Business Risk Control Specialist
3 weeks ago
Citi Global Markets provides world-class solutions and an unmatched global presence, serving corporates, institutional investors, and governments from trading floors in almost 80 countries. Our underwriting, sales and trading, and distribution capabilities span asset classes (Commodities, Equities, Rates, Spread Products) and currencies, providing an unmatched ability to meet client needs.
Our Markets Governance & Control team works with the Markets businesses and functions, including Compliance, Operational Risk, and Internal Audit, to support risk identification, evaluation, and management in Markets Sales and Trading businesses. The 1st Line of Defence (1LOD) Markets Controls Testing team is responsible for executing a comprehensive, risk-based control testing program covering all Markets businesses globally.
This position reports to the Global Markets Control Testing Programme Head, within the Markets Governance & Control Team. The Global Markets Control Testing Programme Head leads and directs a team of approximately 40 controls testing professionals, supporting continuous monitoring of the control framework and residual risk profiles, thereby ensuring responsible provision of financial services to clients and effective risk management.
The primary mission of this role is to plan, execute, and report the results of control testing covering Markets Trading and Sales businesses. Key responsibilities include:
- Executing controls design and operating effectiveness testing to agreed timelines, escalating and resolving obstacles to delivery.
- Maintaining high standards and best practices for execution of testing activities and associated documentation.
- Providing challenge to stakeholders on the design and effectiveness of controls.
- Supporting stakeholders in determining necessary control remediation identified through the testing program.
- Maintaining strong stakeholder relationships across Front Office, Markets Conduct Risk, Compliance, and Operational Risk.
- Drafting impactful summary outputs from the testing program.
This role requires relevant experience in Front Office controls testing, internal audit, external audit, independent control reviews, or similar disciplines. Knowledge of Markets Sales and Trading activities, risks, and related controls is essential. Strong understanding of control design assessment and effectiveness testing techniques and practices is also required.
An estimated salary for this position is $120,000-$180,000 per annum, based on location and experience. Benefits include 27 days annual leave, a discretionary annual performance-related bonus, private medical care, life insurance, an employee assistance program, a pension plan, paid parental leave, special discounts, and access to learning and development resources.
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