Chief Risk Officer

**Responsibilities**

The CRO is responsible for leading the Risk function to identify, assess, monitor and make timely and measured judgments on all current and potential future risks faced, in order to protect the employees, assets and reputation of CFIL and to grow shareholder value and profitability.

The Chief Risk Officer is responsible for the following risk disciplines:

- Credit, Market & Liquidity Risk
- Risk Strategy (including Risk Appetite, Business Model Risk)
- Operational Risk & Internal Controls
- Reputation Risk (including Product Suitability)
- Risk Systems/Projects
- Security & fraud including Business Contingency Planning
- Serves as the lead risk manager for CFIL
- Attend the Risk Management Committee (RMC) to monitor and address aggregate risk issues
- Ensure meaningful discussions in the RMC and remediation through the responsible groups
- Ensure adequate risk oversight at the legal vehicle especially when used by more than a single product group
- Lead Risk function as permanent member of the Asset Liability Committee (ALCO)
- Identify and co-champion cross sector/product utilities to deliver synergies and improve quality of risk management support
- Coordinate identification, sharing and vetting of common risk concerns and sensitivities and develop coordinated solutions as appropriate
- In addition to reviewing all other risks for CFIL, the CRO shall also review all credit products to ascertain inherent risks & controls.
- Act as Risk Management partner to the CFIL Managing Director on risk related regulatory matters
- Facilitate/coordinate responses to inquiries/ requests from regulators
- Ensure consultation with appropriate local risk experts in vetting and addressing regulatory issues
- Act as focal point for best practice and knowledge sharing across Business
- In credit sanction process, the CRO shall be a member of credit committee and shall have voting power on the proposals
- Any other responsibility, which may be deemed to fall under the CRO’s authority

**Control**
- Maintain internal control standards and address audit points and/or any issues raised by Regulators and Senior Management in a timely manner
- Foster a compliance culture and implement Group Compliance Policy by managing compliance risk in liaison with the Local Compliance Officer
- Adherence to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.
- Creating and sustaining awareness of operational risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control.

**Impact on the Business/Function**
- Lead and direct the Risk Function, as a partner to the Business, supporting growth aspirations whilst retaining the appropriate risk management discipline to achieve strategic goals.
- Direct and/or functional oversight of the entity's Risk Management operations.
- Recommend/Approve significant credit and portfolio exposures ensuring that Risk/Reward is appropriate.
- Identify emerging risk issues and initiate mitigating strategies.
- Establish and maintain the in-site Risk Appetite framework, Stress Testing activities (regulatory and business as usual).
- Ensure that robust processes are in place to work with Finance on regulatory reporting returns and matters pertaining thereto.
- Maintain an effective operational risk framework in the Country, in line with Group Standards and local regulatory requirements
- Managing the credit quality of lending portfolios to ensure credit costs targets are not exceeded.
- Ensure risk management policies and procedures for products and other risk disciplines are market competitive and compliant with regulatory requirement and Group Standards.

**Customers / Stakeholders**
- Strengthen the Entity’s understanding of risk management, by incorporating risk considerations in all activities undertaken
- Manage key relationships with regulators, rating agencies, industry bodies and auditors
- Working with Group Risk team on oversight of the Risk framework to standardize and integrate the various risk functions including the implementation of strategic projects and systems.
- Proactively assist management in identifying and managing compliance risk fostering a compliance conscience and culture

**Operational Effectiveness & Control**
- Communicate risk strategy and policies throughout the Entity
- Monitor effectiveness of the implementation of risk strategy and policies

**Qualifications**
- 7-10 years of Risk experience
- Bachelor’s/University degree, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
- **Job Family Group**:
Risk Management
- **Job Family**:
Country Risk
- **Time Type**:
Full time
- Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, re