Risk and Control Strategist

6 days ago


Kowloon, Kowloon City, Hong Kong SAR China Citibank (Switzerland) AG Full time
Job Description

Citibank (Switzerland) AG seeks an experienced Risk and Control Strategist to join its team in Kowloon. The successful candidate will have a minimum of 6-10 years of experience in financial services, with a strong background in risk management.

About the Role

The Vice President, Business Risk and Control role is responsible for helping contribute to governance and the facilitation of the execution of the Manager Control Assessment (MCA). This includes assessing and approving risks associated with business changes, as well as supporting teams in the quality, completeness, and accuracy of the implementation of the Control Framework.

Responsibilities
  1. Contribute to the governance and facilitation of the MCA, ensuring that all aspects are executed in accordance with established policies and procedures.
  2. Assess and approve risks associated with business changes, working closely with control and process owners to identify potential issues.
  3. Support teams in the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management Policy, Lesson Learned Policy, and Control Inventory.
  4. Perform detailed analysis to identify issue root cause, recommending holistic corrective actions and improvements.
  5. Contribute to the Lessons Learned Policy, monitoring control breaches and disseminating learnings across other business units for process improvement.
  6. Review and challenge process design and management within FLUs, ensuring effective mitigation of risks as required by the Control Standards.
  7. Contribute to the timeliness, accuracy, and completeness of the MCA through controls prior to the execution of a process (QC).
  8. Monitor adherence to the MCA Standard through controls after the execution of a process (QA).
  9. Deal with Operational and Compliance Risk in accordance with established policy requirements.
  10. Identify, assess, escalate, and manage risk exposures across Risk Categories (Operational Compliance, Strategic, Reputational, etc.).
  11. Participate in identifying, assessing, recording, and responding to Operational and Compliance Risk events.
  12. Ensure adequate governance and training are in place to support management of Risk profiles.
  13. Contribute to the risks associated with New Activities and changes to the Business.
  14. Support operational risk scenario analysis and stress testing for Operational Risk Capital requirements.
  15. Coordinate risk and control responsibilities, ensuring accountabilities are embedded within FLUs, and provide training and lead by example.
  16. Apply knowledge of the business, products, or services to identify and implement control points and processes throughout the business.
About Us

Citibank (Switzerland) AG is a leading global bank offering a wide range of financial services. As a Risk and Control Strategist, you will be part of a dynamic team dedicated to ensuring the bank's continued success. With a focus on risk management, you will play a critical role in shaping the bank's strategy and decision-making process.

Requirements
  • 6-10 years of experience in financial services, with a strong background in risk management.
  • Excellent problem-solving skills, with high attention to critical details.
  • Demonstrated ability to develop and implement strategy and process improvement initiatives.
  • Consistently demonstrates clear and concise written and verbal communication skills.
  • Effective organizational influencing skills required.
  • Knowledge of Third-party vendor management and Operational Risk Management preferred.
  • Bachelor's/University degree, Master's degree preferred.

Estimated salary: $120,000 - $180,000 per year, based on industry standards and location.



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