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Operational Risk Sr Group Manager

8.00 to 12.00 Years   Pune   28 May, 2020
Job LocationPune
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaOperations Management / Process Analysis
EmploymentTypeFull-time

Job Description

Job Purpose:The IBCO has a complete vision of the business processes, provides its Business with guidelines, and advice to strengthen the control environment; supports the Business s responsibility to understand and mitigate the risks associated to their business processes; helps the business to identify, understand, escalate issues and also assist it to execute the corrective action plans; addresses relevant Regulatory, Compliance and Control initiatives.The IBCO also supports the Global Technology risk strategy by driving proactive risk identification and remediation with regional peers.The IBCO also acts as the liaison or primary point of contact with the Office of Governance & Control (OGC), as well as the Second and Third Lines of Defenses.Job Background/context:The In Business Control Officer (IBCO) is the officer designated by the Business Head to support strengthening the control environment across a given business. He/She should have front to back line of sight into all key aspects of the respective business, as well as providing control related reporting assistance in the resolution of outstanding issues, corrective action plans and any other control process which needs to be addressed.The In Business Control Officer (IBCO) is appointed by the Business Manager (BM) of each Business with the approval of the GFB IBCO Head. He/She reports directly to the respective Business Head and matrix to GFB IBCO Head or IBCO Cluster Head, as applicable; in some cases the IBCO Head has a direct line to the ICG Risk and Control Organization .In specific cases, the IBCO may not report directly to the Business Head due to its alignment to the Global / Regional / Local Business model to which it belongs or have a direct reporting line to the GFCB IBCO Head or Cluster IBCO Head, these cases must be approved by the OGC Head.IBCO roles & responsibilitiesThe In-Business Control Officer must be able to comply with the following Roles & Responsibilities as part of his/her functions.Process, risks and Control ManagementLeads quarterly and annual Managers Control Assessment (MCA) self-assessments and completion of all control related assessments on behalf of the business.Verifies that new or modified products go through the appropriate governance routines and processes and they are implemented with adequate controls, which can be monitored and reported.Provides support when requested by global, regional or local teams on Scenario Analysis (SA) process (defined at Business Segment Level) ensuring timely and accurate data submission. Performs SA trigger monitoring.Ensures that controls are in place so Operational Risk Events are reported timely and accurately into Loss Capture System (LCS). Co-responsible, with the business process owners, of the Business as Usual activities related to the design, establishment and updating of measures and controls.Performs proactive risk assessments as required to self-identify control opportunities and remediation plans.Issue ManagementSupports the business in the issue management and corrective action plans, has an integrated view on their status for compliance with the issue management policies, guidelines, standards and / or applicable regulations. Supports governance of Technology Dependent issues with IBCO peers.Has under its structure the Control Issue Management Officer ( IMO ). It can be clustered according to the needs of the Business.Internal & External Review ManagementActs as the Business Coordinator point of contact on examinations during planning, fieldwork and closing.Oversees that issues raised during examinations, are registered in Integrated Corrective Action Plan System (iCAPs) in agreement with the Issue Management Officer (IMO).Performs validation of Internal/External review issues prior to submission to applicable review team.Regulatory Compliance ManagementCollaborates with Compliance, Legal and Business, for the analysis of applicable regulations and rules (new or modified) and incorporates them in the Regulatory Control Matrix (RCM) and the mapping into the MCA.Assist his/her business with the implementation of regulatory initiatives.Policy Compliance ManagementCollaborates with Business and Policy Owners (Global, Regional & Local as applicable) for the analysis of their policies (new or modified); verifies that Policies are mapped into the MCA.Assists his/her business s key policy initiatives implementation as defined by the GFCB IBCO Head and Local Policy Owner (e.g. Records Management, Business Continuity, Regulatory Change Management, Third Party Management, Data Management, etc).Acts as the Business focal point of contact on annual compliance assessments (e.g CARA, EWARA, EWORA)IBCO Cluster Management (As Applicable)Oversees alignment of IBCOs under the Cluster Organization to the defined Roles & Responsibilities.Development Value:The successful candidate require critical thinking, decision making skills and management abilities that grant a challenging atmosphere with high exposure to all franchise level. The role involves close interaction with the GFCB IBCO Head, Cluster IBCO Head, OGC Functional Peers, Senior Management, Senior In Business Control Officers, and 1rst / 2nd / 3rd Lines of defense stakeholders.Job SpecificationKnowledge/Experience:Post-Graduate or Master Degree desirable with at least 8+ years of experience in successfully managing control strategic programs, audit, risk, operational risk backgroundRelevant compliance, risk and control knowledge requiredExcellent knowledge and experience in operations areas.Excellent knowledge and experience of technology and their application within the financial services industryTechnical and functional knowledge of financial services regulationsGood understanding of the overall operational process and technology challenges within the financial services industryProven ability to understand, identify, analyse and communicate clearly an organization s data and operational riskIncident management and root cause analysisInformation security and Cyber risk management knowledge desirableProven ability to understand, identify, analyse and communicate clearly an organization s data and technology riskThird Party Risk ManagementData loss preventionCompetencies:Influence: Ability to drive an effect over the behaviour and mind-set of the people to obtain their buying or support in an specific situation across a large, complex and matrixed organizationNegotiate: Strong strategic & dialogue capacity to reach agreements and solve problems with subordinates, peers, stakeholders and Senior Management to reach agreements and solving problemsTactic: Strong ability to analyze complex scenarios, plan, define and develop integrated solutions to achieve a particular goal within the organizationCommunicate: Excellent ability to successful deliver verbal & written messages across a large, complex and matrixed organizationTalent: Strong leadership focus on talent identification, attraction, nurturing, retaining and assembling high performance teamsQualifications:University degree in accounting, industrial engineering, information technology , engineering, business or other relevant disciplinePost-Graduate or Master Degree desirableFluent in English and SpanishSkills:Action-oriented, entrepreneurial, flexible, and innovative approach to operational risk managementAbility to foster co-operative and collaborative workingExperience working with direct and indirect reports or teamsProactively mitigate, manage and escalate issuesStrong attention to detail and ability to multi-taskStrong interpersonal skills including teamwork and organizational skillsStrategic and goal-oriented thinkerPassion, humility, integrity, positive attitude, mission-driven, and self-directed-------------------------------------------------Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - MX------------------------------------------------------Time Type :Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.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 CLICK HERE .To view the EEO is the Law poster CLICK HERE . To view the EEO is the Law Supplement CLICK HERE .To view the EEO Policy Statement CLICK HERE .To view the Pay Transparency Posting CLICK HERE .,

Keyskills :
coachingdriving root causeline of sight field workdata management technology riskfocal point

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