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VP Risk Appetite and Limits (Hybrid)

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Citi

1mo ago

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Mississauga

AI generated summary

  • You need 5-8 years in financial services, strategic project execution, strong communication skills, accountability, organization, curiosity, and a bachelor's degree. Be proactive and detail-oriented.
  • You will drive risk appetite processes, collaborate with risk management teams, lead control initiatives, identify improvement opportunities, and support strategic projects for senior management.

Requirements

  • 5-8 years of experience in the financial services industry, preferably in a risk management, product management, or strategy role
  • Experience in executing strategic projects for a large organization
  • Ability to learn processes quickly and demonstrated accountability for delivery of outcomes
  • Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements
  • Strong written and verbal communication skills, with a focus on collaboration, and the ability to build trust and influence stakeholders
  • Self-starter who is proactive, detail-oriented, and not afraid to speak up
  • Solid organizational skills
  • Naturally curious, interested in diving deep to learn how things work to help connect dots and provide practical solutions
  • Bachelor's/University degree

Responsibilities

  • Support execution of key risk appetite processes including development of risk appetite statements. Drive process enablers such as updates to procedures, controls, technology to completion.
  • Work closely and constantly with Enterprise Risk Management teams, 1LOD and 2LOD risk category and business teams to collaborate and achieve outcomes
  • Lead broader control initiatives (e.g., Managers Control Assessment) and other cross-pillar risk appetite-related projects
  • Identify opportunities to simplify, or better connect risk appetite processes with other ERM initiatives and develop a proposal for execution
  • Develop a strong understanding of Enterprise Risk Management and work on ad-hoc strategic projects for senior management.
  • Partner with internal teams to project manage, and/or support on-time delivery of requirements, administration, and closure of issues and corrective actions

FAQs

What is the main responsibility of the VP Risk Appetite and Limits role?

The main responsibility is to implement the firm's risk appetite and limit framework, driving strategic initiatives related to risk appetite and collaborating with various stakeholders.

What qualifications are required for this position?

Candidates should have 5-8 years of experience in the financial services industry, preferably in risk management, product management, or strategy roles, along with a Bachelor's/University degree.

Will the VP Risk Appetite and Limits need to collaborate with other teams?

Yes, the VP will work closely with Enterprise Risk Management teams, 1LOD and 2LOD risk category teams, and other business teams to achieve outcomes.

Is prior experience in executing strategic projects important for this role?

Yes, experience in executing strategic projects for a large organization is important for this position.

What skills are essential for success in this role?

Essential skills include strong written and verbal communication, organizational skills, the ability to manage deadlines, and a proactive, detail-oriented mindset.

Are there opportunities for personal development in this role?

Yes, the position offers opportunities to learn about Enterprise Risk Management and work on strategic projects for senior management, fostering personal and professional growth.

What type of work environment is this role based in?

The role is hybrid, meaning it involves a combination of remote work and on-site presence.

How important is communication in this position?

Communication is very important; the role requires strong collaboration skills and the ability to build trust and influence stakeholders effectively.

Is a self-starter attitude valued in this role?

Yes, a self-starter who is proactive and not afraid to speak up is highly valued in this position.

Are there opportunities to simplify processes in this role?

Yes, the position involves identifying opportunities to simplify and better connect risk appetite processes with other Enterprise Risk Management initiatives.

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Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

  • Live Well, Stay Healthy

    Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

  • Paid parental leave

    We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

  • Save well, for now and your future

    We empower our employees to manage their financial well-being and help them plan for the future.

  • Keep learning

    Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.