Business Risk Senior Officer - London, United Kingdom - Citi

Citi

Verified Company

London, United Kingdom

6 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The Volcker Rule Office (VRO) is Citi's first line function that manages ongoing firm-wide compliance with the Volcker Rule.

Working closely with the businesses, ICRM, Legal, Finance, Risk, etc, the team is responsible for the design and operation of key Volcker controls for the firm including, but not limited to, Reasonably Expected Near Term Demand (RENTD) analysis for limit setting, Covered Fund monitoring, Trading Mandates, Risk Mitigating Hedging controls and Metrics reporting to the Volcker Regulators.

As a member of the Volcker Rule Office, you will deliver integrated solutions supporting Citi's global Volcker Rule compliance program, in line with regulatory expectations.

Responsibilities include working closely with Volcker RENTD team in supporting Volcker RENTD framework, implementation of critical data model transformation and data quality control remediation projects, facilitating conduct governance, delivering business analytics and reporting, monitoring and analysing key risk and control indicators.

This role is a key member of a broader 1st Line Risk & Control function in Citi Global Markets as one of the major businesses within the Institutional Clients Group.

The Markets Risk & Control team is mandated to establish and maintain a robust 1st Line of Defence designed to minimize risk within the business including leading critical control initiatives to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks.

Responsibilities and priorities will reflect needs of Volcker RENTD framework and will evolve over time, however the following are some of the specific activities expected of this role:

Support Volcker limit review framework
Develop strong understanding of different groups within Volcker rule office and in the Trading Risk & Control organization
Conduct data testing, ensure issue resolution and appropriate documentation
Identify, prioritise and proactively manage dependencies, risks, exceptions and issues
Prepare and present materials for quarterly RENTD review with Desk Heads and MRMs
Understand project plans and workstreams and interdependencies across workstreams
Collaborate with technology teams in driving deliverables and issue resolution
Partner with key stakeholders both internal and external to the projects

10 - Assist with the project management and drive delivery of key changes across a number of Volcker and Price Risk projects

Qualifications

6+ years' experience in financial services
Excellent technical skills in MS Excel, SQL, Visual Basic, SharePoint etc. Python is a plus.
Excellent written and verbal communication skills
Excellent problem solving skills
Ability to see the big picture with high attention to critical details
Ability to develop and implement strategy and process improvement initiatives.
Effective organizational influencing skills required.
Third party vendor management preferred. Demonstrated ability to lead global team efforts

Education:

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 & Controls

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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.

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