Data Architecture Risk Manager, Senior Vice President
Citi · Budapest, Hungary · 8mo ago
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your expertise / SME in Data Architecture along with solid Risk Management challenging experience to Citi’s Operational Risk Management (ORM) team.
By Joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team / Role Overview:
ORM is an enterprise-level independent risk management function responsible for enterprise-wide oversight and aggregation of operational risk. Its mandate covers all business lines (US Personal Banking, Global Wealth Management, Markets, Services, Banking, Global Functions & EO&T) spanning all geographies.
The ORM function oversees the design and implementation of the non-financial risk management framework. Key objectives of the risk management framework for Data Risk are:
- Operating model, staffing, and culture
- Operational risk appetite
- Control objectives and standards
- Operational risk and control assessments and reporting
- Strategic decision-making
- The effective execution of Citi's Enterprise Data transformation.
Because Citi's Enterprise Data transformation cuts across the enterprise and is multi-disciplinary in nature, ORM's oversight for data risk management at Citi relies upon a “Hub and Spoke” approach, incorporating the second line of defense (2LOD) Business/Region/LV Global Op Risk Officers and other relevant independent risk functions. These teams work collectively to dispense appropriate risk oversight responsibilities, ensuring well-coordinated risk assessments, risk identification, measurement/monitoring, and timely remediation of key gaps. Furthermore, the ORM Data Risk team delivers an enterprise-level aggregation of risk oversight outcomes to assess the firm’s progress toward the Data Transformation target state.
The Data Architecture Risk Manager, will lead data architecture and data domain centric risk assessments of data remediation efforts across Citi, as well providing data architecture and data domain risk SME expertise. This role will be accountable for providing leadership for hub only, as well as hub-and-spoke challenges for coverage of data remediation efforts to meet regulatory commitments.
What you’ll do:
Control objectives and standards: Ensure Enterprise Control Standard and controls design requirements are clearly articulated and implemented consistently across Business and Function coverage teams
Strategic decision making: Execute and contribute to continuously improving Data Risk Management practices, insights and tools which are consistently embedded in day-to-day business processes and strategic decision-making of Business and Function coverage teams to enable proactive issue identification and comprehensive remediation.
Transformation: In addition to overseeing the compliance against ORM frameworks, Data Risk Management has the added complexity of overseeing the effective execution of the Enterprise Data transformation. This transformation cuts across the enterprise and is multi-disciplinary in nature
- Mentor and advise on the Data Risk concepts and skills to all three lines of defense as part of ongoing execution of the operating model.
- Negotiate and remediate resulting risk and control concerns identified.
- Escalate significant or unaddressed risk issues and control environment concerns to appropriate channels.
- Contribute to ongoing business-as-usual activities associated to maintenance of policies, standards, and procedures as assigned.
Leadership Characteristics:
- Experience in risk management, including a successful track record of executing risk management challenges at a large financial services organization.
- Subject matter expertise in Non-Financial Risk Management with a proven risk and control track record in technology, data, and/or reporting risk.
- Business understanding of the products and services Citi offers and how risk management practices contribute to other work across Citi; understand downstream impacts of decisions made.
- Track record of managing internal relationships and partnering with a range of stakeholders (e.g., business, functions) in leading sustained change and change management efforts.
- Strong technical problem-solving skills and an ability to identify conflicts, discrepancies, and other issues, and bring together the right team to solve them.
- Well-developed listening skills and a strong ability to communicate and engage at the management level, both orally and in writing.
- Ability to constructively challenge others at all levels and across boundaries to deliver better results.
- Continuous improvement mind-set to solve for root causes, assess the impact of actions and adjust as needed; simplify and standardize at every opportunity.
What we’ll need from you:
- Solid Data Architecture experience (technical experience designing, developing, implementing and supporting Data Architecture), essential.
- Proven experience with full cycle Risk Management challenges in a global risk organization required.
- Deep knowledge of data modelling, data governance, and data architecture approaches, master and reference data, operational data risks and execution.
- Deep knowledge of financial and risk data, along with an understanding of regulatory, compliance, risk management, and financial management concerns
- Demonstrable understanding of Data fundamentals, including Data architecture, Data principles, and a deep appreciation of intersectionality and interdependency with enterprise Technology and systems architecture.
- Experience in overseeing complex initiatives related to global data programs in a large-scale, distributed organization.
- Strong track record in leading teams to deliver technical risk and control assessments and negotiate outcomes at scale.
- Subject matter expertise in operational risk management as applied to Data Risk.
- Bachelor's or Master's degree in Computer Science, Data Science, Information Technology, Business, or a related field are preferred.
- Certifications preferred: Certified Data Management Professional via DAMA International, Certified Data Professional via ICCP, Certified Business Intelligence Professional via The Data Warehousing Institute.
What we can offer you:
By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:
- Cafeteria Program
- Home Office Allowance (for colleagues working in hybrid work models)
- Paid Parental Leave Program (maternity and paternity leave)
- Private Medical Care Program and onsite medical rooms at our offices
- Pension Plan Contribution to voluntary pension fund
- Group Life Insurance
- Employee Assistance Program
- Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
- Flexible work arrangements to support you in managing work - life balance
- Career progression opportunities across geographies and business lines
- Socially active employee communities with diverse networking opportunities
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
#LI-TM3
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Operational Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location Full Time Salary Range:
Ft20,172,680.00 - Ft33,822,720.00------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Control Monitoring, Credible Challenge, Governance, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
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This job opening is for an existing job vacancy.
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