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Citi · 5 months ago

Fraud Risk, Senior Group Manager

Wilmington Delaware United States

Full-time

Onsite

Senior Level, Lead/Staff

$250K/yr - $500K/yr

15+ years exp

Citi is a leading global bank and they are seeking a Head of External and Internal Fraud Risk to manage and oversee fraud risk management activities. This role will involve providing independent oversight, conducting risk assessments, and ensuring compliance with regulations while leading a team in mitigating operational and fraud risks.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Provide independent oversight and assurance over the bank’s Operational and Fraud Risk management frameworks, ensuring compliance with regulatory requirements and internal policies

Lead risk assessments and reviews of business units to identify, assess, and monitor fraud and operational risks, specifically focused on Cards, Retail Lending & Payments, Investments, Institutional Payments and Internal Fraud Risk

In partnership with the 1LOD Enterprise Risk and Control function owner, provide the Business with operational risk guidance and advice through proactive engagement in strategic business initiatives / transactions and large remediation efforts

Review and challenge the effectiveness of risk mitigation strategies and control measures implemented by the First Line of Defence (1LOD)

Lead strategic planning sessions devising comprehensive plans that align with the organization’s goals & objectives

Represent the fraud & operational risk function with Regional & Business Executives to ensure appropriate levels of investment are made in controls, in relation to business product direction and emerging threats

Where necessary, conduct independent second line risk assessments (e.g., reviewing significant control breaks that impact multiple risk categories, lessons learned and near misses) and root cause assessments (e.g., reviewing themes of issues across multiple businesses/ clusters)

In partnership with Business/ Cluster risk officers, approve significant exceptions to the Global Operational Risk Policy for the risk category and the Enterprise Fraud Risk Management Policy, and conduct periodic review of exceptions/ waivers. Escalate significant or unaddressed risk issues and control environment concerns to BRCC and other governance forums as well as to Risk leadership

Qualification

Fraud Risk ManagementOperational Risk ManagementRegulatory ComplianceAnalytical SkillsStrategic PlanningLeadership SkillsContinuous ImprovementCredible ChallengeCommunication SkillsProblem SolvingInterpersonal Skills

Required

Broad experience in risk management including a successful track record of managing complex risk management programs at a financial services, fintech or a payments organization

Business understanding of the consumer lending, wealth management and Payment products that Citi offers and how risk management practices contribute to other work across Citi / understand downstream impacts of decisions made

Strong leadership skills with a proven track record of working with a diverse range of skill sets and perspectives, recognizing that the power of Citi is the sum of its parts

Outstanding communication and influencing skills through all levels of the organization, with the ability to articulate & present complex risk concepts

Ability to constructively challenge others at all levels and across boundaries to deliver better results

Continuous improvement mind-set to solve for root causes, assess impact of actions and adjust as needed; simplify and standardize at every opportunity

Strong regulatory engagement/ communication skills

A seasoned risk professional with 15+ years Fraud or Operational Risk Management expertise in Banking, Payments, or Fintech arena

Established Fraud subject matter expertise with deep understanding of External Fraud & Internal Fraud, and the ability to work with other financial crime disciplines

Proven record of delivering tangible outcomes in Fraud & Operational Risk management, demonstrating ability to apply expertise effectively & drive meaningful results

Excellent problem solving and interpersonal skills with flexibility to navigate dynamic business environments

Ability to think strategically & develop long-term risk management plans and solutions

Preferred

Master's Degree/specialized training in operational risk management and / or payments, engineering related fields highly preferred

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Company

Citi

Glassdoor3.8

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Founded in 1812

San Antonio, Texas, USA

10001+ employees

https://www.citi.com

H1B Sponsorship

Citi has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2023 (1375)

2022 (1117)

2021 (876)

2020 (901)