Business Risk Senior Officer I, SVP, New York
New York, NY 
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Posted 23 days ago
Job Description

This new role is part of the Markets Price Risk and Control Data Execution team supporting the Price Risk Initiative. Price Risk includes all aspects of market risk management across First Line and Second Line functions, and the initiative sets out to improve and enhance risk management controls and processes across ICG businesses. Price Risk and Control (PRC) is a first line cross-asset risk and control function, which operates or facilitates controls to manage the operational risk, valuation risk and governance components of managing quality of Price Risk. The team works closely with Global Markets Trading Businesses, In-Business Risk (IBR), Finance and 2LoD in setting standards and procedures, leading governance, building and managing controls across processes and activities in scope of the Price Risk Framework. The role will require knowledge of Price Risk processes (first or second line risk management and/or valuation control) as well as change skills to define, organize and co-ordinate a program of work across businesses and regions. The role will support ICG businesses and functions in driving transformation in underlying risk and control processes. It will involve collaboration with stakeholder groups to define a best in class target state, with a robust control framework as well as a set of practical actions to achieve.

Responsibilities:

  • Implement processes for the effective internal Data Management controls by monitoring business data quality reports with
    associated key indicators & metrics, and driving continuous improvement initiatives within the business, resulting in reduction
    of inherent risks
  • Engage in a process of triage, raising Business priorities & providing proactive guidance to your partners
  • Implement Data Quality reporting through the definition and implementation of business, data and system related control and
    remediation frameworks at points of capture in order to resolve data quality exceptions

Knowledge and Experience:

  • Knowledge and experience of structured project management techniques in a front office environment
  • Industry experience in data, data management and/or regulatory initiatives
  • Knowledge of data methodologies/frameworks and demonstrable appreciation of the need for and impact of controls, thresholds and Data Quality rules plus fundamental data terminology
  • Demonstrable experience in data process flows front-to-back, risk and control, markets, operations, and support & control areas within a large bank/dealer
  • Demonstrable experience of coordinating with stakeholders to drive changes and understand process impact on topics including issue resolution and controls as a consultant or internal change group
  • Knowledge of global markets trading products (Fixed Income, Equity, Currencies & Commodities) and/or securities services (Prime, Clearing)
  • Knowledge of, and experience in, analyzing legislative, regulatory/supervisory and legal/compliance texts and analysis

Qualifications:

  • 10+ years experience in Operational Risk Management, Audit, Compliance or other control function
  • Strong project management skills; ability to gain consensus among project teams, and drive initiatives to completion effectively
  • Strong analytical and problem solving skills, with attention to detail, as well as ability to understand discrete steps in their process and where remediation needs to be implemented when issues arise
  • Ability to coordinate with other data management roles, including Process Owners and Data Stewards
  • Ability to understand the purpose of the process in terms of the greater context of the business, the products related to the process , what data is being captured and the reports that are produced
  • Hands-on practitioner expertise in implementing structured business/operational processes and business requirements documentation
  • Excellent verbal and written communication skills, to effectively produce documentation and communicate with management and Business / Global Function executives.
  • Excellent proficiency in Microsoft Office, particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation)
  • Delivery track record is essential

Development Opportunities:

  • Chance to build an exceptional global network of professionals, trading desks, technology teams and 2nd line functions, including Finance and Risk
  • Long-term career path across geographies and business lines
  • Competitive compensation package and benefits
  • Flexible work arrangements

Education:

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

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Control

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$163,600.00 - $245,400.00


In addition to salary, Citis offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Apr 16, 2024

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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 .

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

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Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Salary and Benefits
163600.00 per Annual
Required Education
Bachelor's Degree
Required Experience
10+ years
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