Citigroup Business Risk Senior Group Manager in New York, New York
The Business Risk Senior Group Manager manages multiple teams and is a manager of managers. The role has broad scope and responsibility including management of the InBusiness Risk and Controls team covering new business initiatives; the design and execution of Banking Controls in partnership with the Retail Bank and will lead key In Business Risk & Control partnerships with other functions/lines of businesses (e.g.; Global Wealth In Business Risk & Controls Integration; Consent Order Transformation work; key KYC initiatives; the design of the CWM Monitoring Program, etc.). The role requires an in-depth understanding of Wealth Management and how own sub-functions contribute to achieving the objectives of the organization overall. Role requires a strong understanding of industry trends, direct competitors' products and services and experience in benchmarking and process redesign. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a very senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and functions as an integral Senior member of the In Business Risk & Control and US Citi Wealth leadership team.
Manage team of seasoned leaders who support the key leaders in the business to design and implement effective controls to support out business growth and expansion agenda
Design and execute the Banking Control oversight model in partnership with the Retail Bank.
Leads the In Business & Control agenda and primary point of contact for key large scale cross line of business initiatives (e.g.; Global Wealth Risk, Supervision & Controls Integration; Consent Order Transformation work; key KYC initiatives; Citi US Wealth Call Monitoring program design and execution; Privacy/DNC Management, etc.).
Lead the Risk Assessment of new and existing business products and drive changes when needed.
Monitor industry trends and articulate Citi's position to Senior Management. This includes providing ongoing updates to Business Head, his direct reports that manage functional areas as well as Senior Executives in Compliance, Legal, Investment Product Risk, AML and other core 2nd and 3rd line functions.
Identify new tools, vendors and capabilities to mitigate current Operational, Supervision, AML, Sanctions, Fraud and other potential Regulations and Risks.
Develop strategic vision for future management and mitigation of key InBusiness Risk and Control functions to include re-engineering of work-streams, customer communication and detection capabilities.
The position requires substantial interaction and collaboration with Policy, Operations, and other functional business partners to optimize business needs
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 others and create accountability with those who fail to maintain these standards.
15+ years experience in Financial Services/Wealth Management; experience leading teams required
Experience in leading Analytical, Strategy, Operations, Supervision or Field/Client facing teams preferred
Experience managing teams with broad accountability in a complex environment. Ability to work effectively in a cross-functional organization across multiple geographies, time zones, cultures, etc. Ability to balance strategic priorities with tactical actions. Proven track record and accountability in making quick decisions that have an immediate impact on business financials.
Strong execution track record and demonstrated ability to recruit, develop and retain strong talent.
Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary.
Active FINRA licenses 7, 66, 9&10
- Bachelor’s/University degree or equivalent experience, Masters degree and managerial experience preferred
Job Family Group:
Business Risk & Controls
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