Legal Entity Oversight - Frameworks Design

Posted:
8/26/2024, 10:57:47 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom

Experience Level(s):
Senior

Field(s):
Legal & Compliance

Workplace Type:
Hybrid

Enterprise Risk Management (ERM) sits within Independent Risk Management and is responsible for overseeing the implementation of Citi’s Enterprise Risk Management Framework and for specific enterprise-level risk management programmes and processes that span the organisation, the lines of defence and various risk categories. These include risk identification, enterprise risk analytics, risk appetite & limits, new activity risk management, risk frameworks & policy, strategic risk, digital assets risk and climate risk. The group is headed by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO).

About the Team:

As part of ERM, Enterprise Risk Analytics & Stress Testing is responsible for Enterprise Stress Testing with Legal Entity Oversight (LEO), Material Legal Entity (MLE) Stress Testing and ICAAP execution and oversight, Firmwide Scenario Design and Expansion which cover Enterprise programs and all Legal Entities.

About the Role:

The current opening is for the LEO – Frameworks Design Manager, reporting within the Global Legal Entity Oversight and Execution team.

What you’ll do:

  • Strategy and design of Legal Entity Risk Management Frameworks (LE RMF) supported by application of Risk Identification, Risk Appetite, Stress testing minimum baseline standards.
  • Collaborate with Enterprise Risk Frameworks and Policy team for the Group to establish a centralised and streamlined approach for risk framework and minimum standards for legal entities.
  • Collaborate with ERM leads and senior stakeholders to finalise strategy and design for their respective programs to clarify proportional application for legal entities.
  • Collaborate with Risk Segment leads to ensure their respective policies define proportional requirements for enterprise programmes as they apply to legal entities.
  • Work closely with International CRO and legal entity CRO/RMCO teams to ensure feedback and buy-in of the proposals for Enterprise programs and Risk segment policies.
  • Work closely with ERM technology to design business requirements and their implementation to utilise strategic platforms for legal entities.
  • Engage with regional peers and global teams on an on-going basis to ensure consistency of approach adopted at enterprise and its application to Legal Entity capabilities.
  • Experience in establishing robust risk and control processes within risk management.
  • Significant interaction with a wide range of senior bank and risk management colleagues, as well as external stakeholders such as regulators / auditors.

What we’ll need from you:

  • Solid relevant experience.
  • Bachelor’s/University degree, Master’s degree preferred.
  • Familiarity with regulatory landscape facing global banks. Ideally, have worked in banking industry or regulators institutions.
  • Experience in Risk Management with proven record in establishing frameworks across financial and non-financial risks.
  • Experience in setting up Risk processes with exposure to verticals within a Risk Stripe management.
  • Excellent communication and organisational skills, ability to multi-task effectively in a high volume and complex environment.
  • Excellent team player while working independently to bring tasks to completion. Understanding, utilising data for building a narrative and business requirements.
  • Excellent proficiency in Microsoft Office – particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
  • Knowledge of risk categories spanning Financial (Market, Credit, Liquidity) and Non- Financial Risks (Operational, Compliance, Reputation and Strategic).
  • Awareness of both bank (including Branch network) and broker dealer chain and their respective strategies, products, risk profiles and regulatory requirements in a global marketplace.

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 Programme
  • 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 energised 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-TM3

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Job Family Group:

Risk Management

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Job Family:

Regulatory Risk

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Time Type:

Full time

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