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VP, Business Risk Officer (Hybrid)

The Business Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.Responsibilities:• Responsible for managing and supporting multiple risk and control programs for the organization including defining the strategy, approach, processes, quality, tools and reporting that provide global risk management consistency and excellence.• Establishes quarterly audit process of attributes to ensure proper calculation and control.• Works closely with business partners on findings and makes recommendations on improving practices.• Develops procedural implementation and change management process with Operations and Reporting team to ensure proper governance and controls exist.• Examines procedures for consistency and gaps relative to regulations in addition to impacts on customer experience.• Conducts internal testing of dispute processes to ensure control.• Monitors exceptions to dispute policy and identifies drivers of exceptions.• Leverages data to examine impacts to Customer Experience and Regulatory breaks.• Has the ability to operate with a limited level of direct supervision.• Can exercise independence of judgement and autonomy.• Acts as SME to senior stakeholders and /or other team members.• 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:• 6-10 years relevant work experience in Business Risk & Controls• MS Excel, MS Access, SAS, SQL, Visual Basic a plus. 5+ years’ experience in financial services.• Consistently demonstrates clear and concise written and verbal communication skills• Effective organizational influencing skills required.• Third party vendor management preferred. Demonstrated ability to lead global team efforts• Excellent problem solving skills Ability to see the big pictures with high attention to critical details• Demonstrated ability to develop and implement strategy and process improvement initiatives.Education:• Bachelor’s/University degree or equivalent experience, potentially Masters degreePosition sits in O'Fallon MO or Wilimington DE only. No relocation will be offered and position is hybrid only. No 100% remote work arrangement is available for this position.------------------------------------------------------Job Family Group:Risk Management------------------------------------------------------Job Family:Business Risk & Control------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:Ofallon Missouri United States------------------------------------------------------Primary Location Full Time Salary Range:$107,120.00 - $160,680.00In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.------------------------------------------------------Anticipated Posting Close Date:Dec 09, 2024------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting
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Average salary estimate

$133900 / YEARLY (est.)
min
max
$107120K
$160680K

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What You Should Know About VP, Business Risk Officer (Hybrid), Citi

Are you ready to take your career to the next level as a VP, Business Risk Officer at Citi in O'Fallon, MO? In this dynamic role, you will become a strategic leader, overseeing important risk and control programs that shape the organization's future. Your expertise will guide your colleagues, helping them navigate the complex landscape of business risk and compliance. You'll develop procedures that not only ensure regulatory gaps are filled but also enhance the customer experience. With responsibilities ranging from establishing quarterly audit processes to conducting internal testing of dispute procedures, you'll have the chance to make a significant impact on our operations. You will collaborate closely with business partners, offering insights and recommendations for improvement. As a subject matter expert, your well-honed communication skills will enable you to influence at all levels, driving results across the organization. If you have 6-10 years of relevant experience and a penchant for strategic thinking, we want to hear from you! Please note that this is a hybrid position, based in O'Fallon, MO, or Wilmington, DE, meaning you'll enjoy a blend of remote work and in-office collaboration, supporting a balanced work-life dynamic. Apply today and become a vital part of Citi's mission to provide exceptional risk management solutions.

Frequently Asked Questions (FAQs) for VP, Business Risk Officer (Hybrid) Role at Citi
What are the responsibilities of the VP, Business Risk Officer at Citi?

As the VP, Business Risk Officer at Citi, your primary responsibilities include managing multiple risk and control programs, defining strategies, developing reporting processes, and ensuring consistent global risk management practices. You'll conduct audits, work closely with business partners to improve practices, and develop change management processes to maintain proper governance.

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What qualifications are required for the VP, Business Risk Officer position at Citi?

Citi requires candidates for the VP, Business Risk Officer role to have 6-10 years of relevant experience in Business Risk & Controls, preferably within financial services. A bachelor's or master's degree is necessary, along with skills in MS Excel, SQL, and effective communication. Experience in vendor management and leading global teams is also preferred.

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What kind of skills are essential for the VP, Business Risk Officer at Citi?

Essential skills for the VP, Business Risk Officer at Citi include strong organizational and communication skills, solid problem-solving abilities, and a keen attention to detail. You'll need to leverage data effectively, influence stakeholders, and demonstrate sound judgment, particularly related to business practices and compliance with regulations.

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What impact does the VP, Business Risk Officer role have at Citi?

The VP, Business Risk Officer role at Citi has a significant impact on the organization's risk management and operational effectiveness. By ensuring compliance with regulations and enhancing the customer experience, this position plays a crucial part in safeguarding Citi's reputation and securing its clients and assets.

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What is the work environment like for the VP, Business Risk Officer at Citi?

The VP, Business Risk Officer role at Citi offers a hybrid work environment based in O'Fallon, MO, or Wilmington, DE. This allows for flexible work arrangements, combining remote work with in-office collaboration, fostering a balance between professional responsibilities and personal life.

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Common Interview Questions for VP, Business Risk Officer (Hybrid)
Can you explain your experience with risk management in financial services?

In answering this question, highlight specific roles you've held in financial services where you managed risk. Focus on your strategic contributions, detailing how your actions led to improved risk controls and better regulatory compliance.

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How do you prioritize multiple risk programs effectively?

To effectively answer this, discuss your organizational strategies and how you assess the risk level of each program. Provide an example where your prioritization led to successful outcomes, underlining the importance of balancing immediate needs with long-term goals.

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What strategies do you use to communicate with stakeholders regarding risk issues?

In your response, emphasize your clear communication tactics, mentioning regular updates, tailored reports, and meetings. Illustrate this with an example of how effective communication helped resolve a complex issue.

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How do you stay updated on industry regulations and trends?

You can answer this question by discussing resources you utilize, such as industry publications, webinars, and professional networks. Mention your commitment to continual learning as a key part of maintaining compliance and understanding market changes.

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Can you describe a time you made a significant impact on a risk control process?

Use the STAR method to structure your response, describing the situation, your task, the actions you took, and the results. Highlight the impact of your contributions on enhancing risk controls or improving overall performance.

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What methodologies do you employ when analyzing risk factors?

Discuss your analytical methods, whether quantitative or qualitative, and provide a relevant example demonstrating how these methodologies successfully identified risk factors in a previous role.

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How do you handle disagreements with stakeholders over risk assessments?

In your answer, outline your approach to resolving conflicts through effective communication, active listening, and negotiation. Provide an example of a successful outcome after disagreement to showcase your diplomatic skills.

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What tools and technologies do you utilize for risk management?

Mention specific tools you are experienced with, like MS Excel, SAS, or SQL. Discuss how these tools have aided your past roles in data analysis, reporting, or monitoring risk.

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How do you measure the effectiveness of risk management programs?

Here, share the key performance indicators (KPIs) you utilize to assess success, such as audit results, compliance rates, or customer feedback. An example of improvement in these metrics can strengthen your response.

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Why do you want to work as a VP, Business Risk Officer at Citi?

This is your chance to explain your interest in Citi’s mission, culture, and values. Connect your personal career goals to the opportunities available at Citi and express how you hope to contribute to the company’s success.

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Citi’s 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 capi...

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CULTURE VALUES
Inclusive & Diverse
Rise from Within
Mission Driven
Diversity of Opinions
Work/Life Harmony
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SENIORITY LEVEL REQUIREMENT
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EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
December 3, 2024

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