VP New Activity Risk Management Lead Analyst (Hybrid)

Team/Role Overview

New Activity Risk Management is a part of the Enterprise Risk Management organization responsible for the design and implementation of firm-wide frameworks and practices that are integral and fundamental to Risk Management within Citi. The New Activity Approval Process is integral to Citi’s Risk Governance, providing robust diligence, review, and approvals for new or modified products, services, and capabilities, ensuring appropriate ongoing controls. The scope of the New Activity Policy is being expanded to cover review and approvals of expense management initiatives and large-scale organizational realignments and redesigns across all units of Citi.

Citi’s New Activity Approval process ensures that all new or modified products, services, capabilities, expense management initiatives and operating model changes undergo a rigorous, consistent reviews and approvals to mitigate risks to Citi and its clients. Oversight of Citi’s New Activity Approval Process falls under the Group New Activity Committee and its sub-committees. Beyond approval of new initiatives, New Activity Risk Management also covers requirements for on-going controls and management over the life of the product or service. 

The objectives of New Activity Risk Management are to ensure that significant risks as part of a new activity are identified and evaluated from every relevant perspective, are determined to be appropriate for the businesses, Citi, and its clients, are properly recorded for risk aggregation purposes, and are effectively controlled and have all accountabilities in place. 

New Activity Risk Management offers an efficient forum for risks and controls to be evaluated in the presence of the business and other control functions. Its membership consists of senior representatives from Legal, Risk Management, Compliance, Finance, Operations, Technology and Legal Entity Management. Beyond approval of initiatives, New Activity Risk Management also covers requirements for on-going controls and management over the life of the product or service. 

The Lead Analyst will play a critical role in the team, working with the New Activity Risk Managers, assisting with the management of the review and the approval process. Responsibilities will include supporting the New Activity Risk Manager, facilitating the review process for all stakeholders including Businesses and Functions, organizing Sub-Committee meetings, collating feedback to improve the process and developing analysis on trends and themes in new business initiatives and the process itself.

Central to this role will be the ability to collaborate and work across various business and control function stakeholders. This specific role additionally may include acting as a Secretariat for Services, Banking and Functions New Activity sub-Committees, which involves including taking minutes and maintaining a log of member attendance.

What you'll do

• Participate in the evaluation of risk issues, and document meeting discussions and ensure that the issues raised during the New Activity Approval Process are duly addressed and resolved.
• Screen new activity proposals to make appropriate risk decision and ensure stakeholder understand their roles and responsibilities.
• Support Services, Banking and Functions New Activity Risk Managers throughout the review process including screening business proposals and making appropriate recommendations for review required, ensuring all process stakeholders understand their role, have all required information and system access and that all steps are completed correctly.
• Ensure that formal documentation is maintained, including conclusions, conditions, follow-ups, reports and metrics of New Activity Approval Process proceedings and decisions.
• Provide reports and analysis from the global database to meet business, regulatory and audit requirements.
• Collaborate and assist in reviewing global initiatives that could impact their particular geography / time-zone.
• Organize New Activity Risk Management tasks, including scheduling Kick-off meetings, proposal reviews, and monitoring follow-ups and conditions for completion.
• Assist the Services, Banking and Functions sub-Committees Chairs by preparing approval meetings and working collaboratively with committee stakeholders. Review materials prepared for submission to the Services & Banking Committees and ensuring completeness as per the policy and procedure.
• Prepare and document meetings between the Services, Banking and Functions New Activity Risk Managers and the Products Heads or Business Sponsors.

What we need from you

• Understanding of different risk types, e.g., market risk, credit risk, operational risk, liquidity risk, franchise risk, legal risk, reputational risk, and regulatory risk
• Experience in the Financial Services industry
• Product knowledge over a broad set of asset classes, expense initiatives and operating model changes
• Familiarity with Citi’s businesses, products, operations and risk management
• Excellent organizational, communication, and interpersonal abilities.
• Capability to manage multiple priorities in complex environment.
• Strong teamwork and independent problem-solving skills
• Proficient in usage of software applications, data management and report preparation 
• Ability to build strong internal and external networks.
• Bachelor’s/University degree or equivalent experience

What we can offer you

• A chance to develop in a highly innovative environment where you can use the newest technologies in a top-quality organizational culture. 
• Professional development in a truly global environment
• Inclusive and friendly corporate culture where gender diversity and equality is widely recognized
• A supportive workplace for professionals returning to the office from childcare leave
• An enjoyable and challenging learning path, which leads to a deep understanding of Citi’s products and services.

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Job Family Group:

Risk Management

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Job Family:

Capital Market Underwriting & Distribution Risk

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Time Type:

Full time

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