BCMA Business Risk Senior Officer I Global MCA Architect Delegate

The Managers Control Assessment (MCA) Global MCA Architect Delegate will be responsible for the oversight and management of Banking, Capital Markets and Advisory (BCMA) MCA requirements globally across country, regional and global Assessment Units (AUs). Working with the Global BCMA MCA Architect / SORM , the Regional In-Business Risk & Control Leads and other Business and Functional SMEs the individual will provide guidance, oversight and as needed challenge to the Business on all matters relating to the MCA process including but not limited to:

• Governance;
• The Quarterly Risk Assessment process (QRA);
• The Annual Risk Assessment Process (ARA);
• Activity, Risk, Control & Monitoring assessments;
• System enhancement;
• Technology Change Management;

Based in the UK the role has a direct reporting line to the EMEA BCMA Head of In-Business Risk & Control and a matrix report to the Global BCMA MCA Architect / SORM .

The individual will perform the role through proactive engagement and coordination with the Regional Business Risk & Control Teams through effective participation and challenge in formal governance forums and in day-to-day management processes.

Additionally, the role will leverage all the core tools that are part of the Operational Risk Management (ORM) framework, viz., the Key Operational Risk (KOR) identification and Key Risk Indicator (KRI) monitoring process, scenario analysis, Manager's Control Assessment (MCA) challenge as part of Citi's Governance, Risk and Control (GRC) framework. The objective is to ensure compliance with Citi's Operational Risk Framework and Firm policies.

Key responsibilities of the MCA Architect Delegate include:

Participation in various ICG level forums and provide inputs on behalf of BCMA on the strategic focus and functional requirements of MCA.

Working with the MCA Architect

• Design and manage BCMA's Global MCA structure taking into consideration any changes driven by ICG level workstreams.
• Review and analyse MIS output from the MCA framework, ensuring issues are appropriately investigated and mitigated.
• Provide MIS for Senior Management .

Assessment Structure

• Partner with the Business and Functions to coordinate and drive the creation and maintenance of standard, granular and mutually exclusive Assessment Units (AUs) as well as Dependency Units (DUs), as appropriate;
• Partner with the Business and Functions to coordinate and drive the creation and maintenance of MCA Governance Entities (MGEs);
• Working with other In-Business Risk & Control Team members ensure that ARCMs are appropriately structured and meet the needs of the business in managing the control environment.

GRC Taxonomy

• Review changes to the GRC Taxonomy: Activities, Risks, Controls, Monitoring Tools, Products and channels recommended by the Business and Functions

Standard MCA Profiles and GRC Taxonomy

• Coordinate the creation, governance and ownership of the Standard MCA Profiles (SMPs) applicable to the businesses / functions;
• As required and working with other In-Business Risk & Control Team members, review whether Enterprise MCA Profile (EMP) content is -
  • Applicable to the Business;
  • Contains the correct or appropriate control and monitoring descriptions and amend as needed;
  • Determine the correct level of adoption (i.e. Global, Regional or Country level)
  • Review coverage of Managed Segment-level Key Operational Risks within the Standard MCA Profiles of the business.

Citi Risk & Controls

• Ensure that the respective regional In-Business Risk & Control Teams have sufficient system training and knowledge to adequately execute their responsibilities;
• Ensure that as needed, adequate resource is given to any system development User Acceptance Testing.
• Coordinate and be responsible for the production of system driven MIS and data analysis;
• Drive consistency of -
  • Interpretation and execution of MCA standards and procedures
  • Usage of standard MCA profiles (SMPs)
  • Standardization and rationalization of content
  • Risk scoring of ARCM's
  • Monitoring methods
  • Identify opportunities to automate monitoring

Additional responsibilities will include participation in broader BCMA In-Business Risk & Control projects and initiatives as required.

Qualifications and skills

• Minimum 8 - 10 years in Enterprise / Operational Risk Management, Audit, Compliance or other control functions
• Demonstrated strong working knowledge of BCMA products and the related operations and financial requirements
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Consistently demonstrates clear and concise written and verbal communication skills
• Proficient in the learning and use of new systems to capture operational risk data for internal analysis
• Knowledge and understanding of Citi applications and systems would be advantageous

Education

• Bachelor's/ University degree or equivalent professional qualification

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Job Family Group:
Risk Management -------------------------------------------------
Job Family:
Business Risk & Controls ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
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