Director, Business Risk Group Manager

State Farm Mutual Automobile Insurance Company; New York (NY); On-site; USD 170,000 - 300,000; Full time

Job summary

A leading financial services company is seeking a Business Risk Sr Group Manager in New York. The role involves managing teams, executing functional strategy, and ensuring compliance with regulations, while also providing strategic oversight for risk management. The ideal candidate will have extensive experience in financial services and proven leadership skills.

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Paid time off

Qualifications

• 15+ years experience in financial services.
• Experience leading analytical teams.
• Proven track record in quick decision-making.

Responsibilities

• Lead the Risk Assessment of new and existing business products.
• Monitor industry trends and communicate with Senior Management.
• Identify tools to mitigate fraud and enhance detection capabilities.

Skills

Analytical skills

Communication skills

Leadership

Education

Bachelor's/University degree

Master's degree

Job description

Securities Finance encompasses the Agency Securities Lending (ASL), Directed Agent Investment Services (DAIS), and Collateral products within the Execution Services division of Investor Services. The business partners withinstitutional investorstoenhance their portfolio returns through intrinsic value securities lending, liquidity management, and collateral optimization. Citi's key strengths include unsurpassed global branch network, robust risk management, real-time controls, product innovation, dynamic reporting, and market thought leadership.

The Business Risk Sr Group Manager manages multiple teams through other managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an intergral member of the functional leadership team within a country/site location, job family, or line of business.

Responsibilities:

• Lead the Risk Assessment of new and existing business products and drive changes when needed.

• Monitor industry trends and articulate Citi's position to Senior Management. This includes providing ongoing updates to Chief Risk Officer's, Product Managers and Sr. Management related to Fraud trends, forecast, performance and opportunities.

• Identify new tools, vendors and capabilities to mitigate current fraud and anticipated changes/shifts in fraud tactics.

• Develop strategic vision for future management and mitigation of fraud to include re-engineering of work-streams, customer communication and detection capabilities.

• The position requires substantial interaction and collaboration with Policy, Operations, and other functional business partners to optimize Fraud needs

• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 15+ years experience in financial services; experience leading analytical teams is required, including managerial experience.

• Securities Lending and/or Collateral product knowledge preferred.

• Experience managing teams with broad accountability in a complex environment. Ability to work effectively in a cross-functional organization Ability to balance strategic priorities with tactical actions Proven track record and accountability in making quick decision that have an immediate impact on business financials.

• Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary.

Education:

• Bachelor's/University degree or equivalent experience, potentially Masters degree and managerial experience

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Control

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$170,000.00 - $300,000.00

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Jun 11, 2025

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