Head of ERM Owned Policies - Governance for Enterprise Risk Management - Director (hybrid)

The Enterprise Risk Management (ERM) organization establishes the foundational principles that guide the firm's risk-taking activities. This encompasses defining the governance framework, setting requirements, and delineating roles and responsibilities for key risk management areas, including risk identification, stress testing, risk appetite and limits, and the management of strategic, climate, and concentration risks.

The Head of ERM-owned Policies will be responsible for: (i) developing and maintaining policies, standards, procedures, and training programs owned by ERM; (ii) providing expert advice on governance matters related to ERM programs; and (iii) overseeing the management of policy breaches, dispensations, and waivers associated with ERM-owned policy documents. This role requires a deep understanding of financial institution risk management, regulatory requirements, and the ability to lead and influence across various stakeholders.

Responsibilities

• Regulatory and Policy Monitoring:
  • Continuously monitor and analyze regulatory changes, emerging regulations, and internal policy modifications to identify potential impacts on ERM policies and governance.
  • Maintain a comprehensive understanding of relevant laws, regulations, and industry best practices to ensure ERM policies remain current and effective.
• Policy Gap Analysis:
  • Conduct thorough gap analyses of existing ERM policies against evolving regulatory requirements and industry standards.
  • Identify and document areas where policies need to be updated, enhanced, or developed to address identified gaps.
• Risk Governance Documentation:
  • Lead the development and maintenance of comprehensive ERM governance documentation, including policies, standards, and procedures, aligned with regulatory expectations and industry best practices.
  • Socialize draft documentation with key stakeholders, obtain necessary approvals from relevant governance bodies, and ensure timely publication and dissemination of approved documents.
• Policy Breach Management:
  • Identify, track, and reporting policy breaches, dispensations, and waivers related to ERM-owned policies.
  • Investigate reported breaches, assess their impact, and ensure appropriate corrective actions are implemented and tracked to closure.
  • Prepare and present regular reports on policy breach metrics to senior management and relevant governance committees.
• Collaboration and Partnership:
  • Foster strong partnerships and collaborate effectively with other areas within the first, second, and third lines of defense, including business units, compliance, internal audit, and other risk management functions.
  • Work collaboratively with stakeholders to ensure consistent application of ERM policies and promote a strong risk culture across the organization.
• Team Leadership and Development:
  • Lead, develop, mentor, and manage junior team members, providing guidance, coaching, and opportunities for professional growth.
  • Foster a collaborative and high-performing team environment, promoting knowledge sharing and continuous improvement.
• Senior Management Reporting:
  • Develop and present clear and concise updates on key ERM policy matters to senior management and governance forums.
  • Provide insightful analysis and recommendations to support informed decision-making.

Qualifications

• Experience:
  • Minimum of 15 years of experience in risk management or a finance function within a bank, financial services consulting firm, or regulatory body.
  • Demonstrated experience in developing, implementing, and managing risk management policies and governance frameworks.
• Knowledge:
  • In-depth understanding of regulatory expectations and industry best practices for risk management governance, risk identification, stress testing, risk appetite and limits, and strategic, climate, and concentration risk management.
  • Strong knowledge of financial institution operations, products, and services.
• Skills:
  • Proven ability to drive results, meet deadlines, and manage multiple priorities in a fast-paced environment.
  • Highly motivated, detail-oriented, team-oriented, organized, and proactive.
  • Exceptional analytical and problem-solving skills, with the ability to assess complex issues, identify root causes, and develop practical solutions.
  • Excellent written and verbal communication skills, with the ability to articulate complex problems and policy interpretations through concise and clear messaging.
  • Strong presentation skills, with experience presenting to senior management and governance forums.
  • Proficiency in Microsoft Office Suite, including PowerPoint and Word.
• Leadership:
  • Proven experience in leading and managing teams, providing coaching, and fostering a collaborative work environment.
  • Ability to influence and build consensus across diverse stakeholder groups.

Education

• Bachelor's/University degree in finance, business, or a related technical discipline required.
• MBA or relevant advanced degree preferred.

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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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