8 days old

Business Risk Officer

Citigroup
Tampa, FL 33603
The Business Risk 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 family.


The Business Risk Officer has overall responsibility for implementation of non-investment related processes, day-to-day operational processes and first line of defense risk aspects for the Citi Investment Management (CIM) and CIM Alternatives businesses within Citi Private Bank (CPB). The Business Risk Officer will work closely with CIMs Senior Business Risk Manager to review, evaluate, and monitor the business with a key focus on the following:


**Responsibilities:**


+ Management Control Assessment (MCA) Coordinator and Architect responsible for maintaining MCA Inventory in Citi Risk & Controls; Governance Risk Control (GRC). Conducts internal testing of dispute processes to ensure control.

+ Responsible for managing and supporting multiple risk and control programs for the organization including defining the strategy, approach, processes, quality, tools and reporting that provide global risk management consistency and excellence.

+ Review applicability of Citi Policies to CIM products; perform policy gap analysis.

+ Management of Corrective Action Plans (CAPs); Perform root cause analysis to ensure corrective action plans appropriately address control gap; monitor progress against milestones target dates; validate CAP closure.

+ Works closely with business partners on findings and makes recommendations on improving practices.

+ Develops procedural implementation and change management process with Operations and Reporting team to ensure proper governance and controls exist.

+ Track and report the 3rd Party Custodian Account population and manage approval process for Broker and Custodians.

+ Examines procedures for consistency and gaps relative to regulations in addition to impacts on customer experience.

+ Conducts internal testing of dispute processes to ensure control.

+ Examines CIM and CIM Alternatives procedures for consistency and gaps relative to regulations in addition to impacts on customer experience.

+ Perform bi-weekly allocation reviews for Fixed Income to ensure compliance with Regulation 9.

+ Monitors exceptions to dispute policy and identifies drivers of exceptions.

+ Leverages data to examine impacts to Customer Experience and Regulatory breaks.

+ 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.


**Qualifications:**


+ 6-10 years relevant work experience in Business Risk & Controls

+ 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 see the big pictures with high attention to critical details

+ Demonstrated ability to develop and implement strategy and process improvement initiatives.


**Education:**


+ Bachelors/University degree or equivalent experience, potentially Masters degree


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**Job Family Group:**


Risk Management

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**Job Family:**


Business Risk & Controls

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**Time Type:**


Full time

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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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .


View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .


View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .


View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)


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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Categories

Posted: 2022-05-13 Expires: 2022-06-12

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Business Risk Officer

Citigroup
Tampa, FL 33603

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