Markets Controls Assessment Lead, Senior Vice President

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in risk and control, testing and stakeholder management to Citi’s Central Controls Team

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

The Markets Control Testing Utility is responsible for assessing the adequacy of Controls, Monitoring and Testing Tools that are designed and executed by the Markets business teams.

This position reports to the Markets Control Assessment & Testing Head, within the COO’s Controls Testing Utility. It is a strategic- and execution-oriented management position that is accountable for operational controls performance assessment and assurance for Markets controls as well as monitoring and testing tools. This includes the design and execution of control assessment processes, results reporting, and insight sharing related to the above scope of controls assurance activities. The role is focused on Markets controls to manage Compliance and Operational Risks but will operate as part of a team responsible for control assessment and assurance of all other Markets controls and controls owned by the Markets business segment. Coverage may vary from time to time to meet internal and external deliverables across the Markets Assessment and Testing team.

The Markets – Control Assessment Lead directs a team of approximately six controls testing professionals responsible for supporting the above responsibilities, with breadth and depth on control assessment planning and execution. The position closely follows the latest trends in controls assurance, appropriate and effective control design, and adapts them for application within their own job and covered businesses. The role will require engagement with senior managers at Director and/ or Managing Director levels.

Excellent management and communication skills are required to negotiate internally, frequently with Business and COO stakeholders. Strong communication and diplomacy skills are required to guide, influence, and convince others, particularly colleagues in other areas and occasional external customers. Accountable for controls testing results and advice regarding the controls execution. The role necessitates a degree of responsibility over technical strategy. Responsible for supporting the Markets Control Assessment & Testing Head on handling staff management issues, including resource management and allocation of work within the team/project.

What you’ll do

• Supports the Markets Controls Testing Utility by leading a team responsible for assessing control design, designing control assessment tools and developing control assessment procedures, ensuring control assessment transitions, dispositioning exceptions, and developing insights.

• Carries key responsibility for Control Design Assessment (CDA) by influencing the design of the quality review process, defining the work plan, and resolving escalations.

• Performs decision-making of control assessment design activity, which includes approving/signing-off, undertaking escalations, and owning Internal Audit and issue management related actions.

• Has the ultimate decision on controls assessment outlier escalations.

• Handles control assessment interactions with senior managers at Director or Managing Director levels.

• Maintains relationships and drives accountability with partners and stakeholders to drive control assessment success in support of the business's strategy.

• Represents control testing in Operational Risk Forums (ORF) and senior meetings as needed and works with each respective team to finalize materials.

• Works with colleagues in other areas of Risk Management, Compliance/Control, and the Businesses to assure appropriate management of Compliance and Operational Risks applicable to the Markets business.

• Oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for detecting unmitigated risks arising from failed internal processes, inadequate controls, and emerging risks in partnership with Markets.

• Approves assessment procedures in Confluence and is responsible for delivering relevant procedures to Internal Audit reviews and issue remediation.

• Maintains resource forecast for own team as well as forecasting for successful controls assessment transition and Central Execution training. Supports team members on topics ranging from testing design and execution to performance management and control assessment platforms basics.

• Helps driving continuous impro