1+ months

Citi Private Bank - Senior In-Business Risk Manager

Frankfurt am Main, Hessen 60311
This role will be based in Luxembourg until Q1 2022

Citi Private Bank EMEAs Business Risk and Control team is an in-business team responsible for oversight and co-ordination of control related activities for the Private Bank. The Business Risk and Control teams core function is to ensure the proactive identification and mitigation of risk and control issues and works closely with Citis internal control functions so that the Private Banking business meets its obligations for internal control and risk management. The Business Risk Manager will work with the Business Risk and Control team and wider Private Bank business to enhance the control environment, and to oversee policies, processes and controls that address the variety of internal and external control requirements to which Citi Private Bank are subject.

The Senior Business Risk Manager will be responsible for various risk management duties as assigned, which will include:

Risk partnering and support for CPBs Private Banking business in Germany and other related locations, working with sales, product and support teams on all aspects of risk and control

Execution and oversight of the Private Banks Risk & Control assessment process in Germany and other related locations

Preparation of the quarterly Private Bank Entity Rating process for Germany and other related locations

Collation and reporting of key risk and control related metrics relating to Germany the EMEA region and in support of the Private Banks Global risk assessment process

Preparation of materials for and active participation in business, location, regional Governance forums that relate to CPB

Monitoring and tracking corrective action plans, overseeing appropriate and on-time remediation of risk issues

Preparation of Business Risk management information, including presentation of risk and control related MIS to key governance committees (e.g. Country, Region)

Execution and oversight of controls testing activity across a variety of processes for the Private Bank, including key processes and controls relating to Germany and other related locations (e.g. AML, MIFID II Suitability)

Causal analysis and remediation of control weaknesses or errors identified through the risk and control assessment processes or through operational losses or risk events

Supporting the execution and co-ordination of the Internal and External audit agenda

Supporting the commercial implementation of Citi wide policies and procedures in the Private Banking business

Delivering process and control deep dive review activity as required by the Head of Business Risk and Control

Supporting the execution of a program of risk and control related initiatives.\

Development Value:

The Senior Business Risk Manager will work closely with a variety of stakeholders and functions within Citi Private Bank and the broader Citi organization.

The position allows for considerable professional growth and learning across all material areas of risk and will expose the candidate to a wide and diverse range of policies, processes and products across the Private Bank and related risk and control disciplines


Minimum 10 years of experience in Private Banking, Wealth or Asset Management, Capital Markets

Experience in implementing operational risk management tools, frameworks and processes

Proven experience of working in, or with, control functions such as: Compliance, Audit, Risk

Awareness of relevant UK / Swiss / EU regulation and regulatory frameworks would be beneficial

Ability to work well in a cooperative, high energy, matrix managed business

Ideal candidate will have experience of business, process and risk management in financial services

Demonstrates a knowledge of EU Regulatory Environments, in particular those that relate to KYC, AML, Sanctions, Sales and Suitability


Analytical inquisitiveness and problem solving ability; an ability to ask insightful questions, break analytical challenges into workable components and draw meaningful conclusions

Efficient and effective use of office software (including spreadsheets and databases)

Ability to work well in a cooperative, high energy, matrix managed business

Ability to collaborate with and lead others to achieve objectives

Flexible approach and willingness to be 'hands -on' as and when required

Good at brainstorming; can conceptualise new approaches quickly

Can communicate complex ideas simply and compellingly


Proven track record of delivery in a complex matrix environment

A professionally recognized controls based background in Compliance, Audit, Risk Management or similar

A sound understanding of processing within a complex systems environment

Degree educated

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


Strong inter-personal skills, including stakeholder and conflict management

Analytical ability

Attention to detail

Ability to sift through complexity, identify potential areas of risk and set forth issues clearly

Ability to prioritise multiple tasks based on materiality

Able to work under pressure and to strict deadlines

Drive and determination - high energy level, but dispassionate and independent

Able to manage routine processes with precision and ad hoc projects with flexibility and creativity

Able to approach unfamiliar situations with reference to good control practices

Effective verbal and written communicator with good report writing and presentational skills

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 organisational success


**Job Family Group:**

Risk Management


**Job Family:**

Business Risk & Controls


**Time Type:**


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 **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Posted: 2021-07-12 Expires: 2022-02-16
Sponsored by:
ADP Logo

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Citi Private Bank - Senior In-Business Risk Manager

Frankfurt am Main, Hessen 60311

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast