1+ months

APAC Risk Management Legal Entity Oversight Coordinator - Senior Vice President

**Job Background/Context:**

The APAC Chief Risk Officer (APAC CRO) is responsible for managing Citis risk from a regional dimension with oversight of all the risks in Asia across Consumer, Commercial, ICG, and the Private Bank. The APAC CRO provides prudential supervision and strategic direction for the entire Independent Risk Management organization in Asia to ensure active identification and management of emerging and existing risks. The APAC CRO also has primary interface responsibilities with the various regulators across Asia and is a key partner to the APAC CEO.

The APAC Risk Management Legal Entity Oversight Coordinator role provides unique visibility and exposure to different countries, businesses, functions, products, and risk types. The candidate will have significant interaction with the APAC CRO, Citis senior management, and subject matter experts as well as direct responsibility for one of the most critical strategic projects for Citi in the region.

**Responsibilities Include:**

Key responsibilities are as follows.

+ Establish and ongoing oversight of Legal Entity Risk Management Frameworks (RMF), Policy, Standards and Procedures in line with minimum baseline standards and local regulatory requirements for all applicable entities in APAC

+ Establish and ongoing oversight of the Legal Entity Risk Appetite Framework (RAF), Policy, and Standards in line with minimum baseline standards for all applicable legal entities in APAC

+ Ensure that dispensations are sought where minimum standards are not being met

+ Oversee implementation of Risk Management Information (MI) tools

+ Monitor and report all relevant risk categories and types against appetites set to the relevant committees and/or boards within the region in a timely fashion

+ Perform gap analysis of Legal Entity capabilities against the baseline standards for RMF, RAF and MI for all applicable entities in APAC

+ Establish the necessary remediation plans to ensure a path to green including any interim risk mitigation controls that may be required

+ Participate in Risk MI tool development through the provision of detailed requirements to the development team, participation in UAT, gap analysis and remediation through to go-live in production

+ Transition development of Legal Entity RMF, Legal Entity RAF, and MI to a BAU process including establishing any required annual review process for legal entities

+ Engage with regional peers and central resources on ongoing development to ensure globally consistent approach for any required enhancements of Legal Entity capabilities

+ Participate in Legal Entity tiering discussions (for relevant Legal Entities) including proposals to change tiers, ensuring implications are fully considered and appropriate steps are taken to meet minimum baseline standards

+ Provide strategic analytics and information management to senior management. Responsible for communicating implications of existing Legal Entity-related regulations and developing potential responses

+ Analyze new risk-related guidelines, best practice standards, rules and regulations. Provide updates, as needed, to management and regulators on exam and issue remediation status including progress against milestones, risk identified and any other potential impacts

+ Significant interaction with a wide range of senior bank and risk management colleagues, as well as external stakeholders such as regulators / auditors

+ Initiate feedback sessions with global and legal entity teams; leverage feedback to influence change throughout organization

+ Manage regulatory or Internal Audit examinations related to legal entities to achieve full compliance

+ Appropriately assess risk when 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 others and create accountability with those who fail to maintain these standards

**Experience and Qualifications:**

+ Bachelors/University degree, Masters degree preferred

+ 10+ years Risk experience in a global organization, with experience in product program governance and risk management frameworks

+ Strong knowledge of multiple risk categories spanning Financial (e.g., Market, Credit, Liquidity) and Non-Financial (e.g., Operational, Compliance, Reputation and Strategic)

+ Strong awareness of both bank (including Branch network) and broker dealer chains and their respective strategies, products, risk profiles and regulatory requirements in a global marketplace

+ Knowledge of applicable Citi frameworks, policies, and standards

+ Broad understanding of classifiable and delinquency managed credit and operational policies and procedures; ability to interpret financial and risk reporting

+ Familiarity with regulatory landscape facing global banks; previous experience in managing regulatory inspections and audits

+ Demonstrated ability to effectively partner with key constituents and stakeholders

+ Demonstrated direct and indirect influence abilities

+ Experience in producing reports and presentations for senior audiences and stakeholders

+ Demonstrated ability to distill technical concepts and results into intuitive, impactful, and easily digested messages for senior management, auditors, and regulators

+ Project management experience with proven ability to develop project plans and drive a diverse group of stakeholders to achieve milestones and deadlines

+ Experience with issue resolution including root cause analysis, mitigation plans, and remediation activities

+ Expert knowledge of Citi products, risk processes, and controls with good understanding of regulatory requirements and risk management


+ Demonstrates strong ethics and integrity

+ Demonstrated ability to effectively voice and defend independent views and handle conflict

+ Excellent interpersonal and communication skills for interaction with senior management and regulators

+ Demonstrated ability to effectively navigate organizational complexity, break silos and build partnerships across functional and business peers

+ Experienced in partnering with global peers to leverage and implement best practices

+ Makes decisions using well-reasoned judgment under pressure and in a timely manner; identifies and assesses alternatives as part of the decision-making process

+ Ability to adapt and perform well under pressure and through rapidly developing situations

+ Strong ability to influence and initiate change


**Job Family Group:**

Risk Management


**Job Family:**

Regulatory 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, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Posted: 2022-07-08 Expires: 2023-01-04

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APAC Risk Management Legal Entity Oversight Coordinator - Senior Vice President


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