SVP Finance CRO CAO Team - Internal Controls (Hybrid)

The Finance Chief Risk Office (CRO) team provides risk management oversight of the Finance function, including effective risk challenge and mitigation of risk for capital, liquidity and interest rate risks, Treasury investments, and private equity investments, and ensures compliance with all risk-related regulatory requirements. The Finance CRO Chief Administrative Office (CAO) team is responsible for execution, governance, and control oversight of FinCRO, including: (i) regulatory and audit communications; (ii) transformation agenda; (iii) policies, supporting standards and procedures, and training; (iv) reporting to Board and committees; (v) internal controls; and (vi) employee engagement across the Finance CRO organization.

Key Responsibilities

• Responsible for designing and implementing a comprehensive and robust Managers Control Self-Assessment (MCA), also known as Risk and Control Self-Assessment (RCSA), and the execution of control activities thus improving identification and remediation of significant control issues in a timely manner.
• Responsible for supporting development, design, and implementation of controls programs, and providing review and guidance on robust controls design adhering to Citi’s Policies, Standards, and Frameworks.
• Proactively identify and drive controls enhancements such as automation, standardization and rationalization including transformation execution activities. Includes 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.
• Responsible for the assessment of outcomes from control activities and processes against conformance with applicable requirements to strengthen risk management quality. This includes supporting and oversight of development and execution of Monitoring and Testing for controls, such as control design assessment, control operational effectiveness testing, and execution of monitoring/testing tools to assess the effectiveness of key controls designed to address defined risks.
• Support with developing standard risk and controls reporting to ensure sound, reliable, consistent information exists across the Finance CRO to enable better management and decision-making in line with the expectations of senior management, Board, and the Regulators. Provide data analysis, governance, end to end management and oversight for Governance Committees in adherence to Citi’s Policies, Standards and Procedures enabling proactive management of the risk and control environment.
• Drive the continuous review, monitoring, and improvement of control processes and streamline control design to ensure consistency across Finance CRO.
• Support MCA transformation efforts and activities primarily focusing on risk identification and management. Ensure issues are opened to address control deficiencies identified, drive risk escalation process where controls cannot be enhanced.
• Understand the drivers behind control performance and facilitate standardization of Processes, Risks, Controls and Monitoring Tools (PRCM) within the team.
• Monitor the new KRI/KPI Metrics and create data analytics dashboards to track metrics and progress, escalating to senior management as required.
• Acts as SME to senior stakeholders and /or other team members. Coordinate collation and production of materials for relevant governance forums.
• Build a strong understanding of core controls platforms, including, but not limited to MCA and Integrated Corrective Action Plan System (iCAPS).

This role will provide the candidate with the opportunity to develop solid understanding of the Finance CRO organization, to contribute to the definition and roll-out of solutions aimed at mitigating operational risk, and to build relationships with key stakeholders in regional and functional units.

Qualifications

• 8 years or relevant experience in financial services industry.
• Risk, Finance, Operational Risk, Controls experience preferred.  Project Management experience a plus.
• Familiarity with Citi’s MCA and iCAPS is highly preferred.
• Exceptionally strong interpersonal and people management skills and ability to interact with all levels of management particularly at the Director and Managing Director level.
• Excellent planning and task management skills; ability to see the bigger picture as well as maintain strong focus on day-to-day execution.
• Excellent communication and interpersonal skills, willingness, and ability to work across all levels of organization.
• Ability to influence teams, with non-direct reporting lines, including teams comprised of senior managers.
• Quick learner, with ability to understand complex requirements and