Head of ERM-Owned Policies, Citi

Citi

Location:
Canada, Mississauga

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Enterprise Risk Management (ERM) organization establishes the foundational principles that guide the firm's risk-taking activities. This encompasses defining the governance framework, setting requirements, and delineating roles and responsibilities for key risk management areas, including risk identification, stress testing, risk appetite and limits, and the management of strategic, climate, and concentration risks. The Head of ERM-owned Policies will be responsible for developing and maintaining ERM policies, providing expert governance advice, and managing policy breaches, dispensations, and waivers within a financial institution context. The role requires extensive experience in risk management governance, regulatory compliance, and collaboration across diverse 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
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.

Additional Information:

Job Posted:
August 05, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Head of ERM-Owned Policies