Operational Risk Officer - Hybrid

Company: Citi
Location: Middletown
Posted on: September 24, 2022

Job Description:

The Operational Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities: Supports BORM and Business Partners to perform risk assessment of change initiatives: - 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 Change Scheduling Awareness
    • Maintains internal inventory tracking projects to reviewed and timelines. -
    • Supports weekly Horizon Report for dissemination to BORMs and Operational Partners. -
    • Updates and advise impact parties as scheduling, needs, scope, or requirements change. -
    • Partners with BORMs to continually review Inventory and aide in timeline management. - Standard/Enterprise Profiles 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:
        • 5-8 years relevant experience - diverse Operational awareness of business or risk in multiple lines of business or functional areas is a plus
        • Ability to multi-task and manage multiple priorities simultaneously
        • Ability to present a compelling case to influence others where appropriate
        • Excellent verbal and written communication skills
        • Excellent interpersonal skills and ability to work well in a team environment collaborating across diverse groups
        • Experience with governance, risk and control management, risk approvals, as well as engaging with 2nd/3rd lines of defense and U.S. Regulators (preferred)
        • Understanding of operational risk, and MCA Control framework.
        • Strong analytical skills and knowledge of Microsoft Office tools
        • Understanding / familiarity with new product development processes (e.g. 1st and 2nd line of defense risk/control mechanisms)
        • Experience with Citi Risk & Control applications a plus
        • Experience in Risk Management, Product Management, Internal Audit, Compliance, or related field a plus Skills/ Competencies:
          • Proficient in MS Office applications necessary for executing job responsibilities
          • Strong analytical and conceptual skills
          • Superior writing skills
          • Superior communication and interpersonal skills
          • Independent thinker and able to perform a credible challenge of the Business
          • Ability to influence and convince without authority
          • Ability to work collaboratively within and across functions and Lines of Defense Education:
            • Bachelor's/University degree, Master's degree preferred ------------------------------------------------- Job Family Group: Risk Management ------------------------------------------------- Job Family: Operational Risk ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. 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 the "EEO is the Law" poster. View the EEO is the Law Supplement. View the EEO Policy Statement. View the Pay Transparency Posting ----------------------------- Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Wilmington , Operational Risk Officer - Hybrid, Other , Middletown, Delaware