Business Risk Group Manager (SVP) Markets Operational End to End Assessments

Job Purpose

Markets Operational End to End Assessments team is part of Markets Transaction and Processing Risk unit, which is in turn part of Markets Risk & Control team and is mandated to establish and maintain a robust 1st Line of defence and designed to minimize Transaction and Processing Risk within the business. Markets Operational Assessment team is set up to assess high risk processes and proactively identify gaps in end-to-end design and operation of controls, covering all Markets businesses globally. Primary responsibilities include collaborating with Markets Senior Management and key stakeholders across the firm including Regulatory Subject Matter Experts (SMEs) and Firm-wide Business / Functional Owners to deliver integrated high risk Process led Assessments.

The successful candidate will likely have working experience in scoping, planning and execution of assurance / testing / assessments of Markets control processes. The candidate would be familiar with established Risk & Control and Regulatory compliance requirements for a global Markets business.

Key responsibilities:

This role is within Markets Operational End to End Assessments team to lead the execution of part of the overall annual Process led Assessments programme.

Key responsibilities of the role are:

• Carry-out Risk/ Materiality assessments in line with Framework by prioritizing High Risks / Regulations to determine Target Process inventory.
• Identify Regulatory SMEs and Firm-wide Business/ Functional Owners and Participants, document firm-wide E2E process, governance structure and controls.
• Partner with Operations, Finance, Technology, Legal, Operational Risk Management (ORM) and Independent Compliance Risk Management (ICRM) to design, implement and deliver integrated global operational control assessments
• Assess/Test End to End Risks and Controls design to determine gaps in existing MCA framework for selected process
• Identify control weaknesses & gaps, report results, raise Issues (as needed) and track to resolution by collaborating with Markets Transformation and broader Transaction & Processing Risk (TPR) colleagues so that issues have corresponding implementable actions and ownership through to closure, whilst aiming for automation of enhanced controls, where appropriate.
• Writing reports including issues, overall control enhancements and action plans in collaboration with key business stakeholders including Markets Management, Operations, ORM and ICRM as appropriate.
• Completing projects within agreed timescales, whilst keeping stakeholders up to date on progress and escalating any blockers.
• Contribute in creating a global, cross-regional and cross-business team of highly skilled individuals with diverse experience in related disciplines. Cross training of junior / new members of the team.
• Leading and reviews with assistance from global team colleagues and/or take people management responsibility as appropriate.
• Provide assurance on the control design and performance for an area, at a global, regional level or sub-level
• Identify control design and performance issues to support development of remediation plans, contributing to broader Markets Risk and Controls program
• Support consistent ongoing application of controls and monitoring across Markets with integration into MCA framework (Manager Control Assessments) and Citi Risk & Control (CRC) platform
• Collaborate with ICRM, ORM and Internal Audit to support and respond to internal and external assessments
• Creating, submitting and presenting timely Governance updates on progress against plan, key issues identified and seeking approval of forward looking BAU assessments book of work at Risk and Control Committees.
• Contribute to review and making improvements to Markets Operational End to End Assessments Framework and methodology.

Knowledge, Experience & Skills:

• Strong understanding of operational processes, risks and related controls, associated with Markets businesses
• Excellent understanding of control design and effectiveness assessment techniques and practices
• Experience in financial services; experience in planning, scoping and/or leading execution of Internal Audit, Compliance or First Line assurance projects
• Strong communication skills required in order to negotiate internally, often at a senior level.
• Strong track record in project management implementation
• Some experience of people management
• Strong organizational and influencing skills
• Consistently demonstrates clear and concise written and verbal communication
• Ability to articulate and collaborate for success with stakeholders
• Works well under pressure and in meeting deadlines

Qualifications:

• Bachelor’s/University degree or equivalent experience, but appropriate industry experience & exceptional delivery track record is as important.
• Related certifications (CPA, ACA, CFA, CIA, ACCA, CISA or similar) preferred

Development Opportunities & Benefits:

• Chance to build an exceptional global network of professionals
• Long-term career path across geographies and business lines
• Competitive compensation package and benefits

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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