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Head of Enterprise Risk Management

https://www.citi.com/ Logo

Citi

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Location:
Canada, Mississauga

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Category:
Finance

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Contract Type:
Employment contract

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Salary:

Not provided

Job Description:

The Head of ERM-owned Policies will be responsible for developing and maintaining policies, standards, procedures, and training programs owned by ERM; providing expert advice on governance matters related to ERM programs; and overseeing the management of policy breaches, dispensations, and waivers associated with ERM-owned policy documents. This role requires a deep understanding of financial institution risk management, regulatory requirements, and the ability to lead and influence across various stakeholders.

Job Responsibility:

  • Continuously monitor and analyze regulatory changes, emerging regulations, and internal policy modifications to identify potential impacts on ERM policies and governance
  • maintain a comprehensive understanding of relevant laws, regulations, and industry best practices to ensure ERM policies remain current and effective
  • conduct thorough gap analyses of existing ERM policies against evolving regulatory requirements and industry standards
  • identify and document areas where policies need to be updated, enhanced, or developed to address identified gaps
  • lead the development and maintenance of comprehensive ERM governance documentation, including policies, standards, and procedures, aligned with regulatory expectations and industry best practices
  • socialize draft documentation with key stakeholders, obtain necessary approvals from relevant governance bodies, and ensure timely publication and dissemination of approved documents
  • identify, track, and report policy breaches, dispensations, and waivers related to ERM-owned policies
  • investigate reported breaches, assess their impact, and ensure appropriate corrective actions are implemented and tracked to closure
  • prepare and present regular reports on policy breach metrics to senior management and relevant governance committees
  • foster strong partnerships and collaborate effectively with other areas within the first, second, and third lines of defense, including business units, compliance, internal audit, and other risk management functions
  • work collaboratively with stakeholders to ensure consistent application of ERM policies and promote a strong risk culture across the organization
  • lead, develop, mentor, and manage junior team members, providing guidance, coaching, and opportunities for professional growth
  • foster a collaborative and high-performing team environment, promoting knowledge sharing and continuous improvement
  • develop and present clear and concise updates on key ERM policy matters to senior management and governance forums
  • provide insightful analysis and recommendations to support informed decision-making.

Requirements:

  • Minimum of 15 years of experience in risk management or a finance function within a bank, financial services consulting firm, or regulatory body
  • demonstrated experience in developing, implementing, and managing risk management policies and governance frameworks
  • in-depth understanding of regulatory expectations and industry best practices for risk management governance, risk identification, stress testing, risk appetite and limits, and strategic, climate, and concentration risk management
  • strong knowledge of financial institution operations, products, and services
  • proven ability to drive results, meet deadlines, and manage multiple priorities in a fast-paced environment
  • highly motivated, detail-oriented, team-oriented, organized, and proactive
  • exceptional analytical and problem-solving skills, with the ability to assess complex issues, identify root causes, and develop practical solutions
  • excellent written and verbal communication skills, with the ability to articulate complex problems and policy interpretations through concise and clear messaging
  • strong presentation skills, with experience presenting to senior management and governance forums
  • proficiency in Microsoft Office Suite, including PowerPoint and Word
  • proven experience in leading and managing teams, providing coaching, and fostering a collaborative work environment
  • ability to influence and build consensus across diverse stakeholder groups.

Nice to have:

MBA or relevant advanced degree preferred.

What we offer:
  • Equal opportunity employer
  • comprehensive benefits to support well-being, growth, and work-life balance.

Additional Information:

Job Posted:
August 19, 2025

Employment Type:
Fulltime
Work Type:
Hybrid work
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