Personal Banking and Wealth Management (PBWM) is a major business at Citi. The PBWM Strategic Risk Management Lead role sits within the In-Business Franchise Risk Organization, reporting to Head of PBWM Enterprise Risk Management Framework, who reports to Franchise Risk CRO.

The OCC defines Strategic Risk as one of the eight risk categories in its guidance and supervisory process. Strategic Risk is the risk of a sustained impact to the firm’s core strategic objectives as measured by impacts on anticipated earnings, market capitalization, or capital, arising from the external factors affecting the firm’s operating environment as well as the risk associated with defining the strategy and executing the strategy. We are looking for a seasoned leader to build out Strategic Risk Management for PBWM, including identify, measure, monitor, control, and report Strategic Risks.

Responsibilities:

• Lead a seasoned team and responsible for the build out and ongoing Strategic Risk Management for PBWM, partnering closely with key stakeholders in first line (business, finance, other risk management functions) and second line.
• Design effective operating model within PBWM to drive accountability and risk management effectiveness.
• Identify and update business-specific Strategic Risks, perform analytics to measure, monitor and drive management actions to mitigate the risks.
• Conduct annual business-level SWOT analysis (Strength, Weakness, Opportunity, Threat) in partnership with various businesses within PBWM.
• Perform Risk Assessment of the Operating Plan (“the Plan) to identify risks to and from the Strategic and Operating Plan, provide feedback to the development of the Plan and to continue to risk assess the execution of the current year’s plan.
• Propose or provide inputs to define Strategic Risk Appetite including Risk Appetite Statement and metrics with thresholds.
• Manage PBWM Strategic Risk Committee (executive governance committee in which senior principals of the first, second and third lines of defense come together to discuss and provide oversight of strategic risk matters).

Qualifications:

• 15 years of relevant financial risk management or related analytical/technical experience required
• 10 years of people management experience preferred
• Demonstrated experience in leading change, with track record of developing and implementing large scale risk management initiatives to improve business performance and enhance risk management
• Relevant experience in the following areas:
  • Solid Strategic Planning and Capital Planning experience
  • Strong risk management experience especially financial risks (credit and market)
  • Strong understanding of Consumer Bank and Wealth Management Businesses including business model, P&L, competitive landscape…etc.
  • Understanding of Risk Appetite and strong knowledge of Stress Testing
  • Hands on experience of financial planning and analysis and/or consumer analytics (Risk or Marketing)
  • Good understanding and/or experience in risk governance
  • Understanding of technology capability build
  • Relevant consulting experience from a Top Tier firm is a strong plus

Leadership Competencies:

• Capability and experience with establishing strategic vision and driving change to achieve business targets
• Lead by example and ability to inspire trust within the team and with key stakeholders
• Excellent executive level written and verbal communication skills
• Strong interpersonal skills and ability to influence at all levels of management
• Strong intellectual curiosity and analytical skills with ability to guide the team to solve complex problems via practical analyses to enable decision making
• Contributes to a positive work environment; shares knowledge and supports diversity; remains calm and optimistic under pressure
• Demonstrated history of driving change and managing for results

Education:

• Bachelor’s degree required, Master’s degree preferred (MBA or relevant quantitative field)

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