Operational Risk Senior Officer I - Risk Appetite & ID
Company: Citi
Location: Carrollton
Posted on: January 26, 2023
Job Description:
Job Description:The position is in the Operational Risk
Management's (ORM) Framework group. The group is responsible for
design and oversight of Citi's Framework for managing Operational
Risk, a program designed to identify, assess, monitor, measure and
report operational risk on a consistent basis across businesses,
regions, and legal entities. In this role the individual will lead
activities around the development and implementation oversight of
the ORM Policy Framework related to the Operational Risk Appetite
and Risk Identification and monitoring processes.
Responsibilities:
- Coordinate globally with Operational Risk Management staff and
In-Business Risk Managers to ensure that the Framework requirements
are as needed and fulfilled, and that changes needed in the
Operational Risk Appetite and Risk Identification Policy Framework
are drafted, socialized, and reviewed and approved in appropriate
governance forums
- Draft (originate new content) for the ORM Risk Appetite and
Risk Identification Standards, and edit drafting of others, to
ensure that regulatory and business/management objectives and
constraints are met, and facilitate achievement of consensus in
large, diverse teams
- Work with partners in ORM and other central Risk disciplines to
ensure that the Framework design supports integration of various
processes / elements (e.g., Key Operational Risks (KORs), Material
Operational Risks (MORs), Material Risk Inventory items (MRIs),
Risk Appetite, MCA, etc.)
- Define user requirements related to technology applications
supporting the Framework
- Define agenda, prepare and/or oversee preparation of materials
and minutes for the ORM key governance Committees and selected
Working Groups, and lead portions of the meetings in selected
forums
- Coordinate annual Policy/Standard reviews to ensure alignment
to Citi-wide Policies and Standards. Report on results to ORM
Management, the Citi Policy Committee, and Risk Management's Policy
Group
- Develop and maintain standards and/or guidelines for Business /
Function compliance with the Operational Risk Appetite and Risk
Identification Framework. Review and ensure processes are in place
to maintain sufficient business procedures and maintain central
repository, with review, of key documents
- Support delivery of responses to targeted regulatory and
internal audit reviews
- Review and report on overall adherence to Policy across Citi
and escalate open issues for resolution. Coordinate execution of
the program including development and delivery of regular reporting
for Management on compliance with program requirements and ensure
corrective action plans and/or policy exceptions exist as
needed
- Oversee periodic coordination of gap analyses to regulatory
rules/requirements and that gaps have established action plans and
are monitored
- Drive/ensure timely and complete response to regulatory and
audit requests on the Policy Framework and Risk Identification
related processes that support CCAR/DFAST
- Define Risk Appetite and Risk Identification training needs and
design materials to support overall Program delivery
- Liaise with central risk teams and represent ORM on cross
functional working groups, as requiredQualifications:
- 7+ years of relevant risk management experience, with
Operational Risk knowledge a significant plus
- Knowledge of financial services industry products, with
knowledge of the Citi organization and global products a
significant plus
- Knowledge of Operational Risk Management policy, risk
identification processes, and risk and control assessment processes
highly desired
- Experience in communicating effectively, orally and in writing,
across large organizations
- Strong organizational and project planning skills
- Strong people management skills
- Ability to generate and present new ideas and propose new
alternatives for discussion
- Excellent general computer skills including experience and
interest in using MS Word with large complex documents, PowerPoint
for effective senior management communication, and Excel for
manipulation are large data setsEducation:
- Bachelor's/University degree, Master's degree preferred - Job
Family Group: Risk Management - Job Family:Operational Risk Time
Type: Full time Primary Location: New York New York United States
Primary Location Salary Range: $152,050.00 - $228,080.00 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 - Effective November 1, 2021, Citi
requires that all successful applicants for positions located in
the United States or Puerto Rico be fully vaccinated against
COVID-19 as a condition of employment and provide proof of such
vaccination prior to commencement of employment.
Keywords: Citi, Carrollton , Operational Risk Senior Officer I - Risk Appetite & ID, Other , Carrollton, Texas
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