Qries

Country Head of Risk Management Employment Opportunity – Citi Bank

 

Job Title:    Country Head of Risk
Management

Organisation: Citi
Bank

Duty Station:  Kampala,
Uganda

 

About US:

Citigroup is today’s
pre-eminent financial services company and was built to create a highly
diversified financial services company that could act as one to deliver
solutions to clients throughout the world. With the most diverse array of
products and the greatest distribution capacity of any financial firm in the
world, our employees manage 200 million customer accounts across six continents
in more than 100 countries. Citi works tirelessly to provide consumers,
corporations, governments and institutions with a broad range of financial
services and products. We strive to create the best outcomes for our clients
and customers with financial ingenuity that leads to solutions that are simple,
creative and responsible. 

 

Job Summary:  The Country Head of Risk Management is responsible
for identifying, measuring, controlling, overseeing, monitoring and reporting
the overall risks of the franchise(s).

 

Key Duties and Responsibilities:  

Regulatory

·       
Interaction
with Regulators related to the various risk functions / areas of the business
(Operational, Market, Credit Risk, outsourcing, systemic, model etc.).

·       
Prepare
and submit relevant regulatory reports

Advisory

·       
Proactively
assist the businesses, O&T, and the independent control groups in enhancing
the effectiveness of controls and managing operational risks across products
and business lines

Governance and
Managers Control Assessment

·       
Challenge
the effectiveness of the Manager’s Control Assessment (MCA) and challenge the
‘risk set’

·       
Partner
with the business on the implementation of MCA enhancements.

Permanent Control
functions

·       
Ensure
Policy/Procedure/Regulatory Compliance in conjunction with Compliance
Department.

·       
Provide
Control Counselling, Advisory and Decision Support Service including
performance management to business units and strategic resource functions.

·       
Create
and maintain effective internal control system and Control Culture in the Bank-
Head Office, branches and every location the bank operates from.

·       
Make
suitable recommendation for policy amendments and control improvement based on
emerging issues/risks

·       
Timely
identification of risk and highlight of the same to management committee, Risk
Committee, Audit committee and the Managing director of the affiliates

·       
Ensure
timely reporting of exceptions to the business heads and to group.

·       
Ensure
implementation on the countries Operational risk Model

·       
Work
with Country Management to minimize(reduce) Financial Losses arising through
frauds, Errors, Credit losses etc.

Risk functions

·       
Ensure
that the operational risk framework and operational risk policies are
implemented in the country, and that all staff are aware of Operational Risk
policies and procedures

·       
Providing
the necessary guidance and training to ensure compliance with the operational
risk framework and methodologies

·       
Measuring
and evaluating the risk status subject to and using the Bank Group minimum
requirements as a basis.

·       
Ensure
that the market risk, credit risk, legal risk, compliance, operational, fraud,
systemic, model, etc. risks are within acceptable limits and report same to
BRCC, CCC, the Board Audit Committee, Board Risk Committee, and Regulatory
bodies.

·       
Reviewing
trends reported to ensure effectiveness and adequacy of controls and to ensure
their alignment to the operational risk profiles.

·       
Ensure
that adequate controls are in place to prevent regulatory breaches and
regulatory fines.

·       
Ensure
an effective controlled environment, which will be measured by % of
satisfactory audit ratings, timely CAP closure and IBAM rate.

·       
Ensure
that all material business areas and processes are subjected to Activity, Risk
and Control Self Assessments on a periodic basis.

·       
Ensure
operational risk environment is monitored using Key Risk Indicators and that an
effective reporting and action mechanism is in place.

·       
Ensure
that an effective Information Risk Management environment exists.

·       
Reporting
on the status of the bank’s risk profile and risk practices (comprising
operational, compliance, legal, market, credit and liquidity risk and other
material risks) in a comprehensive and timely manner.

·       
The
market & credit risk departments will support you in this deliverable.

·       
Act as
the banks secretary and coordinator of the Board Risk Committee

Outsourcing

·       
Develop
effective ORM oversight over outsourced activities

Other

·       
Travel
within MEA and regional hubs may be required

·       
Participate
in MEA control initiatives

·       
Attendance
as a member of ALCO in a Market Risk manager capacity and all other governance
forums

·       
Attendance
of Risk meetings (as Operational Risk manager), where presenting and pack
preparation will be required.

·       
Handle
any other activities as assigned relating to controls and risk management.

 




Qualifications, Skills and Experience:

·       
The
ideal candidate for the Citi Bank job placement must hold a University degree
in business related areas or equivalent

·       
Recognized
professional certification will be an advantage

·       
Six
years of post-qualification experience in risk management within the Financial
Services Industry , of which at least 4 must have been in the Banking Sector

·       
Familiarity
with corporate and investment banking

·       
Strong
experience in audit or operational risk

·       
A
thorough knowledge of multiple control environments.

·       
Good
understanding of branch banking operations and other vital back office
functions.

·       
Strong
interpersonal skills

·       
Fluency
in English

·       
Strong
written and oral communication skills

·       
Strong
analytical abilities

·       
Significant
attention to detail

·       
Strategic
and goal-oriented focus

·       
Unwavering
commitment to co-operative and collaborative working

 

Competencies:

·       
The
successful candidates will need to show that they are unafraid to take
responsibility, partner with the business whilst retaining independence to
provide challenge to the business.

·       
This is
a key role with extremely high exposure and expectations.

·       
The
candidate must be able to work effectively with local contemporaries and peers
in other clusters and regions to maintain a collaborative culture

·       
Ability
to develop plans to proactively address any potential Operational or Market
risk weaknesses and to fix any operational weaknesses identified by the various
operational risk tools.

·       
Ability
to take decision when identifying; monitoring and measuring any risk that could
negatively impact the franchise’s control environment.

 

How to Apply:

All candidates who
wish to join Citi Bank in this role should apply online at the link below.

 

Click
Here

 

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