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Citi

Permitted Products Risk Manager

Citi

  • Belfast
  • Not disclosed
  • Permanent full-time
  • Updated 19/12/2017
  • Citi
this job is expired

Description

Coordinate and support both existing controls governing Permitted Products across Citi business globally, and projects/initiatives to strengthen and improve these controls to achieve best practice and regulatory compliance.

 

Job Purpose:

Coordinate and support both existing controls governing Permitted Products across Citi business globally, and projects/initiatives to strengthen and improve these controls to achieve best practice and regulatory compliance. The role involves providing guidance and support to, Market Risk Managers in relation to Permitted Products as well as acting as a strategic partner with Front Office businesses and their other control functions (Legal, Compliance, Finance, Middle Office and Operations).

The role reports to the Head of Permitted Product Management Team, a team of 5-6 people, who are responsible for managing the design and implementation of controls and governance relating to the Permitted Products, and sits within the Trading Book Risk Management group.


Key Responsibilities:

* Coordinate and support and projects and BAU controls in relation to Permitted Products:
* Review requests from the Front office or Risk Managers to add products or permissions to a Desk's Permitted Product List (PPL) and determine appropriate approval requirements;
* Manage the PPL Master Product definitions and hierarchy and partner with Finance on a project to integrate Finance and Risk product hierarchies;
* Provide on-going guidance and training to Market Risk Managers, Business Unit Managers and Control Function partners in relation to Permitted Products and the control processes governing them;
* Work with other functions on projects to enhance the PPL Control Framework and to leverage the PPL framework to facilitate other initiatives and regulatory requirements (e.g. FRTB).
* Review/support the PPL change control - including assessing the appropriateness of change approvals and communicating (and following up on) any necessary remediation actions;
* Review/support the PPL compliance control- including assessing the accuracy and timeliness of Risk and Front Office investigations, determinations, escalations and remediation plans in relation to potential PPL violations (detected via the Risk Management-owned systematic compliance monitoring tool), and communicating (and following up on) any necessary radiation actions;
* Manage the PPL Annual review process (involving Risk, Front Office Management and Control Functions);
* Support the completeness, accuracy and validity of the PPL inventory based on the analysis of Compliance Monitoring and execution of PPL Change Management and Annual review processes.
* Assess on a continuous basis the adequacy of PPL Management Systems to support effective functionalities and propose and test enhancements;
* Provide information and guidance to other functions within Citi in relation to Permitted Products (including supporting regulatory requests).


Knowledge / Experience:

* Good knowledge and understanding of financial products;
* Previous experience (preferred) engaging with Financial Services Industry in Risk, Compliance, Legal, Finance, and Operations.
* Extensive years of proven experience in working in a team delivering solutions.
* Excellent data management and spreadsheet skills, preferably with experience of macros
* A control orientation is preferred.

Qualifications:

University degree in quantitative subject (e.g. Economics, Mathematics, Science, Business, Accounting, Engineering)


Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success.

Citi is an Equal Opportunities Employer.


To apply for this position please click here

Ref: 17079919_1511542525
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