Risk Officer Job at CitiBank Nigeria, June 4th 2013

Citi is today´s pre-eminent financial services company and was built to create a highly diversified financial services company that could act as one to deliver solutions to clients throughout the world. With the most diverse array of products and the greatest distribution capacity of any financial firm in the world, our
employees manage 200 million customer accounts across six continents in more than 100 countries.

Citiis recruiting to fill the position of:

Job Position: Enterprise Risk Management (ERM) - Risk Officer
Location: EMEA-NGA-LA-Lagos
Ref: 13027386
Schedule: Full-time

Job Description

• 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.

• 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.

• Conduct BRCC (Business Risk, Compliance, and Control Committee) as required by governance policy guidelines
• 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
• 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.
• 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.
• 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.
• 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
• Identify emerging risks for the Citi Franchise.
• 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.

• 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.

• 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.

• Strong interpersonal skills
• Strong written and oral communication skills
• Unwavering commitment to co-operative and collaborative working
• Strong Excel and presentation skills.
• Strong analytical abilities
• Significant attention to detail
• Strategic and goal-oriented focus

• 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.