Business Risk & Controls Risk Identification and MCA/RCSA Operational Risk Lead (VP)
Company: Citi
Location: Odessa
Posted on: May 15, 2022
Job Description:
Citi continues to enhance its business control and governance
framework by building out Institutional Credit Management (ICM), a
new function in the 1st Line of Defense, to house and consistently
manage Credit Risk activities performed across its Institutional
Client Group organization.About Institutional Credit Management
(ICM)Institutional Credit Management (ICM) was established with the
objective to provide an integrated "end-to-end" credit
underwriting, identification, measurement, management, and
monitoring for wholesale credit businesses across the enterprise.
Its formation was an outcome of the Wholesale Credit Risk Program,
an ongoing strategic initiative across the 1st and 2nd lines of
defense, shaping ICM's Target Operating Model. Currently ICM has a
footprint in over 40 countries.About the Role:In-Business Risk &
Controls Risk Identification and Monitoring LeadThis report into
ICM's Managers Control Assessment (MCA) / RCSA Team and will manage
a number of critical control-related processes as well as support
projects to build or enhance the businesses control framework.This
will primarily include the development and ongoing maintenance of
the department's Key Operational Risk Identification & Monitoring
and Operational Risk Scenario analysis programs as well as the
transformation and the ongoing maintenance of the department's MCA
/ RCSA, the production of global quality metrics, interaction with
the Consent Order work streams and engagement with the regulatory
mapping initiative.This is an exciting opportunity for a
practically minded professional with a very good understanding of
financial controls framework, with a keen interest to learn more
and make a difference, and ultimately shape the ICM business of the
future.The incumbent will be working closely with ICM's business
units, Business Managers, ICG Control teams, as well as partner
areas such as Compliance, Audit, Operations and TechnologyKey
Responsibilities:
- Identify and refresh ICM Key Operational Risks (KORs)
- Ensure that ICM Operational Risk Levels are within the defined
parameters
- Ensure the Scenario Analysis program is executed according to
Policy.
- Ensure the Operational Risk Appetite program is executed
according to Policy, among associated processes.
- Deep dive of foundational risk identification analysis used to
determine ICM KORs
- Produce and assess Key Risk Indicators (KRIs)
- Maintain and enhance the department's Manager Control
Assessment (MCA/RCSA) with regards to completeness and quality
- Lead MCA annual and quarterly review and challenge
sessions
- Lead components of the MCA transformation work as required by
the Global Consent Order remediation program
- Collaborate with first and second line teams, as well as
related partner areas to investigate and resolve control
issues
- Represent ICM at ICG governance forums and take ownership of
submissions / follow-ups
- Provide support to partner areas and control functions on an
ad-hoc basis (e.g. Compliance enquiries, Audit engagements)
- Actively partner with the Issue Management teams to ensure that
deficient processes and areas are covered, and to ensure that any
findings are reflected appropriatelyQualifications and skills
required:
- At least 10 years of relevant work experience in Financial
Services in Business Risk, Operational Risk, Compliance, and/or
governance and control
- Proven experience in MCA / RCSA maintenance and
transformation
- Proven experience in development of Key Risk Indicators
(KRIs)
- Proven experience in independently handling enhancement
projects and interacting with teams across all lines of
defense
- Excellent problem-solving skills; ability to see the big
pictures with high attention to critical details
- 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
- Has the ability to operate with a limited level of direct
supervision
- Undergraduate degree requiredDevelopment Opportunities &
Benefits:
- Chance to build an exceptional global network of
professionals
- Long-term career path across geographies and business
lines
- Competitive compensation package and benefitsFlexible work
arrangements-------------------------------------------------Job
Family Group: Risk
Management-------------------------------------------------Job
Family:Business Risk &
Controls------------------------------------------------------Time
Type:Full
time------------------------------------------------------Citi is
an equal opportunity and affirmative action employer.Qualified
applicants will receive consideration without regard to their race,
color, religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran.Citigroup Inc.
and its subsidiaries ("Citi") invite all qualified interested
applicants to apply for career opportunities. If you are a person
with a disability and need a reasonable accommodation to use our
search tools and/or apply for a career opportunity review .View the
"" poster. View the .View the .View the
-----------------------------Effective November 1, 2021, Citi
requires that all successful applicants for positions located in
the United States or Puerto Rico be fully vaccinated against
COVID-19 as a condition of employment and provide proof of such
vaccination prior to commencement of employment.
Keywords: Citi, Brandon , Business Risk & Controls Risk Identification and MCA/RCSA Operational Risk Lead (VP), Executive , Odessa, Florida
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