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Regulatory Validation Lead -Stress Testing & Limits Program, SVP

Job Req ID 22549075 Primary Location New York, New York; Irving, Texas; Tampa, Florida Job Category Project and Program Management
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The Risk & Control Transformation Senior Lead will be responsible for Stress Testing and Limit Programs that is part of the Enterprise Risk Management (ERM) Transformation program group and will report to the ERM Risk & Control Transformation Lead. 

The Risk & Control Transformation program group is part of the CAO organization Regulatory and Cross-Enterprise Transformation team, and is responsible for providing program guidance, review and challenge for 18 programs aligned across four initiatives: Enterprise Risk Management, Risk Categories, Controls & Policy Framework, and Data, Technology & Analytics. 

This position will be aligned to the ERM initiative with 8 programs. The role will be responsible for leading the transformation of the Enterprise Stress Testing and Limits Programs (design and implementation) across risk categories to drive successful delivery of consent order action plans. However, experience in other ERM programs is highly desired: Risk Appetite; Risk Identification; Lines of Défense Model Implementation; New Activities Risk Management; Enterprise Risk Management Training programs; Strategic Risk; Enterprise Risk framework, risk capabilities and operating model across principal risk types.

Key Responsibilities:

● Partner closely with Risk Group’sEnterprise Stress Testing and Limits Program Leads, First Line business units, Internal Audit and Project Management Office to independently challenge the validation of key regulatory milestones and deliverables critical to the transformation effort.

● Orchestrate and lead the review and challenge of the regulatory milestone’s validation and remediation effort.

● Review, challenge and monitor the risk to the progress of the Enterprise Stress Testing and Limits programs and review and challenge the root cause and path to remediate the risk, if any.

● Collaborate with the ERM Transformation Lead to ensure program scope and status is aligned with target state regulatory and supervisory expectations, resolve challenges and reduce risk, if any and close identified gaps

● Provide consistent monitoring, escalation and diligent check and challenge from conception to closure of critical audit and regulatory milestones related to Enterprise Stress Testing and Limits Programs.

● Review, support and facilitate updates and reviews with senior management and regulators. Provide risk/ audit expertise related guidance and support to the Risk Program Leads to help them execute on regulatory transformation Enterprise Stress Testing and Limits programs.

● Manage and prioritize deliverables based on business needs and identify opportunities to improve efficiencies and drive continuous improvement.

● Ensure all stakeholders are identified and included in audit and regulatory milestone scope definition activities to achieve timely validation of key milestones. This includes the ability to effectively work with internal audit, risk and control functions, first line business areas and compliance for independent validation of the artifacts and deliverables supporting design and implementation validation of milestones.

● Facilitate cross risk and control transformation program engagement, monitor, track and escalate risk to the ERM Transformation Lead and appropriate stakeholders in a timely manner; ensure mitigation strategies are developed and executed when necessary

● Drive adherence to Risk & Control Transformation program processes, and standards for and serve as a thought leader across the programs

● Identify and drive resolution of issues, including those outside established projects of work.  Collaborate on reviews of each program’s defined scope, target state, and success criteria to ensure it fully addresses the letter and the spirit of the regulatory feedback, broader supervisory expectations and underlying issues and root causes, and is embedded in a broader strategic vision.

Qualifications

  • 10+ years of relevant experience including Internal Audit and Regulatory transformation experience in design and implementation of Enterprise Stress Testing and Limits programs (frameworks, models, scenarios, tools) across risk categories.
  • Sound knowledge of internal audit and regulatory validation of risk management capabilities.
  • Strong leadership skills with a proven track record in driving positive and sustained change as a risk professional, risk auditor or risk regulator working on large regulatory or strategic cross-functional risk and control transformation initiatives in the financial services industry.
  • Risk management, controls, risk governance and capabilities maturity experience preferred along with a strong business understanding of the Citi products and services
  • Demonstrated experience in leading effective cross-functional risk program and stakeholder management including risk managers, business areas and first line control, internal audit, and regulators.
  • Demonstrated ability to think strategically and analytically and to creatively problem solve
  • Ability to plan and organize, working well both in a team setting and independently. General understanding of relevant banking regulation and supervisory expectations for large complex financial institutions
  • Well-developed listening skills and a strong ability to engage with colleagues at all levels
  • Articulate and effective communicator, both orally and in writing.
  • Strong interpersonal skills, with evidence of working in collaboration across large organizations, including a proactive and 'no surprises' approach in communicating issues/requests/escalations.

Education:

Bachelor’s/University degree required; Master’s degree preferred

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Job Family Group:

Project and Program Management

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Job Family:

Program Management

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Time Type:

Full time

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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.

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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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