Business Risk Manager VP - Markets Assessment Program

Job Purpose

Markets Assessment Program 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 Significant Risk Assessment team is set up to assess high risk and/or most significant processing risk events 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), Operational Risk Management (ORM) and Firm-wide Business / Functional Owners to deliver Significant Processing Risk 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 execute specific reviews as part of Markets Significant Processing Risk Assessment programme.

Key responsibilities of the role are:

• Carry-out Risk/ Materiality assessments in line with Framework by prioritizing Significant Processing Risk Areas
• Work with Regulatory SMEs and Firm-wide Business/ Functional Owners and Participants, to complete Maturity Risk Assessment
• Partner with Operations, Finance, Technology, Legal, Operational Risk Management (ORM) and Independent Compliance Risk Management (ICRM) to review and deliver Significant Risk reviews and assessments.
• Identify uplift opportunities, control weaknesses & gaps, report results, raise Issues (as needed and track to resolution by collaborating with Markets Transformation and broader colleagues for Significant Risk area scenarios
• 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 to embed Significant Risk Assessment program
• Provide Significant Risk Assessment review report for an area, at a global, regional level or sub-level
• Collaborate with ICRM and ORM to embed Significant Processing Risk assessments
• Creating and submitting 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.  

Knowledge, Experience & Skills:

• Strong understanding of operational processes, risks and related controls, associated with Markets businesses
• Strong 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/SecondLine controls/assurance projects
• Strong communication skills required in order to negotiate internally, often at a senior level.
• Strong track record in project management implementation
• Strong organizational, time management and influencing skills
• Demonstrates clear and concise written and verbal communication
• Ability to articulate and collaborate for success with stakeholders
• Proven demonstrated experience required

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

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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