Markets Price & Model Risk & Control SVP - PUNE
Citigroup
An individual in Enterprise Risk Management plays a critical role in managing the bank's diverse risks to ensure financial stability and sustained growth. This involves the identification and management of enterprise-level and cross-cutting risks, designing and executing stress tests, managing climate risk and protecting against reputational risk. This integral role within the bank ensures operations are within a defined risk appetite and contribute to the overall objectives of the bank.
Individuals responsible for In-business Risk Management oversee risk identification, assessment, measurement, monitoring and reporting. They design and implement risk mitigation actions and focus on managing one or more risks in support of business activities.
Professionals in Enterprise Risk Management are entrusted with providing a comprehensive view of risk management which enables the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's success.
**Responsibilities:**
+ Act as the primary point of contact in Markets for Unapproved Models controls including false positive and data quality checks, facilitation of break remediation, and preparation of management information for governance forums
+ Act as the primary point of contact for Model Risk Managers Control Assessment in Markets including monitoring of controls and transformation initiatives
+ Act as the primary point of contact for Risk ID and Risk Appetite Statement in relation to Model Risk in Markets
+ Assist the Head of Markets Model Risk and Control with regulatory requests
+ Drive standardized, consistent mechanisms and technology enhancements to evidence controls and supervision, and ensure alignment with longer term infrastructure initiatives
+ Manage deliverables in relation to model risk controls across multiple businesses, regions and stakeholders
+ Work with Second Line and Internal Audit colleagues to coordinate model remediation activity across Markets
**Qualifications** :
+ 10+ years of experience in Risk Management, Model Risk framework, First line of defence, or other related roles in the financial industry
+ Strong understanding of model risk management practices, controls and risks
+ Excellent oral and written communications skills; the ability to explain complex topics to and influence the actions of non-specialist stakeholders
+ Ability to drive change to business practices by working effectively across a global organisation
+ Self-starting with the ability to multitask and prioritize
+ Project management and change capabilities are essential
+ Capable of prioritizing and multi-tasking in a dynamic, fast paced environment
+ Ability to analyse a process and recommend ways to improve quality, controls, and efficiency
+ Understanding of Markets businesses, functions and controls is a plus
+ Knowledge of artificial intelligence techniques and associated risks from their use would be beneficial
**Education** :
Bachelor's/University degree, Master's degree preferred
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**Job Family Group:**
Risk Management
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**Job Family:**
Enterprise Risk
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**Time Type:**
Full time
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**Most Relevant Skills**
Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.
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**Other Relevant Skills**
For complementary skills, please see above and/or contact the recruiter.
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_Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law._
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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