About the role

The Manager’s Control Assessment (MCA or Risk and Control Self-Assessment) Coordinator is responsible to oversee the direction within Trade and Working Capital Solutions (TWCS) and facilitate collaboration outside of TWCS with the Central Risk and Controls team in Services.   Scope of the responsibilities will include implementing strategic delivery of the MCA program and ensuring full compliance with the Citi procedure for executing the MCA transformation, and BAU activity following the transformation. 

Excellent communication skills required to provide messaging on MCA to Controls Team Peers as well as Product Heads, at a senior level. The incumbent is expected to:

• Provide advanced judgment and conduct in-depth quantitative or qualitative analysis to solve problems and develop new, innovative solutions to effectively manage risk. 

• Required to analyze MCA results, decipher if there are pervasive issues within the business and effectively communicate results to Controls group for further discussion and problem solving with Product Heads and Senior management.

• Proactively be looking to improve on the MCA and the results that are generated to obtain valuable insight as to the operating effectiveness of the control environment for TWCS.

Responsibilities:

• Enhance first line oversight of MCA implementation requirements, oversee administration and maintenance of the implementing Standards and Procedures, and establish a governance construct for their review and approval of these documents.

• The governance model should consist of an Executive Committee and approval Working Group, with representatives from products areas, support functions, and regions that make up the business.

• Training delivery and design relevant for all TWCS Staff

• Organize workshops and coordinate discussion with Process Owners, Risk Owners, and other impacting users of the MCA framework across TWCS.

• Understand and coordinate dependencies with other Citi Programs (e.g. Services Controls, Central Monitoring and Operational Risk Management frameworks)

• Establish TWCS level metrics and quality assurance standards/framework for the MCA program in line with the Services Central Governance framework.

• Assist in reviewing and challenging within the FLUs the effective design and management of controls to mitigate risks as required by the Control Standards, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution. 

• As a key business/product compliance and regulatory risk manager and thought leader for TWCS responsible for establishing internal strategies, procedures, processes and programs to prevent violations of law, rule or regulation and design and deliver a risk management framework that maintains risk levels within the  risk appetite and protect the franchise.

• Working knowledge of Compliance laws, rules, regulations, risks, and appropriate controls preferred

Qualifications:

• Bachelor’s/University degree, master’s degree preferred.

• 10+ years experience in Compliance, Operational Risk, Legal or other control related function within a financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; extensive experience in area of focus; previous experience managing staff.

• Sound understanding of the Trade/ Transaction banking business and the key risks in the business.

• Highly motivated independent strategic mindset

• Ability to articulate complex problems and solutions through concise and clear messaging.

• Team player who is adaptive and resilient amid change

• Outstanding communication and presentation skills required for all levels of the organization.

• Demonstrated sound business judgment.  Proven track record in risk and control oversight (including significant experience in identifying risks, control issues, implementing corrective actions and best practices)

• Track record leading Control related projects and programs.

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Control

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$200,000.00 - $300,000.00

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.

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Anticipated Posting Close Date:

Oct 23, 2024

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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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