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Citigroup Head of PBWM Risk Monitoring and Assessments - Hybrid in New York, New York

Personal Banking and Wealth Management (PBWM) is a major business at Citi. The In-Business Franchise Risk Organization within PBWM is responsible for development and implementation of key Enterprise Risk Management programs and Financial Risk Management for PBWM. The In-Business Franchise Risk Officer reports to the CEO of PBWM.

One of the groups within In-Business Franchise Risk Organization is Enterprise Risk Management Framework. This group is responsible for development and implementation of key Enterprise Risk management programs including Risk Identification and Risk Appetite.

Reporting to Head of Enterprise Risk Management Framework is Head of PBWM Risk Monitoring and Assessments. This individual is responsible for development and implementation of robust risk monitoring and risk assessments in partnership with key stakeholders in the business and second line of defense risk management.

Responsibilities:

  • Lead a seasoned team and responsible for the Risk Monitoring and Assessments focusing on Risk Appetite and Risk Assessment of the Operating Plan

  • Responsible for risk appetite limit and thresholds monitoring and breach management (confirm, notify, design and implement remediation plans)

  • Drive quarterly risk appetite assessments, consisting of both quantitative and qualitative components to determine whether the risk profile is within approved risk appetite.

  • Synthesize assessment results across risk stripes (financial and non-financial) to meaning and relevant information that drives management action

  • Design and enhance Risk Assessment of the Operating Plan and perform the assessment on an annual basis of the plan and on quarterly basis of the execution of the plan.

  • Manage and monitor executive scorecard risk management metrics

  • Rationalize and streamline risk assessments with clear objectives, outcomes and management actions.

  • Lead project for the business to comply with the firm’s new Limit & Threshold Management Framework Policy and Key Risk Indicator Standard

  • Responsible for designing business use cases for Enterprise Risk Management Portal (digital solution for Enterprise Risk Management)

Qualifications:

  • 15+ years of financial industry experience including risk management and financial planning and analysis

  • 10+ years of people management experience preferred

  • Demonstrated experience in leading change, with track record of developing and implementing large scale risk management initiatives to improve business performance and enhance risk management

  • Relevant experience in the following areas:

  • Credit risk management (e.g. wholesale credit, retail credit)

  • Non-Financial risk management (e.g. Operational, Compliance)

  • Strong knowledge of Financial Planning and Analysis

  • Experience in consumer bank and/or wealth management business

  • Strong knowledge of Risk Appetite & Regulatory Expectations

  • Solid experience in Risk Assessment & Limit Monitoring

  • Good understanding and/or experience in Risk governance

  • Solid experience in working with technology to drive useful solutions

  • Relevant consulting experience from a top firm is a strong plus

Leadership Competencies:

  • Capability and experience with establishing strategic vision and driving change to achieve business targets

  • Lead by example and ability to inspire trust within the team and with key stakeholders

  • Excellent executive level written and verbal communication skills

  • Strong interpersonal skills and ability to influence at all levels of management

  • Strong analytical skills with ability to guide the team to solve complex problems via practical analyses to enable decision making

  • Contributes to a positive work environment; shares knowledge and supports diversity; remains calm and optimistic under pressure

  • Demonstrated history of driving change and managing for results

Education:

  • Bachelor’s degree required, Master’s degree preferred and MBA from a top tier school desired.

Job Family Group:

Risk Management


Job Family:

Risk Policy


Time Type:

Full time


Primary Location:

New York New York United States


Primary Location Salary Range:

$170,000.00 - $300,000.00


Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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