Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.
We’re currently looking for a high caliber professional to join our team as Senior Vice-President, Risk Reporting Sr. Officer based in Mumbai or Chennai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
- Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
- We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
- We empower our employees to manage their financial well-being and help them plan for the future.
- Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
- We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
- We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
Citi’s Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.
The USPB Risk and Wealth Risk Chief Administrative Office (CAO) organization provides a global focus for risk management strategy and execution oversight, compliance with Citi Policies and Regulatory requirements, and drives strong risk management - for USPB Risk, Wealth Risk, Investment Risk and Legacy Franchises/Banking & International Retail Risk Management.
In this role, you’re expected to:
The Risk Reporting SVP role is responsible for global and independent risk reporting for both the USPB and Wealth Chief Risk Officer (CRO) and other key enterprise level risk reporting to the Board of Directors and Regulators. This highly visible SVP role is a senior position, responsible for providing timely analytics, measurements, and insights compliant with BCBS 239, applicable regulations, and Citi policies governing risk aggregations and reporting. The role supports department objectives related to Enterprise Data Use Case execution, Risk Digitization, Strategic Data Sourcing, and related Consent Order Transformation Programs.
The SVP is expected to work closely with peers within USPB Risk and Wealth Risk CAO, the USPB and Wealth CRO, 1st & 2nd lines of defense (LOD) senior management, Product Heads and specialized subject matter experts (SMEs) in Enterprise Risk Management (ERM), Counterparty Credit Risk (CCR), Wholesale Credit Risk (WCR), Retail Credit Risk Management (RCR) and related Technology partners throughout Citi.
- Define and substantiate scope, identifying dependencies, and agreeing with stakeholders for Enterprise Data Use Case (UC) requirements.
- Document requirements for improving Retail Credit Risk, Wealth Risk, and Investment Risk data to support timely and effective Risk Management and Oversight
- Lead the strategy, approach and automation of reporting, measurements, and analytics for all risk reports supporting the USPB and Wealth Risk CROs, Regulators, and Risk management.
- Work with the various project teams to ensure key milestones are achieved for each phase of the project including requirement documentation, UAT, production parallel and sustainability.
- Regularly and effectively communicate with senior stakeholders, both verbally and written, the strategic vision of target state risk management strategy, as well as progress of path to strong effort
- Timely, quality, and compliant risk reporting, measurements, and analytics
- Reporting rationalization and redesign to meet, leverage and align with path to strong transformation in progress – including revision of reports to adopt new/changing risk taxonomies and aggregation requirements, new systems of record and authorized data sources and new reporting/oversight infrastructure and BI/analytics tools, to deliver updated and new risk aggregations that meet changing organizational needs and regulatory/policy requirements.
- Work in close partnership with USPB Risk and Wealth Risk CAO peers, Risk Policy/Process owners and stakeholders across first and second line of defense to rationalize, simplify and digitize risk reporting.
- Design, coordinate, and prepare executive materials for USPB and Wealth CRO and management team’s senior presentations to the Board, risk committees, and regulators, including any ad-hoc materials.
- Partner with Independent Risk Management and In-Business/Country Risk Management to address new risk monitoring or regulatory requirements.
- Lead strategic initiatives to drive common & concurrent use of “gold source reports” by 1st & 2nd line and deliver faster time to insights.
- Enhance and streamline reporting processes by adopting best-in-class modern intelligence tools and improving data quality in partnership with stakeholders in risk management, technology, and business teams.
As a successful candidate, you’d ideally have the following skills and exposure:
Excellent communication skills are required to negotiate and interact with senior leadership and partner effectively with other reporting/tech/data leads across the firm. Strong data analysis skills are also required to ensure seamless and aligned transformation of USPB and Wealth Risk reporting, measurements and analytics to overall risk and data target state, including full adoption of new reporting and data management tools for compliance with Global Regulatory and Management Reporting Policy, Citi Data Governance Policy, End-User Computing remediation and BCBS 239 requirements
- 10+ years of relevant experience; Strong understanding of consumer credit risk, wholesale credit risk, and related data
- Track record of delivering complex projects related to data, aggregation, and reporting
- Bachelor’s or Master’s degrees in business, finance, economics, computer science or other analytically intensive discipline (preferred)
- Ability to synthesize complex data/analytics into succinct and effective presentations. Prior leadership in risk analytics, reporting/BI (Tableau, Python, and SAS) and data preferred.
- Ability to multi-task effectively in a dynamic, high-volume, and complex environment with a practical solutions-driven approach
- Excellent verbal and written communication skills, with a proven track record of engagement with senior leadership teams
- Strong interpersonal skills including influencing, facilitation, and partnering skills, able to leverage relationships and work collaboratively across an organization.
- Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
- Comfortable acting as an agent for positive change with agility and flexibility.
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today
https://jobs.citi.com/dei
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Risk Reporting and Exposure Monitoring------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Data Analysis, Governance, Management Reporting, Policy and Procedure, Policy and Regulation, Programming, Risk Controls and Monitors, Risk Identification and Assessment.------------------------------------------------------
Other Relevant Skills
Laws and Regulations, Referral and Escalation, Risk Remediation.------------------------------------------------------
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