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Operational Risk and Control Transformation -Risk and Control Assessment - SVP

New York, New York| Jersey City, New Jersey

Job Req ID 22511827
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Citi is undergoing a Transformation to modernize and simplify the bank. We’re raising the bar and taking the opportunity to reevaluate the way we do business. This includes fostering a culture of curiosity and excellence and shifting our mindset to be simpler and data driven, making Citi an easier place to work and improving client experience. If you’re ready to be at the forefront of Transformation while taking your career to the next level, we invite you to come and join us!

Success Profile

As one of the world’s most global banks, Citi gives you the tools to make a difference. Through Transformation, we’re building the future of the bank and shaping the banking industry. Citi employs over 220,000 individuals located around the world, encompassing a broad range of teams, roles, cultures and backgrounds. Some of the skills that will make you successful in this role include:

  • Cross-Functional Collaboration
  • Credible Challenge
  • Risk Management
  • Data and Results Driven
  • Accountable
  • Adaptable



Institutional Client Group (ICF) provides a wide range of financial services to clients across the globe, partnering with corporations, financial institutions, institutional investors, governments and individuals. Having the right operational risk and control practices is critical to enabling ICG to deliver on its strategic objectives.

The Global Head of Operational Risk and Control Framework Transformation, within ICG Risk & Control, is establishing a ‘best in class’ leadership team to facilitate this change; of which this global Senior Vice President role is a core member.

Core Responsibilities

This global first line of defence role will focus on successfully delivering planning, design, build, test and implementation activity focused on transforming ICG’s Risk & Control Self-Assessment (called MCA).

More specifically:

  • Risk scoping and assessment unit application
  • Risk assessment approaches for both inherent and residual risk
  • Standardised content to drive commonality in assessment where appropriate
  • Technology enablement to support these changes
  • Quick wins, identifying areas where ICG can enhance practices quickly

These key responsibilities will be achieved by fulfilling the below activities:

  • Supporting and coordinating delivery of a realistic delivery plan based on senior stakeholder buy-in and dependency management with other key regulatory and non-regulatory workstreams
  • Representing ICG at relevant working groups and accurate/ timely reporting of delivery plan status, including escalations where required
  • Assisting ICG design decisions, with input from ICG Stakeholder groups, e.g., Business/ Function/ Region/ Risk SME
  • Advising businesses/ functions/ regions on the development of risk tools and practices, with input from ICG Stakeholder groups, and where required, being hands on and owning their process
  • Identifying and coordinating testing, including pilots, across ICG business/ region stakeholder groups
  • Communicating, coordinating and monitoring implementation of risk tools and practices across ICG business/ region stakeholder groups – including ongoing governance

Required Skill Sets (top 5)

To be successful in this role, the following skill sets are required and, where invited to interview(s), must be demonstrated satisfactorily through the candidate’s prior experience:

  • Risk knowledge and application: understanding, and ability to apply, industry leading best practice in a large, complex organization
  • Curious: open-minded, with the enthusiasm and confidence to challenge
  • Stakeholder centric: excellent communication skills, with a pragmatic and practical approach based on a clear understanding of stakeholder needs
  • Transformation: thrive on the challenge of change, with the long-term goal of delivering sustainable solutions
  • Adaptable, flexible and creative - particularly when working under pressure


  • 10+ years experience in Operational Risk Management, Audit, Compliance or other control function


  • Bachelor’s/University degree or equivalent experience, potentially Masters degree


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:

$152,050.00 - $228,080.00


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.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting


Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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  • Join our team
    of 220,000+
    strong diverse employees

  • Socially minded employees volunteering in communities across 90 countries

  • Meaningful career opportunities thanks to a physical presence in over 95 markets

We foster a culture that embraces all individuals and encourages diverse perspectives, where you can make an impact and grow your career. At Citi, we value colleagues that demonstrate high professional standards, a strong sense of integrity and generosity, intellectual curiosity, and rigor. We recognize the importance of owning your career, with the commitment that if you do, we promise to meet you more than half way.

Success Stories

Usman B.

Usman B.

“By joining Transformation, you will be at the center of driving change at Citi. You’ll help us lay the foundation to make this a better place to work and do business by implementing sound risk and controls. This team will give you a launchpad of endless opportunities to grow as a professional and challenge yourself while working across various functions.”

Risk & Controls Transformation Lead
New York

Cynthia D.

Cynthia D.

“Citi hires people for their potential and not just their experience. This gives people, including myself, the opportunity to try different roles and explore new careers. Transformation at Citi is a new adventure and will challenge how we do things at Citi: with clients, with regulators and with our peers.”

Mexico Transformation Head

Dan F.

Dan F.

“Data Transformation is a great area to be a part of at Citi. Data is at the heart of our business and ensuring that our data is of good quality with clear ownership is imperative to our success.”

Data Operating Model and Governance Program Lead
New York


Shahzad A.

“This is an exciting area to work in at Citi! Being part of Transforming a 200+ year-old institution is a once in a lifetime opportunity. This is relatively new work, so not only you can learn new skills and get exposure, but you can play a pivotal role in shaping the Citi of the future.”

Data Tooling and Capability Head

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