The Business Risk and Control Sr Group Manager manages multiple teams through other managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an integral member of the functional leadership team within a country/site location, job family, or line of business.
Responsibilities: - Strengthen and create a globally consistent In-Business Controls Framework for Banking and Custody across Regions
- Support Wealth Deposits Senior Management on Regulatory and IA reviews across functions, and regions, as needed, acting in close collaboration with Business Owners, Regional Heads, the COO Office
- Support Consent Order and related transformation efforts
- Establish effective governance for direct and indirect initiatives contributing to the remediation of identified risks.
- Establishes and oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
- Identifies key risks and all respective components of a problem, leading to resolution
- Appropriately assess risk and provide advice when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
- Serves as a point of escalation for key issues or time sensitive decisions
- Identify bottlenecks and derive solutions to enable programs to remain on track and escalate areas of concern that are not being addressed on a timely basis.
- Collaborate with the Global team to ensure consistency and alignment on controls Processes
- Support Issue Resolution activities
- Lead global risk and control related projects
- Build credible and trusting relationships with partners within Risk, ORM, Compliance, Operations, Legal and other functions and stakeholders
- Support the remediation of issues related to MRAs and MRIAs
Qualifications:- 15+ years experience in financial services
- Experience in Deposits Products and control functions
- Experience in managing regulatory exams and relationships with examiners, and auditors
- Ability to work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization; to influence and lead people across cultures at a senior level;
- Experience managing teams with broad accountability in a complex environment.
- Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary.
- Interpersonal and people management skills with prior experience interfacing with Citi senior management, including at the Director and Managing Director level.
- Flexibility to work with people if different time zones
Education:- Bachelor's/University degree or equivalent experience, potentially Masters degree and managerial experience
Job Family Group: Risk Management
Job Family:Business Risk & Control
Time Type:Full time
Primary Location:Long Island City New York United States
Primary Location Full Time Salary Range:$170,000.00 - $300,000.00In addition to salary, Citi's 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.
Anticipated Posting Close Date:Jul 10, 2024Citi 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
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