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Risk Supervision & Oversight Vice President (Hybrid)

Belfast, United Kingdom
Closing date
Mar 27, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Organization Overview:
Citi Markets Operations is currently at a pivotal point in its evolution and journey to implement a target operating model. We take pride and are passionate about our People and our culture. We are invested in our People and their development. We are transforming and simplifying our operating model, creating an exciting environment which encourages diversity of thought and inclusion.

We are a dynamic, global, and diverse Organisation, with a presence in over 60 Countries; covering all front post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & Commodities Operations. We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Citi is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage, Futures, Listed Derivs, FXPB) where Citi has a significant growth program to continue to build out its capabilities and services; and Syndicates where we support both FI and EQ new issues and IPOs.

Our Operations groups are core to the success of the Markets business and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders including Front Office Sales and Trading Desks, Compliance, Legal, Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience. We have a Client relationship group, dedicated to overseeing the Organizational service performance and strategic partnership for our top tier client base, where we play a key role in supporting our global clients to ensure they have a first-class experience when doing business with Citi.

Our Business Intelligence and Process Re-engineering group works alongside our Operations teams delivering automation solutions to solve for operational challenges. We partner with Citi's innovation labs to drive optimization, and overall play a pivotal role in enabling us to transform to achieve our target operating model.

Our Technology partners develop and implement a wide range of applications that support the Operations, Change, Design and Implementation groups in providing innovative products and solutions. We have re-imagined how to provide technology and service in our domain through the alignment of our team vision, culture, and aggressive retirement plan for legacy applications and adoption of a micro-based containerized cloud environment. We encourage our people to create, explore and be adventurous whilst taking measured risk, adopting safe practices to protect the firm. Data lineage and optimization is core to how we develop our eco system. We are growing our capabilities using artificial intelligence, natural language processing and machine learning.

Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuous evaluation of our controls; to protect our clients, the firm, and our reputation.

We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry.

Job Purpose:
This is a newly created role where the candidate will act as a senior Embedded Risk Lead for the Organisation, responsible for ensuring we have appropriate supervisory oversight and governance across our Operational functions.
The team will leverage line control best practices to embed globally aligned day to day risk oversight of our Operations teams. This will entail ensuring we can report and oversee our risk and control metrics and transform the culture and operating model to create a robust control environment.

The candidate will partner with first line and second line control owners across businesses and regions reviewing the controls framework, conduct a gap analysis relative to current state leading to a plan for control enhancement requirements.

The candidate will assess our current control operating model and propose and execute on alignment of processes to ensure optimal organisational structure for best in class risk management of our functions. The candidate will review risk metrics, and lessons learnt so that themes are understood and solutions are created in a holistic and consistent manner.

The candidate will liaise with a number of stakeholders, internal and external, to review and execute a holistic strategy across Audit and Risk partners to ensure we have a consistent and cohesive approach across the Organisation vs our obligations

Organizational Oversight:
  • Partnering with Markets Operations to ensure we are set up to succeed. Executing vs a strategy that fosters a culture and environment where processes, risks and controls are continually monitored, and potential risks escalated on a timely basis as well as acting as a senior point of escalation
  • Embedding an effective supervisory control framework that fully meets Audit, Compliance and Regulatory requirements. Implementing daily control framework for line managers
  • Conducting weekly control meetings with each Functional Head.
  • Partnering with Audit and Line Control to ensure global consistency and perform independent spot checks
Transformation to Target State:
  • Review our suite of controls and suggest change to uplift the risk profile throughout the Organisation and its products
  • Drive standardization of controls across regions and suggest opportunities for harmonisation across teams
  • Implement plans and execute vs milestones ensuring we meet deadlines
  • Ensure our infrastructure and tools meet the needs in order to manage risk. Develop and suggest operating model changes in order to pivot the operations Organization towards digitization and a robust control environment
  • Driving and supporting the delivery of strategic platform re-engineering initiatives, with conscious intent to standardize and industrial flow, reducing manual touch points and aligning tech delivery vs. business goal and wallet share optimization
  • Supporting the implementation of initiatives to continuously improve Straight Through Processing (STP) rates
Story Telling:
  • Help drive comprehensive risk KPIs/Metrics for senior executive consumption - for each product and function, working in close partnership with the product Leaders
  • Analyse risk metrics for trends and lessons learnt
  • Partner with the Ops product leaders to understand and update process flows, challenges and potential solutions and present opportunities to senior Management
  • Articulate solutions vs current state for digitization, automation, low code solutions and straight through processing
People Agenda:
  • Promote a culture of continuous improvement and cultivating a robust service and control environment
  • Champion diversity and inclusion to create a working environment which allows our People to thrive and excel
  • BS/BA degree or equivalent work experience preferred
  • Preferred experience related to operations or capital markets
  • Experience delivering strategic change programmes in a fast paced environment.
  • Excellent verbal, written, and presentation skills. In particular, a demonstrated ability to effectively communicate technical and business issues and solutions to multiple organizational levels internally and externally as needed to support the strategic goals.
  • Strong risk management and control mindset
  • Self-reliant, good problem solver, results oriented
  • Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint.
What we Offer:
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

We'll provide you with the resources to meet your unique needs, empower you to make healthy decisions, and allow you to choose which benefits suit you and your personal life best.

Visit our Global Benefits page to learn more.

Highlights to our core benefits include:
  • Award winning pension
  • On-site health services
  • Private medical insurance packages to suit your personal circumstances
  • Paid parental leave
  • Generous holiday allowance starting at 27 Days plus bank holidays; increasing with tenure
Citi Belfast also champions diversity within our workforce, which helps us be well and live well together. We have over 40 different nationalities in our Northern Ireland offices, are a vocal supporter of LGBTQ+ rights, and are proud to have 47% of our leadership team made up of individuals who identify as women.

We encourage and lead inclusivity through our Pride, Disability, Multicultural, Families Matter, and Women affinity networks that are run by and for, Citi Belfast colleagues; providing them with the support they need in their personal and professional journeys and supplying them with the tools to help educate colleagues on all things related to each network to help us work better together.
Job Family Group:
Risk Management -------------------------------------------------
Job Family:
Operational Risk ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
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

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