RISK MANAGER

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com Citi Inc. and its subsidiaries ("Citi") are equal opportunity employers M/F/D/V and do not discriminate on the basis of any legally protected status or characteristic.Role DescriptionThe Operational Risk Manager and Control officer will be based in the AIS department within Securities and Fund Services. He/She will report to the AIS Business Head and matrix to the North America Head of Operational Risk and Control. He/She will partner with various AIS departments and become familiar with the overall businesses strategy. He/She will also be responsible for evaluating product-based controls in the AIS space and recommending changes where necessary. As a senior resource, she/he will be responsible for end-to-end program implementation for all operational risk and control areas, monitoring, reporting and managing people. The coverage for this role includes NY/NJ, Massachusetts, California, Bermuda and the Cayman Islands. The essential skills required cover product knowledge, leadership & operational skills and project management besides being a great communicator.  ResponsibilitiesCAP Tracking & ReportingExecutes a pre-established process to identify, document and track corrective action plans and report on the CAP status to local, regional and global senior managers.COBResponsible for the continuity plan for the business.  Ensure all aspects of the business are identified, that a cob plan exists for each section of the business and that the recovery location and time are suitable for the level of risk within the business.  Responsible for testing the different aspects of the COB plan at different points in the year to be compliant with governing policy and to ensure effective Plan.Fraud ManagementResponsible for communicating Citi’s fraud management strategy to all managers within the business. Also responsible for tracking, reporting and liasioning with GTS Business Unit Fraud Officer, HR and CSIS on any incidents of fraud.Information SecurityCover the Information Security requirements for the Business.  Ensure that the business is compliant with all relevant Info Sec policies.  Operational LossesResponsible for decision on write offs of operational losses within the business and reporting these write offs via established Citi systems after proper approval. Also responsible for root cause analysis on the write offs and corrective actions against the root causes.RCSA ImplementationEvaluate the business to identify and highlight all related risks to the business. Create controls for all key risks within the business. Design, Implement and maintain the RCSA matrix(s) within the business and ensure its proper execution to mitigate risk.ReviewsResponsible for coordinating internal and external reviews of the business to ensure proper optimization of review teams. Also should participate in peer reviews of other business units to gain a broader understanding of the peer review process.Training  & AwarenessEstablish a process to communicate training needs from the business managers to Op Risk units and to ensure training for all areas of op risk is adequately addressed. Should develop an awareness campaign for all employees in the business on various op risk areas and execute on this strategy.   Undergraduate degree required. Preference for either a Business/Finance/Economics or a technical degree. Masters degree or an MBA would be a plus. Permanent work experience of at least 8+ years in Risk or Project Management required. Superior leadership, management oral and written communication skills. Self-starter with the ability to work within and across teams/locations to accomplish goals in a timely manner. Knowledge of MS Office tools, Excellent PC skills A basic understanding of the financial services industry specially Alternative Investments and Private Equity as well as Operational Risk Management is a prerequisite to this role. Should be eligible to work in the USA – Citizen or Permanent Resident.