• Job Description

  Req#: 23657137

  Citi’s Banking, Capital Markets and Advisory (BCMA) division provides comprehensive relationship coverage and a full suite of products and services to be the best possible financial partner to its institutional clients. Citi leverages the breadth of its unmatched global network to meet clients’ debt capital raising
  needs and to provide merger and acquisition and equity-related strategic financing solutions. From inaugural issuances and exchanges to cross-border transactions and first-of-their-kind landmark structures, our track record of successfully executing transactions in both buoyant and challenging market conditions is a testament to Citi’s unwavering commitment to provide the highest quality service to clients. By serving these companies, we help them grow, creating jobs and economic value at home and in communities worldwide.

  Overview

  The Business Risk & Control Manager role will be responsible for the oversight of Banking, Capital Markets and Advisory (BCMA) Investment Banking (IB), Equity and Debt Capital Markets India Operational Risk & Control requirements. The individual will provide governance & oversight of operational risk identification, assessment, and monitoring and mitigation process as a First Line of Defense function. The role has a direct reporting line to the Regional BCMA In-Business Risk & Control Head based in Hong Kong with a matrix reporting line to the BCMA India Business Head.

  The individual will perform the role through proactive engagement and coordination with global and regional Business Management, Regional In-Business Risk & Control teams, and in-country business teams, through effective challenge in formal governance forums and in day-to-day management processes. Additionally, the role 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.

  Additionally the role will support the BCMA India Business Head with key Business Management processes and implementation of business strategy. This will include and not limited to close coordination with business team to prepare various strategy / business update presentations required for periodic updates to the Board of CGMIPL, monthly business head sessions, CCO, franchise review sessions, weekly revenue / pipeline tracking for the various products, budgeting, HR processes, compliance related tracking / follow ups, liaising with internal/ external auditors during audits etc.

  Responsibilities:

  • Oversight of internal controls, identification of key operational and emerging risks by ensuring appropriate review and continuous assessment, design and execution of those controls and compliance with regulations. Maintain line-of-sight on risk and control matters as they impact the Business in India.

  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the Firm’s reputation and safeguarding Citigroup, its Clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

  • Participate in various management forums at both the local and Regional levels. Keep BCMA Management aware of the risk and control environment of the Business through continuous and open communication, by preparing and hosting Business Risk Committee meetings with Senior Management to present and follow-up on issues, concerns and correct action plans.

  • Working with the BCMA Regional In-Business Risk & Control Team update and maintain a robust global Manager’s Control Assessment (MCA) through Citi’s Governance, Risk and Control (GRC) framework. Engage in the risk assessment process, controls and Key Risk Indicators (KRI) thresholds design, as well as continuous monitoring of Key Operational Risks (KORs) in compliance with Citi’s Operational Risk Management Policy.

  • Responsible for local management reporting in coordination with regional risk and control teams, including quarterly reporting on changes to the control environment, significant events, lessons learned and root cause analysis as applicable. There may be a requirement for collaboration with the Global BCMA Team which may include conference calls / video calls with the headquarters in US time zones.

  • Locally oversee key operational risk areas and maintain a close working relationship with internal policy owners at the second line of defense, including Independent Compliance Risk Management (ICRM), Operational Risk Management (ORM), Information Security (IS), Third Party Management (TPM), etc.

  • For BCMA IB, Equity and Debt Capital Markets India act as main point of contact for Internal Audit and Compliance Testing or Monitoring groups and ensure that all deliverables requests are timely and appropriately addressed. Conduct root cause analysis on potential issues identified and support the business in the design of corrective and preventive action plans. Discuss remediation plans with reviewers prior to validation stage.

  • Coordinate the implementation of global and regional risk and control projects and initiatives. Work with the relevant country franchise and Second Line teams (including processes tied to internal and external third parties) to map and document processes in order to achieve consistency while addressing local nuances.

  • Work closely with the both Regional and India BCMA leadership and management teams to develop and implement business strategy.

  • As required facilitate, support and lead key business initiatives.

  • Prepare senior management presentations and briefing memos required for periodic updates to the Board of CGMIPL, monthly business head sessions, CCO, franchise review sessions, etc.

  • Take initiative and help in completing HR processes for the team including hiring, goal setting, mid-year / year end feedback, banker scorecards and coordinate rating discussions

  • Coordinate with business and plan / implement key strategy, revenue forecast, track performance, pipeline, client classification and wallet analysis

  • Compliance support including assistance, tracking and resolutions on MCA, sanctions, SDD, CAPS, CEATS, deal files, OLAE, etc.

  • Assist on day to day matters including gift register, offsite/ in site coordination, work closely with assistants and keep a track of their performance / ratings

  • Drive and execute key projects and adhoc analyses within the business

  Qualifications:

  • Minimum 8 – 10 years in Operational Risk Management / Enterprise 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

  • Comfortable working on spreadsheet and PowerPoint presentations

  • Knowledge and understanding of Citi applications and systems would be advantageous·

  • Demonstrated judgement and critical thinking skills.

  Education:

  • Bachelor’s/ University degree or equivalent professional qualification

  • Bachelor’s/University degree or equivalent experience, potentially Masters degree

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  Job Family Group:

  Risk Management

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  Job Family:

  Business Risk & Control

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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

• About the company

  While we're a global bank, our mission is simple: We responsibly provide financial services that enable growth and economic progress. We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. We ask our colleagues to ensure that their decisions pass three tests: they are in our clients' interests, create economic value, and are always systemically responsible. When we do these things well, we make a positive financial and social impact in the communities we serve and show what a global bank can do.

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