Dummy C15 Test-8

Individuals in the Enterprise Risk Management are entrusted with managing the diverse and collective impact of the bank's risks. This involves identifying and managing enterprise-level and cross-cutting risks, designing scenarios for stress tests, managing climate risk, and safeguarding against reputational risk. This role is integral to the overarching objectives of the bank, as it ensures the bank's operations are within defined risk appetite and helps maintain financial stability. The role provides a comprehensive view of risk management, enabling the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's sustained growth and success. Responsibilities: * Establish and oversee Risk Management Frameworks (RMF), Policies, Standards, and Procedures incorporating stress testing and loss forecasting, and ensure they meet regulatory requirements. * Lead planning, execution, and reporting of stress testing and loss forecasting exercises, assessing the firm's resilience and potential losses. Continually review and challenge these processes for effectiveness. * Conduct complex stress testing and loss forecasting scenarios, analyze potential impact, and make strategic recommendations to senior management based on estimated losses. * Contribute to stress testing consent order remediation and management of other regulatory issues. * Monitor and report on all risk categories, including predicted losses, to relevant Committees/Boards in a timely manner. Continually review and challenge the accuracy of these reports. * Conduct gap analysis of Legal Entity capabilities against baseline standards for RMF, Risk Appetite Framework (RAF), and Management Information (MI). Create a remediation plan to ensure compliance and improve loss prediction. * Transition the development of Legal Entity (LE) Risk Management Framework (RMF), Legal Entity Risk Appetite Framework (LE RAF), and Management Information (MI) from a project to a Business As Usual (BAU) process, including annual review processes for stress testing and loss forecasting procedures. * Engage with regional peers and central resources to develop and enhance Legal Entity capabilities, ensuring a globally consistent approach to stress testing and loss forecasting. * Maintain regular interaction with bank and risk management colleagues as well as external stakeholders such as regulators and auditors. Facilitate clear communication about risk management, stress testing, and loss forecasting. * Provide training for junior team members in risk identification, stress testing, and loss forecasting procedures. Stay updated on industry trends, regulatory changes, and best practices. * Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty. * Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures. * Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes. * Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization. * Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda * Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities. * Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team. * Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness. * Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements. * Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals. * Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult * Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals. * Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community. * Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development. * Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities. * Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace * 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, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards Qualifications: * 15+ years of experience * Extensive understanding of the Global regulatory landscape with the ability to apply this knowledge in a practical context, overseeing, reviewing, and challenging compliance efforts. * Experience providing oversight and managing complex projects or processes, successfully challenging, and improving outcomes. * Previous experience managing regulatory inspections and audits within a financial services company, with the ability to oversee, review, and challenge these processes. * Extensive project management experience, driving diverse groups of stakeholders to meet project milestones and deadlines, overseeing, reviewing, and challenging progress. * Strong commercial awareness and expert knowledge in the field of risk management, enabling effective oversight, review, and challenge of risk strategies. * Broad knowledge of a range of risk categories, including Financial and Non-Financial risks, providing a solid foundation for the oversight, review, and challenge of risk management strategies. * Comprehensive understanding of credit and operational policies and procedures, including collateral management processes, with the ability to oversee, review, and challenge these procedures for compliance and effectiveness. * Proven experience in a compliance, audit, or similar control or governance role within a banking or financial institution, offering a solid platform for the oversight, review, and challenge of governance strategies and compliance. * Excellent communication skills for effective negotiation, able to oversee, review, and challenge both internal and external communications. * Ability to interpret complex financial and risk reporting and leverage experience for informed decision-making. * Proficiency in Microsoft Office, especially in Excel for data analysis, PowerPoint for presentations, and Word for document creation. * Exceptional organizational skills to manage multiple tasks effectively in a high-volume and complex environment. * Strong leadership skills, driving a team towards common goals and motivating individuals effectively. * Strong networking skills for effective negotiation and relationship building, both internally and externally. * High adaptability to respond to changes in the business environment and industry trends. * Ability to work in a fast-paced environment, managing multiple projects and stakeholders simultaneously. Education: Bachelor's/University degree, Master's degree preferred \------------------------------------------------------ Job Family Group: Risk Management \------------------------------------------------------ Job Family: Enterprise Risk \------------------------------------------------------ Time Type: Full time \------------------------------------------------------ Most Relevant Skills Analytical Thinking, Controls Lifecycle, Credible Challenge, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle. \------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. \------------------------------------------------------ Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. 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 Citi’s EEO Policy Statement and the Know Your Rights poster.