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APAC Head of In-Business Risk & Control (IBRC) - Securities Services

Employer
Citi
Location
Hong Kong, Hong Kong
Salary
Competitive
Closing date
Apr 2, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Purpose:

The Asia-Pacific (APAC) regional head of In-Business Risk & Control (IBRC) for the Securities Services business will lead a local team that is responsible for the assessment, implementation, and continued development of risk and controls solutions in the countries in which Securities Services operates in APAC. The individual will ensure local governance objectives are achieved and identify enhancement opportunities, communicate the details of issues and corrective measures, and align activities to achieve critical milestones. The role is key in providing senior management with analysis of the business's control environment and regulatory adherence, as well as implementing plans to address regulations and new or revised Citi policies. Strong communication and diplomacy skills are required, as well at the ability to work in a matrixed environment around the globe.

Job Background/Context:

Securities Services is a business unit in the Institutional Clients Group line of business that generates more than $1.2Bn in annual revenue for Citi. APAC includes a full suite of Securities Services products-Custody, Fund Services, Execution Services, and Issuer Services. The APAC IBRC head will be responsible for the regional business' risk management framework and execution plans for these global product lines. The role will report to the global head of IBRC for Securities Services, with a matrix reporting line to the regional head of Securities Services, and will manage a direct and indirect team based in the region.

Responsibilities:
  • Oversee the risk management framework for Securities Services in partnership with Product IBRC leads, ensuring local businesses' risk profile aligns to risk appetites and that risks are appropriately monitored and escalated
  • Identify key operational and emerging risks through review and continuous evaluation, design, and execution of appropriate controls and compliance with regulations
  • Examine internal and external risk events to identify control and process enhancements and proactively monitor data sets to identify areas of focus
  • Provide oversight and guidance over the assessment of complex issues, structuring potential solutions and driving effective resolution with other stakeholders
  • Coordinate the implementation of global and regional risk and control projects and initiatives
  • Maintain and deliver efficient risk and control governance structures
  • Advise business executives on risk and control matters and ensure new business activities are addressed with appropriate control design
  • Partner, collaborate, and work with other areas within Citi across lines of defense
  • Lead external engagements with auditors and regulators
  • Keep abreast of regulatory changes, new regulations and internal policies and ensure business compliance
Development Value:

The position provides a very wide scope of activities, geographic and legal entity coverage with frequent interaction with senior management across geographic, product, risk, and functional lines. The role will be an integral member of the global leadership teams for the IBRC organisation and for the APAC Securities Services business.

Knowledge/Experience:
  • Prior experience in risk and control management and in efforts to improve this discipline
  • Knowledge of Securities Services businesses
  • Familiarity with frameworks that deliver policies and procedures to ensure compliance with relevant laws, rules, and regulations
  • Examples of leadership of risk and control governance structures
  • Track record of managing stakeholders at all levels and within complex organisational structures
  • Proficiency in MS Office applications (Excel, Word, PowerPoint)
Skills/Competencies:
  • Track record of successful management of teams in multiple locations
  • Strong verbal and written communication skills; ability to present ideas to audiences at all levels internally and externally
  • Demonstrated track record of collaboration across multiple, disparate internal and external business groups
  • Ability to manage multiple projects and priorities across teams and work effectively under pressure in a rapidly changing environment
  • Ability to work with different business and functional teams
  • Self-starter, flexible, innovative, and adaptive
  • Detail-oriented and structured
  • Strategic agility and ability to challenge
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Job Family Group:
Risk Management
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Job Family:
Business Risk & Controls
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Time Type:
Full time
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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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