appetite in line with changes in the business environment, regulatory requirements, and strategic objectives.
• Help support the collaboration with key stakeholders to assess potential risks and develop risk mitigation activities to define the acceptable level of risk across various areas of operation.
• Assist with the execution of Enterprise Risk Management

• Framework and adherence with Risk Mgmt. / Compliance Policies.
• Help collaborate with business and functions to understand the control processes and identify potential areas for improvement.
• Stay updated on regulatory changes and industry best practices related to control management and ensure the controls program aligns with these standards
• Assist in providing regular updates to senior management on the performance of the controls assessment and design
• 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, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

As a successful candidate, you’d ideally have the following skills and exposure: 

• 6-10 years of experience in Risk & Control, or Model Governance/Management
• MS Excel, MS Word, PowerPoint, Tableau a plus. 5+ years’ experience in financial services.
• Consistently demonstrates clear and concise written and verbal communication skills
• Effective organizational influencing skills required.
• Demonstrated ability to lead global team efforts E
• Excellent problem-solving skills Ability to comprehend the big pictures with high attention to critical details
• Demonstrated ability to develop and implement strategy and process improvement initiatives

Education: 

Bachelor's/University degree, Master's degree preferred

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Job Family Group:

Controls Governance & Oversight

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Job Family:

Assessment & Design

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Insights, Communication, Constructive Debate, Controls Lifecycle, Issue Management, Process Design, Program 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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