The Operational Risk Senior Analyst role is responsible for performing the key risk governance routines aligned to the Manager's Control Assessment (MCA) program. The MCA standards establish a comprehensive self-assessment program, methodology and tools to mitigate risks. This role is responsible for executing the MCA standards, performing the activities and utilizing the tools associated with MCA for risk and control identification, assessment, monitoring and for residual risk management of all Governance, Risk, & Compliance (GRC) Risks supporting the following:
Manager's Control Assessment (MCA) Program
Standard MCA Profiles (SMP) and Enterprise MCA Profiles (EMP)
Annual Risk Assessment (ARA)
Inherent Risk Scoring
Continuous Risk Management & Monitoring
Quarterly Risk Assessment (QRA)
Regulatory Inventory Mapping (RIM)
The Operational Risk Senior Analyst role is responsible for program coordination and project management support to ensure quality and consistency in execution of standard MCA program activities, including ARCM descriptions, SMP/EMP adoption and decline rationale, and Inherent Risk scoring across all USRB assessment units (AUs). Additional responsibilities include preparation of materials for the AU control performance through Quarterly and Annual Risk Assessment activities and processes, providing a view of the business's inherent and residual risk level overall and in relation to specified taxonomy.
Performs standard MCA program activities and effective challenge of:
Partners with the In Business Control on the set up new ARCMs
Partners with In Business Control to execute changes/updates to existing ARCMs including adding/updating/removing of ARCM language/taxonomy and/or inherent risk scoring
Partners with In Business Control to accept/reject SMPs/EMPs and ARCM dependencies ensuring consistency across AUs
Ensures Operational Risk Events and Issues are linked to ARCMs in Citi Risk & Controls
Supports the design of monitoring including helping to define and decide on monitoring statement language and updating monitoring language in Citi Risk & Controls
Prepares the Assessment Unit level QRA and ARA decks
Supports the evaluation of results and produces the rationale/commentary for outliers
Validates control performance and residual risk ratings
Validates inherent risk rating
Reviews results with In Business Control
Reviews Citi Risk & Controls weekly to ensure consistency of MCA application and to identify opportunities for improvement
Confirms continuous monitoring results have been uploaded to Citi Risk & Controls based on defined frequency; Raises gaps/issues for resolution
Partners with In Business Control to perform frequency reviews
Develop and maintain processes and tools to support the MCA Execution team and drive consistency
Regulatory Inventory Mapping
Partners with the RIM Lead and team to support the completion of RIM activities
Manages gap tracker to ensure resolution/closure of gaps
Completes required updates to tracker in Citi Risk & Controls
Works with In Business Control to map new ARCMs to rules/regulations
Applies operational risk policies, technology and tools, and governance processes to ensure lasing solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
Contributes to risk assessments and drives actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
Provides governance and oversight, which may include (not limited to) technology operational risk.
Evaluates the control environment by ensuring appropriate controls are in place.
Coordinates audits, examinations, and deliverable requirements from internal and external reviewers by supporting coordinating activities.
Ensures project completion, special assignments, and other ad hoc activities as required.
Ensures work products and activities comply with all regulatory policies and procedures.
Additional duties as assigned.
5-8 years relevant experience
Excellent verbal and written communication skills
Customer focused with excellent Interpersonal skills and ability to work well in a team environment collaborating across diverse group
Demonstrated understanding of operational risk and gap identification
Ability to multi-task and manage multiple priorities simultaneously
Ability to present a compelling case to influence others where appropriate
Well versed in breaking down complex matters into core issues and root causes so that they can be readily addressed
CBORC regulatory policies and procedures knowledge a plus
Experience with Citi Risk & Controls and knowledge of Manager's Control Assessment/ARA QRA a plus
Business or risk experience in credit card, retail banking or personal wealth management a plus
Experience in Risk Management, Product Management, Internal Audit, Compliance or related field a plus
Proficient in MS Office applications necessary for executing job responsibilities
Strong analytical and conceptual skills
Superior writing skills to support MCA and the development of ARMCs
Superior communication and interpersonal skills
Independent thinker and able to perform a credible challenge of the Business
Ability to influence and convince without authority
Ability to work collaboratively within and across functions and Lines of Defense
Effective team player and contributor in dynamic environment
Ability to work effectively in virtual team
Bachelor's/University degree or equivalent experience
Job Family Group:Risk Management
Job Family:Operational Risk
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|Location||Frisco, TX (75034)|
|Job Type||Full Time|
|Posted||5 days ago|