Operational Risk Sr. Group Manager - Hybrid

The Operational Risk Sr Group Mgr manages multiple teams through other managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an intergral member of the functional leadership team within a country/site location, job family, or line of business.

Responsibilities:

Provide oversight and Manage a team of risk professionals supporting the New Products & Initiatives projects submitted by the business for in-depth risk assessment and preparation for presentment to varies governance committees such as NCC, CPAC, DPAC, etc.

The teams primary responsibilities are, but not limited to, the functions below:

Risk Assessment

• Partner with the Project Manager, BORM, Operational SME's to identify inherent risk.
• Assists in identification of Stakeholders, BORMs, Operational Contacts or Subject Experts to aide in risk assessment effort.
• Supports and Guide on identification and collection of supporting controls or ARCMs
• Provides objective assessment of effectiveness and comprehensive risk mitigation.
• Apply Effective Challenge to identify unmitigated risk and propose enhancements or new controls required.
• Provides recommendations on control language, scope, activity, taxonomy classification, monitoring effectiveness, overall quality and consistency of controls as associated to the inherent risk of project scope, product, or intent.
• Partners with BORM to create recommendation for Business Leaders and SORMs for approval based on holistic review of control framework impacted by the change.
• Ensures supporting artifacts are complete, accurate, comprehensive, and transparent on risk mitigation.

Post Implementation Review

• Tracks deliverables and Coordinates with Business to ensure all required data, artifacts, and evidence applied is accurately presented and communicated within Post Implementation Assessment template.
• Supports CBORC evaluation of results and provides position on completeness.
• Reviews all documentation and provides approval of CBORC required additions.
• Advises and ensure Issues are opened by Business for any gaps found within Post Implementation commitments.
• Reviews results with BORM/SORM

Governance

• Supports pull of ARCM's from CitiRisk & Control for reference within matrix development.
• Maintains internal Procedures and Templates
• Provide awareness on updates to impactful Procedures/Policies
• Provides awareness on Regulatory and Project scope presented within Change Committees
• Ensures consistent approach, format, content of Operational Risk Matrix and assessment with cross line of business peers/ groups.
• Performs internal control testing.
• Assist in maintaining Sharepoint reference documents, templates, access.
• Partners with BORM to perform support for all topics related to Change Committee topics.

Qualifications:

• 15+ years relevant experience
• Experienced in Operational Risk. Knowledge of other risk disciplines (market risk, credit risk) a plus.
• Demonstrated analytical ability; asks insightful questions, break analytical challenges into workable components and draws meaningful conclusions. Well versed in breaking down complex matters into core issues and root causes that can be more readily addressed.
• Proficient in developing new ideas to mitigate risk and improve current processes.
• Prioritizes high impact potential problems effectively. Consistently reads different situations accurately and takes appropriate action to gain senior colleague/ client commitment. Articulates clearly how risk technology supports unit's business, as well as the issues due to gaps between the current technology and known business requirements. Ability to measure and assess the impact of stress shocks including fat-tailed risks. Well-versed in reviewing the dimensions of franchise risk.
• Advanced Leadership skills Operates as a leader, with an understanding and appreciation for diverse backgrounds.

Education:

• Bachelor's/University degree, Master's degree preferred and managerial experience

Job Family Group:
Risk Management

Job Family:
Operational Risk

Time Type:
Full time

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