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TTS Global Sales In Business Operational Risk Head - SVP

Company: Citi
Location: Pinellas Park
Posted on: May 15, 2022

Job Description:

Citi's Treasury and Trade Solutions (TTS), a division of Citigroup's Institutional Clients Group, offers integrated cash management and trade services and finance to multinational corporations, financial institutions and public sector organizations around the world. TTS has the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms. The business continues to lead the way in offering the industry's most comprehensive range of digitally enabled cash management, payments, receivables, liquidity management and investment services, working capital solutions, commercial card programs, and trade finance.The TTS Global Sales organization is responsible for driving the TTS growth strategy through client relationship management, generation of incremental client revenue and profitability, and driving the client experience agenda. -The Sales organization cover three primary client segments - 1) Corporate and Public Sector, 2) Financial Institutions, and 3) eCommerce clients - -Overall objective for this position is to manage and mitigate operational, compliance and regulatory risks, and executing risk and control responsibilities across all three Sales Client Segments as a First Line of Defense function. -The Sales In Business Operational Risk Head has the responsibility to work in partnership with all areas in TTS plus functional partners inclusive of 2nd and 3rd line of defense. -Responsibilities:Represent the Sales organization on risk and control matters to maintain oversight over emerging and existing key risks, issues, control weaknesses, control processes, corrective actions, control validations, and control enhancement initiatives.

  • Participate in relevant risk and control committees, management meetings, and forums (e.g. Business Risk, Compliance, and Control (BRCC) committee, AML BGC, Sanctions meetings, Legal Vehicle Governance Committees, MCA committees, Operational Risk Metrics committee etc.) to represent the risk and control aspects for the global sales group.Risk Identification, Analysis, and Management:
    • Work with sales teams to identify, quantify, prioritize, and report key risks and vulnerabilities and document lessons learned reports. -
    • Provide specialist risk and control advice and guidance.
    • Lead and support the root cause analysis of material risk events and control breaks and establish an effective feedback loop with country teams and regional/global business and control management. Support the business in drafting appropriate corrective and preventive actions plans.
    • Assess, evaluate, and validate controls through processes and tools such as the MCA and Key Risk Indicators (KRIs), and work with the process owners to develop action plans that remediate the weaknesses. -
    • Support the business in reviewing, maintaining, and enhancing Permanent Control ReadinessResponsible for the Manager's Control Assessment (MCA) Program
      • Coordinate the overall MCA Quarterly Risk Assessment (QRA) and Annual Risk Assessment (ARA) processes and activities.
      • Perform sampling-based quality assurance on MCA results and corrective actions arising from identified exceptions. -
      • Analyze MCA issues and trends. Work with the business on implementing appropriate corrective actions and share best practices.Issue management and Corrective Action Plan (CAP) Coordination, Monitoring and Escalation
        • Assist in the creation of issues/ CAPs in iCAPS as needed, inclusive of performing quality reviews.
        • Track issue and CAP status and progress, and proactively escalate as appropriate.
        • Validate completed CAPs in the iCAPs system prior to validation by other control and assessment functions such as Internal Audit and ORMAudits, Franchise Reviews and Regulatory Examination Management
          • Support the Sales Groups on reviews and audits - Deliverables, interaction with reviewers, reviewing and responding to findings issued by reviewers. -
          • Lead pre-review assessments and post-review remediation.Coordinate periodic reviews of the Business's processes and controls, and validate changes as a result of such reviews.Operational Risk Management Policy & Standards: Support gap analysis and the implementation of global policy requirements and regional standards, and on the assessment of legal and regulatory requirements with Country Legal and Compliance as well as the development of local proceduresProcess improvement, Governance and Best Practice implementationThird Party Risk Management Policy implementation - -Qualifications:
            • 10+ years experience in Operational Risk Management, Audit, Compliance or other control function or financial services industry
            • Experience in an Internal Audit, Risk Management, or Control Management-related role
            • Knowledge of TTS business and products
            • Consistently demonstrates clear and concise written and verbal communication skills
            • Ability to manage through influence (e.g. management in the absence of reporting lines or with matrix reporting)
            • Ability to build rapport and work closely with key senior stakeholders and partners within and outside the business
            • Up-to-date understanding of key risk and control concepts, tools and trends relating to risk identification, rating, mitigation, and reporting
            • Risk-based thinking and analytical mindset
            • Strategy and execution skills to prioritize areas of focus while also driving implementation in a large, global, and matrixed environment
            • Proficient in the use of basic Microsoft applications (Word, Excel, PowerPoint) -Education:
              • Bachelor's/University degree or equivalent experience, potentially Masters degree-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Business Risk & Controls------------------------------------------------------Time Type:Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. 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 .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Pinellas Park , TTS Global Sales In Business Operational Risk Head - SVP, Sales , Pinellas Park, Florida

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