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Business Risk and Control Officer - Nordics

Job Req ID 21383175 Primary Location Stockholm, Sweden Job Category Risk Management
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The successful candidate will support the effort to enhance the Risk and Control environment within Citi. Responsibilities and projects are complex and require considerable independent judgment and initiative as well as the use of data analysis and business problem solving skills. This role requires attention to detail and strong project management principles.

Responsible for the assessment, implementation and continued development of risk and controls solutions. The individual will identify enhancement opportunities, communicate the details of issues and corrective measures, and align activities to achieve critical governance and control milestones, specially focusing on our Nordic cluster, based in Sweden.

Responsibilities:

  • Oversight of country risk profile and controls, identification of key operational and emerging risks by ensuring appropriate review and continuous assessment, design and execution of those controls and compliance with regulations. Maintain in country line-of-sight on risk and control matters.
  • Participate in various country management forums as relevant. Keep country management team aware of the risk and control environment in the region through continuous and open communication, by preparing and hosting Business Risk Committee meetings with the management board to present and follow-up on issues, concerns and correct action plans.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the Firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
  • Work with the Regional In-Business Risk & Control team to update and help maintain a robust global Manager’s Control Assessment (MCA) through Citi’s Governance, Risk and Control (GRC) framework. Engage in the risk assessment process, controls and Key Risk Indicators (KRI) thresholds design.
  • Work with in business controls resources to co-ordinate key controls remediation across the region
  • Coordinate the implementation of global and regional risk and control projects and initiatives. Work with the relevant country franchise and first Line teams (including processes tied to internal and external third parties) to map and document processes in order to achieve consistency while addressing local nuances.
  • Oversee key operational risk areas and maintain a close working relationship with internal policy owners at the second line of defense, including Independent Compliance Risk Management (ICRM), Operational Risk Management (ORM), Information Security (IS), Third Party Management (TPM), etc.
  • Responsible for regional management reporting in coordination with local Risk and Control teams, including quarterly reporting on changes to the control environment, significant events, lessons learned and root cause analysis as applicable.
  • Collaborate with the Citi Global teams which may include conference calls with the headquarters in US time zones.  Drive initiatives in country that arise from the Global and regional workstreams and framework.
  • Lead several working groups in the development and implementation of new risk and controls frameworks.
  • Chair different workstreams, meetings relating to risk and controls.
  • Provide oversight and guidance over the assessment of complex issues, structuring potential solutions and driving effective resolution with other stakeholders.
  • Perform complex analyses of comparative data, preparing and presenting regional and global reports related to compliance risk assessments, and monitoring of compliance related issues.
  • Partner, collaborate and work with other areas within Citi, as necessary.
  • Keep abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.
  • Additional duties as assigned.
  • Bridge differences between parties to come to effective solutions.

Development Value:

The position provides a very wide scope of activities, geographic and legal entity coverage with frequent interaction with senior management of all geographic, product, risk and functional lines. In addition to this exposure, the position provides learning opportunities for leadership across a diverse set of countries in Europe with a wide range of management challenges.

Knowledge/Experience:

  • Knowledge of Compliance requirements, policies and procedures, laws, rules, regulations, risks and typologies
  • Proficient in MS Office applications (Excel, Word, PowerPoint)
  • Knowledge in area of focus
  • Prior experience in Risk and Controls and/or Compliance
  • Experience in enhancing the control environment a plus
  • Prior governance, legal entity experience
  • Matrix understanding
  • Strategic agility
  • Managing stakeholders at all levels

Skills:

  • Strong verbal and written communication skills; ability to present ideas to audiences at all levels internally and externally
  • Demonstrated track record of collaboration across multiple, disparate internal business groups
  • Ability to manage multiple projects and priorities across teams and work effectively under pressure in a rapidly changing environment
  • Ability to work with different business and functions teams

Qualifications:

  • Bachelor’s degree or equivalent experience
  • Experience in risk management, project management, audit, compliance  or other control-related function in the financial services firm; experience in area of focus;
  • Advanced degree preferred

Competencies:

  • Self-starter, flexible, innovative and adaptive
  • Ability to manage multiple projects and priorities across teams and work effectively under pressure in a rapidly changing environment
  • Ability to work with different business and functions tea
  • Detail oriented and structured

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Controls

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Time Type:

Full time

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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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View the Pay Transparency Posting

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