Business Risk Officer - VP

This role is focused on delivering the strategic objectives of the Price Risk program and is a key member of the 1st Line Risk & Control function directly supporting Global Markets. The Global Markets Risk & Control team is mandated to establish and maintain a robust 1st Line of Defense designed to minimize risk within the business, including leading critical control remediation projects to mitigate risk in Trading, Financial Crimes, and Conduct while ensuring strong governance to measure, monitor, manage, and escalate key risks.

The Business Risk Officer is a strategic professional who stays abreast of developments within their field and contributes to directional strategy by considering their application in their job and the business. Recognized as a technical authority for an area within the business, this role requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required to guide, influence, and convince others, particularly colleagues in other areas and occasional external customers. This position has a significant impact on the area through complex deliverables and provides advice and counsel related to the technology or operations of the business, impacting the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

• Support the Price Risk Program Initiative lead(s) to drive and support hands-on execution of strategic deliverables aligned to key Data sets within Price Risk (i.e., trade population and attributes, market data, business hierarchy, product hierarchy, pricing environments).

• Understand the data quality issues aligned with that data set, including end-to-end data flows and controls, and ensure these are addressed in the defined target state solution with robust controls.

• Provide meaningful insight on data analysis performed to support timely decision-making where required.

• Identify issues and collaborate with stakeholders to agree on solutions that can be delivered across asset classes to ensure consistency of approach across Citi Markets.

• Provide front office support on the associated procedures and governance.

• Embed key controls within the Manager Control Assessment (MCA) framework.

• Influence strategic direction and provide feedback with respect to initiative or program creation, alignment to business goals, stakeholder management, and executive communications.

• Delivery will require articulation of best practices and industry standards and application of these to the Citi business model and infrastructure.

• Partner with Technology to deliver front-to-back technology infrastructure and enhance data quality.

• Work with management and colleagues to promote a strong risk and control culture.

• Escalate concerns and issues to senior leadership, independent risk management, and management committees.

• Prepare formal update communications to senior management, governance forums, and external regulators.

Qualifications:

• Relevant industry experience in Data, Technology, Market Risk Management, Product Control, or product valuation specialist with First Line and/or Second Line experience or in an associated consulting role.

• Strong experience in Financial Services, including working in a Front Office environment and/or extensive interaction with FO.

• Strong controls mindset, identifying and mitigating risks, communicating, and escalating concerns.

• Ability to analyze large data sets and recommend ways to improve quality, controls, and efficiency.

• Proficient with Excel; use of Python, SQL, Digital tools would be a significant plus, including PowerPoint, PowerBI, and SharePoint.

• Good knowledge of data used in Price Risk processes (trade, market data, reference data), data governance, and lineage - experience in operationalizing golden sources of data.

• Strong ability to interact with and influence senior business stakeholders.

• Capable of prioritizing and multi-tasking in a dynamic environment.

• Excellent oral and written communication skills; must be articulate and persuasive.

• Strong track record in strategic design and implementation, delivering complex solutions.

• Strong financial, analytical, strategic planning, and problem-solving skills.

• 6-10 years of relevant work experience in Business Risk & Controls.

• MS Excel, MS Access, SAS, SQL, Visual Basic a plus; 5+ years' experience in financial services.

• Consistently demonstrates clear and concise written and verbal communication skills.

• Effective organizational influencing skills required.

• Third-party vendor management preferred with demonstrated ability to lead global team efforts.

• Excellent problem-solving skills with the ability to see the big picture while paying high attention to critical details.

• Demonstrated ability to develop and implement strategy and process improvement initiatives.

Development Opportunities:

• Opportunity to widen your knowledge of the investment banking industry and the products traded.

• Chance to build an exceptional global network of professionals, trading desks, technology teams, and 2nd line functions, including Finance and Risk.

• Long-term career path across geographies and business lines.

• Competitive compensation package and benefits.

• Flexible work arrangements.

Education:

• Bachelor's/University degree or equivalent experience; potentially a Master's degree.

What we'll provide you:

By joining Citi, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week) but also receive a competitive base salary (annually reviewed) and enjoy a host of additional benefits such as:

• 27 days annual leave (plus bank holidays).

• A discretional annual performance-related bonus.

• Private Medical Care & Life Insurance.

• Employee Assistance Program.

• Pension Plan.

• Paid Parental Leave.

• Special discounts for employees, family, and friends.

• Access to an array of learning and development resources.

Alongside these benefits, Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Job Family Group: Risk Management

Job Family: Business Risk & Control

Time Type: Full time

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