Job Information
Citigroup Head of Entity Governance & Risk Management of Banco Citibank in São Paulo, Brazil
Head of Entity Governance & Risk Management of Banco Citibank, reporting directly into Brazil Chief Risk Officer.
This is a strategic and active role within the risk management of the legal entity and Brazil as a country and business franchise. The role ensures the risk profile to be fully understood, managed and reported to senior management to protect the local franchise from unexpected risk related matters.
The position reports into the Brazil Chief Risk Officer (CRO) and is to run the Entity Governance & Risk Management Function in São Paulo, covering Banco Citibank and other legal entities in Brazil.
The position is very critical to protect the franchise from any risk-related issues, supporting the CRO to ensure compliance with Brazil regulation for all Risk Management aspects for the local entities.
Key Responsibilities:
To ensure regulated Citi Entities are in compliance with Brazil regulatory requirements. This includes the risk identification and assessment process, the management of risk from a 2nd Line of Defense perspective, the reporting and escalation of risk for all material risk categories. Timely reporting and escalation to the CRO for any risk related topics.
To develop risk strategies including Risk Appetite Statements and Risk Identification and Assessment Process for Banco Citibank and other legal entities in Brazil.
To support the completion of ICAAP (Internal Capital Adequacy Assessment Process) by providing review and challenge, conducting a regulatory gap analysis and other key aspects.
To ensure all necessary Risk documentation and reporting (e.g. Senior Management Reporting, etc.) is enhanced to an industry “best practice” standard.
To manage key risk management related initiatives and projects to ensure compliance with local regulation and Citi standards.
To have oversight over the local New Activity Committee (NAC) and to ensure compliance with applicable regulation.
To represent Risk Management Brazil vis-a-vis Internal Audit / External Audit and the Regulatory authorities.
To oversee Outsourcing Manager responsibilities according to underlying Third Party Policy for his respective affiliate and third-party outsourcings in his business area. This will include such activities but is not limited to risk assessments, defining controls and KPI/KRIs, reporting, attestations, as well as escalation to the Outsourcing Coordinators of any services issues identified at any time.
To be actively involved in key strategic initiatives and the implementation of new rules and regulatory requirements from a Risk Management perspective.
Appropriately assess risk when decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
To deputize the Brazil CRO in case of delegation.
Development Value:
This role provides development opportunities as a senior role integral to country and legal entity risk management for one of Citi’s strategic legal entities operating in Latam. The Job holder will own projects from inception to completion, dealing with a wide variety of internal and external clients, including local regulators. A broad range of projects will enable job holder to experience many different aspects of products and allow for plenty of creativity to ensure full compliance with local regulatory requirements. Opportunities available to take on additional responsibilities over time.
Experience, skills and capabilities:
• University Degree in Business Administration/Economics or Statistics
• Fluent in English and Portuguese
• Experiences in credit or market risk related business or in Risk Management
• Experiences within a credit or market risk related function/business or in Risk Management.
• MS Excel / Word / PowerPoint / Access
• Good PC knowledge (desktop applications / Citi applications / Maintenance of data bases of spreadsheets with macros)
• Excellent analytical skills also with complex formulas
• Goal-oriented and with a desire for new challenges
• Good Leadership skills
• Strong negotiation skills
• Flexible and highly motivated
• Excellent communication and presentation skills
• Excellent analytical skills
• Ability to take responsibility and work independently
• The ability to set priorities and execute
• Perform under pressure and work against deadline
Job Family Group:
Risk Management
Job Family:
Risk Functional Management
Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.