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Job Description

FRSS team in Mumbai is a driving factor in delivering robust and consistent design, monitoring and governance of the control framework across EMEA finance. With responsibility for Risk and Control, Manager’s Control Assessment (MCA), Issue Management, SOX, COSO, Transformation, Trainings and Communication, FRSS team will enable the EMEA Finance organization to execute on Citi Finance Vision and Strategy. Our people make the difference in our success.

The team will be closely governed by EMEA Control Management Head reporting into EMEA Franchise Controller and Global Control Management Head. This team in Mumbai will be specifically working on Manager Control assessment deliverables and thus will need to have a robust control mindset and an eye to challenge any outliers. This is an independent function to ensure there is no compromise to the service quality standards.

Roles & Responsibilities

We are looking for Assistant Vice President (C12) with experience in operational risk management as well as control monitoring activities. The successful candidate will be part of team of independent control monitoring specialist to deliver robust control monitoring assessment as part of Manager Control Assessment (MCA) framework. This will involve working across several EMEA countries and Budapest CSC stakeholders to assess the control monitoring for completeness, accuracy and timeliness. Incumbents will be responsible for timely identification and escalation of control issues and drive opportunities to improve controls to build a standard and simplified best in class control environment. The role will also require the monitoring of identified control issues and associated remediation actions to be completed with the highest level of discipline and timely escalation of any delays.

Opportunities

Opportunity to widen your knowledge of the banking industry and the products traded

Chance to build an exceptional global network of professionals, Finance, Risk and Compliance

A socially active team and communities with diverse networking opportunities

Long-term career path and mentoring by senior colleagues and leaders

Competitive compensation package and benefits.

Flexible work arrangements in an organization that acknowledges life-work balance

Responsibilities

Perform continuous monitoring of key MCA controls for EMEA Finance Controllers Assessment Units (AUs) in line with Citi MCA standards, and relevant Enterprise and Standard MCA Profiles.

Monitor corrective action plan status for early intervention and escalation is case of emerging risk the completion of remediation.

Execute an effective and timely review of issue validation

Assist in the drafting of materials to be presented to report on the status and themes and trends in open issues to the BRCC and other forums

Standardize and ensure consistent application to control monitoring procedures across EMEA Finance Controllers.

Support Country Finance team on timely completion of Quarterly Risk Assessment (QRA) by effective communication of MCA monitoring results.

Ensure appropriate level of communication is maintained on Internal Control matters to support the framework and ensure appropriate ownership and accountabilities from teams and managers

Collaborate with MCA Governance, Cluster Control Lead and Sub-Cluster Controllers on MCA related activities, changes and updates to ensure Citi Risk and Control is kept current.

Help in strengthening controls by identifying control gaps, and advising remedial actions to mitigate open risk.

Develop and maintain strong working relationship with key stakeholders within Finance and with Internal Audit and policy owners

Proactive and 'no surprises' approach in communicating and escalating issues by sustaining independent views

Crossed trained to be able to perform regulatory report preparation related activities and controls in case of a COB event in Budapest Reg CSC