Vice President, Business Risk and Control Officer

Welcome to Citigroup, a leading global financial services company with a rich history of providing innovative solutions to our clients. We are currently seeking a highly experienced and motivated individual to join our team as the Vice President, Business Risk and Control Officer. As a VP in this role, you will play a critical role in managing and mitigating business risks across our organization, ensuring compliance with regulatory requirements, and promoting a strong risk culture. If you are a strategic thinker with a strong understanding of risk management and a passion for driving business success, we invite you to apply for this exciting opportunity. Read on to learn more about the qualifications and responsibilities of this role.

1. Develop and implement risk management strategies and policies to effectively identify, assess, and mitigate potential risks within the organization.
2. Monitor and analyze risk trends and provide recommendations for improvement to senior management.
3. Conduct regular risk assessments and facilitate the implementation of risk controls and mitigation plans.
4. Collaborate with cross-functional teams to ensure compliance with regulatory requirements and internal policies and procedures.
5. Serve as a subject matter expert on all aspects of business risk and provide guidance to business units on risk management best practices.
6. Lead the development and implementation of training programs to promote a strong risk culture across the organization.
7. Provide guidance and support to business units in the development of business continuity plans and procedures.
8. Monitor and report on key risk indicators and escalate any potential issues to senior management.
9. Stay updated on industry trends and changes in regulatory requirements to ensure the organization remains compliant.
10. Foster strong relationships with internal and external stakeholders to promote effective risk management and control processes.
11. Prepare and present risk management reports and updates to senior management and regulatory agencies.
12. Develop and maintain strong partnerships with other departments, including compliance, legal, and internal audit, to ensure a comprehensive approach to risk management.
13. Participate in special projects and initiatives related to risk management and control as needed.
14. Continuously review and improve risk management processes and procedures to adapt to changing business needs and regulatory requirements.
15. Act as a role model for ethical behavior and promote a positive risk culture throughout the organization.

According to JobzMall, the average salary range for a Vice President, Business Risk and Control Officer is $130,000 to $200,000 per year. This can vary depending on factors such as location, industry, and company size. Additionally, bonuses and other incentives may also contribute to the overall compensation package for this role.

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.