Liquidity Management Services Controls

2 months ago

London, Greater London, United Kingdom Citigroup Full time
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in risk and control, liquidity management and stakeholder management to Citi's Treasury and Trade Solutions Team

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The Liquidity Management Services (LMS) Controls and Regulatory Management Head is a senior specialist who provides global oversight to the LMS Risk and Control environment, proactively supporting the Services LMS Head ("Business Head") in managing and mitigating operational, compliance and regulatory risks, and executing risk and control responsibilities for the business as a First Line of Défense function.

This role is responsible for working with the LMS Business and Product teams, the Services Controls and Regulatory Management teams, the Services Functional teams (Operations, Technology, Implementations, Sales, Innovation), and Second Line partners (Risk, Compliance, ORM, FRM, Legal) to establish and implement a robust framework that enables effective risk and control management across the LMS and Core Accounts businesses.

This includes assessing and providing objective views on risks, controls, and trends, and implementing change as required.

Core responsibilities include managing all risk and control processes and initiatives (including Third Party and Inter-affiliate): Policy, Standards and Procedures management, risk identification and analysis, Manager's Control Assessment (MCA) coordination, issue escalation and management, corrective action plans (CAPs) design and implementation, franchise and regulatory review coordination, new product review and socialization, 'Deep Dive' control assessments.

The LMS Controls and Regulatory Management team also supports the LMS Product teams in assessing the safety and soundness of LMS and Core Accounts products and solutions - how they are designed, produced and delivered to clients.

This includes assessing risks and controls front-to-back across all risk stripes.

The role is connected to the Franchise Risk and Control functions that cover Information Security, Business Continuity, Outsourcing, Fraud, Data, Compliance, AML, and Records Management.

This position will report directly to the LMS Business Head and matrix to the Services Controls and Regulatory Management Head.

What you'll do

  • Drive the LMS Controls & Regulatory Management strategy and ensure it is aligned to Services strategy globally
  • Work with Services Controls & Regulatory Management Heads and LMS Business and Product Heads to identify, quantify, prioritize, and report key risks and vulnerabilities within the Business; propagate these across other Services businesses and functions as relevant
  • Act as a subject matter expert on LMS and Core Accounts to provide specialist risk and control advice and guidance and enhance the underlying risk management and control processes to prevent, detect and mitigate existing risks and identify emerging risks
  • Assess applicability of global policies and impact of local legal and regulatory requirements
  • Maintain oversight over emerging and existing risks, issues, control weaknesses, control processes, corrective actions, control validations, and control enhancement initiatives
  • Coordinate the overall MCA and Annual Risk Assessment (ARA) processes for the LMS business, track progress to ensure timely completion, and work with the process owners to develop action plans that remediate the weaknesses
  • Establish and track KRIs including Issues and CAPs, deviations and risk acceptances, and escalate exceptions
  • Perform new product risk and control reviews and provide approvals through appropriate forums
  • Lead and build out the global LMS Controls and Regulatory Management team
  • Manage the monthly Global LMS and Core Accounts Risk and Control Forum and escalations to the Services Global BRCC; represent the LMS Business and participate in other risk and control committees and management meetings as needed
  • Ensure effective Continuity of Business (COB) plans are in place for area of remit and coordinate with Global/ Cluster Controls on effective execution. Utilize appropriate tools (i.e., COBTRAC) for management, monitoring and control of COB plan
  • Follow Escalation Policy and procedures to ensure effective escalation and socialization of material risk events and issues
  • Support the LMS business on all reviews and audits to ensure appropriate preparation, prereview assessments and postreview remediation
  • Coordinate and support the Business in the implementation of global, cluster and local regulatory, risk and control projects
What we'll need from you

  • Bachelor's Degree with experience in successfully managing risk and strategic programs. Risk Management qualifications desirable
  • Financial services industry experience required
  • Exceptional compliance, risk and/or control knowledge required
  • Sound knowledge of Services business and products
  • Ability to lead and drive controls across the products and functions irrespective of reporting lines
  • 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
  • Uptodate understanding of key risk and control concepts, tools and trends relating to risk identification, rating and prioritization, mitigation, and reporting, Operational Loss treatment, Anti-Money Laundering/ Anti-Terrorist Financing (AML/ATF)
  • Proven leadership skills as well as people and team building skills
  • Excellent communication skills (written and verbal)
  • Riskbased thinking and analytical mindset
  • Selfstarter who can work independently
  • Strategy and execution skills to prioritize areas of focus while also driving implementation in a large, global, and matrixed environment
  • Ability to work on virtual projects and across virtual teams to get work done
  • Ability to multitask and manage concurrent projects and deliverables
  • Proficient in the use of Microsoft applications (Word, Excel, PowerPoint)
What we can offer you

This is a role that'll offer you the opportunity to build an in-depth knowledge of risk and control and cash management products.

Every day there will be new business challenges that will help you develop new skills that can drive your career.

We work hard to have a positive financial and social impact on the communities we serve.

In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

  • Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
  • A discretional annual performance related bonus
  • Private medical insurance packages to suit your personal circumstances
  • Employee Assistance Program
  • Pension Plan
  • Paid Parental Leave
  • Special discounts for employees, family, and friends
  • Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.

We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

Job Family Group:
Risk Management

Job Family:
Business Risk & Control

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 Accessibility at Citi ) .
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