Markets Resolution Planning Business Risk Manager Job at Citi (Pune)

Job Description

An individual in Enterprise Risk Management plays a critical role in managing the bank's diverse risks to ensure financial stability and sustained growth. This involves the identification and management of enterprise-level and cross-cutting risks, designing and executing stress tests, managing climate risk and protecting against reputational risk. This integral role within the bank ensures operations are within a defined risk appetite and contribute to the overall objectives of the bank. Individuals responsible for In-business Risk Management oversee risk identification, assessment, measurement, monitoring and reporting. They design and implement risk mitigation actions and focus on managing one or more risks in support of business activities. Professionals in Enterprise Risk Management are entrusted with providing a comprehensive view of risk management which enables the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's success. This particular role sits in the Markets Recovery and Resolution Planning team focused on US Qualified Financial Contracts (QFC) adherence.

Job Responsibility

Contribute to the implementation and oversight of Markets US QFC Stay Control Framework, including pre-trade soft block monitoring and escalation and coordination with Business (COO/Sales), Legal, Technology and Operations
Drive QFC adherence analysis, maintain tracking and manage reporting of potential breaches
Ensure updates to monthly RRP tracker and reporting for CAO meetings
Provide oversight of RRP plan development processes and facilitated cross-business coordination and tracking
Assist in coordinating governance and facilitating risk management assessments to ensure the accuracy and completeness of the Manager Control Assessment (MCA)
Conduct risk and control assessments promptly aligning with existing standards
Assist in managing and updating annual Resolution planning and reporting for the Markets business (165d/IDI)
Examine issue root causes and partner with stakeholders to recommend corrective actions and improvements
Act as a change catalyst by identifying and helping others see where new ideas could benefit the organization
Proactively identifies opportunities to streamline work
creates process improvements that enhance efficiency for self and the team
Takes personal accountability for escalating, identifying, and managing potential risk
implements controls that enhance the client experience and operational effectiveness
Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements
Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals
Empathetically listens and understands others’ positions before acting on issues
works to amplify voices that are minimized in the workplace
Leverages varied networks to recruit diverse talent
advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities
Manage Tier 1 regulatory and audit delivery for Recovery Resolution Planning (RRP) by coordinating stakeholder meetings, preparing materials, and documenting evidence across multiple sub-capabilities

Requirements

Bachelors degree
5+ years of experience
Thorough understanding of risk and control assessments
Proficiency in diagnosing root causes and developing corrective actions
Working proficiency in using software for risk assessments, data analysis, and reporting including basic AI understanding
Comprehensive knowledge of operational and compliance risks
Proven track record in evaluating business changes and managing risk exposures
Experience in monitoring control breaches and leveraging lessons learned for process improvements
Skills in leveraging statistical tools for analyzing risk-related data and drawing useful insights
Ability to create clear, concise, and comprehensive documents, reports, and procedural manuals related to risk management
Bachelor's/University degree or equivalent experience

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Markets Resolution Planning Business Risk Manager

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