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- Tasks: Lead a global team managing risks in payment services across multiple regions.
- Company: Citi is a leading global payments provider with a vast reach and innovative offerings.
- Benefits: Enjoy competitive pay, career development opportunities, and a diverse work environment.
- Why this job: Join a dynamic team shaping the future of payment risk management in a fast-paced industry.
- Qualifications: 20+ years in Financial Services, strong leadership skills, and a deep understanding of payment products required.
- Other info: Citi values diversity and offers equal opportunities for all applicants.
The predicted salary is between 72000 - 108000 £ per year.
Global Payments Risk Head page is loaded
Global Payments Risk Head
Apply locations London United Kingdom time type Full time posted on Posted 7 Days Ago job requisition id 25875942
Citi is the market leading payment services provider to corporate, public sector and financial institutions clients, with an unmatched global footprint and reach. Products offered encompass high value payments, cross border payments, global clearing products, instant payments, collections, corporate cards and other specialized offerings.
The Payments Risk team, part of Services Risk Management, is the primary 2LOD team responsible for managing risks associated with all payment offerings, in partnership with other BIR teams as well as Operational Risk Management.
The Head of Payments Risk Management will be the senior risk manager for the global Payments Risk team of some 13 risk professionals located in the US, Europe and Asia. The candidate will manage the team and actively engage with all stakeholders in ensuring Citi’s product risk management approach remains best in class. The incumbent will also have a key role in interfacing with the Citi senior risk leadership team, and our regulators.
Key Responsibilities:
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Manage the Payments Risk team based in the US, UK, Singapore and India. Ensure cross training and development for all team members to increase bench strength and to aid succession planning
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Senior risk partner for the Global Head of Payments and her team. Function as the risk sounding board for ideas and innovation in this fast evolving and highly competitive space
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Global Responsibility for:
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The Clearing Risk portfolio: Managing the portfolio and ensuring that limits remain appropriate to strike a balance between straight through processing, real time review of exceptional peaks, credit risk appetite, and fraud risk considerations.
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37 Global Payments, Collections, and Card Programs: Setting Product Target Market and Risk Acceptance Criteria boundaries and approving exceptions. Collectively with other control functions, ensuring all risks are properly identified and mitigated
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New Activity Committee participation to lead risk discussions on all rollouts, including groundbreaking new digital asset offerings
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Risk representative on the Correspondent Banking Oversight Committee and the Payment Intermediary Oversight Committee
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Intraday Liquidity Management with Treasury, including approval of the annaul Fed Debit Cap self-assessment
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Primary Regulatory interface for all Payment Risk Management activities – OCC, Fed, PRA etc
Qualifications and Competencies:
Knowledge/Experience:
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A solid understanding of industry trends, competition, product innovations, and potential disruptions in this highly competitive and rapidly changing area
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Twenty or more years of experience in the Financial Services industry; and stature commensurate with the need for regular interactions with senior Services management, regulators, and internal audit as well as for managing regulatory examinations and audit reviews
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In-depth knowledge of Products, Processes, and Systems supporting Payment products, given the interplay of operational and credit risks resulting from high value high volume activities
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Sufficient familiarity with other key risk areas in a Services setting such as Operational and Compliance risks to be provide overall risk leadership in Payments
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Proven experience of managing teams and influencing senior partner teams towards a common goal
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Experience in driving own books of work and delivering against multiple initiatives
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Bachelor’s degree, Master’s degree preferred
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Seasoned Senior Credit Officer, preferably with experience in OECD and Emerging Markets
Skills and Abilities:
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Ability to think critically and communicate with clarity and credibility
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Excellent interpersonal, facilitation and partnering skills
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Able to influence senior stakeholders in large, complex, and multicultural organizations
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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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Most Relevant Skills
Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .
View Citi’s EEO Policy Statement and the Know Your Rights poster.
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Global Payments Risk Head employer: Citibank (Switzerland) AG
Contact Detail:
Citibank (Switzerland) AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Payments Risk Head
✨Tip Number 1
Familiarise yourself with the latest trends in global payments and risk management. Understanding the competitive landscape and emerging technologies will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the financial services industry, especially those involved in payments and risk management. Attend relevant conferences or webinars to build connections that could provide insights or referrals.
✨Tip Number 3
Prepare to discuss your experience in managing teams and influencing stakeholders. Be ready to share specific examples of how you've led initiatives or navigated complex regulatory environments in previous roles.
✨Tip Number 4
Research Citi's approach to payments risk management and be prepared to articulate how your vision aligns with their goals. This will demonstrate your genuine interest in the role and the company.
We think you need these skills to ace Global Payments Risk Head
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Global Payments Risk Head position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Strong CV: Your CV should clearly outline your 20+ years of experience in the Financial Services industry. Emphasise your leadership roles, particularly in risk management, and include specific examples of how you've influenced senior stakeholders and managed teams.
Write a Compelling Cover Letter: In your cover letter, express your passion for the payments industry and your understanding of current trends and challenges. Highlight your critical thinking abilities and how they can contribute to Citi's risk management approach.
Proofread Your Application: Before submitting, thoroughly proofread your application materials. Ensure there are no grammatical errors or typos, as attention to detail is crucial in risk management roles.
How to prepare for a job interview at Citibank (Switzerland) AG
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Global Payments Risk Head role. Familiarise yourself with the key responsibilities and how they align with Citi's objectives. This will help you articulate your fit for the position.
✨Showcase Your Leadership Experience
Given that this role involves managing a team of risk professionals across multiple regions, be prepared to discuss your leadership style and past experiences. Highlight specific examples where you've successfully led teams and influenced senior stakeholders.
✨Demonstrate Industry Knowledge
Citi is looking for someone with extensive knowledge of industry trends and product innovations. Be ready to discuss recent developments in payment services and how they might impact risk management strategies.
✨Prepare for Regulatory Discussions
As the primary regulatory interface for Payment Risk Management activities, you should be well-versed in relevant regulations. Prepare to discuss your experience with regulatory examinations and how you've navigated compliance challenges in the past.
