VP, Concentration Risk Management Monitoring and Reporting - Operational Risk - C13
Company: Citi
Location: Arlington
Posted on: June 23, 2022
Job Description:
Enterprise Concentration Risk Management (ECRM) is an enterprise
wide risk management function that encompasses credit risk, market
risk, liquidity risk and operational risk. ECRM is part of the
overall Enterprise Risk Management (ERM) Organization.The VP ECRM
Monitoring and Reporting - Non Financial Risk role is focused on
supporting and enhancing the concentration risk framework for Non
Financial Risk Pools - Operational, Reputational and Strategic
Risk. The individual will be responsible for providing
concentration related subject matter expertise in these areas to
relevant stakeholders. The role encompasses:
- reviewing and challenging concentration risk identification
framework (including any metrics) in coordination with risk and
business management
- monitoring existing and emerging concentration risks to develop
relevant concentration risk driven narrative for Senior Management
(monthly) and to the Citi/CBNA Board (quarterly) reportsThe VP
integrates subject matter and contributes to standards around which
others will operate. Requires in-depth understanding of how areas
collectively integrate within the sub-function as well as
coordinate and contribute to the objectives of the entire function.
Developed communication and diplomacy skills are required in order
to guide, influence and convince others, in particular colleagues
in other areas.
Responsibilities:
- Establishes and oversees the application of ECRM Framework to
identify areas of concentration in Operational, Reputational and
Strategic Risk by working closely with the Operational,
Reputational and Strategic Risk Pools.
- Be conversant with Operational, Reputational and Strategic Risk
policies and their interaction with the ECRM Policy.
- Assesses concentration risks and drives actions to manage them
by challenging both historical and proposed practices
- Performs independent analysis/assessment of the concentration
risk related issues to develop relevant concentration risk driven
narrative for Senior Management (monthly) and to the Citi/CBNA
Board (quarterly) reports
- Support the enhancement and ongoing oversight of the ECRM Team
monitoring and reporting capabilities and ensure all monitoring and
reporting procedures align with ECRM risk policies/procedures and
work effectively with individual business risk policies as they
pertain to ECRM
- Collaborate with cross-functional teams to enhance the
connectivity of ECRM processes with day-to-day business, risk
management and other risk governance practices. This will include
strengthening existing linkages or establishing new linkages to
other practices at the firm (e.g. Risk ID)
- 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 others and create
accountability with those who fail to maintain these
standards.Qualifications:
- 6-10 years experience in Operational Risk is a must. Other risk
and control disciplines would be a plus - credit, and market.
- Experience in Internal Audit or Financial Control would be
desirable.
- Expertise in the following is beneficial: Reputation Risk
Management and Strategic Risk Management
- Management of a global operations and a complex environment
that includes global teams.
- Strong written communication skills related to policy writing
and Board-level presentations / financial and risk reporting
- Excellent proficiency in Microsoft Office - particularly Excel
(metrics and data analysis), PowerPoint (presentation decks), and
Word (writing and editing procedural and technical
documentation)
- Experience in SAS/Tableau a plusEducation:
- Bachelor's degree/University degree or equivalent
experience
- Master's degree preferredEffective 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.-Job Family
Group:Risk Management-Job Family:Operational Risk-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 Accessibility at Citi.View the "EEO is
the Law" poster. View the EEO is the Law Supplement.View the EEO
Policy Statement.View the Pay Transparency Posting-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, Arlington , VP, Concentration Risk Management Monitoring and Reporting - Operational Risk - C13, Executive , Arlington, Texas
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