New Activity Risk Manager - Senior Vice President

Team/Role Overview:

New Activity Risk Management is a part of the Enterprise Risk Management organization responsible for the design and implementation of firm-wide frameworks and practices that are integral and fundamental to Risk Management within Citi. The New Activity Approval Process is integral to Citi's Risk Governance, providing robust diligence, review, and approvals for new or modified products, services, and capabilities, ensuring appropriate ongoing controls.

The scope of the New Activity Policy is being expanded to cover review and approvals of expense management initiatives and large-scale organizational realignments and redesigns across all units of Citi.

Citi's New Activity Approval process ensures that all new or modified products, services, capabilities, expense management initiatives and operating model changes undergo rigorous, consistent reviews and approvals to mitigate risks to Citi and its clients. Oversight of Citi's New Activity Approval Process falls under the Group New Activity Committee and its sub-committees. Beyond approval of new initiatives, New Activity Risk Management also covers requirements for ongoing controls and management over the life of the product or service.

What you'll do:

The New Activity Risk Manager will oversee the end-to-end process for reviewing and approving new activities, with a primary focus on expense management initiatives and large-scale organizational realignments and redesigns across all units of Citi. This includes ensuring that risks are identified, evaluated, and properly recorded while maintaining accountability and control measures.

The role involves:

• Managing the risk review process for expense management initiatives and organizational changes
• Active engagement in delivering regulatory commitments
• Collaborating effectively across multiple business units and functions.

New Activity Risk Management offers an efficient process and software for risks and controls to be evaluated in the presence of the business, risk, and other functions. Its review panel consists of senior representatives from Legal, Risk Management, Compliance, Finance, Operations, Technology, In-business risk & control, and Legal Entity Management.

Key Responsibilities:

• Evaluate Proposals: Lead reviews of new activity proposals, providing credible challenge and ensuring issues raised during the approval process are addressed and resolved.
• Risk Assessment: Screen proposals to make appropriate risk decisions and ensure stakeholders understand their roles and responsibilities.
• Maintain Documentation: Ensure formal records, including conditions, follow-ups, and decisions, are completed accurately.
• Data Analysis: Review reports and conduct thematic reviews to meet regulatory expectations.
• Manage Tasks: Schedule new activity committee meetings, prepare materials for committee submission, schedule kick-off calls and monitor conditions.
• Compliance: Ensure adherence to new activity policy, regulatory and internal audit commitments.

Development Value:

The position offers insights into risk management of new products, expense management initiatives, and operating model changes from inception to implementation. It provides opportunities to:

• Evaluate new activity proposals holistically.
• Develop technical skills and manage diverse risks (namely, credit risk, market risk, operational risk, finance risk, compliance risk, legal, reputation, tax, accounting policy, Human resources, and more)
• Gain exposure to various stakeholders, including senior leadership and control functions.

What we'll need from you:

• Understanding of different risk types (e.g., market, credit, operational, compliance, etc.)
• Extensive years of experience within financial services
• Familiarity with Citi's products, operations, and risk management
• Excellent organizational, communication, and interpersonal abilities.
• Capability to manage multiple priorities in a complex environment.
• Strong teamwork and independent problem-solving skills
• Proficient in usage of software applications, data management, and report preparation
• Ability to build strong internal and external networks.
• Bachelor's Degree required, advanced degree in business, finance, law, or economics a plus.

Competencies:

• Self-motivated, analytical, and detail-oriented, with an ability to assimilate and analyze large amounts of information.
• Resilient under pressure with a strong work ethic
• High integrity and ability to manage confidential data

Job Family Group: Risk Management

Job Family: Underwriting & Distribution Risk

Time Type: Full time

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