Vice President - Business Risk and Controls Officer

United States Citigroup; Dubai; On-site; USD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a Vice President - Business Risk and Controls Officer to lead the design and enhancement of a comprehensive controls program. This pivotal role involves assessing existing controls, collaborating with stakeholders to manage risks, and ensuring compliance with regulatory standards. The ideal candidate will possess a strong background in operational risk management within the financial services sector, showcasing exceptional analytical, communication, and decision-making skills. Join a dynamic team where your expertise will significantly contribute to safeguarding the organization and its clients while driving operational excellence.

Qualifications

• 6-10 years of experience in operational risk management or compliance.
• Strong analytical and problem-solving skills to manage risks.

Responsibilities

• Support the design and development of comprehensive controls programs.
• Drive enhancements to controls focused on efficiency and risk reduction.

Skills

Operational Risk Management

Compliance

Audit

Analytical Skills

Problem-Solving

Communication Skills

Decision-Making

Risk Assessment

Education

Bachelor's/University Degree

Master's Degree

Tools

Microsoft Office Suite

Excel

PowerPoint

Word

Job description

Vice President - Business Risk and Controls Officer

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

Responsibilities:

• Support the design and development of Citi's comprehensive controls program.
• Support assessment of the effectiveness of existing controls, identifying areas for improvement, and helping to implement necessary changes.
• Continually drive and manage controls enhancements focused on increasing efficiency and reducing risk.
• Help coordinate with key stakeholders and relevant process owners to drive management decisions aimed at maintaining operations within the firm’s Risk Appetite.
• Support the assessment for the business/function risk appetite in line with changes in the business environment, regulatory requirements, and strategic objectives.
• Help collaborate with key stakeholders to assess potential risks and develop risk mitigation activities to define the acceptable level of risk across various areas of operation.
• Help to drive execution of Enterprise Risk Management Framework and adherence with Risk Management/Compliance Policies.
• Help collaborate with business and functions to understand the control processes and identify potential areas for improvement.
• Stay updated on regulatory changes and industry best practices related to control management and ensure the controls program aligns with these standards.
• Support providing regular updates to senior management on the performance of the controls assessment and design.
• 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.
• Effectively supervise the activity of teams and create accountability with those who fail to maintain these standards.

Partner with business and related functions in the coordination of internal audits and regulatory reviews and provide necessary support with audit and examination deliverables, tracking of engagements, monitoring of issues and CAPs raised as part of the audit process, ensuring coverage for Digital and Data management.

Qualifications:

• Minimum of 6-10 years of experience in operational risk management, compliance, audit, or other control-related functions in the financial services industry.
• Ability to identify, measure, and manage key risks and controls.
• Strong knowledge in the development and execution for controls.
• Proven experience in control related functions in the financial industry.
• Proven experience in implementing sustainable solutions and improving processes.
• Understanding of compliance laws, rules, regulations, and best practices.
• Understanding of Citi’s Policies, Standards, and Procedures.
• Strong analytical skills to evaluate complex risk and control activities and processes.
• Strong verbal and written communication skills, with a demonstrated ability to engage at the senior management level.
• Strong problem-solving and decision-making skills.
• Ability to manage multiple tasks and priorities.
• Proficiency in Microsoft Office suite, particularly Excel, PowerPoint, and Word.

Education:

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