Job Description

The Central Control Capabilities function is responsible for driving Monitoring & Testing (M&T) of key controls across the enterprise.


The Control Assessment and

Central Testing

functions partner with the Control Owners and the In-business Control Teams to conduct all the M&T activities for the key controls in scope of the CTU - this includes the control design assessment (CDA), the development of tools for operational effectiveness monitoring (OEM) and operational effectiveness testing (OET), the assessment of the design of the OEM & OET tools (MDA & TDA), the execution to the OEM & OET activities, and the disposition of the exceptions identified through the M&T activities.


The Central Testing function is primarily based out of Citi Service Centers in India. It is structured along three verticals: (1) M&T Execution, (2) M&T Automation, and (3) Strategy & Governance. The identified candidate for this role will be part of the M&T Execution, Control & Monitoring Design Assessment team.

Responsibilities:

The primary function of this position is the timely execution of the Managers Control Assessment (MCA) program Have a good understanding of the Risk & control framework and the underlying fundamentals on Risk Management Supervise & manage teams involved in the end to end monitoring of the controls as defined in Risk Management policy Maintain oversight and monitoring of the operational risk management system and the quality of the generated data Lead / participate in strategic initiatives viz. control performance enhancement, etc. Participate in leadership meetings to analyze documentation and processes to ensure risks and control points are properly addressed Involve in Control & Monitoring Design Assessment (CMDA) meetings and provide expertise/ guidance in drafting the procedures. Consistently challenge the existing procedures to check relevance to evolving risks/ change in process Pro-actively identifies any monitoring breaks and suggest enhancements Support with the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC) Apply knowledge of the business, products or services to identify and implement control points and processes throughout the business Serve as partner to the onshore team & controls group and involve in Risk redesign or any other reengineering initiative Conduct training and regular refresher sessions on the Risk management framework to upskill the colleagues in the team. Ensure 100% delivery is achieved as per the agreed SLA Manage a strong stakeholder connect through regular touchpoint meetings

Team Management Responsibilities

Handle a team and ensure appropriate coaching & support is provided Foster an environment of learning and development Drive a strong emphasis on adherence to Citi culture, leading by example Ensure a robust performance management system is followed

Qualification

12+ years of relevant experience in Operational Risk/ Enterprise Risk Management/ Business Risk Management including team management Strong knowledge of regulatory requirements related to Operational Risk/ Internal controls Demonstrated understanding of operational risk and gap identification Experience in at least one line of business or function in financial services (e.g. Personal Banking, Wealth Management, Markets, Services, Finance, Technology) with related in-depth product knowledge Excellent verbal and written communication skills Customer focused with excellent Interpersonal skills and ability to work well in a team environment collaborating across diverse groups Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements Self-motivated and detail oriented Exhibit problem-solving and decision-making skills

Education:

Bachelor's/University degree

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Job Family Group:

Controls Governance & Oversight
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Job Family:

Quality Assurance, Monitoring & Testing
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Time Type:

Full time
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Most Relevant Skills

Analytical Thinking, Assurance Strategy, Communication, Constructive Debate, Controls Assessment, Controls Lifecycle, Policy and Procedure, Risk Remediation, Stakeholder Management.
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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.
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