Risk and Controls/Quality Assurance Lead | London, UK

Citi; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Risk and Controls/Quality Assurance Lead to oversee QA functions and drive accountability across teams. This pivotal role involves managing QA reviews, ensuring adherence to procedures, and supporting remediation efforts for high-severity issues. The ideal candidate will possess strong risk management expertise, exceptional communication skills, and a passion for continuous improvement. Join a dynamic team that values innovation and collaboration, providing you with a platform to make a significant impact while enjoying a hybrid working model and a comprehensive benefits package.

Benefits

27 days annual leave

Discretionary annual performance-related bonus

Private Medical Care

Life Insurance

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special discounts for employees, family, and friends

Access to learning and development resources

Qualifications

• Strong experience in risk and control/audit supervision.
• In-depth expertise in data and technology processes.
• Ability to demonstrate critical thinking and solutioning.

Responsibilities

• Manage and supervise QA portfolio to ensure quality execution.
• Design and lead QA reviews for independent assurance.
• Monitor remediation progress and support issue closure.

Skills

Risk and Control

Quality Assurance

Data Remediation

Critical Thinking

Communication Skills

Education

Bachelor's Degree

Master's Degree

Job description

Risk and Controls/Quality Assurance Lead

Risk and Controls/Quality Assurance Lead

Overview
Citi is a world-leading global bank. We have approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. We provide consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. We enable clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

The Team
Technology & Business Enablement (T&BE) empowers Citi to achieve its day-to-day operational and long-term growth goals, enabling execution of Citi's strategy by providing technical solutions and infrastructure across the firm.

T&BE is responsible for the technology and infrastructure colleagues use, defending the firm from cyber-attacks, and processing every loan, transaction, trade, and customer request that comes into the firm.Our teams re-engineer the client and partner experience to deliver excellence through secure, reliable and controlled services, focused on making Citi a simpler bank that is easier to work and do business with. Another critical component of T&BE is the Enterprise Data Office which is responsible for overseeing Citi's Data strategy and implementation. This includes driving consistent standards and capabilities for enterprise data management.

Within T&BE, the Chief Operating Office (T&BE COO) drives a strong focus on risk and controls, compliance and value across T&BE organization and oversees Controls, Analytics and Decision Management, Quality Assurance, Regulatory Management, Data and Transformation for Technology, as well as Business Execution for our Technology, and Foundational Services functions.

The T&BE Quality Assurance (QA) function sits within T&BE COO organization and is responsible to provide independent and objective assessment on the effectiveness, quality and timeliness of the remediation of high severity issues and Transformation regulatory commitments across T&BE globally. This is a senior role reporting to the Data Quality Assurance Director based in either New York or London.

Key Responsibilities:

• Manage, deliver, and supervise assigned QA portfolio to ensure on-time and quality execution of QA reviews in conformance with QA procedure. Review and ensure quality and concise QA workpapers and traceability matrix documentation. Ensure QA workflow tool is updated with accurate and complete information.
• Design and lead QA reviews/assessments to provide independent assurance/check and challenge on the design and operating effectiveness and sustainability of the remedial actions (controls / one-time remediations) implemented to address high severity issues/Transformation regulatory comments at a global or regional level.
• Support high severity issue and Transformation regulatory commitment owners towards effective and on-time remediation.
• When new issues are identified, support issue owner in defining the corrective action plans to ensure they collectively suffice to address the issue intent and underlying root cause.
• Monitor progress of the remediation of issues within QA scope and support issue owner during issue validation period towards successful closure of the issue.
• Support Data QA Director (QAD) in fostering a strong partnership across T&BE, Data, Global Business Risk and Controls, 2nd, and 3rd line functions to drive accountability and ownership to deliver on remediation activities.
• Support QA management to escalate concerns timely, consistently and at the right levels by contributing to senior management reporting. Escalate early any concerns/observations to Data QAD and senior management in a timely manner and proactively assist senior stakeholders to identify solutions.
• Contribute to continued improvement in QA strategy, procedure, and coverage through the delivery of QA products. Support and lead improvement initiatives to improve the quality and efficiency of the function.
• Support Data QAD to effectively plan and manage allocated resources and budgeted hours for the portfolio. Act as a mentor/coach to respective team members and provide training to QA team members as required.
• Draft weekly status reporting in QA workflow tool and QA Clearance/Non-objection memo for Data QAD to review and approve in a timely manner.
• Assist Data QAD on day-to-day basis with ad-hoc projects, and review of QA internal and external deliverables.
• This is a global role involving interaction with stakeholders across APAC, EMEA and NAM. Work timings accordingly will remain flexible.

Qualifications:

• Strong experience in risk and control/ audit supervision, quality assurance / control and monitoring processes.
• In-depth subject matter expertise of Data and technology processes and risks.
• Experience in data remediation activities.
• Ability to demonstrate critical thinking and lean towards solutioning.
• Meaningful knowledge of the risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
• Experience working horizontally across an organization and participating in enterprise-wide implementations of major policy and relevant risk programs.
• Broad understanding of relevant banking regulation and supervisory expectations for large complex financial institutions.
• Well-developed listening skills and a strong ability to engage at the executive management level by providing proactive support and advice on a variety of risk matters.
• Superior oral and written communication skills, and in particular ability to assess and contribute to the content of key risk and control reporting and provide clear, timely and concise status updates to senior management.
• Strong ability to engage at the senior management level and demonstrated communication experience at different levels of organization.

Education:

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

What we'll provide you:
By joining Citi London, 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:

• 27 days annual leave (plus bank holidays)
• A discretional annual performance related bonus
• Private Medical Care & Life Insurance
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources

Visit ourGlobal Benefitspage to learn more.

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.
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Job Family Group:
Risk Management ------------------------------------------------------
Job Family:
Business Risk & Control ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 .

View Citi's EEO Policy Statement and the Know Your Rights poster.

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