Business Risk Manager
Citigroup Inc
Luxembourg,
il y a 8j

Job Purpose :

Citi Private Bank EMEA’s Business Risk and Control team is an in-business team responsible for oversight and co-ordination of control related activities for the Private Bank.

The Business Risk and Control team’s core function is to ensure the proactive identification and mitigation of risk and control issues and works closely with Citi’s internal control functions so that the Private Banking business meets its obligations for internal control and risk management.

The Business Risk Manager will work with the Business Risk and Control team and wider Private Bank business to enhance the control environment, and to create processes to address the variety of internal and external control policies to which Citi Private Bank are subject.

Job Background / context :

Citi Private Bank is a trusted advisor to the world's wealthiest, most influential individuals and families. Like Citi's government, institutional and multinational corporate clients, Citi Private Bank clients receive bespoke service and access to the best ideas and solutions tailored to their unique needs and aspirations.

A part of Citi's Institutional Clients Group, Citi Private Bank offers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking.

Among its select clients are a third of the world's billionaires, many of whom are globally minded entrepreneurs with an expectation of an institutional level of service, who take advantage of Citi's holistic approach to wealth management.

Citi Private Bank is represented by more than 1,000 private bankers, investment professionals and product specialists across a network of 90 offices in 33 countries and over 128 currencies worldwide, making it the most global private bank.

Key Responsibilities :

The Business Risk Manager will be responsible for various risk management duties as assigned, which will include :

  • Execution and oversight of the Private Bank’s Risk and Control assessment process in Luxembourg and other related locations
  • Preparation of the quarterly Private Bank Entity Rating process for Luxembourg
  • Collation and reporting of key risk and control related metrics relating to Luxembourg / the EMEA region and in support of the Private Bank’s Global risk assessment process
  • Monitoring and tracking corrective action plans, overseeing appropriate and on-time remediation of risk issues
  • Preparation of Business Risk management information, including presentation of risk and control related MIS to key governance committees (e.g. Country, Region)
  • Execution and oversight of controls testing activity across a variety of processes for the Private Bank, including key processes and controls relating to Luxembourg (e.
  • g. AML, MIFID II Suitability)

  • Causal analysis and remediation of control weaknesses or errors identified through the risk and control assessment processes or through operational losses or risk events
  • Supporting the execution and co-ordination of the Internal and External audit agenda
  • Supporting the commercial implementation of Citi wide policies and procedures in the Private Banking business
  • Delivering process and control deep dive review activity as required by the Head of Business Risk and Control
  • Supporting the execution and delivery of the Sanctions Risk Management agenda, including liaison with Group function, co-
  • ordination of relevant work programmes

  • Fraud Management programme oversight, liaison with Group Fraud function, reporting of Fraud Incidents
  • Development Value :

    The Business Risk Manager will work closely with a variety of stakeholders and functions within Citi Private Bank and the broader Citi organization.

    The position allows for considerable professional growth and learning across all material areas of risk and will expose the candidate to a wide and diverse range of policies, processes and products across the Private Bank and related risk and control disciplines

    Knowledge / Experience :

  • Experience in implementing operational risk management tools, frameworks and processes
  • Experience in Internal Audit, Compliance, Business Management or Risk Management
  • Experience in Private Banking / Wealth Management or Asset Management business and / or control management
  • Awareness of relevant UK / Swiss / EU regulation and regulatory frameworks would be beneficial
  • Ability to work well in a cooperative, high energy, matrix managed business
  • Ideal candidate will have experience of business, process and risk management in financial services
  • Skills :

  • Analytical inquisitiveness and problem solving ability; an ability to ask insightful questions, break analytical challenges into workable components and draw meaningful conclusions
  • Efficient and effective use of office software (including spreadsheets and databases)
  • Ability to work well in a cooperative, high energy, matrix managed business
  • Ability to collaborate with and lead others to achieve objectives
  • Flexible approach and willingness to be 'hands -on' as and when required
  • Good at brainstorming; can conceptualise new approaches quickly
  • Can communicate complex ideas simply and compellingly
  • Qualifications :

  • Proven track record of delivery in a complex matrix environment
  • A professionally recognized controls based background in Compliance, Audit, Risk Management or similar
  • A sound understanding of processing within a complex systems environment
  • Graduate calibre
  • Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience
  • Competencies :

  • Strong inter-personal skills, including stakeholder and conflict management
  • Analytical ability
  • Attention to detail
  • Ability to sift through complexity, identify potential areas of risk and set forth issues clearly
  • Ability to prioritise multiple tasks based on materiality
  • Able to work under pressure and to strict deadlines
  • Drive and determination - high energy level, but dispassionate and independent
  • Able to manage routine processes with precision and ad hoc projects with flexibility and creativity
  • Able to approach unfamiliar situations with reference to good control practices
  • Effective verbal and written communicator with good report writing and presentational skills
  • Valuing Diversity : Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success
  • Citi is an Equal Opportunities Employer.

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