Private Bank Business Risk and Control: Governance

3 weeks ago


Belfast, United Kingdom eFinancial Careers Full time

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. Citi provides consumers, corporations, governments and institutions with a broad range of financialproducts and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edgeideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.
**Department Overview**:
Citi Private Bank ('CPB') is a trusted advisor to the world's wealthiest, most influential individuals and families. Like Citi's government, institutional and multinational corporate clients, Citi Private Bank clients receive bespoke service and access to thebest ideas and solutions tailored to their unique needs and aspirations.
A part of Citi's Institutional Clients Group, Citi Private Bank offers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking. Among its select clientsare a third of the world's billionaires, many of whom are globally minded entrepreneurs with an expectation of an institutional level of service, who take advantage of Citi's holistic approach to wealth management.
Citi Private Bank is represented by more than 1,000 private bankers, investment professionals and product specialists across a network of 90 offices in 33 countries and over 128 currencies worldwide, making it the most global private bank.
**Role Overview**:
Citi Private Bank EMEA's Business Risk and Control team is an in-business team responsible for oversight and co-ordination of control related activities for the Private Bank.
The Business Risk and Control team's core function is to ensure the proactive identification and mitigation of risk and control issues and works closely with Citi's internal control functions so that the Private Banking business meets its obligations for internalcontrol and risk management.
This new role is part of CPB EMEA Business Risk and Control team, supporting the Head of CPB EMEA Risk & Control to enhance and support the Governance and Escalation framework covering Key Operational Risks. In addition the roleholder will perform the roleof Citi Private Bank site lead, providing oversight of a number of other Belfast based position that support the Private Bank in risk and control related roles.
The role will require co-ordination across the various CPB Governance Committees and Escalation processes for consistency, effectiveness and to meet the requirements set out in relevant Citi and ICG level Policies, Standards and Procedures and Committee Charters.
The role will manage and oversee a small core Governance team responsible for the execution of CPB EMEA's Governance processes, including the coordination and creation of materials and inputs to key governance committees.
**Key Responsibilities**:

- The Governance and Control Lead will lead, manage and be responsible for various duties as assigned, which will include:

- Support Conduct, Culture Ethics (CCE) and KORs governance and oversight across CPB governance committees
- Partner with the Risk and Control team to leverage best practices and ensure consistency with global business standards and support the overall CPB Governance framework
- Liaise with the ICRM Governance team on escalations across the established escalation channels (business, legal entity, region/country and controls governance committees
- Liaise with the CPB / ICG Central Governance team in reporting to governance committees, where additional information about an incident is required.
- Assess the effectiveness of committee structure and operations in aligned with established standards, procedures, MCA and speed for decision making across CPB
- Review and provide feedback on any new Governance Committee for conformance with governance policies including escalation criteria and clear escalation pathways
- Track the escalation lifecycle within control of business and review to identify trends, themes and areas requiring improved controls
- Perform Quality Assurance that escalations are dealt with robustly and appropriately through sample checking
- Prepare responses to requests for information and documents from internal and external auditors, regulators, and other stakeholders
- Development Value:

- The Governance and Control Lead will work closely with a variety of stakeholders and functions within Citi Private Bank and the broader Citi organization.

**Knowledge/Experience**:

- Experience Private Banking / Wealth Management / Asset Management, ideally with focus on operational risk or compliance
- Experience in implementing operational risk management tools, frameworks, and processes
- Experience in Private Banking / Wealth Management or Asset Management business and/or control management
- Awareness of relevant Swiss / EU / UK regulation and regulatory frameworks would be beneficial
- Ability to work well in a cooperative, high energy, matrix managed business

**Key Skills**:

- Self-starting with the ability to multitask and prioritize
- Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
- Ability to analyse a process and recommend ways to improve quality, controls, and efficiency
- Efficient and effective use of office software (including spreadsheets and databases)
- Ability to collaborate with and lead others to achieve objectives
- Flexible approach and willingness to be 'hands -on' as and when required
- Good at brainstorming; can conceptualize new approaches quickly
- Can communicate complex ideas simply and compellingly

**Qualifications**: - Proven track record of delivery in a complex matrix environment
- A professionally recognized controls-based background in Consultancy, Compliance, Audit, Risk Management or similar would be beneficial


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