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AVP - In Business Risk & Controls Specialist - Wholesale Credit - 1st LOD (Hybrid)

Job Req ID 22538997 Location(s) New York, New York; Tampa, Florida; Getzville, New York; New Castle, Delaware Job Category Risk Management
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Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new business unit in the 1st Line of Defence, to house and consistently manage Credit Risk activities performed across its Institutional Client Group (ICG) organization.

Institutional Credit Management (ICM) has been established with the objective to provide an integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit businesses across the enterprise. ICM operates within 40+ jurisdictions globally.

This business aligned role falls under ICM’s In-Business Risk & Controls Officer and will focus on leading the end-to-end controls framework supervision of the Counterparty Credit Risk (CCR), Portfolio Management (PM), and Collateral Management (CM) as well as the Quality Assurance business units within ICM.

The incumbent will play a critical role in the assessment and development of the required controls initiatives and solutions as these business units are transforming in the implementation of wider monitoring controls’ enhancements for their BAU state. As such the incumbent will be the face of these business units to the other centralized as well as business aligned control teams, essentially representing the business unit seniors from a controls perspective. In addition, the incumbent will be partnering with a host of first, second- and third-line teams across ICG, inclusive of Business Managers, Controls, Risk, Compliance, and Operations & Technology.

This is an exciting opportunity for a practically minded professional accustomed to working in high profile environments, with a solid understanding of first line controls, and a keen interest to learn more and make a difference.

Key Responsibilities:

• Support multiple ICM seniors in their control responsibilities across all end-to-end ICM and ICG related activities

• Review and assess the end-to-end state of the current controls framework as it pertains to the respective business units’ activities across ICG

• Establish sustainable controls and monitoring methodologies to ensure process quality and effectiveness of controls in line with Citi Policies, Standards, and Procedure as well as Regulatory Requirements

• Ensure that any new controls are included in the respective teams’ frameworks, and that relevant dependencies are setup according to ORM standards

• Produce, enhance, and automate as required reporting tools and Management Information materials for senior management

• Collaborate with first- and second-line teams, as well as O&T and Internal Audit, to investigate and resolve control issues

• Provide support to stakeholders and control functions on an ad-hoc basis

• Ensure procedures, process notes, and other documentation are up-to-date and applied to adequately

• Engage in additional work streams as required

Development Value:

• End-to-End understanding of Business units’ processes.

• Understanding of the Regulatory and Business environments for each business Units, i.e., CCR, PM, CM and QA

• Exposure to seniors on a BAU basis

• Developing technical and soft skills through process improvement and automation

• Working with people from different functions, countries, and diverse backgrounds.

Required qualifications and skills:

• At least 4-5 years’ experience in the business risk and controls domain inclusive of RCSA/MCA, Issues Management, mitigation / projects, policies etc.

• Exposure on Counterparty Credit Risk, Portfolio Management, Collateral Management and / or Quality Assurance processes and responsibilities

• Proven experience in independently handling enhancement projects (with deliverable and deadlines) and interacting with teams across all lines of defence

• Excellent problem-solving skills; ability to see the big pictures with high attention to critical details

• Excellent stakeholder and partnering skills both horizontally and vertically

• Comfortable with the challenges of operating under a fast paced and many times uncertain environment

• Ability to critically interpret regulations / policies / standards and convert them into logical procedures and control documents

• Excellent written and verbal communication

• Interpersonal skills with the ability to work collaboratively and with people at all levels of the organization and across different geographic locations

• A proactive and “no surprises” approach in communicating issues

• Range of experience demonstrating flexibility in skillset and approach

• Undergraduate degree required


Job Family Group:

Risk Management


Job Family:

Business Risk & Controls


Time Type:

Full time


Primary Location:

New York New York United States


Primary Location Salary Range:

$105,510.00 - $158,270.00


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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