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Primary Location: Australia,New South Wales,Sydney
Education: Bachelor's Degree
Job Function: Compliance and Control
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18047947
Citi is more than a global financial services company. It is an engine for progress. Join us, and you will have the chance to get involved in progress in all its shapes and forms, right across the world. From the micro to the macro, from Australia to Zambia, the work we do has real positive impact. Wherever you are and whatever you do, progress starts here.
We have built a world famous, trusted brand over 200 years of continuously evolving financial services. Today, our influence continues to grow: with financial operations in 160 countries and 100 currencies. We have 200 million different clients, including some of the biggest names in the industries, sectors, businesses and governments that we serve every day. It all adds up to an exciting place to be for talented, ambitious people who want to build a truly remarkable career.
This first line operational risk role will be responsible for supporting the Consumer Business Operational Risk and Control (CBORC) team sitting within Cards and Loans Product to meet the Banks operational risk framework requirements and maintain a strong control focus.
In this role you will work within the business to ensure controls are adequately designed, documented and monitored, as well as evaluating how well risks are being managed.
Risk Identification, Analysis, and Management
Coordination of Process Reviews and 'Deep Dives'
Assist in Audits, Reviews and Regulatory Examination Management
Implementation of corrective action plans
Review and approve policy and procedure documents
Escalate incidents to senior management
Assist the business manage internal audits
Perform root cause analysis on issues and establish an effective feedback loop to management
Influence Business Unit Managers to adopt control improvement recommendations
Ensure any potential concerns are addressed in a timely and effective manner
Validate corrective action plans have successfully mitigated risks raised
To be successful in this role you will:
Relevant undergraduate degree qualifications
Be highly motivated and results driven with the capacity to work in a fast paced environment and manage multiple priorities
Be highly adaptable to change and enjoy working in a challenging environment
Display strong understanding of operational risk, process and controls concepts, including risk identification, monitoring frameworks and methodologies
Have sound risk reporting skills
Sound background in Consumer banking, preferably Cards
Have at least 5 years experience in a similar first line risk role, Compliance or audit
Ability to breakdown and communicate technical/complex concepts to a broader audience
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.