Job Information
Citigroup Global Operational Risk Officer, VP - Payments in Wilmington, Delaware
Operational Risk Management (ORM) is seeking to hire a Global Operational Risk Officer - Payments (VP) to support its growing footprint. The Global Operational Risk Officer - Payments (VP) is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business.
You will work within ORM’s Global Services Coverage Team, partnering with Global TTS business. The Operational Risk Manager will provide hands-on support to TTS Business Units, In-Business Risk & Control and support functions, ensuring that key operational risks are identified, managed, and monitored effectively.
The Global Operational Risk Officer - Payments (VP) is accountable for management of complex/critical/large professional disciplinary areas. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project.
Responsibilities:
Establishes and oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
independently asses risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
Governance and oversight may include (not limited to) technology operational risk, cyber risk for example.
Serves as an SME and oversight function working with the In-Business OR and Independent Risk Teams
Drives – Operation Risk Anticipation, Mitigation and Loss Recovery (and respective Recovery Plans)
Ensures Operation Risk Policy implementation and provide exception approvals
Attends regular In-Business Risk & Control Forums
Work with the first line to review, challenge and provide guidance to improve metrics by calibrating thresholds and define new metrics to identify ‘true’ risk breaches
Assist with assurance reviews to test processes and controls
Partner with country cluster leads on reviews performed locally, as well as, Risk Stripe SME’s on ORES, NACs, Lessons Learned, etc.
Work on deep dive (root cause analysis) with support of In-Business Risk & Control and drive corrective actions
Issues Management (KPI/KRI/Corrective Action Plans)
Share best practices and common risk, controls and corrective actions through Framework Papers
Embrace a level of professional skepticism, naturally seeking to remain objective & validate answers provided before making key decisions
Collaborates to resolve any issues which fall within the terms of the contract. Escalate those that require commercial or legal support.
Develops and maintains relationships across the business users and Lines of Defense to better understand and deliver customer requirements by responding to changes in the internal and external business environment
Qualifications:
6-10 years relevant experience
TTS Product knowledge strongly desired
Significant experience in Operational Risk is essential. Other audit and risk and control disciplines would be a plus
Exposure to Internal Audit would be desirable
Expertise in the following would be beneficial: Fraud Awareness and Risk Management Operations and Systems (Information Security Standards, Vendor/Outsourcing Management and MCA Legal and Regulatory Compliance Management of a global operations and a complex environment that includes global teams
Outstanding communication (verbal & written) and influencing skills through all levels of the organization. Exceptional relationship management skills; must be able to address and resolve conflict while maintaining relationships. Ability to effectively communicate complex topics to a broad audience.
Detailed oriented with analytical skills
Expert in Microsoft Office Tools.
Education:
- Bachelor’s/University degree, Master’s degree preferred
Job Family Group:
Risk Management
Job Family:
Operational Risk
Time Type:
Primary Location:
Wilmington Delaware United States
Primary Location Full Time Salary Range:
$114,720.00 - $172,080.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date:
Aug 08, 2024
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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Citi is an equal opportunity and affirmative action employer.
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