New Activity Risk Management Lead Analyst - VP

Citigroup Inc.; Belfast; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Citi is seeking a New Activity Risk Manager to join their team in Belfast. This role involves oversight of compliance with risk management practices, engaging in new product evaluations, and collaborating with multiple business units. As part of a global institution, you will have the opportunity to develop technical skills and manage diverse risks while contributing to the effective governance of Citi's operations.

Benefits

Generous holiday allowance starting at 27 days plus bank holidays

Discretional annual performance related bonus

Private medical insurance

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special discounts for employees, family, and friends

Access to learning and development resources

Qualifications

• Strong understanding of Risk Management practices.
• Experience in project management within a financial institution.
• Ability to communicate complex concepts effectively.

Responsibilities

• Provide second line of defense oversight for compliance with PPL and PMM.
• Investigate PPL and PMM exceptions and determine remediation actions.
• Develop and deliver presentations on key transformation initiatives.

Skills

Risk Management

Quantitative Skills

Communication

Collaboration

Project Management

Education

Bachelor's Degree

Advanced Degree in Business, Finance, Law, or Economics

Job description

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience with thorough understanding of different risk types to our New Activity Risk Management team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Role / Team Overview:

New Activity Risk Management is a part of the Enterprise Risk Management organization responsible for the design and implementation of firm-wide frameworks and practices that are integral and fundamental to Risk Management within Citi. The New Activity Approval Process is integral to Citi’s Risk Governance, providing robust diligence, review, and approvals for new or modified products, services, and capabilities, ensuring appropriate ongoing controls.

Citi’s New Activity Approval process ensures that all new or modified products, services, capabilities, expense management initiatives and operating model changes undergo a rigorous, consistent reviews and approvals to mitigate risks to Citi and its clients.

The New Activity Risk Manager is a member of the Permitted Product List (PPL) Management Team, which is part of the New Activity Risk Management function and provides second line of defense oversight of the products, models and attributes each trading desk is permitted to trade. The New Activity Risk Manager also supports transformation initiatives to further simplify and strengthen the existing PPL control framework.

This will involve collaborating effectively across multiple business units and functions. New Activity Risk Management offers an efficient process and software for risks and controls to be evaluated in the presence of the business, risk, and other functions.

What you’ll do:

• Provide second line of defense oversight and monitor compliance with the Permitted Product List (PPL) and Product Market Model (PMM) combinations.
• Investigate potential PPL and PMM exceptions and determine the appropriate remediation actions working with relevant Front Line Unit managers, Independent Risk Management and enterprise support functions.
• Advice and provide on-going support to business managers and control function representatives in relation to Permitted Products and the control processes governing them.
• Develop and deliver presentations on key transformation initiatives and key control performance metrics of PPL and PMM information to Citi's senior management, external auditors and regulators.
• Support the New Activity Approval process, Product Risk Rating, Ongoing Monitory and Product Taxonomy Adoption.
• Drive the successful and timely completion of projects/milestones to achieve business goals, which may include deriving efficiencies through simplification and streamlining of processes.
• Implement global policies and standards in the new activity space, ensuring alignment to the Risk Governance Framework, Risk Appetite, and regulatory expectations.
• Ensure adherence to the new activity related requirements of the primary regional regulators as applicable.

What we’ll need from you:

• Solid relevant experience with strong understanding of Risk Management practices.
• Markets/Investment banking business at organizations of similar complexity maturity.
• Risk management background covering market, credit and operational risk, including risk controls and risk frameworks.
• Experience in project management, and large-scale processes in a financial institution.
• Excellent written and oral communications skills, with the ability to effectively communicate complex concepts, translate into ‘user friendly’ language and effectively present in text or slide format.
• Strong quantitative skills, particularly around statistics and strong attention to detail.
• Proven ability to partner and collaborate across the Firm, excellent influencing, facilitation, and partnering skills, with the ability to build relationships, partner effectively and build a strong internal network across functions and throughout the global Risk organization.
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
• Bachelor’s Degree required, advanced degree in business, finance, law, or economics beneficial.

What we can offer you:

• The role gives unique visibility into new product and service initiatives, operating model changes and capabilities across the region and the firm and offers insights into the risk management of these proposals.
• It also provides opportunities to: Develop technical skills and manage diverse risks (credit, market, operational, finance, compliance, legal, reputation, tax, accounting policy, human resources and more).
• Gain exposure to various stakeholders, including senior leadership, business and control functions.
• Grow your product knowledge exponentially.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi Belfast, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-TM3

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Job Family Group:

Risk Management

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Job Family:

New Activity Risk

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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