Operational Risk Senior Manager

Citi•New York, NY

About The Position

Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. Establishes and oversees 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. independently asses risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices. Governance and oversight may include (not limited to) technology operational risk, cyber risk for example. Serves as an oversight function working with the In-Business OR and Independent Risk Teams Drives - Operation Risk Anticipation, Mitigation and Loss Recovery (and respective Recovery Plans) Ensures Operation Risk Policy implementation and exception approvals Informs Operational Risk Council on Sub-Segment Level OR related matters Attends In Business Risk Committees Leads- oversees the annual Key Risk Indicator (KRI) reviews Monitors KRCIs triggers and thresholds and the analysis by the Business Liaises with Business ORM on breaches and action steps to correct breaches Communicates and Escalates breaches in KRCIs at the Segment Level Works on T-10 (deep dive - root cause analysis) with support of In-Business ORM and drive corrective actions Exports best practices and common risk, controls and corrective actions through Framework Papers

Requirements

10+ years relevant experience
Significant experience in Operational Risk is a must
Management of a global operations and a complex environment that includes global teams
Excellent communication skills - verbal & written
Bachelor's/University degree
Analytical Thinking
Constructive Debate
Controls Design
Escalation Management
Issue Management
Operational Risk
Policy and Procedure
Policy and Regulation
Risk Controls and Monitors
Risk Identification and Assessment

Nice To Haves

Other risk and control disciplines would be a plus - credit, and market
Experience in Internal Audit or Financial Control would be desirable
Expertise in the following would be beneficial: Fraud Awareness and Risk Management Operations and Systems (Information Security Standards, Vendor/Outsourcing Management and MCA Legal and Regulatory Compliance
Master's degree preferred

Responsibilities

Short- to medium-term planning of actions and resources
Full management responsibility of a team or multiple teams
Management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval
Establish and oversee the application of operational risk policies, technology and tools, and governance processes
Create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks
Independently asses risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices
Governance and oversight may include (not limited to) technology operational risk, cyber risk for example
Serves as an oversight function working with the In-Business OR and Independent Risk Teams
Drives - Operation Risk Anticipation, Mitigation and Loss Recovery (and respective Recovery Plans)
Ensures Operation Risk Policy implementation and exception approvals
Informs Operational Risk Council on Sub-Segment Level OR related matters
Attends In Business Risk Committees
Leads- oversees the annual Key Risk Indicator (KRI) reviews
Monitors KRCIs triggers and thresholds and the analysis by the Business
Liaises with Business ORM on breaches and action steps to correct breaches
Communicates and Escalates breaches in KRCIs at the Segment Level
Works on T-10 (deep dive - root cause analysis) with support of In-Business ORM and drive corrective actions
Exports best practices and common risk, controls and corrective actions through Framework Papers