Wealth Risk Process and Technology Oversight Director
We are looking for an experienced, energetic leader who will be responsible for oversight of risk process execution/ technology initiatives for Wealth risk management.
The ideal candidate will have extensive experience in Private Bank/Wealth Management, specifically across risk management/risk systems/operations, with respected subjected matter expertise (SME), great interpersonal skills and ability to provide credible challenge.
Team/Role Overview
USPB (US Personal Banking) Risk CAO (Credit risk Officer) organization provides a global focus for risk management strategy and 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.
The Wealth Risk Process and Technology Oversight Director role is critical to wealth strong risk management and reports to Managing Director of Risk Process Digitization and Technology Execution, in USPB Risk CAO organization.
The Wealth business is anticipating unprecedented business growth on a global scale amongst ultra-high net worth clients in the next decade and plans to develop new products and services to clients. The role offers a unique opportunity for a motivated risk/tech leader to contribute to Wealth business’ progress to strong risk management.
What you’ll do
- Serve as senior risk/tech expert and change leader to understand, guide and oversee process/tech centric initiatives in Wealth Path to Strong Plan
- Identify, manage and escalate dependences/issues stemming from wealth business being a “bank within a bank” – with multiple retail, wholesale, counterparty, fiduciary and investment products risk requirements, and complex client aggregation needs.
- Partner with first and second line SMEs for
- timely resolution of issues adequacy of compensating controls and
- well managed progress towards a clear & aligned tech program roadmap
- Ensure process design, technology/business architecture and execution change proposals are
- appropriately vetted,
- fit for purpose and
- that risk requirements for managing the portfolio and attendant risks and controls are not compromised through the target state journey.
- Lead independent assessments and targeted deep dives of prioritized risk processes and systems to
- validate compliance to defined policies and requirements, and
- identify gaps/concerns that warrant further management attention
- Partner with USPB/Wealth Risk Data Oversight Director to review global data concerns and confirm materiality/impact to key wealth risk processes
- Work closely with Wealth Risk Reporting leads, Business/Technology Leads and USPB Risk CAO shared analytics teams to improve digitization, data quality, timeliness and coverage of key management reports. Manage a direct team of six and partner with larger shared services organization to deliver on responsibilities.
- Role also supports Wealth CRO and Wealth Risk Management with
- risk staffing & Senior Credit Officer capacity assessments,
- product program governance including coordination with Wealth-New Activities Committee.
What we’ll need from you
- Bachelor's degree required; MBA or related Masters Degree preferred
- Advanced understanding of credit risk management and regulatory risk reporting, with private client product knowledge, systems/process re0engineering and investments management a plus
- Effective negotiation and credible challenge skills, at all levels of management.
- Proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
What we can offer you
By joining Citi London, you will be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), with a competitive base salary, and enjoy additional benefits including:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional annual performance related bonus
- Private medical insurance
- Employee Assistance Programs
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group:
Risk Management
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Job Family:
Credit Decisions
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Time Type:
Full time
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