Job at Citi Group

Citi, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services. Additional information may be found at www.citigroup.com.

Job Title: Enterprise Risk Management (ERM) - Risk Officer-13027386

Primary Location: EMEA-NGA-LA-Lagos
Schedule: Full-time
Education Level: Bachelor's Degree
Shift: Day Job
Employee Status: Regular
Travel: Yes, 10 % of the Time
Office Location / Address: Citibank Nigeria Limited, 27 Kofo Abayomi Street, Victoria Island, Lagos

Job Purpose:

The ERM Risk Officer will report directly into the ERM Nigeria Head. Be responsible for the provision of control advisory support, assisting the Head conduct the relevant Governance meetings, execution of the Control Framework and assisting in ERM activities within the wider Africa Division.

Job Background / Context:

Enterprise Risk Management (ERM) is part of the Franchise Risk and Strategy organization. Comprised of a few hundred employees globally. ERM was created to proactively assist the businesses, O&T, and the independent control groups in enhancing the effectiveness of controls, managing operational risks across products, business lines and regions.

Key Responsibilities:


Conduct BRCC (Business Risk, Compliance, and Control Committee) as required by governance policy guidelines
Identify emerging risks for the Citi Franchise.
Work with Operational Risk Management and business management to remediate inconsistencies as required.
Provide country specific insights when required.
Partner with relevant business and control groups to ensure their ‘best practices’ conform to country's operating standards and/or regulatory requirements. Provide input into Compliance Control Matrix in this regard.
Coordinate with the cluster/region in providing information on control environment, implement control related initiatives initiated at region and cluster level
Monitor changes in the operational environment (in Citi’s strategy, in our operational and technology capabilities)proactively and oversee appropriate modifications/enhancements to the control environment that arise from those changes.
Work with Operational Risk Management (ORM)to determine resource key areas that require focus.
Administer the Manager’s Control Assessment (MCA) process.
Facilitate the MCA process for all MCA entities in the Country. Oversee the facilitation of the MCAs for all other entities in the region. Track the MCAs, corrective action plans, and other required follow-up through the Citi Risk system.
Participate in Proactive Integration Reviews across the Africa Division.
Participate in the Africa Enhanced Control Framework initiative.
Assist the Cluster Head with the implementation of the Fraud Management Programme within the region
Conduct Infrastructure Risk Reviews to assess control environments, identify vulnerabilities, develop solutions and oversee implementation of enhancements.
Track open issues / corrective action plans and independently validate issue closures.
Partner with controls design specialists to oversee implementation of Points of Control standards.
Assist local management in properly highlighting inherent risks and associated key controls related to country Prioritization / re optimization projects.
Travel within Nigeria and across Africa on a periodic basis as designated by the Division


Knowledge/Experience:

Familiarity with corporate and investment banking
Strong experience in operational / product control.
Minimum of 10 years post qualification experience of which a minimum of 7 years must be in Risk, Compliance or Controls, preferably in an international financial institution.
A thorough knowledge of multiple control environments.


Skills:

Strong interpersonal skills
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
Strong Excel and presentation skills


Qualifications:

A good University degree
An MBA will be an added advantage.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience


Competencies:

In depth knowledge of Risks, Controls and processes in Financial industry
The successful candidates will need to show that they are unafraid to take responsibility in this post with high exposure and expectations
The candidates must be able to work effectively with local seniors, contemporaries and peers in other clusters and regions to maintain a collaborative culture


Citigroup is an Equal Opportunities Employer

Application DEADLINE: 19th June, 2013

How to Apply
Interested and qualified candidates should:
click here to apply online