Vice President, Business Risk and Control Officer (Hybrid)
Company: Hispanic Technology Executive Council
Location: Wilmington
Posted on: October 16, 2024
Job Description:
The Business Risk and Control Officer is a strategic
professional who stays abreast of developments within own field and
contributes to directional strategy by considering their
application in own job and the business. Recognized technical
authority for an area within the business. Requires basic
commercial awareness. There are typically multiple people within
the business that provide the same level of subject matter
expertise. Developed communication and diplomacy skills are
required in order to guide, influence and convince others, in
particular colleagues in other areas and occasional external
customers. Significant impact on the area through complex
deliverables. Provides advice and counsel related to the technology
or operations of the business. Work impacts an entire area, which
eventually affects the overall performance and effectiveness of the
sub-function/job familyResponsibilities:
- Help contribute to governance andthe facilitation of the
execution of the Manager Control Assessment (MCA,i.e. Risk &
Control Self-Assessment) as required by the MCA Standard including
the assessment andappropriate approval of risk associated with
business changes.
- Support teams in the quality, completeness, and accuracy of the
implementation of the Control Framework, including Risk Control
Policy, Control Standard, Issue Management Policy, Lesson Learned
Policy and Control Inventory.
- Assist in performing a detailed analysis on the identification
of issue root cause, partnering with control and processowners to
recommendations holistic corrective actions and improvements,
provide check andchallenge to ensure appropriate escalation in
according with Issue Management and Escalation Policies.
- Help contribute to the Lessons Learned Policy, including
monitoring of control breaches anddissemination and learnings
across other business units for process improvement to limit
theoccurrence of similar future events and where similar risk
exposure might exist.
- Support the review and challenge process, within the FLUs, on
the effective design and management ofcontrols to mitigate risks as
required by the Control Standards, including implementation
andoperation, conducting the control monitoring, handling
deficiencies, and escalating issues forresolution.
- Help contribute to the timeliness, accuracy and completeness of
the MCA through controls prior to theexecution of a process
(QC).
- Assist in the monitoring of the adherence to the MCA Standard
through controls after the execution of a process (QA).
- Support in dealing with Operational and Compliance Risk in
accordance with established Policy requirements.
- Assist in performing a detailed analysis to identify, assess,
escalate, and manage risk exposures across Risk Categories
(Operational Compliance, Strategic, Reputational, etc), including
material, emerging and concentration risks in accordance with
enterprise Policies and the establishment of Key Indicators to
monitor risk exposures.
- Assist in supporting Risk Appetite and monitor / assess
exposures against this in accordance with enterprise requirements
(if applicable).
- Be part of the process to identify, assess, record and response
to Operational and Compliance Risk events, ensuring these are
captured accurately, timely and in accordance with
requirements.
- Help ensure that adequate governance and training are in place
to support management of Risk profiles.
- Contribute to the risks associated with New Activities and
changes to the Business, ensuring these are well understood and
adequately controlled (if applicable).
- Support operational risk scenario analysis and stress testing
for Operational Risk Capital requirements.
- Support with risk and control assessments or coordination for
programs within various risk stripes and ensure sufficient subject
matter expertise exists to enable management of these risks within
the Business (e.g. third party, fraud, sanctions etc) (if
applicable).
- Coordinate risk and control responsibilities and ensure
accountabilities are embedded within FLUs, including providing
training and leading by example.
- Support with 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.
- Appropriately assess risk when business decisions are made,
demonstrating particular consideration for the firm's reputation
and safeguarding Citigroup, its clients and assets, by driving
compliance with applicable laws, rules and regulations, adhering to
Policy, applying sound ethical judgment regarding personal
behaviour, conduct and business practices, and escalating, managing
and reporting control issues with transparency.Qualifications:
- 6-10 years of experience.
- MS Excel, MS Access, SAS, SQL, Visual Basic a plus. 5+ years
experience in financial services.
- Consistently demonstrates clear and concise written and verbal
communication skills
- Effective organizational influencing skills required.
- Third party vendor management preferred. Demonstrated ability
to lead global team efforts
- Excellent problem-solving skills Ability to comprehend the big
pictures with high attention to critical details
- Demonstrated ability to develop and implement strategy and
process improvement initiatives.Education:
- Bachelor's/University degree, Master's degree
preferred.------------------------------------------------------Job
Family Group: Risk
Management------------------------------------------------------Job
Family:Business Risk &
Control------------------------------------------------------Time
Type:Full
time------------------------------------------------------Primary
Location:Wilmington Delaware United
States------------------------------------------------------Primary
Location Full Time Salary Range:$114,720.00 - $172,080.00
In addition to salary, Citis 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:Oct 09,
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.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 .View the
"" poster. View the .View the .View the
Keywords: Hispanic Technology Executive Council, Potomac , Vice President, Business Risk and Control Officer (Hybrid), Executive , Wilmington, Maryland
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