Cross-disciplinary Controls Principal

Citigroup Inc.; City of Westminster; On-site; GBP 70,000 - 100,000; Full time

Job summary

A global financial services company based in the United Kingdom is seeking a Risk Lead for their Movement of Funds strategy within Markets Operations. The successful candidate will establish strategic risk oversight and governance frameworks, collaborate with various stakeholders, and ensure compliance with banking regulations. Ideal applicants should have significant operational risk experience, strong communication skills, and a leadership background preferred. This role offers opportunities for career growth and impactful contributions.

Benefits

Career growth opportunities

Community engagement initiatives

Qualifications

• Significant experience in operational risk activities within the financial industry, particularly in Markets.
• Experience collaborating with multiple stakeholders across various teams.
• Deep understanding of Citi policies and relevant regulations.

Responsibilities

• Determine strategic risk oversight framework for Markets Operations.
• Drive strategic risk remediation initiatives in Payments Transformation.
• Deliver risk oversight and governance framework for payments controls.
• Implement guidelines in line with MCA oversight requirements.
• Support audit reviews for manual payments and LAPC.
• Assess risk in business decisions, ensuring compliance with applicable laws.

Skills

Operational risk management

Stakeholder collaboration

Strong communication skills

Knowledge of banking systems

Leadership

Analytical skills

Education

Bachelor's degree or equivalent

Master’s degree preferred

Job description

Our Markets Operations COO team builds, supports and delivers the infrastructure, security and operational elements that empower Citi to pursue our mission of enabling growth and economic progress. Our teams are embedded in the functions and businesses to deliver the optimal tools and environments, allowing Citi to be the best for our clients. The Control Solutions & Risk Remediation Team supports broad Cross Operational Issue Management resolution stemming from both Internal Citi self-identified, Internal Audit and Regulatory driven initiatives. We construct, uplift and deliver appropriate control frameworks and risk driven solutions to ensure the safety and soundness of our Operational environment. This role is the Risk lead for our Movement of Funds strategy across Markets Operations and will be responsible for determining the strategic risk oversight requirements as we develop and roll out our Target Operating Model for managing payments and other movement of fund's activities across Global Markets Operations. The role will work closely with the Payments Lead/ Sponsor and Program Execution Lead from Markets Operations and will require engagement and interaction with our second- and third-line partners.

Responsibilities

• Determine the strategic risk oversight control framework required to support the delivery of the Markets Operations Movement of funds target operating model, and support the set up and adoption across the global Markets Operations teams
• Drive the delivery of current and future strategic risk remediation initiatives aligned with Payments Transformation
• Deliver a robust payments and movement of funds risk oversight and governance framework, supporting the BAU payments controls processes for manually initiated payments, movement of funds and the LAPC (Large Anomalous Payment Control) including chairing key governance forums
• Set the standards and implement guidelines and controls in line with Policy and MCA oversight requirements for Markets Operations, including the determining and monitoring of key risk indicators
• Support Markets Operations teams with Audit reviews and questions relating to manual payments and the Large Anomalous Payments Control
• Provide risk input into the payments Design Authority, determining the strategic control design requirements for payment / movement of funds processes and partnering with technology to ensure these are embedded in our strategic payment's architecture
• Partner with Central Payments control team on the future development of the Enterprise LAPC control, determining and assessing risk benefits of centralised control infrastructure
• Embed a strong Controls and Compliance culture, develop and roll out specific payments/ movement of funds training for Market Operations
• Appropriately assess risk in the business decisions made, demonstrating 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Where required, manage team performance, provide coaching and guidance to team members for individual career progression and team development
• Deliver on all goals including Financial, Client Service, Culture & People and Risk & Control, and support the delivery of Markets Operations COO goals

Qualifications

• Must have significant experience in the financial industry supporting operational risk activities, most especially focused on the Markets business, payments and movement of funds
• Experience successfully collaborating with multiple stakeholders across the Markets business, and broader Citi Enterprise Risk Management and Operations, Technology teams
• Excellent communication and stakeholder management skills, with the ability to communicate to a range of audiences and facilitate discussions.
• Have strong knowledge about banking systems and procedures
• Have a deep understanding of Citi policies, Compliance and other relevant regulations
• Have experience in leading a diverse and dynamic team
• Have a Service and Solutions oriented mindset, with exceptional analytical skills
• Bachelor's/University degree or equivalent experience. Master’s degree preferred, Analytical Thinking, Business Acumen, Communication, Constructive Debate, Controls Assessment, Controls Lifecycle, Escalation Management, Issue Management, Risk Management, Stakeholder Management.

Benefits

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.