8 days old

Business Risk Senior Officer, Operational Risk Manager BCMA - SVP

New York, NY 10007

The Senior Operational Risk Manager role will be responsible for oversight of Banking, Capital Markets, and Advisory (BCMA) Operational Risk & Control requirements. The individual will provide governance & oversight of operational risk identification, assessment, monitoring and mitigation process. The individual will perform the role through proactive engagement and coordination with global Business Management, regional Business risk and control teams, and through effective challenge in formal governance forums and in day-to-day management processes. Additionally, leverage all the core tools that are part of the ORM framework viz., the Key Operational Risk Identification and Key Indicator monitoring process, Scenario Analysis, Managers Control Assessment Challenge, Internal and External Loss Analysis as well as Risk Reviews to provide effective oversight. The objective is to ensure compliance with Citis Operational Risk Framework and Firm policies.

Key Responsibilities include:

  • Oversight of internal controls, identification of key operational and emerging risks by ensuring appropriate review and continuous assessment, design and execution of those controls and compliance with regulations.
  • 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.
  • Keep Management aware of the risk and control environment of the Business through continuous and open communication, by preparing and hosting Business Risk Committee meetings with Senior Management to present and follow-up on issues, concerns and corrective action plans.
  • Update and maintain a robust global Managers Control Assessment (MCA) in compliance with the Citis Operational Risk Management Policy.
  • Responsible for global management reporting in coordination with regional risk and control teams, including quarterly reporting on changes to the control environment, significant events, lessons learned and root cause analysis as applicable
  • Oversight of Plan of Supervision requirements, including, reporting and documenting accountability of quarterly sign-off by supervisors.
  • Oversight of Fraud Management program responsibilities, providing full coverage and accountability for the management of fraud risk across BCMA.
  • Ensure adherence to the Citi Operational Risk Policy in regard to operational loss approvals and reporting.
  • Oversee process weaknesses and severity of control deficiencies including opportunities for improvement impeding audit readiness.
  • Serve as main point of contact for audit groups and ensure that all audit requests are timely and appropriately provided.


  • 10+ years experience in Operational Risk Management, Audit, Compliance or other control function
  • Demonstrated strong working knowledge of Corporate and Investment Banking and the related operation snad financial requirements
  • Excellent project management and organizational skills and capability to handle multiple projects at one time
  • Consistently demonstrates clear and concise written and verbal communication skills


  • Bachelors/University degree or equivalent experience, potentially Advanced or Masters degree


Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - US


Time Type :Full time


Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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 CLICK HERE.

To view the 'EEO is the Law' poster CLICK HERE. To view the EEO is the Law Supplement CLICK HERE.
To view the EEO Policy Statement CLICK HERE.
To view the Pay Transparency Posting CLICK HERE.


Posted: 2020-02-10 Expires: 2020-03-11

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Business Risk Senior Officer, Operational Risk Manager BCMA - SVP

New York, NY 10007

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