Citibank

Price Risk Remediation - Program Management VP

Posted on: 25 Feb 2021

New York City, New York

Job Description

Overview:

This new role is part of ICG Risk and Control team supporting the Price Risk remediation program lead in project managing the change program across First Line and Second Line functions to improve and enhance Price Risk management practices across ICG businesses.

The role will require knowledge of Price Risk processes (risk management and/or product control) as well as project management and change skills to support the teams efforts to organize and co-ordinate a change program across businesses and regions. The role will coordinate, track and report remediation projects owned by first line and second line control owners across businesses and regions in line with the program plan, and report status to the program governance as well as other elements of the Citi governance framework as necessary.

Responsibilities:

* Support the program lead to work with relevant Citi leadership as well as outside experts to design a target state control framework for Price Risk which meets regulatory expectations
* As a member of the project management team, define required actions to implement the end state and track completion of the actions in line with Citi change methodology
* Coordinate with key stakeholders across First Line and Second Line to ensure key project challenges are identified, highlighted, and escalated to program lead to allow effective resolution
* Work with Control and Internal Audit stakeholders to ensure credible challenge throughout the remediation process and validation of results in line with Citis Internal Audit requirements
* Input into governance and communication materials pertaining to the program, including status of the program to senior stakeholders within Citi (including executive management and the Board) as well as to Citis regulators..

Qualifications & Skills:

* Experience of Price Risk gained in Market Risk Management, Product Control or valuation function, with First Line and/or Second Line experience or in an associated consulting role
* Excellent oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.
* Ability to drive change to business practices by working effectively across a global organization.
* Self-starting with the ability to multitask and prioritize
* Project management and change capabilities are essential
* Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
* Demonstrated analytical skills with follow-up and problem solving capability
* Ability to analyze a process and recommend ways to improve quality, controls, and efficiency

Education:

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

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Job Family Group:

Project and Program Management

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Job Family:

Program Management

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Time Type:

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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.

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Citibank

New York, New York

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment provides wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate and consumer loans, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2018, it operated 2,410 branches in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

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