Business Selection, Conflicts & Reputation Risk, VP - London
Citi · London, United Kingdom · 1y ago
The Business Selection, Transactional Conflicts and Reputation Risk (“BSCR”) team globally supports Banking & International bankers by reviewing potential engagements with clients for transactional conflicts of interest and
reputation risk issues and leading business decisions. The BSCR team drives superior alignment decisions by holistically vetting alternative opportunities, client relationships and revenue streams, while protecting Citi by mitigating transactional conflicts and reputation risks in partnership with the business and control functions.
Responsibilities:
The Business Selection VP will assist in facilitating and managing BSCR decisions through a centralized process in coordination with senior management in Banking & International. This group analyzes critical facts and drives business selection and conflict resolution decisions that increase the probability of success, maximize profitability, and minimize franchise and other risks. The role requires a strong understanding of Banking products and transactional expertise. As part of a small, focused team, the individual will work closely with deal and relationship teams and first and second line control functions to support consistent, well-informed decision-making.
Critical responsibilities include, though are not limited to:
- Collect, summarize and, at times, develop qualitative and limited quantitative analysis relating to companies involved in a potential situation.
- Determine what transactions need to undergo heightened review and elevate to broader BSCR team.
- Communicate with deal team leaders to diligence specific deals, learn industry-related dynamics, and identify potential risks (including risks to reputation) and political sensitivities.
- Extrapolate information from bankers as to client relationships, transaction dynamics, future business prospects.
- Analyze key facts and circumstances that underlie BSCR decisions in a fair and impartial manner avoiding client, regional and franchise bias.
- Participate in discussions involving senior management, senior members of deal teams, franchise and industry heads, and senior Legal, Compliance and Risk (as appropriate) to decide between potential clients, strategize on how to manage clients, optimize fees, weigh reputation and other risks and respond to client requests to limit Citi’s businesses or go hostile.
- Verify that client discussions and documentation are in line with BSCR decisions.
- Track and maintain certain key indicators and statistics for the group.
- Assist in training bankers on transactional conflicts of interest and reputation risk.
- Identify the need for policy changes and assist in modifying/creating policies.
- Assist in cross-selling initiatives with other Citi businesses.
- Assist in designing and testing enhancement to the conflict clearance system.
Qualifications:
- Expertise in risk management and familiarity with Banking products and services.
- Excellent oral and written communications skills; must be able to build strong working relationships with key stakeholders.
- Proactive, detail oriented, and commercially-minded, and possess exceptional business judgment.
- Ability to help drive change to business practices by working effectively across multiple businesses and clusters.
- Self-starter with the ability to multitask and prioritize in a dynamic, fast paced environment.
- A JD candidate must have a law degree from a top-tier accredited law school, be admitted to practice law in the relevant jurisdiction, must have comprehensive experience specializing in general corporate law, with emphasis on M&A transactional work in a corporate or law firm environment.
- A non-JD candidate must have at least 1-2 years of investment banking experience with significant exposure to M&A.
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Job Family Group:
Business Strategy, Management & Administration------------------------------------------------------
Job Family:
Business Execution & Administration------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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