We are seeking a high-performing, highly motivated professional with a background in risk and controls to help us effectively manage risks for Institutional Client Management (ICM) function within Citi’s Client organization. This is an exciting opportunity for a practically minded professional with a strong control mindset who has keen interest in growing professionally.

The Client organization was established to drive enterprise-wide approach 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 wholesale credit and counterparty risk processes for the firm, managed by the ICM organization.

The Business Controls Manager will be part of a growing Client CAO Controls function reporting into the Global ICM Controls Head. A successful candidate will have a focus on identification of risks and issues, followed by development of strategic solutions to address them and will have an opportunity to re-shape and streamline controls processes to align with a future state of firm’s controls environment. A successful candidate will be responsible for monitoring ICM compliance with internal and external regulations and providing support in its interpretation and implementation. Person in the role will be representing ICM risk and controls function in interactions with business aligned teams, will interface with 2nd and 3rd line of defense stakeholders and will interact with peer groups within the Client CAO function.

Responsibilities:

• Influence governance and facilitate execution of Manager Control Assessment (MCA) Standard changes

• Support ICM Organization by consistent and appropriate approach to risk identification and develop an effective and efficient controls environment with the aim to mitigate risks, safeguard the firm’s assets and ensure regulatory compliance

• Ensure quality, completeness and accuracy of implementation of the control framework and control Inventory.

• Lead identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.

• Take ownership to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements.

• Guide and influence standards and procedures that conform to enterprise requirements and support sound operational and compliance risk management.

• Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business.

• Establish sustainable controls and monitoring methodologies to ensure process quality and effectiveness of controls

• Collaborate with business partners and stakeholders to understand issues’ root causes and develop long term remediation solutions

• Lead or participate in enhancement and transformation initiatives

• Attend governance forums and take ownership of related submissions, minutes and follow-ups

• Produce / enhance materials used for internal updates or senior management communication

• Engage in additional work streams as required

Development Value:

In this role you can expect to:

• Acquire in-depth and end-to-end knowledge of processes related to supported functions and partners’ organization and

• Acquire in-depth understanding of the firms’ risk and controls governance and framework standards and take part in strategic changes of the controls environment

• Develop technical skills through process improvement and automation

• Collaborate with colleagues from different functions, countries, and diverse backgrounds

• Gain exposure to the Firm’s senior stakeholders within various functions

• Contribute meaningfully to a growing business function, with opportunities to coach and develop others

• A great environment for learning new technology and tools, online and instructor led training opportunities

• Working in a friendly, dynamic and multinational environment

• Work in a friendly and diversified environment, appreciating differences in style and perspective and using them to add value to decisions leading to organizational success

Qualifications:

• 7+ years of experience in risk and controls, audit or issues remediation function in a corporate environment

• Strong execution skills required to timely address requests and deliverables

• Ability to independently handle problems and challenges as they arise

• Ability to provide independent point of view and share knowledge and implications of decisions made

• Excellent problem solving skills and ability to see the big picture

• Ability to interpret regulations and policies and draw correct conclusions

• Ability to work collaboratively and with people at all levels of the organization and across different geographic locations

• Adaptability and ability to drive change and guide others through changing environment

• Excellent written and verbal communication

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree

Job Family Group:

Risk Management

Job Family:

Business Risk & Control

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$163,600.00 - $245,400.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date:

May 27, 2024

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.

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Citi is an equal opportunity and affirmative action employer.

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