Citi, a leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. 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. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.
Citibank Europe plc (CEP) is the main EU banking entity for Citi in EMEA with a presence in 22 European countries. It covers several key business lines including Markets and Securities Services, Treasury and Trade Services, Corporate and Investment Banking, and Consumer, with revenues of approx. $2bn and total assets of $50 billion which are expected to grow further. CEP has been designated a significant institution by the ECB and is therefore expected to meet enhanced regulatory expectations especially with regard to risk management.
CEP Independent Risk Management (CEP Risk), headquartered in Dublin, acts as the second line of defense for the holistic management of risk across all business lines and locations of CEP. The department benefits from the substantial use and leverage of Group Risk resources, processes, data, models and systems. The role of the Risk Business Manager is to evaluate the appropriateness of the services supplied to CEP and to ensure that robust governance standards and controls are in place that meet regulatory requirements.
Create a formal compendium of all Citigroup-supplied resources, processes and services to CEP Risk (In-group outsourcing) documenting the systems, data flows and controls as well as the control processes regarding models provided to CEP by Citigroup.
Assess controls in place in relation to the provision of the services, contingency plans and level of review and testing performed by the first and third line in relation to the processes.
Evaluate against European regulatory requirements of in-group outsourcing arrangements.
Review and recommend enhancements where appropriate to the controls and assurance processes in place in each of the relevant Risk teams receiving the services.
Ensure these controls are included in the Manager Control Assessment (MCA) processes in each area of the Risk Management function.
Embed a formalised, ongoing assurance process in relation to the services received.
Evaluate the impact of new products and propositions on Group-supplied services.
Co-operate closely with all Risk leads to ensure consistency in application of in-group outsourcing controls processes
Work closely with Global Risk Management to ensure CEP risk issues are identified and addressed.
Ensure that in-group outsourcing components of relevant internal and external audits, inspections and reviews are completed successfully and that any follow up actions diligently performed.
Experience and Skills
Several years of third-party management experience in an international banking organisation with a diverse product set.
Self-starter who will develop and implement a robust internal control environment for all in-group outsourcing services utilised by CEP Risk.
Strong interpersonal and communications skills (written / verbal) at all organisational levels including very strong influencing and negotiation skills.
Authority to liaise with senior personnel across Citigroup involved in the provision of systems, data and services to CEP, review controls and request enhancements where needed.
Ability to interact with auditors / regulators and understanding of applicable best practice guidelines and regulations. What we offer
This is an exciting opportunity to lead on the development and implementation of a control framework for intragroup outsourcing within a growing global banking environment. The role will give the candidate exposure to engage with senior management in risk and across group functions and the autonomy and scope to build an overarching approach.
At Citi, we pride ourselves on our ability to offer employees a number of lifestyle benefits including an on-site restaurant, coffee dock and shop, a subsidised gym and subsidised social clubs and societies. Citi boasts a large diversity framework and network which encourages inclusion in the workforce as well as participation in a wide variety of initiatives and events. We also pride ourselves on our engagement with the local community from a Corporate Social Responsibility perspective.
Citi offers employees a competitive benefits package as well as extra additional perks such as corporate discounts and memberships.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
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
Internal Number: 5857074
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