What are the responsibilities and job description for the Finance Risk and Control Technology and Data Director/C15 position at Hispanic Technology Executive Council?
The Business Risk and Control Sr Group Manager Technology and Data lead manages multiple teams through other managers. Excellent communication skills are required to negotiate internally, often at a senior level. Responsible for supporting enterprise and executing functional strategy in areas managed. Accountable for end results and contributing to the future strategy of the area. Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations. Involved or responsible for diverse (cross-discipline) activities. A direct report to a Managing Director C16 role and function as an integral member of the functional leadership team within a country / site location, job family, or line of business.
The Technology and Data lead role is focused on Implementing coverage of Data / IT Compliance capabilities to drive data quality control obligations mandated by the Citi Data Governance Policy and Standard for safe and sound Model and End User Computing (EUC) landscape practices through a comprehensive first-line framework, and governance and controls activities, including the formulation of the strategy across the Model and EUC Lifecycle. The role operates in partnership with stakeholders (e.g., Finance businesses, Technology, Risk, Model Risk Management (MRM), etc.) to harmonize transformation efforts with Central Governance Model-Lifecycle activities; EUC remediation; and adherence Policies across all Finance functions.
The role spans across all Finance Model and EUC workstreams : Governance, Inventory Management, Framework, Issue Management and Reporting. Deliverables include, but are not limited to, managing Governance forums, providing Model Life Cycle-based reporting, working with Data and Technology teams to design modeling capabilities and the management of Finance Inventory Attestation. The role is responsible for the execution of the target state Business-as-Usual Finance processes related to models / EUC to support the mission and to adherence to the Compliance and Quality controls.
Responsibilities
- Drive compliance with Citi Data Control Standard through the successful adoption of Enterprise Chief Data Office (ECDO) mandated 14 data quality controls assess current state data quality controls against ECDO mandated data quality controls and identify control gaps; create a plan to remediate control gaps; drive remediation of identified control gaps and record these controls in Manager's Control Assessment (MCA); establish ongoing monitoring of data quality controls
- Compliance with the data quality control obligations mandated by the Citi Data Governance Policy and Standard
- Accountable for determining adherence to Data Risk principles and mandates through establishing communication processes and cascading Data Risk related information within Finance; developing processes to monitor, report and mitigate on challenges associated with Data Risk; escalating risks and or issues related to Data Risk to the ECDO; execute on the plan in conjunction with the ECDO to bring Data Risk within appetite;
- Support compliance activities for the Finance Federated Chief Data Office (FCDO) Assessment Unit including identification of inherent risk and monitoring controls
- Manage implementation within teams to identify, assess, escalate, and manage risk exposures across Risk Categories (Operational Compliance, Strategic, Reputational, etc), including material, emerging and concentration risks in accordance with enterprise Policies and the establishment of Key Indicators to monitor risk exposures
- Manage and report on Risk Appetite and monitor / assess exposures against in accordance with enterprise requirements (if applicable)
- Oversee the process to identify, assess, record and response to Model Risk events, ensuring these are captured accurately, timely and in accordance with requirements
- Determine approaches to ensure adequate governance and training are in place to support management of Risk profiles
- Support operational risk scenario analysis and stress testing for Operational Risk Capital requirements
- Manage risk and control assessments or coordination for programs within various risk stripes and ensure sufficient subject matter expertise exists to enable management of these risks within the Business (e.g., third party, fraud, sanctions etc) (if applicable).
- Oversee that risk and control responsibilities and accountabilities are embedded within First Line Units (FLU), including providing training and leading by example
- Manage the implementation of standards and procedures that conform to enterprise requirements and support sound model risk management
- Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business
- Support issue root cause analysis, partnering with control and processowners to develop holistic corrective actions and improvements, provide check andchallenge for appropriate escalation in accordance with Issue Management and Escalation Policies and Monitor Path to Satisfaction (Green)
EUC Governance
Finance Model Governance :
Finance Model Framework
Qualifications
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Job Family Group : Risk Management
Job Family :
Business Risk & Control
Time Type : Full time
Primary Location :
New York New York United States
Primary Location Full Time Salary Range :
170,000.00 - $300,000.00
In addition to salary, Citis 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.
Anticipated Posting Close Date :
Jan 24, 2025
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Salary : $170,000 - $300,000
