Are you looking for a career move that will put you at the heart of a global financial institution? By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

Markets Assessment Program team is part of Markets Operational Risk and Control unit, which is in turn part of Markets Risk & Control team and is mandated to establish and maintain a robust 1st Line of defense and designed to minimize transaction Processing Risk within the business.

Markets Assessment Program team is set up to assess high risk processes and proactively identify gaps in end-to-end design and operation of controls, covering all Markets businesses globally. Primary responsibilities include collaborating with Markets Senior Management and key stakeholders across the firm including Subject Matter Experts (SMEs) and Firm-wide Business / Functional Owners to deliver integrated high risk Process led Assessments, building and reporting of automated High Risk Process Metrics, New Activity reviews, Governance and oversight of Delegated Trade Booking Authority.

What you will do:

• Carry-out Risk/ Materiality assessments in line with Framework by prioritizing High Risks to determine Target Process inventory.
• Identify Operational Risk & Regulatory SMEs and Firm-wide Business/ Functional Owners and Participants, document firm-wide E2E process, governance structure and controls.
• Partner with Front Office, Operations, Finance, Technology, Legal, Operational Risk Management (ORM) and Independent Compliance Risk Management (ICRM) to design, implement and deliver integrated global operational control assessments.
• Assess/Test End to End Risks and Controls design to determine gaps in existing Managers’ Control Assessment (MCA) framework for in-scope process.
• Identify control weaknesses & gaps, report results, raise Issues (as needed) and track to resolution by collaborating with Markets Transformation so that issues have corresponding implementable actions and ownership through to closure, whilst aiming for automation of enhanced controls, where appropriate. 
• Writing reports including issues, overall control enhancements and action plans in collaboration with key business stakeholders including Markets Management, Operations, ORM and ICRM as appropriate.
• Completing projects within agreed timescales, whilst keeping stakeholders up to date on progress and escalating any blockers.
• Contribute in creating a global, cross-regional and cross-business team of highly skilled individuals with diverse experience in related disciplines. Cross training of junior / new members of the team.
• Provide assurance on the control design and performance for an area, at a global, regional level or sub-level
• Collaborate with ICRM, ORM and Internal Audit to support and respond to internal and external assessments
• Creating and submitting timely Governance updates on progress against plan, key issues identified and seeking approval of forward looking BAU assessments book of work at Risk and Control Committees.  
• Reviewing Markets ‘New Activity’ proposals for incremental ‘Processing Risk’, resolving queries with Front to Back partners, providing updates to Management and approving on a timely basis.  
• Building and reporting of High Risk Process (HRP) metrics to senior management, Processing Risk Committee, investigating and resolving threshold breaches.
• Writing Business Requirement Documents (BRDs), performing User Acceptance Testing (UAT) for HRP metrics whilst collaborating with Technology, Transformation, Front Office, Operations, ORM and Markets Risk & Control teams.
• Supporting Central Markets wide Governance and oversight of Delegated Trade Bookings in partnership with Front Office, Operations and Risk & Control.  

What we'll need from you:

• Strong understanding of operational processes, risks and related controls, associated with Markets businesses
• Strong understanding of control design and effectiveness assessment techniques and practices
• Experience in financial services; experience in planning, scoping and/or leading execution of Internal Audit, Compliance or First Line assurance projects
• Strong communication skills required in order to negotiate internally, often at a senior level.
• Strong track record in project management implementation
• Strong organizational, time management and influencing skills
• Demonstrates clear and concise written and verbal communication
• Ability to articulate and collaborate for success with stakeholders
• Extensive relevant experience

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus 
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program  
• Pension Plan 
• Paid Parental Leave 
• Special discounts for employees, family, and friends 
• Access to an array of learning and development resources 

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities

#LI-LC1

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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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