Control Solutions and Risk Remediation: Movement of Funds

Our Markets Operations COO team builds, supports and delivers the infrastructure, security and operational elements that empower Citi to pursue our mission of enabling growth and economic progress. Our teams are embedded in the functions and businesses to deliver the optimal tools and environments, allowing Citi to be the best for our clients.

The Control Solutions & Risk Remediation Team supports broad Cross Operational Issue Management resolution stemming from both Internal Citi self-identified, Internal Audit and Regulatory driven initiatives. We construct, uplift and deliver appropriate control frameworks and risk driven solutions to ensure the safety and soundness of our Operational environment.

This role is the Risk lead for our Movement of Funds strategy across Markets Operations and will be responsible for determining the strategic risk oversight requirements as we develop and roll out our Target Operating Model for managing payments and other movement of fund’s activities across Global Markets Operations. The role will work closely with the Payments Lead/ Sponsor and Program Execution Lead from Markets Operations and will require engagement and interaction with our second- and third-line partners.

In this role, you're expected to:

• Determine the strategic risk oversight control framework required to support the delivery of the Markets Operations Movement of funds target operating model, and support the set up and adoption across the global Markets Operations teams
• Drive the delivery of current and future strategic risk remediation initiatives aligned with Payments Transformation
• Deliver a robust payments and movement of funds risk oversight and governance framework, supporting the BAU payments controls processes for manually initiated payments, movement of funds and the LAPC (Large Anomalous Payment Control) including chairing key governance forums
• Set the standards and implement guidelines and controls in line with Policy and MCA oversight requirements for Markets Operations, including the determining and monitoring of key risk indicators
• Support Markets Operations teams with Audit reviews and questions relating to manual payments and the Large Anomalous Payments Control
• Provide risk input into the payments Design Authority, determining the strategic control design requirements for payment / movement of funds processes and partnering with technology to ensure these are embedded in our strategic payment’s architecture
• Partner with Central Payments control team on the future development of the Enterprise LAPC control, determining and assessing risk benefits of centralised control infrastructure
• Embed a strong Controls and Compliance culture, develop and roll out specific payments/ movement of funds training for Market Operations
• Appropriately assess risk in the business decisions made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Where required, manage team performance, provide coaching and guidance to team members for individual career progression and team development
• Deliver on all goals including Financial, Client Service, Culture & People and Risk & Control, and support the delivery of Markets Operations COO goals

As a successful candidate, you’d ideally have the following skills and exposure:

• Must have significant experience in the financial industry supporting operational risk activities, most especially focused on the Markets business, payments and movement of funds
• Experience successfully collaborating with multiple stakeholders across the Markets business, and broader Citi Enterprise Risk Management and Operations, Technology teams
• Excellent communication and stakeholder management skills, with the ability to communicate to a range of audiences and facilitate discussions.
• Have strong knowledge about banking systems and procedures
• Have a deep understanding of Citi policies, Compliance and other relevant regulations
• Have experience in leading a diverse and dynamic team
• Have a Service and Solutions oriented mindset, with exceptional analytical skills
• Experience successfully collaborating with multiple stakeholders across the Markets business, and broader Citi Enterprise Risk Management and Operations, Technology teams
• Bachelor's/University degree or equivalent experience. Master’s degree preferred

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Job Family Group:

Controls Governance & Oversight

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Job Family:

Cross-disciplinary Controls

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Communication, Constructive Debate, Controls Assessment, Controls Lifecycle, Escalation Management, Issue Management, Risk Management, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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