Business Risk & Controls Officer C13 [US]

We are seeking a high-performing, highly motivated professional with a background in risk and controls to help us effectively manage risks for Institutional Client Management (ICM) function within Citi’s Client organization.  This is an exciting opportunity for a practically minded professional with a strong control mindset who has keen interest in growing professionally.

The Client organization was established to drive enterprise-wide approach to client coverage, identifying and filling in gaps or reducing duplication to ensure consistency throughout the firm. Additionally, it plays a leading role coordinating the allocation of capital and other financial, technology and human resources towards the client segments with the best returns potential. Finally, it is responsible for wholesale credit and counterparty risk processes for the firm, managed by the ICM organization.

The Business Controls Manager will be part of a growing Client CAO Controls function reporting into the Global ICM Controls Head. A successful candidate will have a focus on identification of risks and issues, followed by development of strategic solutions to address them and will have an opportunity to re-shape and streamline controls processes to align with a future state of firm’s controls environment. A successful candidate will be responsible for monitoring ICM compliance with internal and external regulations and providing support in its interpretation and implementation. Person in the role will be representing ICM risk and controls function in interactions with business aligned teams, will interface with 2nd and 3rd line of defense stakeholders and will interact with peer groups within the Client CAO function.

The Business Risk Manager accomplishes results through the management of professional team(s) and department(s). Integrates subject matter and industry expertise within a defined area. Contributes to standards around which others will operate. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the entire function. Requires basic commercial awareness. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Has responsibility for volume, quality, timeliness and delivery of end results of an area. May have responsibility for planning, budgeting and policy formulation within area of expertise. Involved in short-term planning resource planning. Full management responsibility of a team, which may include management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary and terminations and may include budget approval.

Responsibilities:

• Accomplishes results through the management of professional team(s) and department(s).
• Integrates subject matter and industry expertise within a defined area.
• Contributes to standards around which others will operate.
• Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the entire function.
• Requires basic commercial awareness.
• Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers.
• Partners with the team on all new or modified processes to review through the appropriate governance routines and launch with adequate controls which can be monitored and reported.
• Ensures internal reviews and external examinations are well managed with clearly evidenced controls.
• Provided support of assigned business area by attending and participating in business meeting routines to provide control related updates to the team and learn about any new initiatives the team will need to support.
• Proactively identifies emerging risks and assists the control team with resolving control gaps and issues and helps to create corrective action plans, inclusive of root cause identification and resolution.
• Ad hoc control / audit related requests as needed.
• Serve as partner on Manager Control Assessment (MCA) Quarterly Risk Assessment and the Annual Risk Assessment process.
• Actively focus on process improvement, creating efficiencies, and ensuring proactive approach and partnership to audit management
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Acts as SME to senior stakeholders and /or other team members.
• Ability to manage teams. 
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation