Manager / Senior Manager, Policies & Risk Management
2 weeks ago
Head of Operational Risk Management Frameworks, Director at Citi Head of Operational Risk Management Frameworks, Director at Citi
Citi London, United Kingdom Head of Operational Risk Management Frameworks, Director at Citi
Citi London, United Kingdom Posted 3 days ago Hybrid Job Permanent Competitive Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi's Risk Management 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.
The Head of Operational Risk Management Frameworks (ORMF) is responsible for the design, maintenance, enhancement and effectiveness of the framework by which Citi manages operational risk. The successful applicant will ensure that Operational Risk Management (ORM) policies accurately reflect the spirit and intention of the ORM Framework, and will partner with the ORM Head of Policy Governance to achieve this. The successful applicant will also partner with the Heads of ORM Taxonomies, Independent Assessment of Manager's Control Assessment (MCA), Issues Management and Lessons Learned to ensure the appropriate representation of the ORMF in these tools and programmes. Demonstrate an in-depth understanding of how the ORM Framework contributes to achieving ORM objectives, and the objectives of Independent Risk Management as a whole.
Have a good understanding of industry approaches to operational risk management and contribute to of the strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas.
Have excellent communication skills required in order to negotiate internally, often at a senior level. Have full management responsibility for 6 employees, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.
Establishes and oversees the application of a clear and cohesive Operational Risk Management Framework, with an aim of creating lasting solutions for minimising losses from failed internal processes, inadequate controls, and emerging risks.
Through the ORMF, promotes the effective identification, measurement, control, monitoring and reporting of operational risks.
the Enterprise Risk Management Framework), relevant policies, regulations (e.g., Basel requirements, The Office of the Comptroller of the Currency (OCC) Heightened Standards), industry practices (via industry groups such as ORX), and Citi's strategic imperatives.
Works with colleagues in other areas of Risk Management, Audit, and Businesses/Functions to ensure appropriate management of Operational Risk processes.
Interfaces with Regulators on Operational Risk matters.
Facilitates accurate and appropriate reporting of operational risks to senior management and the Board of Directors.
Promotes the use of risk indicators.
Supports corporate initiatives, including those related to Operational Risk and the alignment of capital assessments with risk management objectives.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Experienced in Operational Risk. Knowledge of other risk disciplines (e.g., market risk, credit risk) is a plus.
Proficient in developing new ideas to mitigate risk and improve current processes.
Consistently reads different situations accurately and takes appropriate action to gain senior colleague/ client commitment. Articulates clearly how risk technology supports unit's business, as well as the issues due to gaps between the current technology and known business requirements. Ability to measure and assess the impact of stress shocks including fat-tailed risks. Well-versed in reviewing the dimensions of franchise risk.
Bachelor's/University degree, Master's degree preferred and managerial experience
We work hard to have a positive financial and social impact on the communities we serve. 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; A discretional annual performance related bonus
Private medical insurance packages to suit your personal circumstances
Employee Assistance Programme
Pension Plan
Paid Parental Leave
Special discounts for employees, family, and friends
Risk Management------------------------------------------------------
Operational Risk------------------------------------------------------
Full time------------------------------------------------------
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 .
View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
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