Job Description Summary
Operational Risk Management - Data Management (DM) is part of Citi’s second line of defense (2LoD). Our mission is to drive comprehensive and consistent practices designed to identify, measure, monitor, report and manage operational risks while promoting the implementation of actions to address root causes which may lead to unintended operational losses.
ORM - DM consists of experienced professionals who provide subject matter expertise to objectively evaluate, independently oversee, and constructively challenge first line of defense (1LoD) teams, governance, processes, and controls.
Data Risk Vice President (VP) - Data Risk Appetite Quantity & Quality would be part of the Governance, Strategy and Policy team within the Operational Risk Management – Data Management Organization. This position is accountable for assessing and challenging Citi’s quantity and quality of risk in the Risk Appetite Statement. The individual will play a critical role in assessing multiple sub-factors that are now required in order to arrive at an independent view on Path To Green for the implementation and execution of the Citi Data Governance Policy.
Additionally, the individual will assist in executing a functional strategy within ORM – Data Management this includes determining the approach to implementation, accountability for end results, budgeting, planning, policy formulation and contribution to target state.
The Data Risk Vice President – Data Risk Appetite Quantity & Quality will be a thought leader in operational risk management and data management practices with hands-on experience in data management, risk and controls within globally complex, dispersed and diverse organizations.
The ideal candidate will have knowledge of data management, regulatory and operational risk management practices; as well as:
o Ability to drive credible challenge on the foundational aspects of a Risk Appetite statement including detailed analysis of sub-factors that contribute to Quantity and Quality of Risk
o Drive internal productivity, standardization, and process re-engineering, identifying opportunities to simplify both operational and strategic environment.
o Solid knowledge and expertise in the use of data governance, data quality, metadata, profiling, analysis, and data management tools.
o 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
o Understand the application of an ORM Framework and execution of a Risk Appetite Policy and standards.
o Knowledge of data related industry best practices as well operational risk management principles and methodologies and tools.
o Knowledge and expertise in data governance, data compliance, and industry best practice and provide feedback and guidance for policy compliance and policy related questions.
o Excellent problem-solving and critical-thinking skills to recognize and comprehend complex data governance issues, policies, regulatory requirements and industry information affecting the business environment
o Relationship management and consulting skills with proven ability to quickly earn the trust of sponsors and key stakeholders, mobilize and motivate teams; set direction and approach, resolve conflict, deliver tough messages with grace, execute with limited information and ambiguity
o Independent judgement with strong analytical, risk assessment and auditing skills.
o Proficiency in risk and control data analysis, in particular that ability to incorporate and understand mass information from a variety of sources to recommend a course of action.
The candidate applies diverse methodologies and deep experience in a variety of disciplines to identify and solve complex and/or undefined data management risk problems. Collaborates with leadership to remediate gaps and improvements identified between existing practices and will also be responsible for identifying, anticipating, challenging, and mitigating risks that could affect business objectives, and minimizing operational risk events and losses in assigned Enterprise Operations entities.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Qualifications and Experience:
- 5-7 years of relevant experience; Data Governance/Data Management
- A minimum of (4) years of combined experience and in-depth knowledge of Data Policies and Standards, Data Governance, Data Quality, Change Management, Banking, and Operational Risk Management.
- Experience with cross-functional / business delivery, ideally with large data-intensive program management experience.
- Experience with data programs, including BCBS 239 Principles, Global Data Governance practices and policies.
- Experience of Risk and Finance functions/architecture and familiarity with Citi Business (i.e. ICG, GCB) would be advantageous
- Experienced in project management with excellent organizational, follow-up and time management skills.
- Exceptional communications skills, adept at written updates for board and regulators, skilled at storytelling.
- Bachelor’s degree; experience in operational risk, finance, engineering, information systems, compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus.
- Advanced degree (e.g. JD, MBA) or Certifications (e.g. FRM, PRM, CDMP) a plus
Job Family Group:
Tampa Florida United States
Primary Location Salary Range:
$103,920.00 - $155,880.00
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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