New York, NY, 10176, USA
49 days ago
Business Risk Officer, Vice President, New York
This new role is part of the Markets Credit and Price Risk Execution team supporting the Price Risk data quality issue management and strategic data initiatives. ‘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 Markets businesses and CTI. Price Risk Execution 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 Markets 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:** + Responsible for managing and supporting multiple Price Risk data quality governance forums and sub-forums. + 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 data quality issue 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. + Works closely with business partners on findings and makes recommendations on improving practices. + Understanding of relevant policies and applicability to Markets, establish ongoing process to identify and implement changing or new policy requirements, and ensure no known gaps or otherwise identified and being remediated. + Leverages data quality issues to examine impacts to Customer Experience and Regulatory breaks. + Has the ability to operate with a limited level of direct supervision. + Can exercise independence of judgement and autonomy. + Acts as SME to senior stakeholders and /or other team members. + Appropriately assess risk 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. **Knowledge and Experience:** + Experience in data quality Issue management (IM) role leveraging glossary, lineage, and data quality tools to drive IM governance and reporting + Expert in creating and executing a clear governance framework that improve the quality and value of data to meet regulatory commitments and enhance risk management. + 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, Spread Products, Equity, Rates & Currencies, Commodities) and/or Treasury Investments + Knowledge of, and experience in, analyzing legislative, regulatory/supervisory and legal/compliance texts and analysis **Qualifications:** + 6-10 years relevant work experience in Business Risk & Controls, Operational Risk Management, Audit, Compliance or other control function. + 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 see the big pictures with high attention to critical details. 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. + Excellent verbal and written communication skills, to effectively produce documentation and communicate with management and Business / Global Function executives. + Excellent proficiency in Tableau (metrics and data analysis), PowerPoint (presentation decks), Word (writing and editing procedural, technical documentation, and meeting minutes), Outlook (emails), Teams (Citi Hub, Channels, Chats, Document sharing). + Effective organizational influencing skills required. Strong project management skills; ability to gain consensus among project teams, and drive initiatives to completion effectively. + Ability to coordinate with other data management roles, including Process Owners and Data Stewards. + Demonstrated ability to develop and implement strategy and process improvement initiatives. **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:** + Bachelor’s/University degree or equivalent experience, potentially Masters degree ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Business Risk & Control ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $129,840.00 - $194,760.00 In 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:** Aug 14, 2024 ------------------------------------------------------ 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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