Operational Risk Sr Analyst: MCA Program, Risk and Control - Hybrid
Company: Citi
Location: Gray Summit
Posted on: August 6, 2022
Job Description:
The Operational Risk Senior Analyst role is responsible for
performing the key risk governance routines aligned to the
Manager's Control Assessment (MCA) program. - The MCA standards
establish a comprehensive self-assessment program, methodology and
tools to mitigate risks. - This role is responsible for executing
the MCA standards, performing the activities and utilizing the
tools associated with MCA for risk and control identification,
assessment, monitoring and for residual risk management of all
Governance, Risk, & Compliance (GRC) Risks supporting the
following:
- Manager's Control Assessment (MCA) Program
- Standard MCA Profiles (SMP) and Enterprise MCA Profiles
(EMP)
- Annual Risk Assessment (ARA)
- Inherent Risk Scoring
- Dependencies
- Continuous Risk Management & Monitoring
- Quarterly Risk Assessment (QRA)
- Regulatory Inventory Mapping (RIM)The Operational Risk Senior
Analyst role is responsible for program coordination and project
management support to ensure quality and consistency in execution
of standard MCA program activities, including ARCM descriptions,
SMP/EMP adoption and decline rationale, and Inherent Risk scoring
across all USRB assessment units (AUs). - Additional
responsibilities include preparation of materials for the AU
control performance through Quarterly and Annual Risk Assessment
activities and processes, providing a view of the business's
inherent and residual risk level overall and in relation to
specified taxonomy. -Responsibilities: Performs standard MCA
program activities and effective challenge of:
- ARCM Management
- Partners with the In Business Control on the set up new
ARCMs
- Partners with In Business Control to execute changes/ updates
to existing ARCMs including adding/ updating/ removing of ARCM
language/ taxonomy and/ or inherent risk scoring
- Partners with In Business Control to accept/ reject SMPs/EMPs
and ARCM dependencies ensuring consistency across AUs
- Ensures Operational Risk Events and Issues are linked to ARCMs
in Citi Risk & Controls
- Supports the design of monitoring including helping to define
and decide on monitoring statement language and updating monitoring
language in Citi Risk & Controls
- QRA/ ARA
- Prepares the Assessment Unit level QRA and ARA decks
- Supports the evaluation of results and produces the rationale/
commentary for outliers
- Validates control performance and residual risk ratings
- Validates inherent risk rating
- Reviews results with In Business Control
- Governance
- Reviews Citi Risk & Controls weekly to ensure consistency of
MCA application and to identify opportunities for improvement
- Confirms continuous monitoring results have been uploaded to
Citi Risk & Controls based on defined frequency; Raises gaps/
issues for resolution
- Partners with In Business Control to perform frequency
reviews
- Develop and maintain processes and tools to support the MCA
Execution team and drive consistency
- Regulatory Inventory Mapping
- Partners with the RIM Lead and team to support the completion
of RIM activities
- Manages gap tracker to ensure resolution/ closure of gaps
- Completes required updates to tracker in Citi Risk &
Controls
- Works with In Business Control to map new ARCMs to rules/
regulations
- Applies operational risk policies, technology and tools, and
governance processes to ensure lasing solutions for minimizing
losses from failed internal processes, inadequate controls, and
emerging risks.
- Contributes to risk assessments and drives actions to address
the root causes that persistently lead to operational risk losses
by challenging both historical and proposed practices.
- Provides governance and oversight, which may include (not
limited to) technology operational risk.
- Evaluates the control environment by ensuring appropriate
controls are in place.
- Coordinates audits, examinations, and deliverable requirements
from internal and external reviewers by supporting coordinating
activities.
- Ensures project completion, special assignments, and other ad
hoc activities as required.
- Ensures work products and activities comply with all regulatory
policies and procedures.
- Additional duties as assigned.Qualifications:
- 5-8 years relevant experience
- Excellent verbal and written communication skills
- Customer focused with excellent Interpersonal skills and
ability to work well in a team environment collaborating across
diverse group
- Demonstrated understanding of operational risk and gap
identification
- Ability to multi-task and manage multiple priorities
simultaneously
- Ability to present a compelling case to influence others where
appropriate
- Well versed in breaking down complex matters into core issues
and root causes so that they can be readily addressed
- CBORC regulatory policies and procedures knowledge a plus
- Experience with Citi Risk & Controls and knowledge of Manager's
Control Assessment/ ARA QRA a plus
- Business or risk experience in credit card, retail banking or
personal wealth management a plus
- Experience in Risk Management, Product Management, Internal
Audit, Compliance or related field a plusSkills/ Competencies:
- Proficient in MS Office applications necessary for executing
job responsibilities
- Strong analytical and conceptual skills
- Superior writing skills to support MCA and the development of
ARMCs
- Superior communication and interpersonal skills
- Independent thinker and able to perform a credible challenge of
the Business
- Ability to influence and convince without authority
- Ability to work collaboratively within and across functions and
Lines of Defense
- Effective team player and contributor in dynamic
environment
- Ability to work effectively in virtual teamEducation:
- Bachelor's/ University degree or equivalent
experience-------------------------------------------------Job
Family Group: Risk
Management-------------------------------------------------Job
Family:Operational
Risk------------------------------------------------------Time
Type:Full
time------------------------------------------------------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 .View the
"" poster. View the .View the .View the
-----------------------------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, Columbia , Operational Risk Sr Analyst: MCA Program, Risk and Control - Hybrid, Professions , Gray Summit, Missouri
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