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APAC - Risk Management Legal Entity Oversight Coordinator - Senior Vice President.

Job LocationSingapore
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaNot Mentioned
EmploymentTypeFull-time

Job Description

Job Background/Context:The APAC Chief Risk Officer (APAC CRO) is responsible for managing Citi’s risk from a regional dimension with oversight of all the risks in Asia across Consumer, Commercial, ICG, and the Private Bank. The APAC CRO provides prudential supervision and strategic direction for the entire Independent Risk Management organization in Asia to ensure active identification and management of emerging and existing risks. The APAC CRO also has primary interface responsibilities with the various regulators across Asia and is a key partner to the APAC CEO.The APAC Risk Management Legal Entity Oversight Coordinator role provides unique visibility and exposure to different countries, businesses, functions, products, and risk types. The candidate will have significant interaction with the APAC CRO, Citi’s senior management, and subject matter experts as well as direct responsibility for one of the most critical strategic projects for Citi in the region.Responsibilities Include:Key responsibilities are as follows.Establish and ongoing oversight of Legal Entity Risk Management Frameworks (RMF), Policy, Standards and Procedures in line with minimum baseline standards and local regulatory requirements for all applicable entities in APACEstablish and ongoing oversight of the Legal Entity Risk Appetite Framework (RAF), Policy, and Standards in line with minimum baseline standards for all applicable legal entities in APACEnsure that dispensations are sought where minimum standards are not being metOversee implementation of Risk Management Information (MI) toolsMonitor and report all relevant risk categories and types against appetites set to the relevant committees and/or boards within the region in a timely fashionPerform gap analysis of Legal Entity capabilities against the baseline standards for RMF, RAF and MI for all applicable entities in APACEstablish the necessary remediation plans to ensure a path to green including any interim risk mitigation controls that may be requiredParticipate in Risk MI tool development through the provision of detailed requirements to the development team, participation in UAT, gap analysis and remediation through to go-live in productionTransition development of Legal Entity RMF, Legal Entity RAF, and MI to a BAU process including establishing any required annual review process for legal entitiesEngage with regional peers and central resources on ongoing development to ensure globally consistent approach for any required enhancements of Legal Entity capabilitiesParticipate in Legal Entity tiering discussions (for relevant Legal Entities) including proposals to change tiers, ensuring implications are fully considered and appropriate steps are taken to meet minimum baseline standardsProvide strategic analytics and information management to senior management. Responsible for communicating implications of existing Legal Entity-related regulations and developing potential responsesAnalyze new risk-related guidelines, best practice standards, rules and regulations. Provide updates, as needed, to management and regulators on exam and issue remediation status including progress against milestones, risk identified and any other potential impactsSignificant interaction with a wide range of senior bank and risk management colleagues, as well as external stakeholders such as regulators / auditorsInitiate feedback sessions with global and legal entity teams; leverage feedback to influence change throughout organizationManage regulatory or Internal Audit examinations related to legal entities to achieve full complianceAppropriately assess risk when decisions are made, demonstrating particular consideration for the firms 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 others and create accountability with those who fail to maintain these standardsExperience and Qualifications:Bachelor’s/University degree, Master’s degree preferred10+ years Risk experience in a global organization, with experience in product program governance and risk management frameworksStrong knowledge of multiple risk categories spanning Financial (e.g., Market, Credit, Liquidity) and Non-Financial (e.g., Operational, Compliance, Reputation and Strategic)Strong awareness of both bank (including Branch network) and broker dealer chains and their respective strategies, products, risk profiles and regulatory requirements in a global marketplaceKnowledge of applicable Citi frameworks, policies, and standardsBroad understanding of classifiable and delinquency managed credit and operational policies and procedures; ability to interpret financial and risk reportingFamiliarity with regulatory landscape facing global banks; previous experience in managing regulatory inspections and auditsDemonstrated ability to effectively partner with key constituents and stakeholdersDemonstrated direct and indirect influence abilitiesExperience in producing reports and presentations for senior audiences and stakeholdersDemonstrated ability to distill technical concepts and results into intuitive, impactful, and easily digested messages for senior management, auditors, and regulatorsProject management experience with proven ability to develop project plans and drive a diverse group of stakeholders to achieve milestones and deadlinesExperience with issue resolution including root cause analysis, mitigation plans, and remediation activitiesExpert knowledge of Citi products, risk processes, and controls with good understanding of regulatory requirements and risk managementAttributesDemonstrates strong ethics and integrityDemonstrated ability to effectively voice and defend independent views and handle conflictExcellent interpersonal and communication skills for interaction with senior management and regulatorsDemonstrated ability to effectively navigate organizational complexity, break silos and build partnerships across functional and business peersExperienced in partnering with global peers to leverage and implement best practicesMakes decisions using well-reasoned judgment under pressure and in a timely manner; identifies and assesses alternatives as part of the decision-making processAbility to adapt and perform well under pressure and through rapidly developing situationsStrong ability to influence and initiate change

About Company

Citi is more than a global financial services company. It’s an engine for progress. Join us, and you’ll have the chance to get involved in progress in all its shapes and forms, right across the world. From the micro to the macro, from Australia to Zambia, the work we do has real positive impact. Wherever you are and whatever you do, progress starts here.
Mission: Citis mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.

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