Operational Risk Officer
Company: Citi
Location: White Plains
Posted on: January 27, 2023
Job Description:
The Operational Risk Sr Officer I is a strategic professional
who closely follows latest trends in own field and adapts them for
application within own job and the business. Excellent
communication skills required in order to negotiate internally,
often at a senior level. Developed communication and diplomacy
skills are required in order to guide, influence and convince
others, in particular colleagues in other areas. Necessitates a
degree of responsibility over technical strategy. This role focuses
on the Cash and Cards businesses and the related Operations within
TTS to ensure all risks are addressed to fully protect Citi.
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.
- Independently asses risks and drive actions to address the root
causes that persistently lead to operational risk losses by
challenging both historical and proposed practices.
- Governance and oversight may include (not limited to)
technology operational risk, cyber risk for example.
- Serves as a subject matter expert for all performance issues
that surface.
- Issues Management (KPI/KRI/Corrective Action Plans)
- In addition to identifying key risks, the individual must be
cognizant of Business and industry trends that present business
opportunities and be able to provide advice to assist the Business
in moving forward with new business in a controlled
environment.
- Liaise with all relevant business, risk and functional partners
to uncover risk themes, root cause and the development of
remediation efforts.
- Conduct challenges of lessons learned to uncover root causes
(e.g. control breakdowns) of large or frequently occurring
losses.
- The individual must maintain strong relationships with the
Business, other Risk and Control functions, and Operations to
effectively influence changes that will improve the risk and
control environment.
- Notify / Escalate operational risk concerns.
- Participate and Support Development of reporting and
documentation requirements across all elements of the Operational
Risk framework.
- 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
behavior, conduct and business practices, and escalating, managing
and reporting control issues with transparency.Qualifications:
- Knowledge of financial markets
- Prior risk and control process management experience and
products
- Outstanding communication and influencing skills through all
levels of the organization. Exceptional relationship management
skills; must be able to address and resolve conflict while
maintaining relationships. Ability to effectively communicate
complex topics to a broad audience.
- Detailed oriented with analytical skills, as the role requires
a large amount of data manipulation and presentation. Expert in
Microsoft Office Tools.
- Analytical inquisitiveness and problem solving ability; an
ability to ask insightful questions, break analytical challenges
into workable components and draw meaningful conclusions
- Willingness and ability to challenge the status quo and BAU to
promote improvements/enhancements that will mitigate risk
- Ability to collaborate with others, communicate effectively
with senior management, build effective business relationships.
Meet regularly with Global Business Heads
- Excellent problem-solving abilities; strong analytical skills -
both quantitative and qualitative
- Self-starter and able to execute and close out an issue in a
timely manner.
- Results oriented and tenacious
- Critical thinking skills are essential for success
- A thorough ability to provide risk versus reward analysis is
imperative
- Professional presence and attitude
- Candidate should feel comfortable interacting with individuals
at all levels of the organization and have an ability to influence
others
- Ability to lead or participate in cross-functional project
teams
- Clear understanding of legal/regulatory environment
- Ability to react quickly to a fluid environment and changing
priorities while executing plans to achieve multiple
objectives
- Strong Team player with a positive "can-do" attitude
- 10+ years relevant experience
- Compliance and/or Internal Audit experience a plusEducation:
- Bachelor's/University degree, Master's degree preferredThe
Operational Risk Management (ORM) Treasury & Trade Solutions
Business Coverage team is an Independent Risk team within ORM that
consists of a core group of risk professionals who support and
challenge the Business in identifying, analyzing, mitigating,
controlling and managing risks when providing valuable solutions
and services to clients while maximizing risk adjusted returns. The
global team functions out of New York. - Job Family Group: Risk
Management - Job Family:Operational Risk Time Type: Full time
Primary Location: New York New York United States Primary Location
Salary Range: $152,050.00 - $228,080.00 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 .View the " EEO is the Law " poster. View the
EEO is the Law Supplement .View the EEO Policy Statement .View the
Pay Transparency Posting - Effective November 1, 2021, Citi
requires that all successful applicants for positions located in
the United States or Puerto Rico be fully vaccinated against
COVID-19 as a condition of employment and provide proof of such
vaccination prior to commencement of employment.
Keywords: Citi, White Plains , Operational Risk Officer, Other , White Plains, New York
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