Senior Vice President Head
Citibank N.A.
مجموع سنوات الخبرة :3 years, 7 أشهر
Leadership and Framework: Liaise with respective key functions (EMEA Private Bank CEO, CRO, CFO), and their leadership teams to identify, manage and report Operational Risk. Key responsibilities include:
• Lead EMEA ORM team to ensure all strategic goals and objectives are achieved
• Ensuring compliance with all operational risk regulatory requirements where Citi Private Bank has presence in EMEA.
• Provide operational risk oversight and challenge to ensure EMEA Private Bank identify, manage, and monitor their Operational risks in accordance with Citi policy and procedures.
• Represent Operational Risk Management in the Global, Regional Risk and Control Committees such as Global & Regional Private Bank Business Risk and Control Committee (BRCC), EMEA CPB Operating Committee and Regional Operational Risk Management Forums.
• Present Operational Risk analysis at the country legal entity Boards and Audit Committees and the regional BRCC.
• Provide risk focused briefing on these topics at various regional senior governance forums
• Manage Operational Risk Appetite framework including escalation and resolution of Risk Appetite breaches
• Interpretive analysis of the AMA framework including complying with AMA model requirements. Perform assurance activities and attest to compliance with Operational Risk related regulation e.g. annual CRD IV compliance
• Lead engagement with Internal Audit for the annual Operational Risk audit, and ensure successful and timely remediation of all identified issues
• Participate and represent Operational Risk in engagement with local and global regulators such as UK PRA, UK FCA, Swiss FINMA, US OCC, etc.
• Risk Identification, Analysis and Assessment:
• Ensure first line's risk identification practices remain effective including trends, themes, tendencies that indicate emerging operational risks
• Engage other second line of defence functions such as Compliance and ORM SME's e, g, Technology Risk, Cyber Risk in the identification and assessment of firm wide key operational risks
• Operational Loss Analysis: understand how losses were incurred, determine lessons learned, identify root causes and use for risk mitigation activities as outlined below
• Responsible for assessing and approving all new product initiatives for EMEA CPB Business.
Risk Oversight, Challenge & Risk Mitigation:
• Perform independent challenge and oversight of the business with respect to the Risks and Controls Effectiveness Assessment and challenge overall business ratings as appropriate
• Challenge both historical and proposed practices through a variety of means e.g. operational risk reviews and deep dives, new product reviews etc.
• Provide independent challenge and oversight of Citi-wide project and key initiatives for example Brexit, Operational Resilience. etc.
• Drive solutions to root causes that potentially can lead to operational risk scenario
• Develop actions or appropriate projects to apply lessons learned across a product, business, segment, country, or region. Coordinate with ORM colleagues to determine applicability on a global basis
• New Product Reviews and Approval: recommend actions or modifications to address risks identified
EMEA Scenario Analysis Lead:
• Develop, implement, and maintain EMEA Operational Risk Scenario Analysis Procedures in accordance with Citi's Operational Risk Policy and local regulatory requirements
• Liaise with Regional Products and Functional Heads and Country Management for delivery of an adequate operational risk scenario analysis plan taking into consideration Business, Segment and Legal Entity Key Operational Risks (KORs) and Units of Measure (UoMs)
• Train First and Second Line for an effective execution and challenge of operational risk scenario workshops
• Present Scenario Analysis outcomes (estimated losses, management actions and triggers) in the EMEA Operational Risk Forum and EMEA Business Risk and Control Committee
As part of the project team, was actively involved in the upgrade of WFF Consumer Credit SOR (System of Record) - UNISYS, to FDR (First Data Resources). The project was split into 2 phases where the aim was to gather the requirements for UNISYS to enable an efficient transition to the FDR system with minimum risk and least customer impact. The project had to be implemented for both Wells Fargo entities in the US and Canada.