VP, In-Business Risk 1LOD Lead Analyst

The analyst, within the Regulation Risk Team, is responsible for assessing and enhancing the effectiveness of internal controls across various regulations. This role focuses on identifying drivers of control weakness, coordinating control assessments on regulatory mapping, and leveraging automation for preventative prioritization based on risk. The analyst will provide control expertise to support audits and exams and horizontal control health inclusive of reporting.

Key Responsibilities:

• Actively oversee the implementation and continuous performance of all controls, with particular attention to those related to Tier I and Tier II regulations. Proactively identify control gaps and ensure adherence to established regulations and internal policies/standards, providing a consolidated view of control execution.
• Conduct or coordinate detailed assessments of regulatory controls, analyzing their mapping to specific regulatory requirements and obligations.
• Identify and document control gaps, overlaps, and inefficiencies, focusing on consistency and effectiveness across various regulatory domains.
• Collaborate with control owners to ensure accurate and comprehensive control inventories.
• Perform root cause analysis to identify underlying drivers of control weaknesses, including process failures, technology limitations, human error, and design deficiencies.

• Provide centralized oversight of overall control administration activities and performance. Diligently track the performance of various control types (Common, TRC, RCO) and control attributes, including mapping across business units. This is crucial for assessing risk exposure and ensuring ongoing compliance with all pertinent regulatory requirements from an integrated perspective.
• Develop recommendations for control enhancements and remediation actions, ensuring sustainable improvements.
• Support the development and implementation of automated tools and methodologies for prioritizing controls based on risk levels and design effectiveness.
• Contribute to the design of preventative controls that proactively mitigate regulatory risks, leveraging advanced technology and process improvements.​

• Develop, manage the extraction, reporting, and in-depth analysis of data pertaining to control mapping and performance across the organization. This involves closely monitoring the mapping of diverse controls to regulatory requirements and maintaining a central, accessible repository of historical data, essential for identifying horizontal trends, performing root cause analysis, and provisioning controls for audit and examination.
• Prepare and present aggregated reports and analyses on the horizontal health of regulatory controls across the enterprise for the Executive Steering Forum.
• Highlight key control performance metrics, emerging control risks, and significant remediation efforts.
• Support continuous monitoring activities to assess the ongoing performance and effectiveness of regulatory controls.
• Develop and deliver regular and ad-hoc reports on control health, performance, and compliance status to various stakeholders.
• Coordination & Stakeholder Engagement Support:
• Offer centralized support for the efficient handoff of identified control deficiencies and monitoring failures. Coordinate with Regulation Leads and accountable owners to ensure these deficiencies are addressed and remediated in a timely and effective manner, thereby closing control gaps and strengthening the overall control environment across the enterprise.
• Act as a key liaison between the Regulation Risk Team and various Centers of Excellence (COEs), business units, and other stakeholders to gather necessary data and insights for reporting.
• Facilitate effective communication and information flow related to regulatory governance matters.
• Support the coordination of regulatory inquiries and ensure timely and accurate responses.

Qualifications:

• 2-4 years of experience in internal audit, control testing, operational risk, compliance, or a similar control-focused role within the financial services industry.
• Demonstrated experience in performing control assessments, identifying control weaknesses, and recommending remediation strategies.
• Familiarity with regulatory frameworks and their associated control requirements.
• Strong analytical skills with the ability to interpret control data, identify trends, and analyze root causes.
• Proficiency in Microsoft Office Suite, especially Excel (for data analysis) and PowerPoint (for reporting).
• Excellent written and verbal communication skills, with the ability to articulate complex control concepts and findings clearly and concisely to both technical and non-technical audiences.
• Project management knowledge and experience working with diverse group of stakeholders to achieve milestones and deadlines and capability to handle multiple projects at one time.
• Proven relationship management skills with ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas like Legal, Compliance, Control, in-business Risk and Independent Risk.
• Good knowledge of Citi products, risk processes and controls with good understanding of regulatory requirements and risk management framework.
• Experience in compiling process and data quality metrics, analyzing results to clearly communicate data-driven analysis to senior management.

Education:

• Bachelor's Risk Management, Business Administration, or a related field.