Assessment & Design Lead Analyst (Vice President)

Key Responsibilities

• Proactively work with Investment Products teams across Capital Markets, especially Foreign Exchange Products on identifying risks in existing process, evaluate adequacy of controls and mitigate through enhancement of controls, wherever applicable.
• Actively work with Control Owners to map all Key Inherent Risk Process and existing including enhanced Controls in Control Inventory, thereby ensuring effective monitoring of Controls in MCA framework.
• Evaluate any issues identified through Escalation Mechanism, Customer Complaint, Operation Loss, Internal and External review to understand the impact to existing process and control framework, including leading the remediation efforts with Investment Solution Team.
• Supporting the business in review of Product Programs, Desktop Procedures across Capital to identify risks in current process, evaluating areas of strengthening of controls and ensure sustainability of those controls are built as part of monitoring, wherever applicable.
• Act as Accountable Functionable Reviewer and assess each new product or process rolled out have effective controls embedded as part of the process include review of Risk Stripes to ensure risk and mitigants have been captured.
• Working with Sales & Advisory and Investment Product teams to continuously evaluate and drive the maintenance of the regulatory inventory linkage in supporting controls in Citi's system so that management can effectively demonstrate adherence to applicable laws and regulations through the Manager's Control Assessment program.
• Lead the engagement with Product on ensuring 'Audit Readiness' including leading the targeted reviews and engaging with Internal Audit and Compliance Assurance as part of Audit and Exam Management.
• Assess the effectiveness of existing controls through horizontal process-based reviews out of lesson learned activity on internal events or external events faced by industry. Wherever, gaps are identified, work with business to develop and implement corrective action plan.
• Actively collaborating with business to identify, evaluate, and manage regulatory adherence risks arising from the definition of business strategy, development of new products and services, changes in regulations or internal policies, or from business-led changes.
• Developing strong engagement model with Business, Operations & Technology and partners in 2nd and 3rd line of defense to reduce and mitigate regulation risk.
• Engage with stakeholders in designing Issues and CAPs with control owners to mitigate the risk including overseeing its completion on time. This requires engaging with ICQ team for ensuring CAP closure is effective and risk is mitigated.