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Operational Risk and Control Transformation -Risk and Control Assessment - SVP

Company: Citi
Location: West Orange
Posted on: November 21, 2022

Job Description:

OverviewInstitutional Client Group (ICF) provides a wide range of financial services to clients across the globe, partnering with corporations, financial institutions, institutional investors, governments and individuals. Having the right operational risk and control practices is critical to enabling ICG to deliver on its strategic objectives.The Global Head of Operational Risk and Control Framework Transformation, within ICG Risk & Control, is establishing a 'best in class' leadership team to facilitate this change; of which this global Senior Vice President role is a core member.Core ResponsibilitiesThis global first line of defence role will focus on successfully delivering planning, design, build, test and implementation activity focused on transforming ICG's Risk & Control Self-Assessment (called MCA). More specifically:

  • Risk scoping and assessment unit application
  • Risk assessment approaches for both inherent and residual risk
  • Standardised content to drive commonality in assessment where appropriate
  • Technology enablement to support these changes
  • Quick wins, identifying areas where ICG can enhance practices quicklyThese key responsibilities will be achieved by fulfilling the below activities:
    • Supporting and coordinating delivery of a realistic delivery plan based on senior stakeholder buy-in and dependency management with other key regulatory and non-regulatory workstreams
    • Representing ICG at relevant working groups and accurate/ timely reporting of delivery plan status, including escalations where required
    • Assisting ICG design decisions, with input from ICG Stakeholder groups, e.g., Business/ Function/ Region/ Risk SME
    • Advising businesses/ functions/ regions on the development of risk tools and practices, with input from ICG Stakeholder groups, and where required, being hands on and owning their process
    • Identifying and coordinating testing, including pilots, across ICG business/ region stakeholder groups
    • Communicating, coordinating and monitoring implementation of risk tools and practices across ICG business/ region stakeholder groups - including ongoing governanceRequired Skill Sets (top 5)To be successful in this role, the following skill sets are required and, where invited to interview(s), must be demonstrated satisfactorily through the candidate's prior experience:
      • Risk knowledge and application: understanding, and ability to apply, industry leading best practice in a large, complex organization
      • Curious: open-minded, with the enthusiasm and confidence to challenge
      • Stakeholder centric: excellent communication skills, with a pragmatic and practical approach based on a clear understanding of stakeholder needs
      • Transformation: thrive on the challenge of change, with the long-term goal of delivering sustainable solutions
      • Adaptable, flexible and creative - particularly when working under pressureQualifications:
        • 10+ years experience in Operational Risk Management, Audit, Compliance or other control functionEducation:
          • Bachelor's/University degree or equivalent experience, potentially Masters degree-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Business Risk & Controls------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Salary Range:$152,050.00 - $228,080.00------------------------------------------------------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, West Orange , Operational Risk and Control Transformation -Risk and Control Assessment - SVP, Other , West Orange, New Jersey

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