Operational Risk Specialist
Citigroup Inc.
0 - 2 years
Chennai
Posted: 9/28/2023
Job Description
Responsibilities:
- Participates in the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
- Contributes to risk assessments and drives actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
- Provides governance and oversight may include (not limited to) technology operational risk, risk for example.
- Ensures BAU policies and procedures meet regulatory and business obligations
- Utilizes MIS to monitor exceptions; and where necessary perform root cause analysis
- Act as a point of contact for issue escalation and regulatory exams and audits
- Tests confirmations and prospectus delivery processes and controls
- Works with technology teams to develop automated solutions for processing and monitoring
- Identifies issues, oversee remediation efforts, and escalate fails to Middle Office, Compliance, Technology
- Acts as a subject matter expert and perform business analyses development of related control frameworks
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's 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.
Qualifications:
- 0-2 years related experience
- Consistently demonstrates clear and concise written and verbal communication skills
- Experience in collecting, and documenting business and technology processes
- Excellent oral and written communication skills and ability to facilitate discussions
- Ability to quickly grasp and master new concepts / requirements and related product / functional knowledge
- Ability to create and deliver presentations to senior levels of management and/or stakeholders
- Ability to work under pressure and manage to tight deadlines or unexpected changes in expectations or requirements
- Willingness to ask questions, challenge the status quo and seek out answers
- Ability to work independently, multi-task, and take ownership of various analyses or reviews
- Excellent analytical and problem solving skills
Education:
- Bachelor’s/University degree or equivalent experience
About Company
Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is incorporated in Delaware. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. It is one of the eight global investment banks in the Bulge Bracket.
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