Risk Frameworks & Risk Identification, Risk Frameworks Lead

Posted on Dec 12, 2018 by Citi-US

New York, NY 10001
3 Dec 2018
Annual Salary
  • Primary Location: United States,New York,New York
  • Education: Master's Degree
  • Job Function: Risk Management
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID:


Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Team Overview:
The Risk Governance function within the Chief Operating Office of Independent Risk Management is responsible for the design and implementation of firm-wide frameworks and practices that are integral and fundamental to Risk Management within Citi. The Risk Governance group is divided into 7 areas: 1) Risk Frameworks & Identification 2) Risk Policies 3) Product Approval Framework 4) Risk Controls and Issue Management 5) Regulatory Affairs, Governance Committees & Quality Assurance 6) Strategic Analysis & Cross-Risk Initiatives and 7) Risk Headcount and Budget Management.

As part of this function, the Risk Frameworks & Identification team is responsible for managing the firm's risk governance framework, risk appetite frameworks, and risk identification program to support a clear and consistent articulation of the firm's risk appetite, appropriate capture of material risks facing the firm, and integration of both with the firm's day-to-day risk management practices to ensure those risks are managed, monitored, and controlled.

Position Overview:

The current opening is for the team's Risk Frameworks Lead. The responsibilities of the role will significantly contribute to the broader team's mandate to deliver best-in-class risk governance programs and processes.

Key Responsibilities:

• Coordinate and collaborate with senior management in business, risk, and functions to support the design and implementation of best-in-class program enhancements for the firmwide risk appetite framework, including, but not limited to: (i) refining key risk metrics and the linkage to various limit structures; (ii) developing dashboards for senior management and Board reporting; (iii) extending the linkage between risk appetite and the strategic planning and risk identification processes.

• Manage the end-to-end update processes for the periodic update and review and challenge of the firm's risk governance and existing risk appetite frameworks.

• Engage with regulators, including leading discussions with members of the Risk Management Executive Council, in forums led by or attended by members of the firm's Operating Committee, and in external industry forums.

• Partner with the team's Enhancements Lead to translate program enhancements into requirements and standards to streamline current processes and to introduce digitization, where available, in line with best-in-class practices.

• Lead and develop a high-performing, diverse, and remotely-located team to manage existing processes and the deployment of program enhancements.

• Support regulatory and audit reviews at various levels.

Development Value:

The successful candidate will have the opportunity to be part of some of the highest profile strategic initiatives for Risk and the firm, as mandated by the Board, Chief Risk Officer, Chief Operating Officer of Risk, and the Risk Management Executive Council. They will have exposure to regulators, senior management, and subject matter experts across businesses and functions. Finally, they will be able to deploy their firm-wide perspective across Citi businesses and risk types to impact the firm's core business and risk management practices.


• 15 years of experience in the Financial Services industry, preferably in a role that requires superior problem solving, analytical thinking / capabilities and excellent oral / written communication skills
• Advanced degree(s) with an analytical focus (e.g., finance, economics, engineering, mathematics, etc.)
• Strong analytical skills and working knowledge of the full taxonomy of risks (e.g., credit, market, liquidity, strategic, operational, compliance, and reputational)
• Proven ability to think critically and desire to innovate, drive change, and challenge the status quo
• Previous experience managing complex, firmwide projects with proven success
• Understanding of Citi's businesses and products and their risk / return profiles across multiple geographies, or prior experience evaluting similar businesses, products, and geographies
• Ability to lead and manage a team, including teams that are dispersed across different locations
• Experience in interacting with Regulators and Internal Audit
• Ability to synthesize complex concepts for delivering effective presentations to senior audiences
• Excellent organizational and time management skills; ability to work under pressure will be critical
• Strong attention to detail, willingness to "roll up sleeves"; tireless work ethic Risk Frameworks & Risk Identification, Risk Frameworks Lead

Reference: 598336824

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