4 days old

Modelling Risk + Controls - Recovery & Resolution Planning SVP

Citigroup
Kew Gardens, NY 11415
The Business Risk Senior Officer I is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. 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. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project.


The focus of the role will be to manage the increased Business Risk & Controls requirements imposed by the Model Risk Management (MRM) and End User Computing (EUC) policies. Resolution & Recovery Planning models are deemed to be high-risk and RSG owns 4 registered models (1 Resolution and 3 Recovery). The individual will be responsible for complying with model documentation requirements, model validation, model enhancements, model maintenance, coordination with Model Risk Validators, and all other policies. The individual will be responsible for oversight of the Ongoing Performance Assessment (OPA), which is required on a quarterly basis at a minimum for high-risk models. The individual will also be responsible for ensuring compliance with EUC policy requirements, including the retirement and systemic replacement of 3 high-risk EUCs. The individual will be responsible for managing and maintaining all MCA/ARCMs associated with the 4 models.


**Responsibilities:**


+ Assist the Business in key policy adherence and monitoring.

+ Keep Management aware of the risk and control environment of the Business through continuous and open communication, buy preparing and host Business Risk Committee meetings with Senior Management to present and follow-up on issues, concerns and corrective action plans.

+ Update and maintain a robust Managers Control Assessment (MCA) in compliance with the Citi Operational Risk Policy.

+ Ensure that the Business has a sound control environment from an information security perspective, including adherence to relevant policies where appropriate.

+ Serve as main point of contact for audit groups and ensure that all audit requests are timely and appropriately provided.

+ 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.

+ Develop an understanding of the MRM and EUC policies and best practices and how they apply to the RSG model population

+ Partner with Central RRP and cross functional leads to drive the continued enhancement and transparency of Citis modelling framework

+ Quarterly refresh of 4 high risk models and EUCs pursuant to MRMs enhanced OPA process

+ Oversee the EUC (End User Computing) and MRM reporting processes of the group to ensure compliance with the latest documentation guidelines, evidence of key assumption inputs, and appropriate level of review and challenge and senior oversight

+ Work with MRM to interpret and remediate any limitations assigned in the RSG modelling framework in addition to any MRA mandated enhancements

+ Liaise with MCA partners to provide thought leadership in developing a robust and comprehensive Risk and Controls framework as it applies to the increased OPA quarterly requirements

+ Partner with central stakeholders to provide strategic and tactical insight for regulatory objectives as they apply to Model Risk Management


**Qualifications:**


+ Individual must be analytical, flexible, team-oriented, have good interpersonal and follow-up skills with strong attention to detail and ability to multi-task.

+ A self-starter with ability to independently manage work and drive multiple deliverables concurrently.

+ This individual must be a highly capable written and verbal communicator, and will be required to obtain, analyze and synthesize information from a number of sources.

+ Ability to gain consensus and agreement across many disparate functions, products and geographies.

+ Consistently demonstrates clear and concise written and verbal communication skills

+ Ability to quickly analyze a problem. Previous experience engaging with Risk, Compliance, Legal, Finance, Operations and Business partners.

+ Understanding of regulatory expectations; capital, resolution planning etc.


**Education:**


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


**Reporting Structure**


This individual will join the Regulatory Solutions Group (RSG) within the ICG Risk and Controls organization, reporting to the manager of the ICG Resolution & Recovery Planning process.


The Regulatory Solutions Group is responsible for developing, implementing and owning standards and practices, and associated risk and controls, regarding the Institutional Clients Group ICG Recovery and Resolution Plans (RRP) and ongoing oversight of DSFT (Derivatives & Secured Funding Transactions) requirements. The team has responsibility for meeting regulatory guidelines governing Citis plans across multiple entities, products and lines of business. The RSG team has full accountability to ensure the efficacy of executing the strategies set forth. To be successful, the ideal candidate will be required to actively interact and collaborate across the Citi network, notably partnering with individuals across Citis ICG Banking and Markets business lines, Legal, Risk, Corporate RRP, Treasury, Risk & Controls, & Model Risk Management (MRM) .


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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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Modelling Risk + Controls - Recovery & Resolution Planning SVP

Citigroup
Kew Gardens, NY 11415

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