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Citi - IRM-USPB Risk CAO - Head of Global Risk Systems and Technology - MD - C16

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Citi

16d ago

  • Job
    Full-time
    Expert Level
  • Banking & Finance
  • Irving, +1

AI generated summary

  • You need a strong background in risk management/technology, 20+ years of experience, leadership skills, a deep understanding of banking risk policies/regulations, design thinking agility, communication prowess, proven change management success, strong governance skills, and the ability to lead global teams in delivering complex technology programs.
  • You will oversee business architecture, system administration, and transformation efforts for global retail/wealth risk systems. You'll collaborate with key stakeholders to drive tech investments, manage consent order milestones, and ensure successful risk process transformation.

Requirements

  • BS or MS degrees in business, finance, economics, computer science or other analytically intensive discipline
  • 20+ years of experience in risk management/technology, with at least 10 years of people management experience and leadership roles
  • Risk policy/Risk Modelling/Risk Reporting experience- a Plus
  • Respected technology thought leader with deep risk management mindset and strong understanding of personal banking and wealth management risk policies & key regulations including heightened standards and BCBS239
  • Design Thinking and Agile Product Development experience
  • Ability to synthesize complex technology issues and opportunities into simple and effective presentations to non-tech audience
  • Excellent verbal and written communication skills, with a proven track record of engagement with Regulators, Business and Technology senior leadership teams.
  • Proven change maker with solid track record for delivering complex technology programs on time and budget – with great user adoption.
  • Strong leadership experience, with the ability to exercise good judgment and make key, timely decisions
  • Strong interpersonal skills including influencing, facilitation, and partnering skills, able to leverage relationships and work collaboratively across an organization
  • Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
  • Strong governance skills with prior leadership in managing global teams/projects and leading re-engineering of risk processes and systems – with complex data, regulatory risk, client aggregation and reporting needs.

Responsibilities

  • Define business architecture and target state requirements & roadmap for global risk systems necessary for USPB/Retail Risk and Wealth Risk Strong Risk Management
  • Lead execution of BAU and transformation book of work for firmwide retail credit risk policy execution, automated risk aggregations for assessment and monitoring of quality and quantity of risk management for retail/consumer and wealth exposures & assets – including product program performance and exceptions, policy adherence and exceptions, RAF, Limits, Key Risk Indicators, Stress Loss & Stress Loss Limit Usage, Portfolio Risk Ratings, limit and policy breach identification and escalation, loss mitigation, automated risk analytics including for climate risk assessments and stress testing, loss forecasting and risk-finance regulatory submissions aggregations including for CCAR, CECL and FDIC high risk loans reporting.
  • As global business platform owner and product owner (for technology development) for 50+ systems/risk processes, ensure overall business architecture, platforms administration and governance of associated systems health, technology book of work & investments are aligned to defined strong risk management requirements and target state.
  • Provide oversight of key 1st line risk systems and tech/centric initiatives critical to defined Path To Strong Risk plan and target state.
  • Partner with USPB CRO, Wealth CRO and LF/B&I Retail CRO and their management team to understand emerging and evolving requirements and risks that could be met or mitigated through systemic solutions
  • Partner with business and risk SMEs across 1st & 2nd LOD and Technology leads to synergize requirements, roadmap and architecture, to improve overall return on tech investments and accelerate delivery & adoption of planned digital capabilities.
  • Drive cross training within risk systems and technology teams, and with key groups in USPB Risk CAO function and especially India based shared services teams, to expand bench strength/capacity and develop talent pool for specialized risk/tech execution.
  • Accountable owner and delivery lead for 100+ consent order milestones ad deliverables linked to global risk systems and processes noted above.
  • Establish strong governance and change management controls to ensure intent of risk process transformation and expected benefits from technology investments are realized, including full requirements to delivery traceability, expanding & enforcing use of common calculations for key risk indicators, and common business architecture entitlements, attestations, automated reconciliation and inputs/outputs assurance, clear & auditable use of authorized data sources and reporting and reduction in EUCs/manual steps.

FAQs

What is the primary responsibility of the Head of Global Risk Systems and Technology at Citi?

The primary responsibility of the Head of Global Risk Systems and Technology at Citi is to lead the transformation of legacy and manual-based risk systems and processes to a cost-effective service-based business architecture that enables seamless calculations, clear and auditable data sources, and efficient user experience for key personas within the organization.

How many years of experience is required for this role at Citi?

A minimum of 20 years of experience in risk management/technology, with at least 10 years of people management experience and leadership roles, is required for this role at Citi.

What are the qualifications required for the Head of Global Risk Systems and Technology position at Citi?

The qualifications required for the Head of Global Risk Systems and Technology position at Citi include a BS or MS degree in business, finance, economics, or computer science, and a deep understanding of personal banking and wealth management risk policies and key regulations. Design thinking and agile product development experience are also preferred qualifications.

How many direct reports does the Head of Global Risk Systems and Technology manage at Citi?

The Head of Global Risk Systems and Technology manages 6+ direct reports and oversees a global team of 70+ staff at Citi.

What is the focus of the business architecture and target state requirements for global risk systems at Citi?

The focus of the business architecture and target state requirements for global risk systems at Citi is to enable strong risk management for USPB/Retail Risk and Wealth Risk, including automated risk aggregations, policy execution, risk analytics, stress testing, loss forecasting, and regulatory submissions, among other key functions.

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

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