An individual in Enterprise Risk Management plays a critical role in managing the bank's diverse risks, particularly those related to financial crime, to ensure financial stability and sustained growth. This integral role within the bank requires a deep understanding of banking operations and the broader business landscape to ensure operations are within a defined risk appetite and contribute to the overall objectives of the bank.

Individuals responsible for In-business Risk Management oversee risk identification, assessment, measurement, monitoring, and reporting. They design and implement risk mitigation actions and focus on managing one or more risks in support of business activities, with a keen awareness of their impact on financial crime prevention and detection efforts.

Professionals in Enterprise Risk Management are entrusted with providing a comprehensive view of risk management which enables the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's success.

Responsibilities:

• Monitor the business changes and predict possible risk scenarios, including emerging financial crime typologies and regulatory changes impacting banking operations.
• Design and lead projects to execute control enhancements over processes, specifically to combat financial crime risks and strengthen compliance within the banking environment.
• Document processes developed, actions taken, and track matters to ensure resolution.
• Collaborate with ICRM regularly to ensure correct interpretation and application of requirements, especially those pertaining to financial crime regulations such as AML, Sanctions, and ABC.
• Assess potential modifications to compliance policies, contemplate their effects, and collaborate with significant parties to ensure effective implementation across business lines.
• Liaise with Compliance Assurance and Internal Audit to facilitate resolution of any issues identified.
• Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans.
• Prepare presentations to update senior management and various governance committees on developments, emerging risks, control issues, and enhancements.
• Assist the Business in key policy adherence and monitoring.
• Update and maintain a robust Manager’s Control Assessment (MCA) in compliance with the Citi’s Risk Policy.
• Creates a highly resilient organization in which people persist through challenges, transparently communicate and own mistakes, and actively apply learnings to make Citi better.
• Fosters a culture that rewards teams to pursue breakthrough ideas and improve business results; proactively invests resources in innovation initiatives.
• Creates a culture that strongly encourages teams to prioritize enterprise success over individual agendas and do the right thing for the organization.
• Boldly creates focus by aligning critical priorities across businesses, functions, and regions; eliminates nonessential work that could distract the organization from executing key priorities.
• Champions innovative ways to manage risk through streamlining processes and building common methods, especially in the context of financial crime prevention and business efficiency.
• Energizes and reinforces an ethical environment where doing the right thing for clients and Citi is expected in every decision and action.
• Establishes a culture where teams actively cultivate collaborative partnerships across organizational boundaries; creates synergies that deliver added value for Citi.
• Proactively implements systemic solutions to promote the well-being and engagement of all employees; embodies work-life balance through their words and actions and actively encourages others to do the same.
• Leads efforts to position Citi as an attractive place to work for diverse communities; cultivates an inclusive culture in which all individuals are valued and feel a strong sense of belonging.

Qualifications:

• Extensive experience in Operational Risk Management, Audit, Compliance, or other control function, with a strong focus on Financial Crime prevention and detection
• Demonstrable experience within the banking and financial services industry, possessing a strong understanding of financial products, services, and business models.
• Experience in assessing risks and evaluating controls in collaboration with various teams, specifically financial crime risks within banking operations.
• Proven ability to design and lead projects to enhance processes.
• Knowledge of evolving financial crime regulatory requirements and their impacts.
• Expertise in maintaining a robust Manager’s Control Assessment (MCA) in compliance with risk policies.
• Proficiency in applying requirements and implementing compliance policies, especially those pertaining to Anti-Money Laundering (AML), Sanctions, and Anti-Bribery and Corruption (ABC).
• Experience in liaising with Compliance Assurance and Internal Audit for issue resolution.
• Ability to maintain oversight through metrics review and corrective action plans tracking.
• Proven ability in preparing presentations on developments and emerging risks for senior management.
• Experience serving as a primary contact for audit groups.
• Risk management skills for facilitating committee meetings and assessing financial crime compliance risks.
• Expertise in risk identification, assessment, and mitigation, informed by the latest field
• Strong leadership and ethical financial management skills, with a knack for creative problem-solving.
• Ability to evaluate risks and manage control issue reporting, with responsibility over technical strategy.
• Effective communication skills for stakeholder liaison, alignment, and strategic drive.

Education: 

Bachelor's/University degree, Master's degree preferred