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VP Business Risk and Control Officer - C13

Job Req ID 24794859 Location(s) Tampa, Florida; New York, New York; Irving, Texas Job Type Hybrid Job Category Risk Management
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The Business Risk and Control Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business.

This role is in the Technology Issue Enablement Group. The team provides oversight for Technology, Cyber, and Foundational Issue Management programs to facilitate a “No Surprise” approach using a standardized methodology, proactive monitoring of compliance to the Global Issue Management Policy & Standards, and enabling mitigation of risk through deep dives and analysis to surface commonalities in Issues.

Responsibilities:

  • Help contribute to governance and the facilitation of 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. 

  • Support teams 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.

  • Assist in performing a detailed analysis on 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.

  • Help contribute to the Lessons Learned Policy, including monitoring of control breaches and dissemination and learnings across other business units for process improvement to limit the occurrence of similar future events and where similar risk exposure might exist.

  • Support the review and challenge process, within the FLUs, on 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. 

  • Help contribute to the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC).

  • Assist in the monitoring of the adherence to the MCA Standard through controls after the execution of a process (QA).

  • Support in dealing with Operational and Compliance Risk in accordance with established Policy requirements.

  • Assist in performing a detailed analysis to identify, assess, escalate, and manage risk exposures across Risk Categories (Operational Compliance, Strategic, Reputational, etc), including material, emerging and concentration risks in accordance with enterprise Policies and the establishment of Key Indicators to monitor risk exposures.

  • Assist in supporting Risk Appetite and monitor / assess exposures against this in accordance with enterprise requirements (if applicable).

  • Be part of the process to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements.

  • Help ensure that adequate governance and training are in place to support management of Risk profiles.

  • Contribute to the risks associated with New Activities and changes to the Business, ensuring these are well understood and adequately controlled (if applicable).

  • Support operational risk scenario analysis and stress testing for Operational Risk Capital requirements.

  • Support with 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).

  • Coordinate risk and control responsibilities and ensure accountabilities are embedded within FLUs, including providing training and leading by example.

  • Support with 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.

  • 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

  • 6-10 years of experience.

  • MS Excel, MS Access, SAS, SQL, Visual Basic a plus. 5+ years’ experience in financial services.

  • Consistently demonstrates clear and concise written and verbal communication skills

  • Effective organizational influencing skills required.

  • Third party vendor management preferred. Demonstrated ability to lead global team efforts

  • Excellent problem-solving skills Ability to comprehend the big pictures with high attention to critical details

  • Demonstrated ability to develop and implement strategy and process improvement initiatives.

Education:

  • Bachelor's/University degree, Master's degree preferred.

This role is in the Technology Issue Enablement Group. The team provides oversight for Technology, Cyber, and Foundational Issue Management programs to facilitate a “No Surprise” approach using a standardized methodology, proactive monitoring of compliance to the Global Issue Management Policy & Standards, and enabling mitigation of risk through deep dives and analysis to surface commonalities in Issues.

Responsibilities:

  • Work with Risk & Control colleagues across Technology to collate and report on open/past due issues from all sources.  Ensuring compliance with Policy/Procedure.

  • Develop processes and analysis to proactively identify potential procedural gaps.  Work with stakeholders to prevent policy/procedure breaches.

  • Present on Issue status, themes, and trends in open issues in various forums.

  • Responsible for identifying training needs by conducting assessments to detect skill gaps and training requirements. 

  • Develop and implement comprehensive training program along with monitoring and evaluating the training program effectiveness and maintain repository for training materials.

  • Create detailed thematic analysis and presentations.

  • Assist and participate on increasing process automation implementation.

  • Creating Process Control Manuals and Quick Cards.

  • Lead working group forums.

Qualifications & Skills:

  • Expertise in Technology Risks & Controls.

  • Strong understanding of Issue Management Lifecycle (from identification to closure)

  • Strong understanding of Citi’s MCA process.

  • Excellent oral and written communications skills; must be able to articulate and be persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.

  • Ability to drive change to business practices by working effectively across a global organization.

  • Self-starting with the ability to multitask and prioritize.

  • Project management skills.

  • Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.

  • Ability to analyze a process and recommend ways to improve quality, controls, and efficiency.

  • Excellent analytical and problem-solving skills.

  • Robust knowledge of training methodologies.

  • Excellent communication and presentation skills.

  • Must be analytical, flexible, team-oriented, have good interpersonal, communication, and follow up skills with strong attention to detail.

  • Preferred:  Project Management Professional Certification (PMP)

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Control

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Time Type:

Full time

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Primary Location:

Tampa Florida United States

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Primary Location Full Time Salary Range:

$103,920.00 - $155,880.00


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:

Oct 10, 2024

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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.

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

View the EEO Policy Statement.

View the Pay Transparency Posting

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