VP, ERM - Wealth New Activity Lead Analyst (Hybrid)

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Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

At Citi, we get to connect millions of people across hundreds of cities and countries every day.  And we've been doing it for more than 200 years.  We do this through our unparalleled global network.  We provide a broad range of financial services and products to our clients – whether they be consumers, corporations, governments or institutions – to help them meet their biggest opportunities and face the world's toughest challenges.

Supporting our core businesses to responsibly provide financial services and create the best outcomes for our clients every day is a full-time job. Employees on our Global Functions teams encompass an array of critical roles from ensuring we’re prudently managing risk to making sure our global transactions run smoothly.

Citi’s Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units.  We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

We’re currently looking for a high caliber professional to join our team as  Vice President, New Activity Risk Lead Analyst based in Ft. Lauderdale, Florida to support Wealth New Activity Risk Management.

The Wealth organization delivers comprehensive wealth solutions to clients across the wealth continuum, with integrated advice and execution, as well as traditional and alternative investments, managed account strategies, world-class research and investment guidance. Wealth businesses serve ultra-high-net-worth individuals and family offices through Citi Private Bank, operates in the affluent and high-net-worth customer relationship tiers of Citigold and Citigold Private Client and offers wealth management in the workplace through Citi Global Wealth at Work.

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New Activity Risk Management:

Responsible for risk management and coordination of the end-to-end activities of the New Activity approval process, including but not limited to:

• Support strong governance, appropriate senior management engagement, and the delivery of strong risk management decisions in a commercial timeframe and manner throughout the new activity lifecycle.
• Engage with businesses and stakeholders across different businesses, geographies, and functions to initially pre-screen, assess and advise on their new activity proposals;
• Work with individual businesses to advise, review and assist in preparation of proposals that are to be brought for review;
• Schedule, manage and steer Technical Due Diligence process and arrange Committee meetings depending on the approval Pathways;
• Assist businesses with validation and closure of any approval conditions assigned through the review process;
• Maintain formal documentation, proceedings and records of approved new activity proposals; and
• Effectively support management and delivery of Post Execution Reviews to ensure execution occurred in a manner consistent with parameters and risk appetite defined during the new activity approval process.
• Effectively support management and oversight of end-to-end flow of New Activity Risk Management related processes such as New Activity Approvals, Product Risk Monitoring and Program Refresh.

Planning and Consultation:

Engage with global risk colleagues, other senior control functional partners and business heads across regions and all LODs to drive the NARM transformation and implementation;

• Advise businesses on implementing, improving and maintaining risk management best practices, and identify, address and resolve issues. Where necessary, ensure escalation to Senior Management; and
• Advise businesses on new activity development and innovation to ensure compliance to Citi policies, and in consideration of country and global regulatory requirements.

Monitoring and Strategy:

• Help establish processes for consistent and ongoing product risk monitoring;
• Liaise with regional control functions and in-business control and surveillance functions to ensure visibility of issues across businesses;
• Support engagement with regional and country teams and regional control functions in overseeing assigned business/product (Wealth) activities, demonstrating particular consideration for the firm's reputation and safeguarding Citi, its clients and assets, by driving compliance with applicable laws, rules and regulations, ensuring adherence to Citi’s policies and standards, applying robust risk management oversight over business conduct and practices, and escalating risk and control issues with transparency;
• Represent the team as required at designated governance committees/ forums and demonstrate both a credible challenge to, and strong influence on covered businesses;
• Investigate anomalies and policy violations,  and partner with stakeholders to establish agreement and oversight of corrective action plans thereafter;
• Monitor financial markets and industry/product trends to identify emerging risks and engage businesses accordingly; and
• Follow regulatory developments with assigned business activities coverage and assist in managing regulatory compliance in the covered areas.

Developmental Value

Gain a broad understanding of Citi’s businesses and products, and exposure to similar new activity and other product approval committees across different Citi businesses.  The developmental opportunities include:

• Unparalleled organizational exposure and opportunities to interact with senior members of Citi businesses and control functions;
• Develop an understanding of Citi’s risk and control areas and their key issues and considerations;
• Learn the key issues associated with developing new activities  and how to address them; and
• Gain insight into franchise risk management issues and regulatory considerations.

Qualifications:

• 6-8 years relevant experience, ideally in Banking or Financial Services with prior work experience in area related to business analysis, strategy consulting, or process reengineering
• Knowledge of Citi’s businesses and products, or the equivalent at organizations of similar complexity and maturity;
• Excellent communication and presentation skills;
• Strong work ethics, takes pride of ownership of deliverables and the activities of the team;
• Sound ethical and moral compass with the ability to make difficult decisions and communicate/document those decisions effectively;
• Intellectually curious; conceptual and innovative thinking; ability to see the "big picture" without losing sight of details, strong risk management skills;
• Flexibility in thought and approach; able to introduce creative solutions and enact reasonable judgement to complex issues;
• Attuned to macroeconomic, industry and regulatory events/trends;
• Quantitative and analytical capabilities;
• Ability to manage and influence divergent views across the organization;
• Ability to connect with people across geographies and functions and create and maintain strong relationships; and
• Open to expanding responsibilities outside of direct experience.

Education:

• Bachelor’s/University degree, Master’s degree preferred

Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

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Job Family Group:

Risk Management

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Job Family:

Regulatory Risk

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Time Type:

Full time

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Primary Location:

Fort Lauderdale Florida United States

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Primary Location Full Time Salary Range:

$117,440.00 - $176,160.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Jun 24, 2024

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