Wealth - Operational Risk Group Manager - SVP - New York

The Business Risk Manager, based in New York, will join the global Wealth Investment Solutions Business Risk Team as a Senior Vice President, and will report to the global Head of Product Governance, Suitability, and Sales Practices.

The role will be responsible for supporting key business risk initiatives and programs for the Wealth Investments and Insurance business globally, including:

• Product Governance (organization and administration of business led product review forums, ongoing business reviews, and relevant management MIS, across Markets, Managed Investments, and Insurance Products in the Americas, EMEA, and APA.   

• Review and assessment of existing suitability and transaction controls, with an eye toward simplification/automation 

• Input into firm wide process and risk/control framework enhancements

• Responses to, and coordination with Internal Audit, Regulators, and Control Function partners

• Representing the business in, and at times leading, key projects critical to the operation and compliance/risk management of the business

• Extensive interaction with global product teams and business/control function areas at all levels of management including Compliance, Legal, Risk, Operations, Business Controls, Supervision, and Technology

Knowledge & Experience:

• 10+ years’ experience at a bank/broker dealer/ wealth manager; some appropriate licenses preferred (e.g., FINRA SIE,7,24)

• Bachelor's degree in relevant field, additional qualifications beneficial    

• Strong familiarity with the Wealth Management product suite, and at least intermediate understanding of relevant platforms across securities trading, OTC derivatives, foreign exchange, Managed Investments, Insurance products

• Working knowledge of securities and bank – side regulations (FINRA, SEC, OCC, FCA, HKMA, SMA)

• Demonstrated track record  of operating successfully in a complex and highly regulated business environment.

Preferred Skills:

• Strong proficiency in Microsoft Office suite (Excel, PowerPoint, Word)

• Excellent communication skills, ability to communicate to all levels of management, and internal/external partners

• Adept in breaking down complex issues into root causes that can be more readily addressed

• Strong project management skills, ability to galvanize large groups.   

• Works well under pressure, has a demonstrated ability to meet deadlines

• Ability to work well as part of a team in a highly collaborative environment, with a focus on owning and driving results

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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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