AVP, Risk and Control Analyst – Private banking (UAE Nationals Only)

Role Overview

AVP, Risk and Control Analyst – Private Banking at Citi, based in the United Arab Emirates. This position is open to UAE Nationals only.

Role Purpose

Develop, design, and implement comprehensive controls programs while providing assessment and guidance on robust controls design aligned with Citi's Policies, Standards, and Frameworks. Proactively identify and drive controls enhancements through automation, standardization, and rationalization, and conduct first-line activities for identification, measurement, and ongoing assessment of key risks and controls in partnership with process owners.

Key Responsibilities

Controls Design and Assessment

• Support the design and development of Citi's comprehensive controls program.
• Perform assessment of the effectiveness of existing controls and identify areas for improvement.
• Implement necessary changes based on control assessments.
• Collaborate with business and functions to understand control processes and identify potential areas for improvement.

Controls Enhancement and Optimization

• Drive and manage controls enhancements focused on increasing efficiency and reducing risk.
• Proactively identify and drive controls enhancements such as automation, standardization, and rationalization.
• Execute transformation activities related to controls enhancement.

Risk and Risk Appetite Management

• Conduct identification, measurement (significance and likelihood), and ongoing assessment of key risks and controls.
• Partner with relevant process owners to drive management decisions aimed at maintaining operations within the firm's Risk Appetite.
• Assess business and function risk appetite in line with changes in the business environment, regulatory requirements, and strategic objectives.
• Collaborate with key stakeholders to assess potential risks and develop risk mitigation activities to define the acceptable level of risk across various areas of operation.

Governance and Compliance

• Execute the Enterprise Risk Management Framework and ensure adherence with Risk Management and Compliance Policies.
• Stay updated on regulatory changes and industry best practices related to control management.
• Ensure the controls program aligns with regulatory standards and industry best practices.

Reporting and Stakeholder Management

• Coordinate with key stakeholders and relevant process owners to drive management decisions aimed at maintaining operations within the firm's Risk Appetite.
• Provide regular updates to senior management on the performance of the controls assessment and design.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets.
• Drive compliance with applicable laws, rules, and regulations, adhere to Policy, and apply sound ethical judgment regarding personal behavior, conduct, and business practices.
• Escalate, manage, and report control issues with transparency.
• Effectively supervise the activity of teams and create accountability with those who fail to maintain these standards.

Qualifications & Experience

• Minimum of 5–8 years of experience in operational risk management, compliance, audit, or other control-related functions in the financial services industry.
• Proven experience in control-related functions in the financial industry.
• Proven experience in implementing sustainable solutions and improving processes.
• Understanding of Citi's Policies, Standards, and Procedures.
• Bachelor's degree or university degree, or equivalent experience.

Skills & Competencies

• Ability to identify, measure, and manage key risks and controls.
• Strong knowledge in the development and execution of controls.
• Strong analytical skills to evaluate complex risk and control activities and processes.
• Analytical Thinking, Business Insights, Communication, Constructive Debate, Controls Lifecycle, Issue Management, Process Design, Program Management, Risk Management, Stakeholder Management.
• Understanding of compliance laws, rules, regulations, and best practices.
• Strong verbal and written communication skills, with demonstrated ability to engage at senior management level.
• Strong problem-solving and decision-making skills.
• Ability to manage multiple tasks and priorities.
• Proficiency in Microsoft Office suite, particularly Excel, PowerPoint, and Word.

Additional Information

• Employment Type: Full time
• Job Family Group: Controls Governance & Oversight
• Job Family: Control Design
• Citi is an equal opportunity employer and provides consideration to qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.