Team Overview:
The Risk Governance function within the Chief Operating Office of Independent Risk Management is responsible for the design and implementation of firm-wide frameworks and practices that are integral and fundamental to Risk Management within Citi. These include, but are not limited to, the firm's risk identification, risk appetite, and risk governance frameworks; the new and modified product approval framework; risk policy; risk governance committees; risk controls and issue management; risk learning and development; and risk budget management.
As part of this function, the Regulatory Affairs and Governance Committee team leads proactive oversight of Risk Management efforts to deliver timely and best-in-class outcomes against regulatory expectations in addition to supporting firm-wide risk governing committees.
Position Objective:
The current opening is for a Assistant Vice President level candidate to join the Governance Committee team and support the management and review of contents that are presented at the Board Risk Management Committee (RMC), the Group Risk Management Committee (GRMC) and CBNA Risk Committee. The Board RMC is a standing committee of the Board of Directors and assists the Board in oversight of Citigroup's risk management framework, including significant policies and practices used in managing credit, market, operational and certain other risks. The GRMC is the primary senior executive level committee responsible for overseeing the execution of the Citigroup Risk Governance Framework, for ensuring that Citis risk profile remains consistent with its approved risk appetite, including for aggregate and concentration risks, and for discussing material and emerging risk issues facing the firm. The Committee also provides comprehensive firm-wide coverage of Credit Risk and Market Risk in the Trading Book. The CBNA Risk Committee is the senior executive level committee responsible for reviewing the CBNA Risk Appetite Framework, thresholds, and usage against the established thresholds. The Committee is also responsible for reviewing reports designed to monitor market, credit, operational and other risk types that impact CBNA.
Key Responsibilities:
Support the management of communications, material development and agendas supporting the Board RMC, GRMC and CBNA Risk Committee
Manage and monitor governance responsibilities for the Board RMC, GRMC and CBNA Risk Committee and oversee follow-up items
Provide guidance to internal stakeholders on presentation materials submitted to ensure effective, appropriate and accurate communications
Work with various subject matter experts (across all businesses) and members of the Risk Management Executive Council to identify top of mind issues / topics. Hold working sessions with key stakeholders and create recommendations for effective solutions to issues, structure implementation plans and assist in plan execution.
Interact and communicate with senior management to identify key topics of interest to bring to the Board RMC, GRMC and CBNA Risk Committee
Synthesize key findings and recommendations into clear and succinct presentations for the CRO and Risk Management Executive Council as well as other internal & external forums
Assist in executing and leading high priority strategic/regulatory ad hoc projects across their lifecycle by identifying and structuring problems, analyzing root causes, developing solutions, communicating project results, and obtaining buy-in for change
Develop strong working relationships and effectively partner with key stakeholders and subject matter experts across the organization (business & functions) to accomplish goals
Development Value:
Position provides a unique vantage point to gain a firm-wide perspective across all businesses (ICG, CCB, GCB) and risk types (credit, market, liquidity, and operational, as well as strategic). The role provide the privilege of working closely with Citigroup and CBNA senior management, as well as other functions including Finance, Internal Audit and Legal. The position also provides the opportunity to engage in high profile initiatives and mandates from the Citigroup and CBNA CROs and Risk COO, which allows for direct involvement in some of the most critical strategic projects throughout the Risk organization and the entire firm.
Job Qualifications
Bachelor's degree with 3-5 years of relevant experience
Quantitative/analytical skills with a working knowledge in the principles of credit, market, liquidity, operational, strategic risks and finance
Exposure to basic risk management measures such as OSUC, PSE, NCL, LLR, CVA, VaR
General knowledge of credit, market, retail, corporate, investment banking products
Superior writing skills, able to effectively present in text or slide format
Ability to build strong internal and external relationships and partner with stakeholders to achieve results
Ability to quickly assimilate and analyze large amounts of information
High attention to detail, ability to work under pressure and tight deadlines
Ability to quickly learn new concepts and pick up business knowledge
Proactive and highly motivated with the ability to multi-task productively and to work independently as well as collaboratively
High proficiency in MS office (Excel, Word, PowerPoint)
Excellent organizational, follow-up and time management skills. Previous experience in project management a plus
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Job Family Group:
Business Strategy, Management & Administration
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Job Family:
Strategy & Development
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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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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.