SVP, Business Risk and Control Sr Officer I
- Bank
- 10 to 14 Yrs
- Other Maharashtra
- 5 months ago
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Job Description
- Whether youre at the start of your career or looking to discover your next adventure, your story begins here. At Citi, youll have the opportunity to expand your skills and make a difference at one of the worlds most global banks. Were fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. Youll also have the chance to give back and make a positive impact where we live and work through volunteerism. Shape your Career with Citi Citis Risk Management organization oversees Citis risk governance framework and risk appetite, ensures all risks generated by the firms businesses are measured, reviewed, and monitored on an ongoing basis. Were currently looking for a high caliber professional to join our team as Senior Vice President, Business Risk and Control Sr. Officer I - Hybrid (Internal Job Title: Business Risk and Business Risk and Control Sr. Officer I - C14) based in Mumbai, India. Being part of our team means that well provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance: Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country. We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. Thats why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world. We empower our employees to manage their financial well-being and help them plan for the future. Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses. We have a variety of programs that help employees balance their work and life, including generous paid time off packages. We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world. In this role, youre expected to: The Business Risk and Control Sr Officer I is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically, a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. 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. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project. Responsibilities: Work with Management on 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. Accountable for 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. Ensure the identification of issue root cause, partnering with control and process owners to recommend holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies. Direct teams in the implementation of 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 management in 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. With management, direct teams on the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC). Assess, with management, the adherence to the MCA Standard through controls after the execution of a process (QA). Assist management in exercising control over Operational and Compliance Risk in accordance with established Policy requirements. Help management allocate resource 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. Assess, with management, Risk Appetite and monitor / assess exposures against this in accordance with enterprise requirements (if applicable). Take ownership to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements. Responsible that adequate governance and training are in place to support management of Risk profiles. Assess, with management, the risks associated with New Activities and changes to the Business, ensuring these are well understood and adequately controlled (if applicable). Support management on operational risk scenario analysis and stress testing for Operational Risk Capital requirements. Be responsible of 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). Take ownership to ensure that risk and control responsibilities and accountabilities are embedded within FLUs, including providing training and leading by example. Assist management in guiding and influencing 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency. As a successful candidate, youd ideally have the following skills and exposure: 10+ years of relevant experience Must have deep understanding of model risk Familiarity with 3rd party risk models. Consistently demonstrates clear and concise written and verbal communication skills SQL, Perl or Python, Matlab or R, Excel VBA. Database administrator experience is a plus Education: Bachelors/University degree or equivalent experience Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, youll have the opportunity to grow your career, give back to your community and make a real impact. Take the next step in your career, apply for this role at Citi today https://jobs.citi.com/dei ------------------------------------------------------ Job Family Group: Risk Management ------------------------------------------------------ Job Family: Business Risk & Control ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. 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. ,
Employement Category:
Employement Type: Full timeIndustry: BFSIRole Category: Not SpecifiedFunctional Area: Not SpecifiedRole/Responsibilies: SVP, Business Risk and Control Sr Officer IContact Details:
Company: CitiLocation(s): Other Maharashtra+ View Contact
Keyskills: Risk Management SQL Perl Python Matlab R Database Administration
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