Citigroup Inc.
Team Overview:
The Risk Governance team is responsible for (i) managing the Citigroup and Citibank N.A. Risk Committees at the management and Board levels; (ii) overseeing and maintaining the Risk Governance Committee Standard and supporting procedures, controls, and training; and (iii) reviewing and improving governance practices for Risk Governance Committees across in adherence to Citi’s Policies, Standards and Procedures.
The Risk Governance SVP position reports to the Risk Governance Director, who reports to the Head of Risk Governance and Chief of Staff to the Citigroup CRO, which sits under the Risk Chief Administrative Office (CAO). The role provides a unique vantage point to gain an enterprise-wide perspective and deeper understanding of the material risks across the firm. In addition, the role provides the opportunity to work closely with governance teams from various businesses and functions.
Position Objective:
The objective of this role is to oversee and enhance Risk Governance practices across Risk Management committees while supporting the day-to-day management of the management and Board-level Risk Committees. The role will work closely with multiple stakeholders, overseeing the Risk Management Committee Standard, the Risk Committee charters, engagement with the relevant subcommittees as well as execution of the committees. These committees are responsible for overseeing the execution of the risk governance framework, for ensuring that the Citi and CBNA risk profiles remain consistent with approved risk appetite, including for aggregate and concentration risks, and for discussing top, growing, emerging and idiosyncratic risk issues facing the firm.
Key Responsibilities:
Enhance and update Risk Governance Committee standards and procedures to ensure they are effective, comply with Citi Policies and regulatory requirements, and drive enhancements to subcommittee governance practices
Execute governance responsibilities for the GRMC, CBNA RC, and Board RMCs, track coverage of top risks and oversee follow-up items
Interact and communicate with senior management to identify key topics of interest to bring to the GRMC, CBNA RC, and/or Board RMCs
Lead high priority strategic/regulatory ad hoc projects for the Risk Governance Committee function across their lifecycle by identifying and structuring problems, analyzing root causes, developing solutions, communicating project results, and obtaining buy-in for change
Develop strong working relationships and effectively partner with key stakeholders and subject matter experts across the organization (business & functions) to accomplish goals
Help define improved Risk Governance Committee controls in line with expanded Manager Control Assessment expectations, which will require ongoing execution and monitoring
Perform Internal Audit (IA) activities for risk governance and support regulatory validation activities tied to transformation requirements
Keep abreast of regulatory changes, new regulations, and internal policy changes.
Manage an integrated forward calendar for GRMC, CBNA RC, and Board RMCs, to help ensure coverage is comprehensive across all committees and aligned with committee charter and applicable regulatory requirements
Lead the coordination of agendas, stakeholder communications, and material development supporting the GRMC, CBNA RC, and Board RMCs, working to improve alignment and coordination across all committees, demonstrating robust escalation and corporate governance processes
Interact and communicate with senior management to identify key topics of interest to bring to the GRMC, CBNA RC, and/or Board RMCs
Provide effective challenge to internal stakeholders on presentation materials submitted to ensure effective, appropriate and accurate communication
Perform ad-hoc responsibilities as assigned
Qualifications / Skills:
10+ years of experience in Risk Management or Governance function with a bank, Financial Services consulting, or regulatory body.
Understanding of regulatory requirements for Risk Governance and Corporate Governance including Regulation YY and Heightened Standards.
Experience in managing and driving senior governance forums and/or policy oversight
Experience working with, influencing and growing diverse and remote teams.
Strong executive presence with success influencing, facilitating, and partnering at these levels
Ability to build strong internal and external relationships
Superior writing and verbal communication skills with the ability to articulate complex problems and policy interpretations through concise and clear messaging
Excellent complex problem solving, organizational, and time management skills. Previous experience in project management a plus.
High attention to detail, proactive, proven ability to drive results, work under pressure and meet deadlines
Ability to quickly learn new concepts and pick up business knowledge
High proficiency in MS office (Excel, Word, PowerPoint, Adobe, Teams)
Education:
Bachelor's/University degree in a finance, business, or a technical discipline
MBA or other advance degree preferred
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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View Citi’s EEO Policy Statement and the Know Your Rights poster.
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