VP, Operational Risk (Recovery & Resolution Planning)

The Services Recovery and Resolution VP role within the Services Regulatory Risk Team, manages Recovery and Resolution Plan (RRP) submissions to regulatory authorities and their examinations across all Services Lines of Business and Products. Key activities of the Services RRP Team are amongst other activities the annual refresh of Citi’s RRP submissions, testing of capabilities and the continuous enhancement of underlying processes.

The ideal candidate has excellent time management skills to manage multiple book of work tasks and deliverables in parallel and within strict time constraints. Developed communication and diplomacy skills are required to collaborate with, guide, and influence business colleagues, including senior leaders, as well as occasionally external customers or vendors. Necessitates a degree of responsibility over data and process strategy.

Key Responsibilities include:  

• Supports and participate in firm-wide initiatives that cover U.S. and other jurisdictions resolution plans (165(d) and IDI) and corresponding regulatory exams and reviews.

• Be accountable, owning assigned critical milestones pertaining to Services RRP deliverables.

• Work collaboratively with a wide range of internal stakeholders, including product, operations, technology, legal, the central RRP team, and other partners across multiple jurisdictions to confirm support, ownership and accountable parties for the delivery of RRP requirements.

• Assess potential impacts of RRP on business strategies and initiatives, create awareness, ensure alignment with the business, address challenges, and identify opportunities to streamline and simplify the business’ plan(s).

• Drive data analysis, validate and compose relevant sections of Citi's RRP and regulatory examinations with a holistic end-to-end view.

• Develop, update, and communicate RRP related management reporting metrics while ensuring detailed documentation of such data, sources of information, and audit trails.

• Provide effective risk framework and ensure the proper governance and communication models are in place facilitating transparency and consistency.

• Work with respective teams to ensure testing, artifacts, documentation, attestations etc. are appropriate and sufficient for 2nd and 3rd lines of defense review.

• Continuously assess emerging risks through quantitative and qualitative models and formulate the strategy and tactical plans to mitigate these risks.

• Appropriately assess risk when business decisions are made, demonstrating 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+ years relevant work experience in Regulatory Risk, Business Risk & Controls, Business Operations, or Consultancy

• Effective organizational influencing skills required

• Must possess excellent written and verbal communications skills and show comfort interfacing with senior stakeholders across trading desks, product control, legal, treasury, operations, and technology

• Strong investigation, problem solving skills with ability to proactively and independently take on and lead complex projects

• Ability to work under tight deadline pressures and demonstrate agility and ability to work within an evolving environment and function

• Strong understanding of excel word and power point is required

• Prior experience in US banking resolution regulation and / or Cash or Securities Product knowledge is a plus when applying for this role.

• Knowledge of Wdesk or other editing tools is a plus

• Strong financial markets product offering and/or services experience and understanding of Financial Market Infrastructures and related payment, clearing, and settlement activities is a plus

• Experience in regulatory reporting/dealing with Regulatory bodies is a plus

Development Values:

• Develop experience interacting with various levels of management within Citi and external stakeholders (regulators, industry groups) on complex topics

• Deepen understanding of Services business and Global connectivity across other Citi Businesses, function and external financial network

Education:

• Bachelor’s/University degree, Master’s degree preferred

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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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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.

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