EMEA Finance Control Lead - MCA Governance (SVP)

The EMEA Control Management & Governance (CMG) is a driving factor in delivering robust and consistent design, monitoring and governance of the control framework across EMEA Finance. With responsibility for Risk and Control, Manager’s Control Assessment (MCA), Issue Management, SOX, COSO, Transformation, Trainings and Communication, CMG team enables the EMEA Finance organization to execute on Citi Finance Vision and Strategy. Our people make all the difference in our success.

The EMEA CMG team is led by EMEA Control Management Head reporting into EMEA Franchise Controller and Global Control Management Head. The EMEA CMG team resources are subject matter specialist who support all streams of Finance: Legal Entity Management; Regulatory Reporting (across 54 countries in EMEA), Citi Solution Centre (CSC), Accounting Policy, Planning & Analysis, Treasury and Tax, and operates through three key strategic locations London, Budapest and Dubai.

EMEA Finance Control Lead - MCA Governance (SVP)

The mission of the team is to:

• Serve as trusted control advisors who promote and assist in embedding strong internal controls over financial reporting, regulatory reporting across EMEA, and is involved in corporate level control programs such as SOX, COSO & MCA. 
• Drive regional governance and ensure adherence to corporate wide Citi policies and standards for Finance.
• Deliver timely, accurate and insightful control analytics to ensure proper attention to remediation efforts and to strengthen the control environment.

Responsibilities:

This role will focus on strengthening control-monitoring activities across all the countries within the EMEA region in line with Citi Global and regional standards, policies and procedures. The person will be responsible for driving robust Governance structure across EMEA Finance MCA, particularly ensuring accurate and complete reporting of Operational Risk profile to EMEA Controllers MGE.

Governance and Monitoring

• Monitor and maintain oversight over quarterly and annual assessment of the Activity, Risk, Control, Monitoring (ARCM) across EMEA Finance Controllers Assessment Units to a timely, standard and ensuring accuracy of data in Citi Risk and Control (CRC); 
• Support implementation and challenge the consistent application of Citi’s Risk control standards and assignment of GRC operational and compliance risk taxonomies
• Help drive and embed a strong culture of controls across EMEA Finance and identity opportunities for continuous improvement.
• Assist EMEA Control Lead in running Quarterly Risk Assessment (QRA) program for EMEA Controllers to summarize the overall MCA results for Controllers MGE, and to link additional relevant information from other various sources (Operational Loss Events, Issues and Caps, Operational Risk Management reviews, Regulatory Management reviews etc);
• Support EMEA Control Management Head and EMEA Control Lead in measuring, monitoring and reporting accurate risk stripes for EMEA Finance Controllers, through use of tools and procedures.
• Provide input as a specialist function for maintaining integrity of EMEA Controllers ARCM’s, mapping of issues and losses to MCA from a risk perspective, enforcing discipline around mapping protocols, e.g., root cause versus impact / event etc.
• Partner with the Cluster and Country functional MCA teams to enhance consistency and accuracy in Inherent Risk and Residual assessment
• Contributes to risk assessments and drives actions that address the root cause(s) that persistently lead to operational risk losses by challenging both historical and proposed practices
• Schedules, hosts and drives meetings with multiple levels of management requiring strong communication, influence skills and diplomacy
• Ensure the data, application and assessment of risk taxonomy is accurate and consistent between multiple risk assessment routines: - MCA, Key Operational Risks, Material Operating Risks, Risk Appetite Assessment, the Material Risk Inventory, Top Risks; Issues Management and Loss/Event Reporting.
• Actively partner with the Issue Management teams to ensure that deficient processes and areas are covered, and to ensure that any findings are reflected appropriately
• Develop and maintain strong working relationships with Control and Reporting Leads as well as the second line of defense.
• Design and deliver trainings to EMEA countries with aim to increase awareness on controls and strengthen control environment.
• Proactive and 'no surprises' approach in communicating and escalating issues; and strength in sustaining independent views.
• Partner with ICRM, ORM and Internal Audit to support and respond to independent assessments

Development Opportunities:

• Opportunity to widen your knowledge of the banking industry and the products offered
• Chance to build an exceptional global network of professionals across several business areas, technology teams and 2nd line functions, including Finance and Risk
• Long-term career path across geographies and business lines

Benefits

• Competitive compensation package and benefits
• Flexible work arrangements

Qualifications / Experience:

• CPA or ACCA equivalent
• Internal Audit knowledge gained as a practitioner or in an associated consulting role
• Strong understanding of the regulatory environment in EMEA, particularly in relation to governance
• Exposure to regulatory reporting and compliance environment
• Financial products knowledge is an advantage
• Good understanding of culture, ethical conduct, governance, risk management and control frameworks in leading international organizations

Skill /Competencies:

• Strong interpersonal skills with ability to deal with a range of senior/ junior staff across a number of disciplines and across a wide range of countries.
• Influencing and effective negotiation skills
• Ability to analyze a process and recommend ways to improve quality, controls, and efficiency
• Demonstrates strong judgment, political astuteness, and sensitivity to cultural diversity
• Embraces diversity and inclusion
• Exhibits strong teamwork and Collaboration
• Displays clear accountability and ownership
• Highly motivated with advanced analytical & problem-solving abilities
• Ability to interpret & implement regulatory guidelines & professional standards
• Demonstrated ability to prioritize and complete tasks within tight deadlines

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.

For further information, and to apply, please visit our website via the “Apply” button below.