Business Operational Risk Manager - Hybrid
Full Job Description
The Business Operational Risk Manager (BORM) is aligned with our businesses partners to help appropriately manage risks arising from our products, services, and business operations. This individual along with business management, ensures that effective risk management is embedded in daily operations and reflected in our business strategies, and related activities and will be primarily responsible for proactive management of operating risk. This requires significant coordination across internal business teams, as well as various other support and control groups within the organization.
Key Responsibilities
- Lead the execution and facilitation of the Manager Control Assessment (MCA) process for multiple Assessment Units within USPB Credit Risk
- Produce and support risk management reporting to management (e.g., Annual Risk Assessments, Quarterly Risk Assessments, Operational Risk Forum, Key Indicator Dashboards)
- Conduct risk assessments, test control design and operating effectiveness
- Owns regulatory mapping processes
- Assist stakeholders in the identification and evaluation of operational risks and controls, including identification of potential issues and opportunities for improvement
- Ensure significant risks and issues are appropriately and timely escalated
- Drive risk discussions, provide input, and ensure decisions are made regarding risk acceptance and mitigation
- Partner with stakeholders to ensure governance and procedures associated with loss event reporting, risk assessments, remediation tracking and operational risk reporting are within the Risk Framework
- Propose and implement technical solutions to drive toward control monitoring automation, simplification of front-line control responsibilities, and automation of recurring reporting requirements
- Provide issue management support
- Provide audit and exams related support
- Liaises with Business ORM on breaches and action steps to correct breaches
Qualifications:
- 10+ years relevant experience
- Significant experience in Operational Risk is required
- Expertise in the following would be beneficial: Fraud Awareness and Risk Management Operations and Systems (Information Security Standards, Vendor/Outsourcing Management and MCA Legal and Regulatory Compliance Management of a global operations and a complex environment that includes global teams
- Excellent communication skills – verbal & written
Education:
- Bachelor’s/University degree, Master’s degree preferred
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Job Family Group:
Risk Management
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Job Family:
Operational Risk
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Time Type:
Full time
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Primary Location:
Wilmington Delaware United States
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Primary Location Salary Range:
$139,690.00 - $209,530.00
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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.
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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.