An individual in Enterprise Risk Management plays a critical role in managing the bank's diverse risks to ensure financial stability and sustained growth. This involves the identification and management of enterprise-level and cross-cutting risks, designing and executing stress tests, managing climate risk, and protecting against reputational risk. This integral role within the bank ensures operations are within a defined risk appetite and contribute to the overall objectives of the bank.

Individuals responsible for In-business Risk Management oversee risk identification, assessment, measurement, monitoring, and reporting. They design and implement risk mitigation actions and focus on managing one or more risks in support of business activities.

Professionals in Enterprise Risk Management are entrusted with providing a comprehensive view of risk management which enables the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's success.

Job Background/context:

• Report directly to the Global Business Sanctions Risk Officer (BSRO) for Banking and International.
• Serve as one of the lead Sanctions Risk analysts for APAC, leading review of client sanctions risk.
• Working with the BSRO team and Cluster Financial Crime Lead to ensure all requirements are met for Banking and International under Citi’s US, UK, and EU Sanctions, including any regulatory reporting or updates.
• Serve as primary point of contact for local sanctions regulations impacting Banking in APAC, especially in India, China, and Singapore.
• Serve as escalation point for Compliance Risk Country Officers (CRCO) or Sanctions Points of Contact within ICRM International in APAC.

Key Responsibilities:

• Design and lead projects to execute control enhancements over processes.
• Document processes developed, actions taken and track matters to ensure resolution.
• Collaborate with ICRM Sanctions regularly to ensure correct interpretation and application of sanctions compliance and policy requirements.
• Liaise with Compliance Assurance and Internal Audit to facilitate resolution of any issues (or corrective actions plans) identified.
• Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans.
• Prepare presentations to update senior management and various governance committees on developments, emerging risks, control issues, and enhancements.
• Ensure the maintenance of a robust Manager’s Control Assessment (MCA) in compliance with the Citi’s Risk Policy.
• Assess high-risk clients with significant sanctions exposure, including the write up/drafting of internal sanctions risk memos for senior management engagement.
• Design and develop process plans, notes or guidelines documents.
• Support any Internal Audit or ICRM Sanctions inquiries and ensure that all audit requests are timely and appropriately provided.

Knowledge/Experience:

Essential:

• Experience in assessing risks and evaluating controls in collaboration with various teams.
• Proven ability to design and lead projects to enhance processes.
• Knowledge of evolving Sanctions requirements, including financial crimes frameworks and controls.
• Proficiency in applying requirements and implementing compliance policies.
• Proven ability in preparing presentations on developments and emerging risks for senior management.
• Risk management skills for facilitating governance meetings and assessing compliance risks.
• Effective communication skills for stakeholder liaison, alignment, and strategic drive.
• Experience working with Business and across business lines, including second.
• Experience working in a fast-paced environment and delivering high quality work with tight deadlines.
• Capability to enhance, automate, and simplify control processes.
• Considerable understanding of risk management frameworks, including issue identification and resolution.
• Extensive experience operating in highly dynamic global and regional teams, ensuring alignment and consistency with global policy requirements.

Desirable:

• Experience in liaising with Compliance Assurance and Internal Audit for issue resolution.
• Ability to maintain oversight through metrics review and corrective action plans tracking.
• Expertise in risk identification, assessment, and mitigation, informed by the latest field trends.
• Proficiency in audit processes, compliance requirements, and regulatory standards.
• Strong leadership and ethical financial management skills, with a knack for creative problem-solving.
• Comprehensive knowledge of firm-specific policies and procedures.
• Advanced skills in managing audit processes and procedural changes.
• Ability to evaluate risks and manage control issue reporting, with responsibility over technical strategy.

Skills: (technical skills)

• Essential: Strong proficiency with Microsoft Suite, excellent organizational and communication skills.
• Desirable: Project management capabilities, strategic and/or analytical thinking skills.

Competencies

• Motivated, detail-oriented, team player who takes ownership and thrives in a collaborative, high-pressure environment.
• Strong briefing skills

Qualifications:

• Essential: Bachelor's/University degree
• Desirable: Master’s Degree, ACAMS/ACSS or other Sanctions Industry Certification preferred

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Job Family Group:

Risk Management

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Job Family:

In-Business Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, 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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