New Activity Risk Manager - VP

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience with thorough understanding of different risk types to our New Activity Risk Management team.

Shape your career with Citi in Dublin. By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Citi has had a presence in Ireland since 1965, it was one of the first foreign banks to open an office in the country and is the Citibank Europe Plc Headquarters.  

Team and 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.

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 Markets New Activity Team currently has 12 Risk Managers covering all the Citi Markets Businesses globally. 

The New Activity Risk Manager will oversee the end-to-end process for reviewing and approving new activities with ongoing oversight of new risks identified in relation to products in the product inventory, with a primary focus on markets. This includes ensuring strong governance, appropriate senior management engagement and strong risk management decisions and that all risks are identified, evaluated, and properly recorded while maintaining accountability and control measures.

This will involve collaborating effectively across multiple business units and functions. New Activity Risk Management offers an efficient process and software for risks and controls to be evaluated in the presence of the business, risk, and other functions. Its review panel consists of senior representatives from Legal, Risk Management, Compliance, Finance, Operations, Technology, In-business risk & control, and Legal Entity Management.

What you’ll do:

• Evaluate Proposals: Lead reviews of new activity proposals, providing credible challenge to Business, Risk and control functions and ensuring issues raised during the approval process are addressed and resolved in a commercial timeframe and manner.
• Risk Assessment: Screen proposals to make appropriate risk decision and ensure stakeholders understand their roles and responsibilities, providing guidance where needed.
• Manage Tasks: Schedule new activity calls and meetings including kick-off calls and committee meetings, prepare materials for system completion and committee submission, monitor take aways and conditions from meetings and reviews.
• Manage Reviews: proactively manage proposal reviews and stakeholders with a view to managing expectations of all stakeholders and meeting agreed target dates, escalating and/or taking account of issues/limitations as they arise. Operate an efficient, performance-oriented “business as usual” process; originate and implement change where required.
• Maintain Documentation: Ensure formal records, including conditions, follow-ups, and decisions, are completed fully and accurately.
• Post execution Reviews and Product Inventory: managing post execution reviews, where relevant, and ongoing product inventory reviews.
• Data Analysis: Review reports and conduct thematic reviews to update stakeholders including Committee members and to meet regulatory expectations.
• Compliance: Ensure adherence to new activity policy and procedure and active engagement in delivering regulatory and internal audit commitments.

What we'll need from you:

• Thorough understanding of different risk types (e.g., market, credit, operational, compliance, etc.)
• Several years of experience within financial services.
• Familiarity with Markets 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 Degree required, advanced degree in business, finance, law, or economics beneficial.
• Self-motivated, analytical, and detail-oriented, with an ability to assimilate and analyse large amounts of information.
• Resilient under pressure with strong work ethic.
• High integrity and ability to manage confidential data.

What we can offer you:

• The role gives unique visibility into new product and service initiatives, operating model changes and capabilities across the region and the firm and offers insights into the risk management of these proposals. It also provides opportunities to:
• Evaluate new activity proposals holistically
• Develop technical skills and manage diverse risks (namely, credit, market, operational, finance, compliance, legal, reputation, tax, accounting policy, human resources and more)
• Gain exposure to various stakeholders, including senior leadership, business and control functions.

By joining Citi Dublin, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well.

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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