What are the responsibilities and job description for the Director, Wealth Risk Independent Assurance & Policy Execution Oversight (Hybrid) position at Citi?
The Independent Assurance & Policy Execution oversight Director leads assurance and oversight activities across wealth risk management processes impacted by Investments, Retail Credit and Wholesale Credit Risk, this includes reviewing adherence of business practices offering investment products and services across investment distribution channels.
The role is global and is accountable for the end-to-end execution of periodic reviews for assigned book of work and provide assurance for wealth businesses in accordance with the applicable Risk Policy. The role requires the individual to provide direction, leadership, and guidance to team members on best practices to ensure effective assurance.
The individual will lead discussions and provide updates to senior independent risk leadership and key business & functional stakeholders. The individual will be recognized as subject matter expert across the risk and controls across lending and investment products.
The role requires advanced judgment to conducts in-depth quantitative or qualitative analysis to solve problems and develop new, innovative solutions. The role is required to think beyond existing solutions, assumptions or current knowledge of sophisticated areas.
Responsibilities:
- Provide independent assurance on the design and operating effectiveness of an area in accordance with Retail / Wholesale Credit & Retail Distribution of Investment Products and Services standards, Citi policies, and regulations. Responsible for providing valued and timely independent assurance on the design and operating effectiveness of a subset of a product and function.
- Assesses the effectiveness of credit / investment impacted risk management practices and identify, monitor and mitigate current and emerging credit / investment risk across Wealth Management.
- Management of global and regional coverage plan through monthly and quarterly reviews
- Perform control environment assessments and identify thematic issues and trends to improve controls and governance over the identification, measurement, management, and reporting of risks.
- Proactive communication to Risk Senior Management of any concerns and/or emerging risks
- 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- 15 years relevant work experience in Banking, Finance, Accounting, Economics, Business Administration or similar with Credit or financial statement analysis experience.
- Advanced analytical skills, with the ability to identify root causes and trends and anticipate horizon issues.
- Strong leadership skills with a proven record of accomplishment in managing teams, driving initiatives, and making a positive impact on the organization
- Good knowledge of credit lending and investment products within Wealth Business
- Ability to recognize emerging risks. Expert in risk analysis and risk management processes across high and ultra-high net worth type portfolios
- Effective negotiation skills, a proactive, risk based and 'no surprises' approach in communicating issues and strength in sustaining independent views
- Ability to build and maintain relationships and exert influence without direct authority.
- Clear and concise written and verbal communication skills, with the ability to communicate to audiences of varying levels of seniority.
- Proficient commercial awareness
- Regulatory experience or relevant experience in a similar role at another institution is desirable.
Education:
- Bachelor’s/University degree, master’s degree preferred
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Regulatory Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Wilmington Delaware United States------------------------------------------------------
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date:
Apr 14, 2025------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
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.
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Salary : $170,000 - $300,000
