The Risk & Controls Transformation Senior Lead will be responsible for covering one or more program in the Risk Categories Initiative within the Risk & Control Transformation program group and will report to the Risk Categories Transformation Lead. The Risk & Control Transformation program group is part of the CAO organization Regulatory and Cross-Enterprise Transformation team, and is responsible for providing program guidance, review and challenge (quality control) for 18 programs aligned across four initiatives: Enterprise Risk Management, Risk Categories, Controls & Policy Framework, and Data, Technology & Analytics. 

This role will focus on the Risk Categories initiative within the Risk and Controls transformation program group, which is designing and implementing enhanced risk management and control frameworks across Citi. The position involves leading the regulatory transformation and credible challenge of the design and execution of Consent Order action plans for the Risk Categories book of work across Credit (Wholesale and Retail), Price Risk, and First Line Lending business units to drive successful delivery of Consent Order action plans. Of particular importance will be experience and sound technical knowledge of enterprise risk management activities covering Wholesale Credit Risk (WCR), Price Risk, Retail Risk, and Lending Operations. This role will also involve working with the PMO leads of relevant priority programs to update and maintain a current view of the status of each program, a synthesized view of risks, issues and potential solutions and an assessment of any themes that may emerge across programs.

The role will provide exposure to senior sponsors of the priority programs as well as experience with initiatives that are of the highest priority and visibility within the firm. Individuals must be able to work independently, as well as with teams, and be happy working in a dynamic, fast-paced environment with a ‘flat’ organizational structure and a ‘divide and conquer’ approach to distribution of assignments.

Key Responsibilities:

• Partner closely with Risk Categories Program Leads and their teams in First Line and Second Line business units, Internal Audit, and Project Management Offices to independently challenge the validation of key regulatory milestones and deliverables critical to the transformation effort.

• Orchestrate and lead the review and challenge of the regulatory milestone’s validation and remediation effort.

• Review, challenge, and monitor the risk to the progress of one or more of the Risk Categories programs and review and challenge the root cause and path to remediate the risk, if any.

• Collaborate with other Risk & Control Program Group Transformation Leads to ensure program scope and status is aligned with target state regulatory and supervisory expectations, resolve challenges and reduce risk, if any and close identified gaps

• Provide consistent monitoring, escalation, and diligent check and challenge from conception to closure of critical regulatory milestones related to Risk Categories programs.

• Review, support, and facilitate updates and reviews with senior management and regulators. Provide risk/ audit expertise related guidance and support to the Risk Categories Program Leads and their teams to help them execute on regulatory transformation Risk Categories programs.

• Manage and prioritize deliverables based on business needs and identify opportunities to improve efficiencies and drive continuous improvement.

• Ensure all stakeholders are identified and included in audit and regulatory milestone scope definition activities to achieve timely validation of key regulatory milestones. This includes the ability to effectively work with internal audit, risk and control functions, and first line business areas for independent validation of the artifacts and deliverables supporting design and implementation validation of milestones.

• Facilitate cross risk and control transformation program engagement, monitor, track and escalate risk to the Risk Categories Pillar Transformation Lead and appropriate stakeholders in a timely manner; ensure mitigation strategies are developed and executed, when necessary.

• Drive adherence to Risk & Controls Transformation program processes, and standards for and serve as a thought leader across the programs.

• Identify and drive resolution of issues, including those outside established projects of work. Collaborate on reviews of each program’s defined scope, target state, and success criteria to ensure it fully addresses the letter and the spirit of the regulatory feedback, broader supervisory expectations and underlying issues and root causes, and is embedded in a broader strategic vision.

Qualifications

• 10 years of relevant experience preferably in the financial services industry, including Risk Management, Risk Consulting, Internal Audit, or Regulator in a design, execution and/or credible challenge role for risk and control functions, risk categories and first/second line business units.

• Strong leadership skills with a proven track record in driving positive and sustained change as a risk professional, risk auditor, or risk regulator working on large regulatory or strategic cross-functional risk and control transformation initiatives in the financial services industry.

• Risk management, controls, risk governance and capabilities maturity experience preferred along with a strong business understanding of the Citi products and services.

• Demonstrated experience in leading effective cross-functional risk program and stakeholder management including risk managers, business areas and first line control, internal audit, and regulators.

• Track record of managing and reviewing large projects in complex operational environments.

• Sound knowledge of internal audit and regulatory validation of risk management capabilities.

• Ability to work effectively in a cross-functional organization. Ability to balance strategic priorities with tactical actions.

• Demonstrated ability to think strategically and analytically and to creatively problem solve.

• Ability to plan and organize, working well both in a team setting and independently. Good understanding of relevant banking regulation and expectations for large complex financial institutions.

• Well-developed listening skills and a strong ability to engage with colleagues at all levels.

• Articulate and effective communicator, both orally and in writing.

• Strong interpersonal skills, with evidence of working in collaboration across large organizations, including a proactive and 'no surprises' approach in communicating issues/requests/escalations.

Education:

Bachelor’s/University degree required; Master’s degree preferred

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