Business Risk and Control Officer - VP (hybrid)

Salary Not Specified

Citigroup Inc., City of Westminster

Full time
Permanent
Onsite working

Posted today, 29 Sep | Get your application in now to be one of the first to apply.

Closing date: Closing date not specified

job Ref: 0924e7ab19a9465387f2bf0e99bc060f

Citigroup Inc.

Full Job Description

Liaise with Technology team to monitor status of corrective action plans and ensure milestones are on track for completion.
Update RAG status of issues and corrective action plans.
Review Issue Lifecycle metrics for compliance with Citi policy and procedures.
Track validation status of submitted Issue closure packets.
Ensure timely completion of control related activities such regulatory change impact assessments, Manager's Control Assessment mapping, and risk reporting.
Help contribute to governance and the facilitation of the execution of the Manager Control Assessment (MCA, i.e. Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes.
Support teams in the quality, completeness, and accuracy of the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management Policy, Lesson Learned Policy and Control Inventory.
Assist in performing a detailed analysis on the identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies.
Help contribute to the Lessons Learned Policy, including monitoring of control breaches and dissemination and learnings across other business units for process improvement to limit the occurrence of similar future events and where similar risk exposure might exist.
Support the review and challenge process, within the FLUs, on the effective design and management of controls to mitigate risks as required by the Control Standards, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution.
Assist in performing a detailed analysis to identify, assess, escalate, and manage risk exposures across Risk Categories (Operational Compliance, Strategic, Reputational, etc), including material, emerging and concentration risks in accordance with enterprise Policies and the establishment of Key Indicators to monitor risk exposures.
Be part of the process to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements.
Coordinate risk and control responsibilities and ensure accountabilities are embedded within FLUs, including providing training and leading by example.
Support with standards and procedures that conform to enterprise requirements and support sound operational and compliance risk management.
Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business.

Relevant experience in financial services, preferably from a compliance, audit, or risk management background
Consistently demonstrates clear and concise written and verbal communication skills
Effective organizational influencing skills required.
Excellent problem-solving skills Ability to comprehend the big pictures with high attention to critical details
Demonstrated ability to develop and implement strategy and process improvement initiatives.