Citi Global Wealth Chief Administrative Office: Risk & Controls

Company: Citi
Location: Fort Lauderdale
Posted on: May 26, 2023

Job Description:

Brief Description of the Organization and Role: Citi Global Wealth (CGW) is an integration of Citi Private Bank and the Consumer Wealth organization into a single platform enabling Citi to serve its clients across the wealth spectrum and capitalize on Citi's industry leading capabilities to support the goal of CGW, which is to be the leading wealth management provider globally. As we embark on this journey, it is imperative to have a strong Risk & Control framework, supporting this goal through an independent but integral Internal Control organization. This role is responsible for the oversight of Operational Risk Identification programs within CGW, including Key/Material Risk identification & monitoring, Material Risk Inventory, and Scenario Analysis. This role will ultimately report to the Director - CGW Key Operational Risk Identification. Responsibilities:

• Drive proactive and timely operational risk identification and monitoring across Citi Global Wealth (CGW) in line with Enterprise-wide requirements
• Articulate key operational risks that impact CGW globally, through vigorous quantitative and qualitative data analysis, and engagement with subject matter experts and business risk owners
• Work in tandem with business risk owners to develop and implement appropriate risk monitoring and reporting of identified key operational risks
• Provide continuous day-to-day oversight on in-business operational risk identification and monitoring practices in CGW, and identify optimization and streamlining opportunities as needed
• Collaborate with Personal Banking Wealth Management (PBWM) and Enterprise Risk colleagues to ensure robust CGW's input to the PBWM Material Risk Inventory
• Participate in execution of the Scenario Analysis program for scenario(s) that pertain(s) to CGW, in collaboration with PBWM and Central Foundational team colleagues
• Partner with PBWM and Enterprise Risk teams to navigate the evolving Enterprise-wide Risk Identification stipulations, and recommend and execute necessary changes to ensure CGW staying compliant with the Enterprise-wide standards
• Develop/maintain new operational risk identification internal procedures/guidelines in line with the Central Operational Risk Management Standards Qualifications:
  • 10+ years of experience, of which 5+ years of Financial Services and analytical / control work experience. Experience in risk management, compliance or other control functions is desirable.
  • Self-motivated, highly adaptive, and able to work well independently and with others under tight timelines
  • Proven skills in leading changes from ideation to influencing stakeholders to implementation
  • Strategic thinker with strong analytical skills and the ability to synthesize information to resolve ambiguities and problems, and to connect the details to the bigger picture
  • Demonstrated skills is data analysis and extensive hands-on experience in data tools such as Excel and QlikView
  • Openness to challenges to oneself and others to improve the status quo
  • Ability to set priorities and organize multiple projects simultaneously in a fast paced, demanding and dynamic environment
    • Excellent oral and written communication skills Education:
      • Bachelor's degree; experience in risk, compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof;
      • Advanced degree (e.g., JD, MBA) and certifications (CFA, FRM) preferred - Job Family Group: Compliance and Control - Job Family:Business Control Time Type: Full time Primary Location: New York New York United States Primary Location Salary Range: $158,140.00 - $237,200.00 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 .View the " EEO is the Law " poster. View the EEO is the Law Supplement .View the EEO Policy Statement .View the Pay Transparency Posting

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