Website Citi
Job Description:
Work with all CCB business functions and leaders to define the key control monitoring metrics, assess the effectiveness of the controls, integrate changes and assist in development of enhancements wherever and whenever needed, ensure management remains fully informed, and conduct disciplined reviews of all key processes.
Job Responsibilities:
- Embed a strong culture of controls within the NAM CCB organization, while helping to drive automation and efficiencies in policies, procedures and controls where appropriate
- Ensure all critical control metrics are at or above targeted goals and oversee various control/compliance processes such as change control,
- Mandatory Absence, system access and security, and all regulatory attestations.
- Interpret and implement Operational Risk Management policy and ensure consistent implementation within functions.
- As a member of the business leadership team, conduct and deliver operational risk assessment results and statuses as appropriate and provide vision and leadership for strengthening the control environment
- Interact with Global and NAM functions, including Operations, Operational Risk Management, Independent Risk, Compliance Assurance, Independent Compliance Management (ICRM), AML, Audit, Finance, and Legal to identify and mitigate business risks.
- Manage/Lead all CCB, global, and horizontal (i.e., cross-business) exams for CCB including Audit, AML, KPMG, Compliance Assurance, and ICRM, and act as the lead point of contact for all FCR and regulatory exams.
- Lead execution of all NAM activities related to Consent Order Transformation
- Lead issue mitigation for significant operational breaks, identification of root cause, make recommendations for future prevention; provide governance to ensure remediation and improvements.
- Manage the CCB issues management function ensuring timely identification, documentation, opening and closing of all issues and corrective action plans
- Manage and maintain the MCA entities for NAM CCB, including the Annual Risk Assessments, Quarterly Risk Assessment, KOR/KI process, and all testing and reporting of key controls.
- Develop vision and strategy to ensure end-to-end operational risk reporting is in place and a control culture is maintained across the NAM Commercial Bank.
Job Requirements:
- Up-to-date understanding of key risk and control concepts, tools and trends relating to risk identification, rating and prioritization, mitigation, and reporting, Operational Loss treatment, etc.
- 15+ years of related work experience
- Minimum three years in an Internal Audit, Risk Management, or Control Management-related role
- Demonstrated success leading a multi-disciplined operational risk function
- Strong knowledge of Citi’s Commercial and or TTS businesses
- Exceptional relationship/partnership skills, operational risk management expertise and skills, and knowledge of the regulatory framework and entities effecting operational risk standards and activities
- Proven track record of attracting, retaining and motivating world-class diverse talent and building diverse teams
- Ability to manage through influence (e.g. management in the absence of reporting lines or with matrix reporting)
- Ability to lead cross-functional teams, including technical, credit, risk, regulatory, operations, etc. to assess and mitigate risks via innovative methods.
- Demonstrated ability to provide thought leadership related to existing and emerging operational risks and interact with senior leaders across
- CCB and partner businesses and the second line functions
- Minimum Bachelor’s Degree or equivalent professional qualification
Job Details:
Company: Citi
Vacancy Type: Full Time
Job Location: New York, NY, US
Application Deadline: N/A
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