Cash Securities Settlements – In Business Risk and Control Manager - AVP - Hybrid

Members of the In Business Risk and Control team for Cash Securities Settlements main objective is to drive and foster a culture of risk awareness where inherent risks and the effectiveness of key controls are proactively monitored with concerns identified, assessed and escalated in line with firm policy and risk appetite.

This role within In Business Risk and Control team for Cash Securities Settlements will support the Operations managers in ensuring inherent risks are proactively identified and mitigated with through a robust control framework. Candidates should have a proven settlement/operations background specific international investment banking as well as risk management experience in either 1st 2nd or 3rd line. The position will act in a subject matter expert to ensure operations controls adhere to policies, standards and regulations.  The candidate should be a self-starter with the ability to lead conversations with senior management. The candidates focus will be the NAM operations team may also have to assist the team in global matters.  

Responsibilities:

• Ability to identify and manage risks inherent to the Cash Securities Settlements Business
• 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 behaviour, 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.
• Complete process walkthroughs to identify existing and emerging enterprise-wide risks whilst assessing the Design Effectiveness of key controls
• Manage control issues front to back including identification, root cause analysis, designing strategic solutions to mitigate the inherent risk, overseeing remediation and completing validation to prevent reoccurrence.
• Provide detailed analysis of escalated issues when necessary and recommend actions for resolution
• Propose solutions to implement settlement process improvements, client service enhancements, or overall technology enhancements.
• Advise management on the application of existing and new firm wide policies and standards and ensure management are aware of procedural changes and that these changes are implemented correctly within defined timelines.
• Manage communications with Internal Audit including deliverables, walkthrough requests and issue discussions.
• Support management with ad hoc projects and deliverables to improve the groups oversight of Risk & Control and Issue Management.
• Keep Management aware of the risk and control environment including progress of issues on a timely basis.
• Utilizes strong communication, interpersonal skills to interact with colleagues and stakeholders, and to exchange potentially complex sensitive information, while being sensitive to audience diversity
• Demonstrates an advanced level of understanding of products and processes, and of how duties relate integrate with others in the team and closely related teams.
• Support the development of an effective control framework that fully meets Audit, Compliance and Regulatory requirements.

Qualifications:

• Strong risk and control mindset or understanding of Trade Settlement Lifecycle
• Strong analytical and problem-solving skills with an ability to analyze data, identify trends and evaluate risk scenarios
• Excellent written and verbal communication and interpersonal skills
• Ability to work in a structured, high volume, time sensitive, high risk and demanding environment.
• Working knowledge of Microsoft Suite

Education:

• Bachelor’s Degree or equivalent experience in Settlements or Risk Management (e.g. Operational Risk Management and/or Internal Audit)

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


 

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Job Family Group:

Operations - Transaction Services

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Job Family:

Securities and Derivatives Processing

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Time Type:

Full time

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Primary Location:

Getzville N