The Risk Management Country Officer/Country Risk 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. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

• Serves as the single point of contact for franchise-level risk matters relating to the businesses operating in the country, and for providing risk management partnership to Citi Country Officers (CEOs/CCOs).
• Represents the interests of Citigroup as a whole. Partnering with the CEOs/CCOs, with focus on risk-management related regulatory matters,
• Responsible for ensuring the timely escalation and resolution of franchise-level risk issues.
• Serves as Country's lead risk manager for franchise level risk issues.
• Responsible for the risk management function and the entity’s comprehensive risk management program  
• Stress testing and capital planning: Responsible for oversight of country compliance with policy requirements on integrated stress testing and model risk. Where applicable, lead regulatory and ad hoc stress testing. Providing effective challenge to the capital planning process for the Franchise.
• First point of local regulatory contact for climate risk-related inquiries and should have oversight of implementation and execution of ESG policies in the country.
• Responsible for working with regional and global Risk teams such as the Regional CRO offices and Global Country Risk Management on identifying emerging risks in each crisis situation, defining the appropriate Risk Management responses and remediating actions, and creating comprehensive materials for escalation. They partner with the CCO and other country management team members to lead the franchise's responses in crisis situations.
• Responsible for oversight of Risk Management inputs to the IFRS 9 process, such as reviewing and validating macroeconomic assumptions, credit loss as reported, and adjustments performed by Risk where required.
• Ensures the risk oversight at the legal vehicle and subsidiaries level especially when used by more than a single product group
• Identifies and co-champions cross sector/product utilities to deliver synergies and improve quality of risk management support
• Coordinates identification, sharing and vetting of common risk concerns and sensitivities and develop coordinated solutions as appropriate (e.g. adverse developments in local regulatory and political landscape, deterioration in industry lending practices, etc.)
• Acts as Risk Management partner to the CEO/CCO on risk related regulatory matters
• Facilitates/coordinates responses to inquiries/requests from regulators
• Ensures involvement of the appropriate local risk experts in vetting and resolving regulatory issues
• Coordinates with internal counsel lobbying efforts related to regulations affecting Firm's risk taking initiatives as needed
• Coordinates the country's Basel compliance with the Lead CFO
• Acts as focal point for best practice and knowledge sharing across Business
• Has access to all business lines to gain in-dept understanding of the underlying risks in the entity
• Has unfettered access to the risk committee of the board for purposes of enhancing the independence the role and shall meet regularly with the risk committee of the board.
• Develops and maintains relationships across the business users and Lines of Defence to better understand and deliver customer requirements by responding to changes in the internal and external business environment

• Acts as SME to senior stakeholders and /or other team members.
• 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 relevant experience
• Ability to work collaboratively and with people at all levels of the organization
• Ability to both work collaboratively and autonomously; ability to navigate a complex organization
• Advanced analytical skills
• Excellent project management and organizational skills and capability to handle multiple projects at one time. Extensive knowledge of all legal, regulatory, appraisal, and corporate policies and procedures in order to ensure business compliance to minimize corporate risk
• Highly motivated, team oriented, and organized.
• Excellent communication skills.
• Can exercise independence of judgement and autonomy
• Proficient in MS Office applications (Excel, Word, PowerPoint)

Education:

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

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required

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Job Family Group:

Risk Management

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Job Family:

Risk Functional Management

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Escalation Management, Governance, Policy and Procedure, Policy and Regulation, Regulatory Compliance, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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