Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defence, to house and consistently manage Credit Risk activities performed across its Institutional Client Group organisation.
ICM was established with the objective to provide an integrated "end-to-end" credit underwriting, identification, measurement, management, and monitoring for wholesale credit businesses across the enterprise. Its formation was an outcome of the Wholesale Credit Risk Program, an ongoing strategic initiative across the 1st and 2nd lines of defence, shaping ICM's Target Operating Model. Currently ICM has a footprint in over 40 countries.
The Central Controls & Enhancement team owns all supervisory and conduct metrics for the department and is tasked with the identification of best practices and processes, the integration / centralisation of controls across legacy organisations, analyses and implementation of enhancements, process flow mapping and maintenance, and coordination with other ICG Controls teams.
This is an exciting opportunity for a practically minded professional with a solid understanding of credit risk controls and a keen interest to make a difference in a fast paced and many times uncertain environment.
The incumbent will be working closely with the ICM business units and controls sub-teams, second line control teams across locations, Business Managers, as well as partner areas such as Operations and Technology.
Key responsibilities include:
- Support ICM's monitoring Team on key initiatives and requirements that collectively cover execution, oversight, and reporting of ICM's Operational Risk activities
- Lead, evaluate and drive a team towards realistic goals
- Influences others through communication and diplomacy skills; may negotiate with external parties
- Has the ability to operate with a limited level of direct supervision
- Ability to manage teams
- Exercises independence of judgement and autonomy
- Evaluate and support end to end control implementation for key controls across ICM
- Assist with identifying best practices and centralisation of controls
- Facilitate implementation of key Business Control enhancements
- Initiates and develops relationships with others throughout the business unit and the company to identify and understand business needs
- Implement solutions to improve effectiveness and results
- Ensure a culture of accountability, integrity, and respect
- Additional duties as assigned
**Skills**:
- Must have analytical inquisitiveness and problem-solving and ability to ask insightful questions, break analytical and business challenges into workable components and draw meaningful conclusions.
- Highly intellectual in character requiring exercise of discretion and judgment.
- Must be flexible to adapt to the changing needs of the organization during the different phases of Citi's Transformation.
- Demonstrated ability to be detail-oriented and manage multiple competing priorities including emerging risks to deliver solutions in an effective control environment.
- Ability to collaborate with others to achieve business objectives; Must be able to work with multi-disciplinary teams from different regions.
- Ability to communicate effectively with senior management within CAO and cross functional organizations, particularly with people from different geographies and cultures.
Other Qualifications:
- Bachelor's/University degree or equivalent experience
- 5 to 10 years' experience
- Previous direct management experience
- Proven experience in independently handling enhancement projects and interacting with teams across all lines of defense globally
- Understanding of the Risk & Control disciplines, standards and associated gold source systems (Citi Risk & Control, Records Management Governance Tool, Document Management System)
- Must be a self-starter, flexible, innovative, and adaptive
- Proven ability to work in high-pressure, time-sensitive environment
- Ability to work collaboratively and independently, ability to navigate a complex organization
- A proactive and "no surprises" approach in communicating issues
- Excellent written and verbal communication skills
- Superb Presentation skills - in person and via video/phone
- Strong Excel & PowerPoint skills
We offer:
- Work in a challenging area of the financial industry with one of the world's leading companies with exposure to variety of products, processes and controls
- Cooperation with a high quality, international, multicultural and global team
- Work in a friendly and diversified environment, appreciating differences in style and perspective and using them to add value to decisions leading to organizational success
- Management supporting balanced and agile work (flexible working hours, home office)
- Attractive benefits package (Benefit System, medical care, pension plan etc.)
- A chance to make a differenc
