SVP - Business Risk and Control Sr. Officer I - MUMBAI

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

We’re currently looking for a high caliber professional to join our team as Senior Vice President, Business Risk and Control Sr. Officer– Hybrid (Internal Job Title: Business Risk and Control Sr. Officer I - C14) 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.

In this role, you’re expected to:

The role will report to the Director, Independent Risk Management - PBWM Risk Execution Oversight in Credit Risk Strategy and Execution function. The role will be responsible for conducting annual and quarterly risk assessment of all controls in independent risks management and managing the control inventory in Citi Risk & Controls system. The responsibilities include identifying opportunities to simplify risk oversight by partnering with 2nd line risk SMEs within independent risk management – PBWM Risk.

Key Responsibilities:

• Drive timely implementation of credit risk control reengineering, quality assurance and oversight monitoring changes (2nd line of Defense)
• Provide analytics and insights for state of controls in US Personal Banking Risk & Wealth Risk, across processes impacting credit risk.
• Ensure Quality Assurance and Control Oversights gold sources are updated, and strong change management process is in place.
• Ensure timely execution of the oversight control monitoring package for the US Personal Banking Risk & Wealth Risk functions.
• Conduct assigned responsibilities within their section of the overall risk family.
• Execution of Manager’s Control Assessment (MCA)/Governance Risk & Compliance (GRC) process for US Personal Banking Risk & Wealth Risk.
• Continuous Risk Assessment and Issue and Control Management
• Policy and Controls Analysis, overview of Consumer & Wealth Business
• Working with 1st Line and 2nd Line stakeholders to validate control execution.
• Responsible for review of new policy, regulatory requirements and assess continued development of controls around Risk Credit Cycle including development of risk and control metrices, flow charts, and key risk indicators
• Additionally, this individual will be responsible for creating multiple presentations for department heads and Senior Management outlining current control environment and plans for improvement
• Provide oversight of adherence of 2nd LoD processes to the Retail & Wholesale Credit Risk Policies
• Partner with Risk Reporting teams to develop set of metrics to monitor the Consumer Risk Oversight Policy Execution and drive digitalization of control monitoring
• Provide training and support on the Governance Risk & Compliance MCA policies and procedures
• In coordination with the Independent Risk partners, create a feedback loop to improve the control environment identifying trends on topics that indicate emerging risks

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

• 15+ years of experience in financial industry and 5+ year of experience in risk management.  
• Process re-engineering and automation. Prior consulting experience a plus
• Experience in managing complex projects with diverse stakeholder groups
• Ideal candidates should have several years of experience in control assessment, auditing, and development of controls within the financial services industry. The individual should also have working knowledge of Banking Regulations and OCC guidance
• Strong energetic lead with advanced presentation and communication skills
• Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views
• Excellent judgment and independent decision-making ability
• Process/ Project Management certification is preferred
• Experience in private banking, wholesale credit or wealth management is a plus.

Education:

• Bachelor’s/University degree, Master’s degree preferred

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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