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Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM) to house and consistently manage Credit Risk activities performed across its Client group organization.

The Client organisation was established to drive enterprise-wide approaches to client coverage, identifying and filling in gaps or reducing duplication to ensure consistency throughout the firm. Additionally, it plays a leading role coordinating the allocation of capital and other financial, technology and human resources towards the client segments with the best returns potential. Finally, it is responsible for managing wholesale credit and counterparty risk for the organisation.

This business aligned role falls under Client’s In-Business Risk & Controls Officer and will focus on leading the end-to-end controls framework supervision of the Counterparty Credit Risk (CCR), Portfolio Management (PM), and Collateral Management (CM) as well as the Quality Assurance (QA) business units within ICM.

The incumbent will play a critical role in the assessment, development, maintenance of the required controls initiatives and solutions, as well as in the implementation of wider monitoring controls’ enhancements for their BAU state. As such the incumbent will be the face of these business units to the other centralized as well as business aligned control teams, representing the business unit seniors from a control’s perspective. In addition, the incumbent will be partnering with a host of first, second- and third-line teams across Client, inclusive of Business Managers, Controls, Risk, Compliance, and Operations & Technology.

This is an exciting opportunity for a practically minded professional accustomed to working in high profile environments, with a solid understanding of first line controls, and a keen interest to learn more and make a difference.

Key Responsibilities:

• Produce, enhance, and automate as required reporting tools and Management Information materials for senior management.

• Support multiple ICM seniors in their control responsibilities across all end-to-end ICM and Client related activities.

• Review and assess the end-to-end state of the current controls framework as it pertains to the respective business units’ activities across Client.

• Lead or participate in multiple and concurrent enhancement / transformation initiatives to remediate any identified gaps.

• Establish sustainable controls and monitoring methodologies to ensure process quality and effectiveness of controls in line with Citi Policies, Standards, and Procedure as well as Regulatory Requirements.

• Ensure that any new controls are included in the respective teams’ frameworks, and that relevant dependencies are setup according to ORM standards.

• Collaborate with first- and second-line teams, as well as O&T and Internal Audit, to investigate and resolve control issues.

• Attend governance forums and take ownership of the business unit related submissions, minutes, and follow-ups.

• Provide support to stakeholders and control functions on an ad-hoc basis.

• Ensure procedures, process notes, and other documentation are up-to-date and applied to adequately.

• Engage in additional work streams as required.

Development Value:

• End-to-End understanding of Business units’ processes.

• Understanding of the Regulatory and Business environments for each business Units, i.e., CCR, PM, CM and QA

• Exposure to seniors on a BAU basis

• Developing technical and soft skills through process improvement and automation

• Working with people from different functions, countries, and diverse backgrounds

• Required qualifications and skills:

• At least 5 years’ experience in the business/credit risk function or relevant risk & control functions domain inclusive of RCSA/MCA, Issues Management, mitigation / projects, policies, audit etc.

• Proven experience in managing Data/Reporting with proficiency in VBA, SQL, and Python.

• Exposure on Wholesale Credit Risk Management processes and responsibilities

• Proven experience in independently handling enhancement projects (with deliverable and deadlines) and interacting with teams across all lines of defence.

• Excellent problem-solving skills; ability to see the big pictures with high attention to critical details.

• Excellent stakeholder and partnering skills both horizontally and vertically.

• Comfortable with the challenges of operating under a fast paced and many times uncertain environment.

• Ability to critically interpret regulations / policies / standards and convert them into logical procedures and control documents.

• Excellent written and verbal communication.

• Interpersonal skills with the ability to work collaboratively and with people at all levels of the organization and across different geographic locations.

• A proactive and “no surprises” approach in communicating issues.

• Range of experience demonstrating flexibility in skillset and approach

• Undergraduate degree required.

Job Family Group:

Risk Management

Job Family:

Business Risk & Control

Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.