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Citi - IRM-USPB Risk CAO- Head of Global Risk Systems and Technology - MD - C16

USPB Risk CAO organization provides a global focus for risk management strategy/execution oversight for compliance with Citi Policies and Regulatory requirements, and driving Strong Risk Management - for USPB Risk, Wealth Risk and Legacy Franchises/Banking & International Retail Risk Management. Head of Global Risk Systems and Technology role and function is responsible for risk process digitization and transformation through delivery of global risk systems needed for USPB Risk (inclusive of consumer/retail exposures in Banking & International) and Wealth Risk management.

This is a C16 level/Managing Director level position responsible for managing all aspects of the department including engagement with Risk, Business and Technology executives, governance of technology book of work, management of staff and partnership with multiple business and technology project teams to drive user centric & user led design, innovative product development to transform risk processes and quality and timely delivery with strong change management and execution governance and controls.

This role requires a senior risk/tech executive with proven track record in transforming legacy & manual based risk systems/processes to cost effective service based business architecture that seamless enables common calculations, clear & auditable use of data sources and reporting, efficient and consistent user experience for key personas including CRO, Risk MD, Risk Directors, Risk Managers and Risk Analysts and Business Managers, and embedded risk management with faster time to insights through digitized risk processes and risk policy execution.

The role will have 6+ direct reports and manage a global team of 70+ staff; in addition to leveraging USPB Risk CAO India shared services team for risk policy execution support, requirements analysis, product roadmap & requirements definition, user acceptance testing, user training and post production/continuous monitoring.

Responsibilities:

• Define business architecture and target state requirements & roadmap for global risk systems necessary for USPB/Retail Risk and Wealth Risk Strong Risk Management

• Lead execution of BAU and transformation book of work for firmwide retail credit risk policy execution, automated risk aggregations for assessment and monitoring of quality and quantity of risk management for retail/consumer and wealth exposures & assets – including product program performance and exceptions, policy adherence and exceptions, RAF, Limits, Key Risk Indicators, Stress Loss & Stress Loss Limit Usage, Portfolio Risk Ratings, limit and policy breach identification and escalation, loss mitigation, automated risk analytics including for climate risk assessments and stress testing, loss forecasting and risk-finance regulatory submissions aggregations including for CCAR, CECL and FDIC high risk loans reporting.

• As global business platform owner and product owner (for technology development) for 50+ systems/risk processes, ensure overall business architecture, platforms administration and governance of associated systems health, technology book of work & investments are aligned to defined strong risk management requirements and target state.

• Provide oversight of key 1st line risk systems and tech/centric initiatives critical to defined Path To Strong Risk plan and target state.

• Partner with USPB CRO, Wealth CRO and LF/B&I Retail CRO and their management team to understand emerging and evolving requirements and risks that could be met or mitigated through systemic solutions

• Partner with business and risk SMEs across 1st & 2nd LOD and Technology leads to synergize requirements, roadmap and architecture, to improve overall return on tech investments and accelerate delivery & adoption of planned digital capabilities.

• Drive cross training within risk systems and technology teams, and with key groups in USPB Risk CAO function and especially India based shared services teams, to expand bench strength/capacity and develop talent pool for specialized risk/tech execution.

• Accountable owner and delivery lead for 100+ consent order milestones ad deliverables linked to global risk systems and processes noted above.

• Establish strong governance and change management controls to ensure intent of risk process transformation and expected benefits from technology investments are realized, including full requirements to delivery traceability, expanding & enforcing use of common calculations for key risk indicators, and common business architecture entitlements, attestations, automated reconciliation and inputs/outputs assurance, clear & auditable use of authorized data sources and reporting and reduction in EUCs/manual steps.

Qualifications:

• BS or MS degrees in business, finance, economics, computer science or other analytically intensive discipline

• 20+ years of experience in risk management/technology, with at least 10 years of people management experience and leadership roles

• Risk policy/Risk Modelling/Risk Reporting experience- a Plus

• Respected technology thought leader with deep risk management mindset and strong understanding of personal banking and wealth management risk policies & key regulations including heightened standards and BCBS239

• Design Thinking and Agile Product Development experience

• Ability to synthesize complex technology issues and opportunities into simple and effective presentations to non-tech audience

• Excellent verbal and written communication skills, with a proven track record of engagement with Regulators, Business and Technology senior leadership teams.

• Proven change maker with solid track record for delivering complex technology programs on time and budget – with great user adoption.

• Strong leadership experience, with the ability to exercise good judgment and make key, timely decisions

• Strong interpersonal skills including influencing, facilitation, and partnering skills, able to leverage relationships and work collaboratively across an organization

• Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.

• Strong governance skills with prior leadership in managing global teams/projects and leading re-engineering of risk processes and systems – with complex data, regulatory risk, client aggregation and reporting needs.

Job Family Group:

Risk Management

Job Family:

Business Risk & Control

Time Type:

Full time

Primary Location:

Irving Texas United States

Primary Location Full Time Salary Range:

$250,000.00 - $500,000.00

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.

Anticipated Posting Close Date:

Mar 25, 2024

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.

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.