Markets Data Controls Execution VP

Markets Data Controls Execution VP

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Job Overview

Markets Price Risk Data Execution team is looking for a Data Control Vice President, leading the implementation of 1st Line of Defense (1LOD) data controls in Price Risk, SA-CCR, FRTB (SA & CVA).

'Price Risk' includes all aspects of market risk management across First Line and Second Line functions and the initiative sets out to improve and enhance risk management controls and processes across Markets businesses and Citi Treasury Investments (CTI).

This role is part of the Markets Price and Credit Risk & Control (PCRC) Execution team as a first line cross-asset risk and control function, which designs, operates, and facilitates controls to manage the operational risk, valuation risk, and governance components of managing quality of Price Risk, including data quality risk.

The team works closely with Global Markets Trading Businesses, In-Business Risk (IBR), Global Market Risk (GMR), and Finance in building 1LOD data controls, managing data risk, and implementing data quality issue management and governance with automated data analytics across processes and activities within Price Risk, Standardized Approach for calculating Counterparty Credit Risk under Basel regulations (SA-CCR) and Fundamental Review of the Trading Book (FRTB) Standardized Approach (SA) and Credit Valuation Adjustment (CVA).

The role requires knowledge of Price Risk processes across first and second line risk management, product control, and valuation control, as well as change skills to define, organize, and co-ordinate a strategic program of work across businesses and regions.

The Price Risk Data program covers all asset classes in Markets and CTI. Successful execution will require collaborating with cross-functional stakeholders to define a best-in-class target state, with a robust control framework as well as a set of practical actions to achieve this.

Responsibilities

• Design and implement daily controls to mitigate identified data risk, analyze data control metrics, escalate data quality issues in a timely and well-articulated manner, and lead issue remediation connecting to the Price Risk strategic data programs
• Assess control operating effectiveness, perform gap assessments or lesson learned analysis, identify and implement control enhancements as needed
• Assist in driving standardized and consistent mechanisms to evidence controls and supervision, and ensure alignment with longer term infrastructure initiatives
• Understand the data quality issues aligned with that data set including end-to-end data flows and controls and ensure these are addressed in the defined target state solution with robust controls
• Support strategic data execution against the designed target state control framework for Price Risk, including business analysis, data analysis, practical testing, and implementation
• Act as SME by providing strategic data risk advisory and support to the business and other stakeholders, guiding in decision-making processes
• Provide centralized support to the business on data related policy, procedures, and requirements
• Support regulatory and Internal Audit engagements, identify necessary corrective actions, and facilitate remediation, ensuring timely response and delivery

Qualifications & Skills

Education

Bachelor's / University degree or equivalent experience, Master degree is a plus.

Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management. For complementary skills, please see above and / or contact the recruiter.