Whether you're at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks. We're fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You'll also have the chance to give back and make a positive impact where we live and work through volunteerism.
Shape your Career with Citi
Citi's Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.
Enterprise Risk Management (ERM) within Independent Risk Management is responsible for overseeing the implementation of Citi's Enterprise Risk Management Framework and for specific enterprise-level risk management programs and processes that span the organization, the lines of defense and various risk categories. These include risk identification, enterprise risk analytics, risk appetite & limits, new activity risk management, risk frameworks & policy, strategic risk, digital assets risk and climate risk. The group is headed by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO).
We're currently looking for a high caliber professional to join our team as SVP- Risk Frameworks and Execution Manager - Hybrid (Internal Job Title: Regulatory Risk Sr. Officer C14) based in Changi, Singapore
Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
- Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
- We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
- We empower our employees to manage their financial well-being and help them plan for the future.
- Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
- We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
- We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
About the Team:
As part of ERM, Enterprise Risk Analytics & Stress Testing is responsible for Enterprise Stress Testing with Legal Entity Oversight (LEO), Material Legal Entity (MLE) Stress Testing and ICAAP execution and oversight, Firmwide Scenario Design and Expansion which cover Enterprise programs and all Legal Entities.
About the Role:
The current opening is for the LEO - Frameworks design and execution manager, reporting within the Global Legal Entity Oversight and Execution team.
In this role, you are expected to
- Strategy and design of Legal Entity Risk Management Frameworks (LE RMF) supported by application of Risk Identification, Risk Appetite, Stress testing minimum baseline standards.
- Collaborate with Enterprise Risk Frameworks and Policy team for the Group to establish a centralized and streamlined approach for risk framework and minimum standards for legal entities.
- Collaborate with ERM leads and senior stakeholders to finalise strategy and design for their respective programs to clarify proportional application for legal entities.
- Collaborate with Risk Segment leads to ensure their respective policies define proportional requirements for enterprise programs as they apply to legal entities.
- Work closely with International CRO and legal entity CRO/RMCO teams to ensure feedback and buy-in of the proposals for Enterprise programs and Risk segment policies.
- Work closely with ERM technology to design business requirements and their implementation to utilize strategic platforms for legal entities.
- Engage with regional peers and global teams on an on-going basis to ensure consistency of approach adopted at enterprise and its application to Legal Entity capabilities.
- Experience in establishing robust risk and control processes within risk management
- Significant interaction with a wide range of senior bank and risk management colleagues, as well as external stakeholders such as regulators / auditors.
As a successful candidate, you'd ideally have the following skills and qualifications:
- Experience in Risk Management with proven record in establishing frameworks across financial and non-financial risks.
- Experience in setting up Risk processes with exposure to different verticals within a Risk Stripe will be beneficial
- Systems/ technology experience in data mining, sourcing, defining, and implementing risk exposure and metric requirements.
- Experience interacting and influencing senior management, regulators, and Internal Audit
- Understanding of European and / or Global regulatory landscape
- Understanding of Citi's business model and/or that of other financial institutions
- Understanding and experience of Corporate Governance, risk programs and reporting
Skills:
- Excellent organizational skills, ability to multi-task effectively in a high volume and complex environment
- Excellent communication skills required to negotiate internally, often at a senior level, and some external communication may be necessary
- Ability to build strong internal and external networks
- Excellent team player while working independently to bring tasks to completion
- Excellent at understanding, utilizing data for building a narrative and business requirements
- Excellent proficiency in Microsoft Office - particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
Qualifications:
- 14-15 years relevant experience
- Knowledge of risk categories spanning Financial (Market, Credit, Liquidity) and Non- Financial Risks (Operational, Compliance, Reputation and Strategic)
- Awareness of both bank (including Branch network) and broker dealer chain and their respective strategies, products, risk profiles and regulatory requirements in a global marketplace.
- Broad understanding of classifiable and delinquency managed credit and operational policies and procedures, including a command of the collateral management process.
- Thorough knowledge of financial and risk reporting as well as experience from the business and/or technical area desired.
- Familiarity with regulatory landscape facing global banks. Ideally, have worked in banking industry or regulators institutions.
- Previous experience in managing Regulatory Inspections and Audits within a financial services company.
- Proven relationship management skills with ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas like Compliance, Control, In-business Risk and Independent Risk.
- Project management experience with the proven ability to develop project plans and drive a diverse group of stakeholders to achieve milestones and deadlines
- Proven ability to manage multiple, concurrent large-scale projects from ideation through testing and implementation.
Education:
- Bachelor's/University degree, Master's degree preferred
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today
https://jobs.citi.com/dei
