VP, Risk & Control, Derivatives and Market Risk, RWA (Hybrid)

The Capital Controllers Group (CCG) within Citi Controllers is responsible for overseeing the production and reporting of the firm's Risk and Leverage-Based Capital, while strengthening the oversight of related data, controls, and regulatory engagement. 

The Global Financial Controls team ensures that all activities of the CCG adhere to established governance and risk & control procedures, all deliverables are progressing in line with established due dates, and control processes are continually enhanced.

This team is responsible for strengthening overall governance and controls related to Basel / Derivatives & Market Risk RWA. The strategic objectives and priorities include driving accountability and transparency of key Basel Derivatives / Market Risk RWA processes and remediation efforts; enabling proactive management and escalation of issues; establishing predictive controls; executing on Basel Risk & Control; reviews deliverables, partnering with key stakeholders including Internal Audit, Compliance, Risk, and other control functions.

Risk & Control Derivatives & Market Risk, RWA – VP, role will be responsible for driving projects to strengthen the Global Financial Controls – Risk & Control for Derivatives & Market Risk RWA risk stripes. This role will involve proactively reaching out to owners of remediation efforts to monitor progress and escalate concerns as necessary. This role will be the point of contact to coordinate (a) reviews for Derivatives &Market Risk stripes including those by Internal Audit, CRRT, and COBRA and (b) Assist in Issue/CAP and Milestones development. This position will support the tracking, monitoring, and adherence to established procedures for Derivatives & Market Risk. This position will coordinate the identification and classification of compensating measures for applicable Basel Derivatives & Market risk strips.

This position will work closely with key stakeholders within the broader Derivatives & Market Risk RWA (RWA Controllers). This role will also support the collaboration with key partners outside of Capital Planning, including Business (ICG and GCB), FRSS, Risk Management, Compliance, and Internal Audit team.

Key Responsibilities:

• Drive the process for tracking and monitoring of the execution of remediation efforts for Derivatives & Market Risk RWA risk stripes, and escalate as necessary.
• Post Issue Closure, conduct credible challenges to ensure corrective actions are sustainable.
• Act as single point of contact to coordinate (a) reviews for Derivatives & Market Risk RWA risk stripes, including those by Internal Audit, CRRT, and COBRA; (b) Issue, Corrective Action Plan (CAP), and Milestones developments.
• Drive process for compilation of end-to-end RWA Derivatives & Market Risk stripes specific documentation owned by Capital Planning, including ensuring consistency of content.
• Monitor the adherence to established procedures for Derivatives & Market Risk RWA risk stripes.
• Develop subject matter expertise related to Basel rules with respect to Derivatives & Market Risk RWA risk stripes.
• Partner with stake holders to drive program management and working groups, as required.
• To ensure adequacy and completeness of the issue closure documentation, perform check and challenge end-to-end process for issue closure. 

Qualifications:

• Strong background in financial services with understanding of banking / capital markets businesses, derivatives, and products.
• Strong analytical and communication skills, including verbal and written presentation skills.
• Program and project management skills and team player to drive the result.
• Ability to collaborate and drive consensus across different teams of stakeholders.
• Knowledge of financial products, securities laws, rules, regulations, risks, and controls.
• Experience with or previous exposure to internal control functions and regulators within the region, and in particular banking regulators.
• Must be an initiative-taker, flexible, innovative, and adaptive.
• Strong people skills with the ability to work collaboratively and with people at all levels of the organization.
• 6-10 years of demonstrable experience in driving quality results. 

Education:

• Bachelor’s degree: experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus.
•  Advanced degree a plus.

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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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