Business Risk and Control Sr Officer I, Citi

Citi

Location:
India, Mumbai

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

Save Job

Apply Position

Job Description:

The Business Risk and Control Sr Officer I is a strategic professional who closely follows latest trends in own field. Responsible for managing and implementing aspects of risk control, governance, escalation, operational risk analysis, compliance, and assessment. Plays a key role in safeguarding Citigroup, ensuring compliance, and addressing risk exposures across various categories.

Job Responsibility:

Work with Management on 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
accountable for 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
ensure the identification of issue root cause, partnering with control and process owners to recommend holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in accordance with Issue Management and Escalation Policies
direct teams in the implementation of 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 management in 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
with management, direct teams on the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC)
assess, with management, the adherence to the MCA Standard through controls after the execution of a process (QA)
assist management in exercising control over Operational and Compliance Risk in accordance with established Policy requirements
help management allocate resources 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
assess, with management, Risk Appetite and monitor / assess exposures against this in accordance with enterprise requirements (if applicable)
take ownership to identify, assess, record and respond to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements
responsible that adequate governance and training are in place to support management of Risk profiles
assess, with management, the risks associated with New Activities and changes to the Business, ensuring these are well understood and adequately controlled (if applicable)
support management on operational risk scenario analysis and stress testing for Operational Risk Capital requirements
be responsible for risk and control assessments or coordination for programs within various risk stripes and ensure sufficient subject matter expertise exists to enable management of these risks within the Business (e.g., third party, fraud, sanctions etc) (if applicable)
take ownership to ensure that risk and control responsibilities and accountabilities are embedded within FLUs, including providing training and leading by example
assist management in guiding and influencing 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
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

Requirements:

10+ years of experience
familiarity with 3rd party risk models
consistently demonstrates clear and concise written and verbal communication skills
SQL, Perl or Python, Matlab or R, Excel VBA
database administrator experience is a plus

Additional Information:

Job Posted:
May 08, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

View All Jobs In This Company

Job Link Share:

Business Risk and Control Sr Officer I