New York, NY, 10176, USA
9 days ago
Business Risk Officer, Vice President, New York
This role is focused on delivering the strategic objectives of the Price Risk program and a key member of the 1st Line Risk & Control function directly supporting Global Markets. The Global Markets Risk & Control team is mandated to establish and maintain a robust 1st Line of Defense designed to minimize risk within the business including leading critical control remediation projects to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks. The Business Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family. **Responsibilities:** + Support the Price Risk Program Initiative lead(s) to drive and support hands-on execution of strategic deliverables aligned to key Data set within Price Risk (i.e. trade population and attributes, market data, business hierarchy, product hierarchy, pricing environments) + Understand the data quality issues aligned with that data set including end to end data flows and controls and ensure these are addressed in the defined target state solution with robust controls + Provide meaningful insight on data analysis performed to support timely decision-making where required + Identify issues and collaborate with stakeholders to agree solutions that can be delivered across asset classes to ensure consistency of approach across Citi Markets + Provide front office support on the associated procedures and governance + Embed key controls within the Manager Control Assessment (MCA) framework + Influences strategic direction and provides feedback with respect to initiative or program creation, alignment to business goals, stakeholder management, executive communications + Delivery will require articulation of best practice and industry standards and application of these to the Citi business model and infrastructure + Partner with Technology to deliver front-to-back technology infrastructure and enhance data quality. + Work with management and colleagues to promote a strong risk and control culture. + Escalate concerns and issues to senior leadership, independent risk management and management committees. + Preparation of formal update communications to senior management, governance forums and external regulator **Qualifications:** + Relevant industry experience of Data, Technology, Market Risk Management, Product Control or product valuation specialist with First Line and/or Second Line experience or in an associated consulting role + Strong experience in Financial Services including in working in a Front Office environment and / or extensive interaction with FO + Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns + Ability to analyze large data sets and recommend ways to improve quality, controls, and efficiency + Must be proficient with Excel - Use of Python, SQL, Digital tools would be a significant plus, including Powerpoint, PowerBI and SharePoint + Good knowledge of data used in Price Risk processes (trade, market data, reference data), data governance and lineage – experience in operationalizing golden sources of data + Strong ability in interacting with and influencing senior business stakeholders. + Capable of prioritizing and multi-tasking in a dynamic environment. + Excellent oral and written communications skills; Must be articulate and persuasive. + Strong track record in strategic design and implementation, delivering complex solutions. + Strong financial, analytical, strategic planning and problem solving skills. + 6-10 years relevant work experience in Business Risk & Controls + MS Excel, MS Access, SAS, SQL, Visual Basic a plus. 5+ years’ experience in financial services. + Consistently demonstrates clear and concise written and verbal communication skills + Effective organizational influencing skills required. + Third party vendor management preferred. Demonstrated ability to lead global team efforts + Excellent problem solving skills Ability to see the big pictures with high attention to critical details + Demonstrated ability to develop and implement strategy and process improvement initiatives. **Development Opportunities:** + Opportunity to widen your knowledge of the investment banking industry and the products traded + 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:** Sep 03, 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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