Business Risk and Control Exec Group Manager

The Business Risk and Control Mgr manages multiple teams of senior professionals through other senior managers. The job requires a broad and comprehensive understanding of the different systems, theories and practices relevant to a function as well as practical experience of multiple business cycles.Requires thorough understanding of strategic direction of the function, combined with a solid conceptual/practical grounding in both wholesale credit risk and operational controls, together with industry and peer best practices.Excellent communication skills required in order to influence a wide range of audiences.Develops medium- to long-term plans and executes functional strategies for a large/complex country, cluster of countries, or business requiring coordination and integration across units. Full management responsibility of multiple teams, including management of people, budget and planning.Has authority to negotiate and make independent decisions on issues/activities that have critical impact or influence on company revenues, capital or business operations.

Responsibilities:

• The position leads the governance and the execution of the Manager Control Assessment (MCA, i.e. Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes. 
• Manage and set direction in the quality, completeness, and accuracy of the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management Policy, Lesson Learned Policy and Control Inventory.
• Manage and set direction in the identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.
• Independently review and challenge the effective design and management of controls to mitigate risks as required by the Control Standards, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution. 
• Oversee the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC).
• Assess adherence to the MCA Standard through controls after the execution of a process (QA).
• Review and provide governance over Operational and Compliance Risk in accordance with established Policy requirements.
• Establish relevant risk appetite metrics for the control environment and monitor / assess performance against those in accordance with enterprise requirements (if applicable).
• Provide oversight to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements.
• 10.Facilitate adequate governance and ensure training is in place to support management of Risk profiles.
• Support operational risk scenario analysis and stress testing for Operational Risk Capital requirements.
• Lead risk and control assessments or coordination for programs within various risk stripes and ensure sufficient subject matter expertise exists to enable management of these risks within the Business (e.g. third party, fraud, sanctions etc) (if applicable).
• Set direction to ensure risk and control responsibilities and accountabilities are embedded within WCR, including providing training and leading by example.
• Establish standards and procedures that conform to enterprise requirements and support sound operational and compliance risk management.
• Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business.

Qualification & Education:

• 15+ years experience in Financial Services
• Specific wholesale credit risk and operational risk experience.
• Advanced analytical ability; asks insightful questions, break analytical challenges into workable components and draws meaningful conclusions. Well versed in breaking down complex matters into core issues and root causes that can be more readily addressed.
• Proficient in developing new ideas to mitigate risk and improve current processes.
• Prioritizes high impact potential problems effectively.
• Consistently reads different situations accurately and takes appropriate action to gain senior colleague/ client commitment.
• Articulates clearly how risk technology supports unit's business, as well as the issues due to gaps between the current technology and known business requirements. Ability to measure and assess the impact of stress shocks including fat-tailed risks.
• Well-versed in reviewing the dimensions of franchise risk.
• The role requires strategic thought leadership in driving efficiency and effectiveness of the control environment; ensuring effective Manager's Control Assessment programs, and accurate reporting and escalation to the business stakeholders.
• Bachelor’s/University degree or equivalentexperience, potentially Masters degree.

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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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Anticipated Posting Close Date:

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