This listing was posted on WhatJobs.
The Operational Risk Officer is a strategic professional who
Location:
New Castle, DE
Description:
The Operational Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Participation h complex deliverables with significant impact on the area . Provides advice and counsel related to the operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family. POSITION OBJECTIVE Reporting within the 2nd Line the ORM VP will assist Sr Operational Risk Officer who has responsibility for oversight of Operation coverage. The candidate will works closely with 1st Line of Defense including, in-business Operational Risk and Control Managers, as well as Independent Risk and other control functions (Compliance, Legal, Credit Risk) in carrying out job responsibilities.The Operational Risk Officer is responsible for supporting the effective oversight and challenge of US Card business product coverage with a heavy focus on end-to-end Controls, Monitoring and Risk Management of key processes. This role is expected to evaluate key data elements which inform the risk profile of the business and provide insights specific to trends, themes, control failures or Operational Loss Event drivers in support of continuous monitoring. The candidate will need to perform focused analytics and monitoring activities, utilizing multiple tools within Citi’s infrastructure, such has Risk and Control data, issue management, risk taxonomy, and other reports and repositories to provide data driven results to support the ORM Framework. This position requires collaboration between the 1st Line Business owners, as well as, peer Operational Risk groups such as the Consumer Line of Business, and Risk Subject Matter Experts that are impacted by this function. Strong communications skills are needed to articulate key learnings, identified issues, and framework activities at both a detailed and executive level The scope of this role is confined to USPB operationa Business.• Perform Monitoring activities to understand risk of specific business processes.• Execute steps of ORM program driven challenges• Participate in business deep dive analysis to identify new riskPrime interfaces include but are not limited to:• Independent Senior Operational Risk officers • PBWM program and MCA Challenge team• Subject Matter Experts (SMEs) from other Citi level ORM functions such as Fraud, Technology & Data Management• Independent Risk and Compliance Risk Management• In-Business Risk and Control partners KEY RESPONSIBILITIES Governance & Oversight• Foster and maintain strong working relationship with the Business as a valued and respected partner• Keep abreast of latest risk management techniques and industry best practices• Together with the Business and Functional coverage leads, establish an appropriate engagement model with the business to enable meaningful challenge and oversight• Assist business or functional coverage leads in preparing/presenting relevant materials at senior level governance forums such as Business Risk Reviews, Business Risk Compliance and Control Committees and/or Operational Risk Forums as well as meetings with key stakeholders, such as Regulators, 3rd Line of Defense, and Senior Management• Analyze and report on systemic or thematic risks across Card business to inform management of areas for improved monitoring• Support the creation and development of risk and control related presentation materials for various governance forums (at many levels of the organization, including Internal Audit and external regulators)• Ensure adherence to Consumer Operational Risk procedures; provide feedback for the continuous improvement of these procedures to strengthen 2nd line of defense oversight• Ensure the Business is leveraging required tools to manage operational risk and provide evidence of MCA, KOR and KI process, Scenario Analysis and Loss Analysis results on a continuous basis.• Escalate operational risk events to ORM senior leaders as appropriate with relevant context and risk assessment• Lead the creation and development of risk and control related presentation materials for various governance forums (at many levels of the organization, including Internal Audit and external regulators) Risk Identification, Analysis & AssessmentThe ORM VP leverages all of the core tools that are part of the ORM framework, to provide effective oversight. • Identify trends or themes that indicate emerging operational risks by relying on mining trends in relevant metrics (including MCA, Compliance and IA results), loss data and external events• Proactively analyze various data sources to form an independent assessment/opinion of operational risks within the Business• Challenge the Business to establish robust leading and lagging key risk indicators that identify areas of operational risk exposure/emerging risks for mitigation• Continuously monitor Key Operational Risks and Key Indicators to ensure the Business is taking appropriate action to respond to and mitigate breaches• Participate in and/or lead risk reviews as well as ORM Framework assessments to proactively identify risks in the Business and develop specific recommended actions• Analyze issues and loss events to understand how losses were incurred, identify root causes, assess linkage to MCA. Qualifications: Bachelor’s Degree in Business, or another relevant field preferred Knowledge /Experience - Risk Analysis experience• Work experience of 7+ years in the financial services industry in a risk related field, such as Operational Risk Management, Compliance, Audit, Control, Business Risk• knowledge of Consumer banking products and Operations Businesses.• Working knowledge of US Consumer Protection related regulations and industry standards• Ability to synthesize complex issues/root causes into plain language that can be more readily addressed• Well versed in breaking down complex matters into core issues and root causes that can be more readily addressed and effectively articulated• Experience with the Managers Control Framework (also known as RCSA) a plus.• CRCM or other risk related certifications a plus Skills • Strong analytical and conceptual skills.• Ability to work independently and perform credible challenge of a Business• Effective team player and contributor in dynamic and shifting teams• Excellent communication and interpersonal skills• Ability to work collaboratively within and across functions and Lines of Defense Competencies - Proficient in MS Office applications necessary for executing job responsibilities (Excel and PowerPoint)- Excellent data / quantitative analysis skills- Strong presentation skills (ability to draft and present to senior audience)- Tableau experience ------------------------------------------------- Job Family Group: Risk Management ------------------------------------------------- Job Family: Operational Risk ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Primary Location: 6460 LAS COLINAS BLVD IRVING ------------------------------------------------------ Primary Location Salary Range: $114,720.00 - $172,080.00 ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View the "EEO is the Law" poster. View the EEO is the Law Supplement. View the EEO Policy Statement. View the Pay Transparency Posting
Company:
Citi
Posted:
January 1 on WhatJobs
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to WhatJobs
Important Safety Tips
- Always meet the employer in person.
- Avoid sharing sensitive personal and financial information.
- Avoid employment offers that require a deposit or investment.
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: The Operational Risk Officer is a strategic professional who
The Operational Risk Officer is a strategic professional who is a Jobs The Operational Risk Officer Job at Citi located in New Castle DE. Find other listings like The Operational Risk Officer is a strategic professional who by searching Oodle for Jobs The Operational Risk Officer Jobs.
The Operational Risk Officer is a strategic professional who is a Jobs The Operational Risk Officer Job at Citi located in New Castle DE. Find other listings like The Operational Risk Officer is a strategic professional who by searching Oodle for Jobs The Operational Risk Officer Jobs.