Finance Head of Business Risk and Controls

Job Description

Reporting to the Chief Administrative Officer for Finance, the Head of Finance Controls is responsible for managing the teams and activities to strengthen the Finance function’s risk and control environment, including central processes and controls and managing and monitoring key metrics related to issue management, control design and effectiveness, compliance (policy, laws, rules and regulatory) and governance and reporting.

The role will be responsible for designing, implementing and continually improving the strategy and operating model for these activities, including day-to-day processes, guidance, deliverables and compliance with firm-wide policies and procedures, leveraging enterprise tools (systems, processes, workflows, procedures). The role will require risk and control technical skills and a client service mindset to develop and evolve processes that enable the entire Finance function to succeed.

Responsibilities

• Control Design and Testing: Manage programs related to risk identification / assessment, control design and check/challenge, and control testing, including implementation and ongoing monitoring and improvement of Finance’s Manager Control Assessment (MCA) Transformation, to strengthen the risk and control environment.

• Issue Self-Identification: Strengthen the culture, awareness, understanding and practices to self-identify issues across the Finance organization.

• Issue Remediation Quality Control: Own, strengthen and evolve the quality control (i.e., check/challenge) capabilities to enable stronger remediation planning, taking a risk-based approach and a focus on Level 1 and Level 2 severity and all regulatory (e.g., MRA) issue remediation plans.

• Issue Management and Quality Control: Establish and enhance central, standardized Issue Management capability to improve issue remediation, using project management principles/disciplines beginning at issue identification issues from start to finish.

• Risk and Compliance: Own, strengthen and evolve the quality, completeness, accuracy and global consistency of Finance’s Operational and Compliance Risk and Risk Appetite Programs, including related central controls.

• Line of Defense Engagement: Develop best practices and standardized routines and processes to improve engagement with 2LOD and 3LOD, including establishing central, standardized Audit and Exam coordination capabilities to support stakeholders.

• Governance and Reporting: Enhance and automate Control related information for stakeholders across Finance. Coordinate Finance Business Risk and Control Committee and represent Finance on others, as needed. Ensure senior management and executive level reporting requirements are met, inclusive of Citi Executive Scorecard.

• Stakeholder Management: Build relationships with key stakeholders and enabling functions, including peers and colleagues within and outside of Finance. Promote and foster a culture of end-to-end collaboration and accountability across product, cluster, central and operations controls teams

• People Management: Conduct management responsibilities for multiple teams, including management of people, budgeting and planning, performance evaluation, compensation, hiring, disciplinary actions, etc.

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Cit, 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 others and create accountability with those who fail to maintain these standards

Knowledge, Experience, and Skills

• 20+ years experience in Financial Services with progressively responsible experience and time spent in a role with direct risk, controls, and compliance responsibilities

• Specific operational risk experience is a plus

• Demonstrated ability to understand risk management principles, regulatory frameworks, Operational Processes and Technology systems for the business, as well as direct interaction with regulators, senior management and board

• Strong leadership aptitude with demonstrated change management ability, including setting clear vision/objective and supporting goals to excite, engage and get buy-in from direct and matrix organization and stakeholders

• Strong written and verbal communication skills and able to take complex information and communicate