Director -Safety and Soundness
Company: Citi
Location: Allen
Posted on: January 20, 2023
Job Description:
VisionDrive comprehensive supervision, regulatory and controls
strategy across ICG Loan Operations NAM. Partnering with key
stakeholders in Risk & Control, ORM, Finance and Internal Audit -
this function will lead the on-going design, self-assessment,
implementation and enhancement of the supervisory and control
framework required 'on the ground' in loan operations to deliver
both current and future state success. Key Principals and
Objectives
- Ensure a clear, understanding of supervisory, regulatory and
control expectations 'in the line' - know our regulations,
policies, standards, and key controls
- Demonstrate proactive management of those expectations -
develop a global heatmap outlining current state, opportunities for
enhancement, and future state action plans
- Document and manage the global plan of supervision - what are
the key points we monitor globally, where do we monitor them, and
how do we evidence action as needed
- Articulate clearly the key controls points - preventative,
detective, oversight; are we processing accurately, timely,
completely; where do we see emerging issues and what are the
compensating controls downstream
- Drive the culture of supervision and controls at all levels -
providing coaching and training for new hires and new leaders,
setting clear expectations, celebrating control success
- Build supervision and controls into the foundation of
transformation efforts
- Leverage, partner, and build upon existing teams, partners and
initiatives to maximize the value add directly back to loan
operations - staffing with respected loan product and control
expertsRegulations, Policies and Standards
- Develop and manage the inventory of core regulations, policies
and standards applicable to global loan operations. For example:
Manual Payments, Balance Sheet Substantiation, Regulation W, Client
Complaints, etc.
- Assess current state compliance against the inventory and
design / deliver enhancements to processes and controls as needed
to ensure ongoing compliance.
- Ensure future state compliance against the inventory through
close partnership with Transformation. For example: Loan IQ
- Manage implementation of new regulations, policies and
standards. For example: Implementation of ORM Minimum Control
StandardsRegulatory Operations Management
- Manage regulatory audits, reviews, queries, and responses for
global loan operations.
- Provide global oversight of regulatory commitments and
deliverables for loan operations.
- Drive enhancements and controls for key areas of regulatory
interest. For example: Implementation of Change Control
Governance
- Partner with senior level control functions such as ORM,
Internal Audit, Finance and Regulatory Management to drive future
outcomes together strategicallyAccounting and Balance Sheet
Controls
- Manage the comprehensive list of cash, suspense and balance
sheet accounts utilized by loan operations
- Ensure completeness and ongoing control and management of
reconciliation and operational reporting for both current and
future state (Loan IQ). For example: BSER / NBSER
- Provide oversight of core accounting and balance sheet metrics.
For example: Red Accounts, Overdrafts, Suspense Accounts
- Develop and Manage the key control processes with Finance. For
example: Month End / Quarter End AdjustmentsKey Operational
Controls
- Design, develop and implement the plan of supervision
- Partner with Risk and Control to manage and enhance the
inventory of controls - ensuring completeness, quality and
standardization
- Partner with Risk and Control to manage the Significant
Deficiency (SD) rating remediation - including leadership with Risk
and Control, Finance, and KPMG
- Partner with Risk and Control to assess the current state of
operational control effectiveness, identify potential areas for
enhancement and deliver long term strategy for improved operational
engagement. For example: SOX controls, ORE write-ups,
etc.Supervision & Control Culture
- Design, develop and implement comprehensive supervision,
regulatory and control culture strategy inclusive of staffing,
training / development, retention and recognitionQuality Control
- Assess current state of the quality control function
implemented post Revlon, identify potential areas for enhancement,
and deliver long term strategy for preventative control
management
- Partner with Risk and Control to optimize the balance of
preventative (in business) and detective (risk and control)
controls in developing the strategy for maximum effectiveness - Job
Family Group: Decision Management - Job Family:Data/Information
Management Time Type: Full time Primary Location: Irving Texas
United States Primary Location Salary Range: $200,000.00 -
$300,000.00 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 .View the " EEO is
the Law " poster. View the EEO is the Law Supplement .View the EEO
Policy Statement .View the Pay Transparency Posting - Effective
November 1, 2021, Citi requires that all successful applicants for
positions located in the United States or Puerto Rico be fully
vaccinated against COVID-19 as a condition of employment and
provide proof of such vaccination prior to commencement of
employment.
Keywords: Citi, Allen , Director -Safety and Soundness, Executive , Allen, Texas
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