Investments and Insurance Risk Assessment and Control Design C16

Investments And Insurance Risk Assessment And Control Design C16

Citi's Wealth business serves the needs of clients across the entire wealth spectrum. It has been created by combining the Wealth Management businesses across Citi Global Consumer Bank and Citi Private Bank. It serves over 500,000 clients through its global footprint in Asia, EMEA, Mexico, and North America.

The Investments And Insurance Risk Assessment And Control Design Managing Director will be responsible for leading a team that identifies assesses risks and designs effective mitigation plans working closely with end-to-end Investments And Insurance teams. This role will report to the Head of Wealth Controls And Risk Management.

Key Accountabilities :

• Lead a team of Senior Control professionals supporting members of the Investments Leadership team with assessment of operational, compliance and reputational risks and the design of effective controls to support business growth and expansion agenda.
• Lead quantitative and qualitative assessments of significance and likelihood of risks in key global investment and insurance processes around client suitability, transaction related controls and compliance with policies and applicable global / local regulations.
• Take an end-to-end view to drive greater integration and simplification and automation of controls to accelerate the path to scale across global investment and insurance products.
• Effectively partner with business leaders to strengthen their ability to make data driven impactful decisions, policy / process improvements, and structure and operationalize controls.
• Proactively identify opportunities to improve risk management effectiveness and client experience, while identifying and developing plans to mitigate emerging risks and issues.
• Support the harmonization, enhancement, and greater integration of Wealth policies, standards, procedures, leading appropriate levels of alignment across client segments / product / regions.
• Develop and drive credible plans to identify root causes and remediate issues / regulatory findings, working with cross functional leaders across Wealth.
• Support enhancements to the Material Risk Inventory process for operational, compliance and reputational risks, also guiding the development of non-financial stress testing scenarios.
• Enable the redesign of Wealth Controls toward shared capabilities teams.
• Attract and retain top talent, building a strongly engaged team.
• Lead significant investment and insurance control related regulatory interactions globally, including items related to Citi regulatory commitments with Wealth impact.
• Drive robust data driven process to proactively prepare for on internal audit, risk / compliance reviews and regulatory exams in investment and insurance related areas.
• Significant Wealth Management Team interactions and Governance Committee presentations.
• Foster effective partnerships with internal Control Functions and external constituencies, including regulators, community and advocacy groups, and industry / trade associations.
• Drive awareness around activities with the CBNA legal vehicle and Wealth-operated CBNA subsidiaries; maintain processes for appropriate management and escalation of issues including to the CBNA CEO.

Qualifications :