Risk Management Specialist
3 weeks ago
Citi's Institutional Credit Management (ICM) function is responsible for managing wholesale credit and counterparty risk within the first line of the bank. The Wholesale Credit Risk In-Business Quality Assurance function verifies that established Standards and Procedures for Wholesale Credit Risk management are followed and consistently applied across the first line of defence.
Key Responsibilities:
- QAR Procedures and Methodology: Help define and implement the Quality Assurance Review (QAR) procedures and methodology to provide reasonable assurance to stakeholders that the In-Business QA function performs QARs in accordance with In-Business QA Standard, Procedure, and Methodology Manual.
- Adding Value: Be perceived by stakeholders as adding value and improving conformance with Wholesale Credit Risk standards and processes across the first line of defence.
- Methodology Guidance and Tools: Contribute to the development and implementation of methodology guidance and tools that form the basis for rigorous and comprehensive end-to-end processes for In-Business QA to execute QARs on WCR activities within the first lines of defense.
- Process Improvement: Proactively identify areas of potential enhancement of In-Business QA Methodology and QAR process.
- Policies, Procedures, Risk Assessment, and Controls: Manage WCR In-Business QA policies, procedures, risk assessment, and controls, bringing a systematic, disciplined approach to drive effective QA coverage and standards.
- Ongoing Assessment and Improvement: Conduct ongoing and regular assessment of the quality of the QARs performed by In-Business QA team with the aim of continuous and timely improvement of technology, processes, and procedures.
- Feedback and Coaching: Provide feedback and contribute to enhancement of training required to In-Business QA staff, where relevant.
- Collaboration and Guidance: Collaborate, provide oversight, consultation, and guidance over the assessment of methodology-related questions from In-Business QA staff performing the QARs.
- Technology Solutions: Help drive technology solutions to support QAR activities.
- Regulatory Changes: Stay abreast of relevant changes to rules/regulations and other industry news, including regulatory findings, and proactively assess the impact to In-Business QA Methodology.
- Feedback and Coaching: Contribute in providing ongoing and timely feedback and coaching of In-Business Quality Assurance staff to sustain a strong control culture and an unwavering commitment to excellence in execution of QARs.
- Change Agent: Act as a change agent coaching staff within In-Business QA on areas with noted deficiencies and sharing any observed methodology best practices.
- Support to Global Head: Support the Global Head of WCR In-Business QA on internal projects and initiatives.
- VOE and Diversity Initiatives: Support WCR In-Business QA Voice of the Employee (VOE) as well as diversity and inclusion initiatives.
- Travel: Travel (less than 10%).
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