7 days old

Risk - Head of UK Legal Entity Risk Management - Director

Citigroup
London, OH 43140
Managing the UK Legal Entity Risk Management (UK LERM) team which is responsible for the day to day management of financial risks and associated governance and controls for Citigroup Global Markets Limited (CGML) Citibank NA, London Branch and CEP UK branch. Additionally, the role act as central coordinator of existing or new UK legal entity regulatory and risk initiatives within the UK CRO team where outcomes are related to Wholesale Credit Risk and Climate Risk.


CGML is Citis international broker dealer entity based in the UK which has US GAAP assets in excess of $218Bn; and CBNA London Branch has assets of approximately $240bn under US GAAP / $450bn under UK GAAP.. The UK legal entities are under direct supervision by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).


This role will report into the new UK Head of Financial Risks and is a management role overseeing a small team.


**Key Responsibilities:**


+ Management and governance of UK Legal Entity risk management frameworks including the Pre-Approval and Notification Framework, Counterparty Credit Stress testing, and various concentration thresholds / limits.

+ Approval of material and/or complex transactions to be booked on UK Legal Entities.

+ Working with the CCR Portfolio team, being the central responsible role holder for coordinating efforts related to the Risk assessment of WCR initiatives.

+ Responsible for assessment and approval of new or incremental financial risks arising from new//modifications to products impacting the Uk legal entities

+ Responsible for management and oversight of key regulatory project deliverables, with key focus on Data management including Risk lead for BCBS 239 implementation for UK Risk Reports.

+ Effective oversight of Booking Model and Remote Booking Controls for UK Legal Entities (alongside Operational Risk management)

+ Management and oversight of timely financial risk reporting and governance materials to Governance Forums and Senior Management where required.

+ Coordination of Financial risk of climate change for CGML and CBNA London working with the Global / EMEA Climate Risk team


**Work Experience:**


+ Extensive years of experience from a top tier bank or a consultancy firm, with excellent working knowledge of financial markets products, and a strong focus on governance and controls.

+ Prior extensive experience in a Credit Risk and Counterparty Credit Risk management is required in either first or second line of defence, including approval of complex transactions. .

+ Experience leading and participating in cross functional projects, regulatory remediation, and audit corrective action plans

+ Familiarity with the regulatory landscape in the UK including the PRAs approach to branch and subsidiary supervision

+ Prior management experience.

+ Understanding of front to back dependencies and controls in a complex matrixed organisation


**Qualifications:**


+ Post-graduate education in Economics, Finance, Financial Risk Management, or other quantitative discipline preferred.


**Competencies and skills:**


+ Ability to digest complex or detailed issues and articulate them in clear and concise messaging so that others understand principals of risk issues despite complexity or volume of information.

+ Strong attention to detail, excellent quantitative and analytical skills, willingness to "roll up sleeves", tireless work ethic, strive for excellence in both the what and how we deliver results.

+ Excellent communicator and proven ability of stake holder collaboration and management in a large and highly matrixed organisation

+ Strong organisational skills and the ability to multi-task effectively in a high-volume and complex environment with changing priorities, with a practical solutions-driven approach.

+ Strong proficiency in Microsoft Office particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).


This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


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**Job Family Group:**


Risk Management

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**Job Family:**


Regulatory Risk

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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)
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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Risk - Head of UK Legal Entity Risk Management - Director

Citigroup
London, OH 43140

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