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Markets Fraud Risk & Control Officer (VP)

Company: Citi
Location: Westbury
Posted on: January 26, 2023

Job Description:

This position specifically supports the Markets Global Fraud Risk Management Office and will support the strategic direction and build out of the fraud risk control framework. The Global Fraud Risk Management Office is a relatively new team looking to expand its scope by adding a VP who will support various aspects of the fraud risk management framework. The team supports the Global Markets business' such as Equities, Commodities, FX, Rates and Spread Products. The team works closely with fraud risk officers across the bank as well as second line functions such as risk and operational risk management. The team is looking for a strong candidate who has the ability to drive change by working effectively across a global organization R esponsibilities:

  • Tracking, analyzing and providing guidance to the business when completing Fraud Impact Assessments which are required for new initiatives and new products
  • Responsible for the day-to-day activities required to execute on the Markets Fraud Risk Management Program; overall ensure Markets adherence globally to the Fraud Fisk Management Policy Framework established by ORM.
  • Assist in the execution of the Fraud Risk management Office Playbook if/when needed
  • Work on policies, procedures, reporting, governance, related to Markets' implementation and enhancements the Fraud Fisk Management Policy Framework
  • Assist with tracking and working with stakeholders (i.e., senior management, regional leads, Markets O&T, etc.) to resolve all internal fraud events, work with stakeholders to conduct a read across or lessons learned (where appropriate and/or required), and develop tangible take-aways/remedial actions required by Markets
  • Assist with tracking external fraud risk events related to Market's business and where applicable assist with conducting a read across or lessons learned, where appropriate and/or required
  • Identify and work with stakeholders who are responsible for implementing, maintaining, and reporting on the operation of systems and controls to prevent and detect fraud as it relates to Market
  • Work with key stakeholders to appropriately respond to fraud, suspected fraud, or allegations of fraud within Markets
  • Stays abreast of market trends and emerging fraud risks pertinent to Markets
  • Assist with remediation of corrective actions in response to issues identified by management, risk, or internal audit
  • Proactively seek ways to improve and support the Market's Fraud Risk Management Program
  • Maintains alignment to Industry Standards and Regulatory expectations where applicable
  • Assist in the drafting of presentations and management updates for delivery at the appropriate senior governance forums
  • Support audits, examinations, and corrective action plans, as needed
  • Act as a fraud risk subject matter expert and advisor to key stakeholders and team globally
  • Communicate with all levels of stakeholders to implement and execute on a globally consistent fraud risk framework
  • Additional duties and projects as assigned Qualifications:
    • Bachelor's/University degree or equivalent experience, Masters preferred, CFE certification a plus
    • 6-10 years relevant work experience in Business Risk & Controls within in the financial services industry, preferably at a broker dealer
      • Strong knowledge of how to strategically develop, maintain a risk and control framework within Citi or a peer global institution
      • Solid understanding of Markets
      • Experience in Internal Audit, Financial Control and/or Internal/External Fraud Risk Management would be desirable.
      • MS Excel, Tableau, Risk and Control Repository systems
      • Excellent oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders
      • Effective organizational influencing skills and the ability to affect people positively
      • Excellent problem solving skills; ability to see the big pictures with high attention to critical details
      • Demonstrated ability to develop and implement strategy and process improvement initiatives - Job Family Group: Risk Management - Job Family:Business Risk & Controls Time Type: Full time Primary Location: New York New York United States Primary Location Salary Range: $120,710.00 - $181,070.00 Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .View the " EEO is the Law " poster. View the EEO is the Law Supplement .View the EEO Policy Statement .View the Pay Transparency Posting - Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, New Rochelle , Markets Fraud Risk & Control Officer (VP), Executive , Westbury, New York

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