SVP, Risk - Independent Operational Risk Manager - Markets Coverage (Hybrid)

Operational Risk Management (ORM) is seeking to hire an Operational Risk Manager to support its growing footprint.

You will work within ORM's Global Markets Coverage Team, partnering with Global Equities business and Product Control. The Operational Risk Manager will provide hands-on support to Equities Business Units, Product Control and support functions, ensuring that key operational risks are identified, managed, and monitored effectively.

The Operational Risk Grp Manager is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

Responsibilities:

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.

Coverage of Equities Derivatives and Equities product control specific focus on Equities Derivatives

Independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices

Serves as an oversight function working with the In-Business OR and Independent Risk Teams

Drives - Operation Risk Anticipation, Mitigation and Loss Recovery (and respective Recovery Plans)

Ensures Operation Risk Policy implementation and provide exception approvals

Attends In Business Risk Committees

Attend regular P&L adjustment meetings for Equities informing ORM Product Coverage Heads of operational risk events identified through adjustments

Work with the first line to review, challenge and provide guidance to improve metrics by calibrating thresholds and define new metrics to identify 'true' risk breaches

Assist with assurance reviews to test Markets Controllers processes and controls for Equities e.g., Flash P&L and Attribution reviews and partner with country cluster leads on reviews performed locally

Train and educate the Markets Controllers Risk and Control team covering Equities on adherence and effective implementation of the operational risk management framework components

Liaises with Equities business ORM on breaches and action steps to correct breaches

Works on deep dive (root cause analysis) with support of In-Business ORM and drive corrective actions

Exports best practices and common risk, controls and corrective actions through Framework Papers

Embrace a level of professional scepticism, naturally seeking to remain objective & validate answers provided before making key decisions

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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards

Qualifications:

10+ years relevant experience

Prior trading or product control - ideally both- experience strongly desired

Significant experience in Operational Risk is a essential. Other risk and control disciplines would be a plus

Exposure to Internal Audit or Financial Control would be desirable

Expertise in the following would be beneficial: Fraud Awareness and Risk Management Operations and Systems (Information Security Standards, Vendor/Outsourcing Management and MCA Legal and Regulatory Compliance Management of a global operations and a complex environment that includes global teams

Excellent communication skills - verbal & written

Education:

Bachelor's/University degree, Master's degree preferred

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Job Family Group:

Risk Management

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Job Family:

Operational Risk

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$163,600.00 - $245,400.00

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.

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Anticipated Posting Close Date:

May 24, 2024

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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.

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