Operational Risk Expert
1 month ago
Citibank (Switzerland) AG is a global financial institution seeking an experienced Operational Risk Officer to join its team. The successful candidate will be responsible for managing complex and critical professional disciplinary areas, ensuring that key operational risks are identified, managed, and monitored effectively.
Job DescriptionThis strategic position requires a strong understanding of operational risk management principles and practices. The ideal candidate will have solid experience within operational risk, with a focus on auditing, risk, and control disciplines. Excellent relationship management skills are essential for success in this role.
Key Responsibilities- Establish and oversee the application of operational risk policies, technology, and tools, and governance processes to minimize losses from failed internal processes, inadequate controls, and emerging risks.
- Independently assess risks and drive actions to address root causes persistently leading to operational risk losses by challenging historical and proposed practices.
- Serves as a subject matter expert and oversight function working with In-Business OR and Independent Risk Teams.
- Drives Operation Risk Anticipation, Mitigation, and Loss Recovery initiatives.
- Ensures Operation Risk Policy implementation and provides exception approvals.
- Attends regular In-Business Risk & Control Forums.
- Works with the first line to review, challenge, and provide guidance to improve metrics by calibrating thresholds and defining new metrics to identify 'true' risk breaches.
- Partners with country cluster leads on reviews performed locally, as well as Risk Stripe SMEs on Operational Risk Events, New Activities, Lessons Learned, etc.
- Conducts deep dive (root cause analysis) with support of In-Business Risk & Control and drives corrective actions.
- Issues Management (KPI/KRI/Corrective Action Plans).
- Shares best practices and common risk, controls, and corrective actions through Framework Papers.
- Collaborates to resolve issues which fall within the terms of the contract. Escalates those that require commercial or legal support.
To be considered for this role, you should possess:
- A Bachelor's/University degree, Master's degree preferred.
- Exceptional relationship management skills.
- Expertise in Microsoft Office Tools.
- Solid experience within operational risk.
- Audit, risk, and or control disciplines desirable.
We offer a competitive base salary of CHF 120,000 per annum, annually reviewed, along with a range of benefits including:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
- A discretionary 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.
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