Job details
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.
Responsibilities:
- Leads risk and control assessments in line with established standards, provides risk mitigation recommendations.
- Collaborates on audit, compliance, and regulatory findings, drives remediation efforts, sets up the quarterly audit process, and oversees the procedural implementation and change management to ensure sound governance and controls.
- Enhances and automates control processes, monitors control exceptions and breaches.
- Establishes and promotes strong governance, controls, and a culture of responsible finance, contributing to the implementation and oversight of the Control Framework.
- Adheres to firm’s Code of Conduct, Plan of Supervision, and all role-specific policies and procedures.
- Manages risk evaluation in business decisions, ensures compliance with laws and regulations, promptly reports control issues, identifies root causes, and recommends corrective actions to prevent potential breaches.
- Maintains updated knowledge in conducting risk and control assessments and effectively influences others.
- Drives innovative risk analysis, ensures timely risk reporting, develops key communication materials, leads risk management training, and effectively manages risks related to new activities and business changes.
- Assists in governance coordination, facilitates MCA risk assessments, adheres to policy, supports risk event responses, and integrates risk and control responsibilities within business units.
- Enhances control capabilities, creates interim tools, strategizes monitoring solutions, applies business insights to implement control processes, and collaborates with stakeholders for firm protection and process improvements.
- Energizes the team by communicating a compelling vision of the future; helps them identify opportunities for change and improvement during uncertainty.
- Inspires the team to constantly improve, own mistakes, and proactively share learnings with other teams; demonstrates deep curiosity to help the team learn and improve.
- Creates a team environment in which members are proactively invited to speak up, seek out, and debate alternative views; role-models agility to change course when presented with new information.
- Acts as a catalyst for change by identifying and championing ideas that benefit the organization; supports the team to safely experiment.
- Communicates the context behind key organizational decisions; puts the enterprise above the team, and helps the team make decisions that benefit the greater good
- Creates focus by communicating and aligning resources to the most critical organizational priorities; proactively reduces potential distractions for the team.
- Proactively identifies and acts on opportunities to manage risk through streamlining processes, eliminating redundancies across teams, and reducing over-customization.
- Leads teams to strengthen controls that support client satisfaction and operational effectiveness; creates a culture in which all team members take accountability for managing risk.
- Guides the team in solving complex business challenges by taking time to gather data, uncover root causes, and identify sustainable solutions.
- Leads teams to continuously raise expectations; inspires them to exceed performance goals and deliver the best possible work.
- Role-models, educates, and holds the team accountable for doing the right thing for clients and Citi, in all situations, even when difficult
- Holds self and team accountable for establishing partnerships that break down boundaries and engage cross-functional partners early and often; creates opportunities for enhanced collaboration across business and functions.
- Reinforces opportunities for team members to support clients and communities; educates teams on the challenges faced by Citi’s constituents.
- Creates a flexible and engaging work environment in which employees can achieve work-life balance and people of diverse backgrounds and styles can thrive; lives by example.
- Proactively seeks out and champions diverse talent for critical roles; is intentional in taking action to ensure all team members are treated in a fair and equitable manner.
- Actively monitors and listens respectfully to how teams are feeling, particularly when facing challenges; assumes best intent and responds with empathy
- 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, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards
Qualifications:
- 6-10 years of experience in Operational Risk Management, Audit, Compliance or other control function
- Understanding of how to lead strong governance and controls, and build a culture of responsible finance, good governance, and ethics.
- Familiarity with the firm’s Code of Conduct, Plan of Supervision, and policies and procedures.
- Background in collaborating with business partners on Audit, Compliance, and Regulatory findings and remediation efforts.
- Familiarity with enhancing, automating, or simplifying control processes as well as monitoring control exceptions and breaches.
- Knowledge of risk assessment, compliance with laws, rules, and regulations, and managing and reporting control issues.
- Proven ability to design and lead projects that enhance processes, showcasing creativity in problem-solving complex situations.
- Maintains knowledge of evolving requirements and their impacts, responsible for significant business results and technical strategy.
- Demonstrates expertise in maintaining a robust Manager’s Control Assessment in compliance with risk policies, affecting primarily a sub-function.
- Proficient in applying requirements and implementing compliance policies, communicating effectively across the organization.
- Liaises with Compliance Assurance and Internal Audit for issue resolution, demonstrating leadership and responsibility.
- Maintains oversight through metrics review and corrective action plans tracking, using advanced analytical skills.
- Prepares presentations on developments and emerging risks for senior management, showcasing strong communication skills.
- Serves as a primary contact for audit groups, demonstrating strong networking and liaison skills.
- Assesses risks in business decisions, complies with laws, regulations, policies, and ensures adherence, playing a significant role in the organization's performance.
- Comprehensive understanding of risk identification, assessment, and mitigation strategies.
- Proficiency in audit processes, compliance requirements, and relevant regulatory standards.
- Capability in enhancing, automating, and simplifying control processes.
- Strong leadership skills to manage governance and foster a culture of responsible finance and ethics.
- Thorough understanding of the firm's policies and procedures relevant to the role.
- Skills in organizing and managing audit processes and procedural changes.
- Ability to evaluate risks in business decision-making and manage timely reporting of control issues.
- Effective communication skills to liaise with various stakeholders across the business.
Education:
Bachelor's/University degree, Master's degree preferred
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
In-Business Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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