RC Intermediate Analyst C11

Business/ Department

Objectives:

Finance and Risk Shared Services (FRSS) is a part of Citi Shared Services (CSS), and is responsible for delivering Financial, Regulatory and Risk Reporting solutions to all of Citi businesses and regions through four global Citi Service Centers (CSCs), located strategically in Tampa (USA), Manila (Philippines), Mumbai (India) and San Jose (Costa Rica). FRSS is a key business partner to Citi Finance as well as the Risk organization,

Core Responsibilities:

Act as a Consultant to FRSS organization to build robust controls and compliance landscape and enable receptive culture towards dynamic risk environment with center growth

The key responsibilities are :

Ensure timely Risk Assessment/ Process deep dives of new & existing processes and reduce Risk Exposure
Closely work with Operational leads, Managers, BISO, Legal, Compliance and send site business partners as R&C representative
Enhance knowledge of products, Control & Operational Risk, provide with insightful updates & health scorecard on Controls framework to management
Responsible for varied internal and external communication with Auditors, Operational Risk and Internal Controls Unit.
Day-to-Day Responsibilities:

The role entails following duties:

Compliance, Risk & Controls and Analysis:

Review current Manager Control Assessment (MCA) to identify weaknesses in process or controls and highlight where process can be improved
Back testing and review of controls to ensure effectiveness and robustness of control’s procedures
Enable teams to develop full procedure and process flow
Proactively capture risks & track to closure
Active partner in remediation of issues and liaison within varied functions across organization
To perform an analysis of the consistency of the data provided by processes for Record Management Standard
Uploading the Record Management Inventories provided in the Record Management system and resolve the issue encountered
Perform the due diligence for process migration as part of Compliance requirements
Involved in preparing unit for internal audit & external exams.
Facilitate issue resolution interaction with the Auditors.
Ensure all relevant Polices (Operational and regulatory) are understood and adhered to by the Group.
Train & coach teams on Controls and regulatory compliance aspects to business
Manage COB testing and support the business in creating COB plan/ strategy
Documentation review for Cross Boarder Data Clearance (CBDC) as part of Citi Compliance requirements
Collaborate, Scrutinize, advice & enable process managers to frame corrective action plans
Act as a point of escalation in the absence of the Risk & Control Lead.
Partner with send side teams to capture & track risk to minimize losses / near miss events.
Ensure appropriate validation of CAPs / Issues takes place before closure.
Provide appropriate communication to enable the department of upcoming new policies and provide an impact assessment.
Ability to professionally handle confidential matters and demonstrate appropriate level of judgment and maturity
Role: Individual Contributor

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Job Family Group:

Finance
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Job Family:

Financial Reporting
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Time Type:

Full time
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