Wealth Lending Controls - Assessment & Design Sr. Group Manager - C15 - FORT LAUDERDALE

Individuals in Assessment & design are responsible for developing, designing, and implementing controls programs, and providing review and guidance on robust controls design adhering to Citi’s Policies, Standards, and Frameworks. Individuals proactively identify and drive controls enhancements such as automation, standardization and rationalization including transformation execution activities. Includes first line activities for identification, measurement (significance and likelihood), and ongoing assessment of key risks and controls in partnership with relevant process owners to drive management decisions to operate within the firm’s Risk Appetite.

Responsibilities: 

• Deep understanding of Lending-related Regulations: Proven ability to interpret and apply complex financial regulations to ensure compliance and mitigate risk in lending operations and demonstrated ability to stay current with evolving regulatory landscapes and implement necessary changes to maintain compliance across all lending activities. Specifically for:
  • Reg T: In-depth knowledge of rules governing margin accounts and credit by brokers and dealers, ensuring adherence to Federal Reserve Board requirements.
  • Reg U: Comprehensive understanding of the rules governing credit by banks and other lenders for the purpose of purchasing or carrying margin stock, ensuring compliance with Federal Reserve Board directives.
  • Reg W:  Understanding of restrictions on transactions between banks and their affiliates, ensuring compliance with Federal Reserve Board regulations to protect the safety and soundness of insured depository institutions.
  • Reg B: Knowledge of the Equal Credit Opportunity Act, ensuring fair and impartial treatment of all credit applicants without discrimination.
• Strong grasp of Securities Based Lending (SBL): Familiarity with the intricacies of SBL products, including collateral management, risk assessment, and regulatory considerations.
• Manages large, potentially diverse teams of managers and/or senior professionals by providing leadership and direction through managers.
• Manage an innovative environment of diverse teams to encourage the development and implementation of robust control programs and strategies
• Make critical decisions that are guided by functional objectives
• Oversee the design, development, and implementation of the Citi's comprehensive controls program. 
• Evaluate the effectiveness of existing controls, identify areas for improvement, and implement necessary changes. 
• Champions control automation and usage of AI
• Continually manage and drive controls enhancements to increase efficiency and reduce risk. 
• Oversee the assessment for the business/function risk appetite in line with changes in the business environment, regulatory requirements, and strategic objectives.
• Provide oversight for key stakeholders and process owners to make management decisions that maintain operations within the firm’s Risk Appetite. 
• Work with key stakeholders to assess potential risks, develop risk mitigation activities, and define the acceptable level of risk across various areas of operation. 
• Oversee the execution of Enterprise Risk Management Framework and adherence with Risk Mgmt. / Compliance Policies.
• Collaborate with business and functional teams to understand control processes and identify potential areas for improvement. 
• Stay up to date on regulatory changes and industry best practices related to control management and ensure the controls program aligns with these standards. 
• Oversee the regular updates to senior management on the performance of the controls assessment and design.
• Appropriately assess risk when business decisions are made, demonstrating particular 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

Qualifications: 

• 15+ years of experience in operational risk management, compliance, audit, or other control-related functions in the financial services industry.
• Ability to identify, measure, and manage key risks and controls.
• Demonstrate sound business judgment.
• Ability to see the big pictures with high attention to critical details.
• Develop and implement strategy and process improvement initiatives.
• In depth understanding of Citi’s businesses and functions and their risk profiles. 
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