Independent Risk Review and Oversight - Retail Services and Global Partnerships Director, Citi

Citi

Location:
United States, Wilmington, Delaware ▼
Irving, Texas

Category:
Finance

Contract Type:
Employment contract

Salary:

170000.00 - 300000.00 USD / Year

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Job Description:

The Independent Risk Review and Oversight - Retail Services and Global Partnerships Director oversees portfolio risk management activities to minimize credit losses and potential damage to the Citigroup franchise or reputation. The role includes developing business strategies, calculating CECL reserves, conducting stress tests, loss forecasts, and managing risk appetite for the First Line of Defense. For the Second Line of Defense, the role involves providing effective oversight and periodic review and challenge of 1LOD portfolio management processes and outcomes.

Job Responsibility:

Oversee portfolio risk management activities to minimize credit losses and potential damage to Citigroup franchise or reputation
Develop business strategies
Calculate CECL reserves
Conduct stress tests and loss forecasts
Manage risk appetite for First Line of Defense (1LOD)
Provide effective oversight and periodic review and challenge of 1LOD portfolio management processes and outcomes
Ensure credit risk is managed effectively across all portfolios
Oversee compliance processes for credit portfolio limits
Maintain uniform control environment across all portfolios and Centers of Excellence
Manage operational risk and monitor key contractual deliverables
Assess risk during business decision-making processes
Abide by all applicable laws, rules, and regulations
Escalate, address, and transparently report control issues
Acquire profound knowledge of industry and competitors
Gain comprehensive knowledge of applicable laws and regulations
Understand strategic direction of the function
Monitor and implement latest trends in credit risk analysis
Lead oversight of defense processes for credit portfolio management
Develop limit methodologies
Coordinate regulatory interactions
Enhance process controls
Oversee governance discussions and risk mitigation efforts
Represent and coordinate second line of defense in risk appetite engagement
Manage risk statements and assessments
Identify top risks
Conduct regular reviews of portfolio health
Engage in ad-hoc work related to risk control

Requirements:

15+ years of experience
Proven leadership experience in overseeing and challenging multiple professional teams
Ability to oversee and challenge the 1st LOD in their field of expertise
Background in operational risk management including review and challenge of control environments across portfolios
Insight into strategies for improving business performance including process enhancements and talent management
Expertise in monitoring and diagnosing portfolio performance
Understanding of risk assessment processes in business decision-making
Experience in managing, addressing, and reporting control issues including supervising others and enforcing accountability
Deep knowledge of the finance industry and products/services of direct competition
In-depth understanding of laws and regulations that govern finance industry policies and practices
Comprehensive insight into the strategic direction of the finance function including related systems, theories, and practices
Strong awareness of ethical standards in personal behavior, conduct, and business practices
Strong leadership skills with ability to guide teams and devise strategic plans
Risk management proficiency to evaluate and maintain control environments and managing operational risk
Ability to identify and execute opportunities for performance enhancement
Demonstrated competence in portfolio management specifically in monitoring, diagnosing, and critically assessing portfolio performance
Established ethical behavior and ability to adhere to laws, rules, and regulations
Impressive communication skills with ability to influence and negotiate with stakeholders
Demonstrated strategic comprehension of the function with ability to assess and question relevant systems, theories, and practices
Proven ability to oversee and critically appraise others effectively holding them accountable for maintaining standards
Bachelor's/University degree, Master's degree preferred

Nice to have:

Master's degree preferred
Analytical Thinking
Credible Challenge
Governance
Monitoring and Evaluation
Policy and Procedure
Policy and Regulation
Product Knowledge
Risk Controls and Monitors
Risk Identification and Assessment
Risk Remediation

What we offer:

Medical, dental & vision coverage
401(k)
Life, accident, and disability insurance
Wellness programs
Paid time off packages including vacation, sick leave, and paid holidays
Discretionary and formulaic incentive and retention awards for eligible employees

Additional Information:

Job Posted:
August 26, 2025

Expiration:
September 01, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Independent Risk Review and Oversight - Retail Services and Global Partnerships Director