At a Glance
- Tasks: Lead a team in managing operational risks and ensuring compliance across Citi's Global Client Organization.
- Company: Join Citi, a global financial institution dedicated to empowering client growth and economic progress.
- Benefits: Enjoy hybrid working, generous holidays, private medical insurance, and a supportive workplace culture.
- Why this job: Be part of a mission-driven team that values innovation, collaboration, and employee well-being.
- Qualifications: Experience in risk management, strong leadership skills, and the ability to influence at senior levels.
- Other info: Citi promotes diversity and inclusion, ensuring everyone can bring their whole self to work.
The predicted salary is between 43200 - 72000 £ per year.
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills to Citi's Risk Management Team. By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview
The role of ORM Coverage Lead - Global Client Organization is responsible for leading a team within Citi's Operational Risk Management (ORM) group providing independent 2nd line risk oversight over Citi's Client Organization. The Client Organization is dedicated to empowering our clients' growth by deeply understanding and anticipating their needs and by harnessing the full power of Citi. The organization takes a firmwide view of our client strategy, segmentation, and coverage model. ORM is an enterprise level independent risk management function responsible for enterprise-wide oversight and aggregation of operational risk across all Businesses/Functions (or Material Legal Entity). This includes augmented, specialized teams with focus on L1 Operational Risk Categories (e.g., Fraud, Processing, Cyber, Technology, Operational Resilience, Third Party) enabling pan Business/Geography views and ensuring consistency of risk assessments and oversight. Individuals in Operational Risk establish and manage operational risk policies aimed to drive consistent identification, measurement, monitoring, reporting and management of operational risk across Citi. The ORM framework is designed to lead to effective anticipation and mitigation of operational risk and improved loss experience. It also provides an enterprise-wide assessment framework for significant current and emerging operational risks. This role is crucial to the company as it fortifies against potential operational risks, thereby protecting the company's financial stability and reputation, and contributing towards the overall business resilience and success.
What you'll do
- Drive the implementation of Operational Risk policies, standards, and procedures to ensure consistency and alignment in operational risk management across the Global Client organization and drive by example, a culture of look across ORM (business, L1 Risk SME and cluster teams) to elevate risks identified and elicit insights from work performed.
- Influence and guide businesses in risk-related decision-making, ensuring the integration of risk management into business planning and daily operations, and oversee the development and implementation of risk monitoring programs, including the creation of key risk indicators (KRIs) and dashboards to track operational risk exposure.
- Lead the reporting and presentation of operational risk status, trends, and key developments to the board, regulators, and other key stakeholders, as applicable, and lead with compassion and reinforce a culture in which people assume best intentions of others; treat others respectfully; listen, understand, and appreciate the unique challenges faced by others.
- Stay informed of regulatory changes and ensure that operational risk management practices comply with all relevant laws and industry standards and support internal and external audits and regulatory examinations, as applicable.
- Engage with key stakeholders to ensure that operational risk management practices are fully integrated into business processes and strategic decisions and inspire people with a compelling and aspirational future vision; demonstrate optimism when leading the organization through challenges and uncertainty.
- Create a highly resilient organization in which people persist through challenges, transparently communicate and own mistakes, and actively apply learnings to make Citi better and create a culture that strongly encourages teams to prioritize enterprise success over individual agendas and do the right thing for the organization.
- Establish a safe environment where people candidly communicate opinions, seek diverse opinions, and actively debate decisions and a culture where teams actively cultivate collaborative partnerships across organizational boundaries; create synergies that deliver added value for Citi.
- Foster a culture that rewards teams to pursue breakthrough ideas and improve business results; proactively invest resources in innovation initiatives and boldly align critical priorities across and eliminate nonessential work that could distract the team from executing key priorities.
- Champion innovative ways to manage risk through streamlining processes and building common methods. Create and reinforce a culture of exceptional controls that support client satisfaction and operational effectiveness; energize and reinforce an ethical environment where doing the right thing for clients and Citi is expected in every decision and action.
- Leverage technology and innovation for continued enhancement of risk management processes and create a performance culture of high expectations that inspires people to continuously deliver excellence and exceed company goals.
- Proactively implement systemic solutions to promote the well-being and engagement of all employees; embody work-life balance through their words and actions and actively encourage others to do the same and solve systemic challenges and build sustainable solutions that fully address the root causes of issues.
- 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 teams and create accountability with those who fail to maintain these standards.
What we'll need from you
- Relevant experience with managing complex risk assessments, designing risk mitigation strategies, and overseeing compliance with operational risk frameworks, interacting with Regulators and Internal Audit, including managerial experience.
- Robust understanding of operational risk management frameworks, industry standards, regulatory requirements, and risk mitigation practices, and Citi's Lending and Banking products and services and downstream impacts of operational risk strategy.
- Demonstrated leadership in partnering with the business and senior management to address operational risk issues and implement solutions, and track record of effectively assessing and managing competing priorities.
- To be an experienced risk challenger who balances risks vs. rewards aligned with corporate risk culture and comfortable in dynamic environments, capable of adapting to change while maintaining focus on risk management objectives.
- Ability to influence across cultures at a senior level, understanding how to operate effectively across diverse businesses, to think strategically and align operational risk management with organizational goals and regulatory obligations, to manage and drive change within the organization, ensuring risk management processes evolve to meet changing business and regulatory environments.
- Outstanding communication skills, with the ability to present complex risk matters clearly and persuasively to senior management, the Board and other stakeholders.
- Strong executive presence and poise to garner credibility and confidence with stakeholders in senior-leader forums and effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
- Robust analytical problem-solving abilities and a high level of integrity to deal with highly confidential data, demonstrated ability to make sound judgment calls on issues that can be both quantitative and qualitative in nature.
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well. By joining Citi Belfast, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional annual performance related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Alongside these benefits, Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Manager - Citi
✨Tip Number 1
Familiarise yourself with Citi's operational risk management frameworks and industry standards. Understanding these will not only help you in interviews but also demonstrate your commitment to aligning with Citi's risk culture.
✨Tip Number 2
Network with current or former employees in similar roles at Citi. Engaging with them can provide valuable insights into the company culture and expectations, which can be a game-changer during your application process.
✨Tip Number 3
Stay updated on recent regulatory changes and trends in operational risk management. Being able to discuss these topics knowledgeably during interviews will showcase your proactive approach and expertise in the field.
✨Tip Number 4
Prepare to discuss specific examples of how you've influenced risk-related decision-making in previous roles. Highlighting your leadership skills and ability to navigate complex situations will resonate well with the hiring team.
We think you need these skills to ace Senior Manager - Citi
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in operational risk management, particularly any leadership roles you've held. Use specific examples that demonstrate your ability to manage complex risk assessments and compliance with frameworks.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Citi and how your skills align with their mission. Mention your understanding of operational risk management and how you can contribute to the team’s goals.
Highlight Key Achievements: When detailing your work experience, focus on key achievements that showcase your ability to influence decision-making and implement risk management strategies. Use metrics where possible to quantify your impact.
Prepare for Potential Questions: Anticipate questions related to your experience with regulatory compliance and risk mitigation strategies. Be ready to discuss how you've successfully navigated challenges in previous roles and how you can apply those experiences at Citi.
How to prepare for a job interview at Citi
✨Understand the Role and Responsibilities
Before your interview, make sure you thoroughly understand the role of ORM Coverage Lead within Citi's Risk Management Team. Familiarise yourself with the key responsibilities, such as implementing operational risk policies and leading risk-related decision-making. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Leadership Skills
Citi is looking for someone who can influence and guide businesses in risk management. Prepare examples from your past experiences where you've successfully led teams or projects, particularly in complex risk assessments or compliance. Highlight your ability to inspire and create a culture of collaboration.
✨Demonstrate Your Analytical Abilities
Given the analytical nature of the role, be ready to discuss how you've tackled complex problems in the past. Use specific examples that showcase your problem-solving skills and your ability to make sound judgments based on both quantitative and qualitative data.
✨Prepare for Regulatory Discussions
Since the role involves interacting with regulators and overseeing compliance, brush up on relevant regulatory requirements and industry standards. Be prepared to discuss how you've navigated regulatory challenges in previous roles and how you ensure compliance within operational risk frameworks.