SVP, Enterprise Risk Transformation Lead (Hybrid)

Job Posting Title

Enterprise Risk Transformation Lead

About Citi

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments, and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Principles represent the qualities, behaviours, and expectations we all must exhibit to deliver on our mission of enabling growth and economic progress. They contribute to creating a culture that drives client excellence, controls excellence and operational excellence.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background, and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

About the Group:

Enterprise Risk Management (ERM) within Independent Risk Management is responsible for overseeing the implementation of Citi’s Enterprise Risk Management Framework and for specific enterprise-level risk management programs and processes that span the organization, the lines of defence and various risk categories. These include risk identification, enterprise risk analytics, risk appetite & limits, new activity risk management, risk frameworks & policy, strategic risk, digital assets risk and climate risk. The group is headed by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO).

About the Team:

Enterprise Risk Data & Technology Transformation was formed with one purpose in mind To Build Risk Data & Technology solutions to deliver on our regulatory commitments. But our mission extends beyond solving our regulatory commitments.  We want to Transform data, process, and technology to achieve a generational shift in Risk Management practices. By doing so we operationalize the Enterprise Risk Management Framework through technology solutions.

About the Role:

The Risk Transformation SVP will drive forward the successful execution of Risk Data & Transformation work in accordance with regulatory and the firm’s expectations.  This position will initially focus on leading several projects related to Enterprise Stress Testing.  The lead will be responsible to understand, interpret and execute on Stress Testing commitments to the regulators.  The lead will also be responsible for end-to-end strategic planning, project managing, stakeholder engagement, technology collaboration and communication to multiple senior forums.  The lead will be required to take on additional projects as and when needed that is not stress testing related but fits into the overall Risk Data Transformation book of work.

Development Opportunities:

• Opportunity to be involved in a highly visible, impactful, and firm wide priority.
• Opportunity to widen your knowledge of the banking industry and the risk and control framework.
• Chance to build an exceptional global network of professionals across multiple business areas, technology teams and 2nd line functions, including Finance and Risk
• Long-term career path across geographies and business lines
• Opportunity to widen your knowledge of the banking industry.
• Competitive compensation package and benefits
• Flexible work arrangements

Responsibilities:

• Lead the Product Ownership, Strategy and Program management for the Enterprise Stress Testing data and technology initiatives.
• Establish Program and Project Management best practice, inclusive of documentation and governance.
• Lead, contribute and engage with 1st and 2nd LOD in working groups and senior steering committee meetings to drive the initiative to completion.
• Collaborate with Enterprise Risk Analytics and Technology teams to ensure common goals and objectives are being met.

• Support Strategic planning and communication to multiple senior forums, regarding the various administrational activities and functions within the wider team.
• Ensure close coordination and partnership with various PMOs and execution teams to ensure timely delivery and success criteria.
• Acquire, analyse, and translate data into concise messaging to support decision making for key stake holders to make appropriate leadership decisions.
• Effectively work with internal audit and to reach a common understanding of the artifacts needed to support related testing and validation.
• Proactively identify and manage risks, issues, and dependencies and develop solutions to escalate and mitigate them.
• Create presentation materials and discussion points related to program content. Contribute to discussions and decisions, and assist in action item tracking, project plans, milestones, and meeting documentation.

Job Skills/Qualifications:

• Extensive Risk Management experiences preferably including Stress Testing
• Extensive Project Management or Product Ownership experience
• Strong business analysis skills including process mapping and improvement.
• 10+ years’ financial services implementation experience, analytics, or related risk management function
• In addition, any of the following will be a distinct advantage:  Understanding of variety of risk types (Wholesale Credit, Market, Consumer, Operational, Reputational, Liquidity, etc.)

Qualifications and Competencies:

• BS or MS degree in Economics, Finance, Computer Science, or other analytically intensive discipline
• Comfortable working with big data
• Strong ability in interacting, collaborating, and influencing senior business stakeholders and technology teams.
• Strong problem solver with leadership skills
• Excellent oral and written communications skills
• Capable of prioritizing and multi-tasking in a dynamic environment
• Proficiency in Microsoft suite including Excel, PowerPoint, SharePoint and Visio
• Ability to operate autonomously in order to make independent, strategic, and thoughtful decisions in order to identify and remediate problems and realize efficiencies across the function.

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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:

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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.

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