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Markets Post Trade Transaction and Processing Risk Finance and Risk Lead (Director), London

Created12/07/2021
Reference21377811
CategoryBusiness Strategy, Management & Administration
CountryUnited Kingdom
CityLondon
ZipEC1A
SalaryCompetitive
The Transaction and Processing Risk (TPR) Finance and Risk Group is a new group within a new function responsible for providing front to back connectivity with support partners primarily in Finance and Risk in proactively developing and implementing solutions to control and monitor transaction and processing risk activities to ensure they operate within risk appetite. The role reports to the Post Trade TPR Head and is part of the Markets COO organization. The team establishes and maintains a robust 1st Line of Defense control environment and culture to minimize operational risk within the business

The Senior Business Unit Manager is a senior management-level position responsible for accomplishing results through the management of a professional team or department. The team drives the overall administrative activities of the business. These tasks may include managing external audits, business continuity activities or addressing regulatory issues. The Senior Business Unit Manager coordinates and manages activities such as the tracking of business financials, employee headcount and other administrative needs and ad hoc projects as necessary.

Responsibilities:
  • Create methodologies, procedures and governance of the Productivity Area to ensure expense targets are met by each business/function
  • Evaluate and approve investment/expenditure requests and capital expenses for all areas/functions
  • Ensure approved out-of-budget expenditure requests are appropriately handled
  • Engage in cost management activities, such as validating spending and cost saving initiatives, monitoring savings initiatives and expenses, as well as monitoring consistency between financial information, productivity information and HR reports
  • Identify opportunities to optimize costs, propose initiatives and lead creation of direct expense plans in partnership with internal functions and teams
  • Mange and drive the process to set up a continuous cycle of organization/operating model reviews to shape the local organization model
  • Provide leadership and promote business ties with internal and external senior leaders/clients across key businesses, regions and support functions
  • 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.


Qualifications:
  • Experience in financial services
  • Experience in people management
  • Knowledge of the financial services industry and technology
  • Proven ability to work in a team of diverse skill sets and cultures
  • Proven ability to work in high-pressure, time-sensitive environments
  • Consistently demonstrate clear and concise written and verbal communication


Education:
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred


Location:
  • This position is also being hired across the following regions: New York, Tampa, Singapore, Hong Kong and Belfast
  • Act as the Markets point of contact for all post trade Transaction & Processing Risk related matters arising within Finance and Risk processes in Markets.
  • Drive a culture of ownership and set "tone from the top" for complying with all applicable regulations, policies and encouraging a culture of continuous process improvement.
  • Partner with Finance and Risk groups to assess controls and lead initiatives to enhance them where necessary.
  • Provide functional expertise and identify solutions to minimize transaction and processing risk and manual process arising from Markets business activity.
  • Oversight and leadership of various components of relevant Consent Order workstreams for Markets.
  • Drive efforts to ensure commitments made to regulators are met and act as the first point of contact on regulatory matters related to processing risk.
  • Initiate and chair risk governance meetings relevant to post-trade processing risk ensuring front to back connectivity across all asset classes.
  • Support Product development teams and Compliance to assess Transaction & Processing Risk for new and enhanced products and services.
  • Utilize Citi's risk management tools for the measurement, monitoring and management of exposure including acting within Risk Appetite.
  • Analyze control environment, vet new systems, processes, policies and procedures associated with Transaction & Processing Risk and drive Markets to be best in class.
  • Represent the Markets business and provide subject matter expertise at various global and regional committees and working groups
  • Build-out and manage a newly established team, expected to be up to 5 individuals in multiple locations


Job Family Group:
Business Strategy, Management & Administration

Job Family:
Business Administration

Time Type:

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EmployerCitiGroup