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Shape your Career with Citi
Citi’s Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.
We’re currently looking for a high caliber professional to join our team as Vice President, Project Management Lead - Hybrid (Internal Job Title: Project Management Lead – C13) based in Mumbai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
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We empower our employees to manage their financial well-being and help them plan for the future.
Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
In this role, you’re expected to:
The Risk Project Manager will support the Risk PMO Banking (WCR) Leader who manages/partners with a team executing against highly transformational, complex risk programs. The team will be responsible for achieving the goals and objectives of Enterprise Risk Management initiatives and their complex set of programs.
Examples: CCAR, RWA, WCR Consent Order Risk and Control, Risk Ratings, Basel III observations, Stress Testing and Capital, Credit Analysis and Tech Enhancements for Banking portfolio
This is not a typical PMO role and requires deep SME knowledge especially Financial Risk, Credit Risk, Regulatory Capital, Data and Controls – Design and Architecture and Knowledge of Agile Methodology and Principles.
Job Background/context:
The Risk Project Manager will support Risk Portfolio Project Leader and Senior Risk Project Manager who lead a team executing against highly transformational, complex programs of work. The team will be responsible for achieving the goals and objectives of a specific initiative, consisting of a complex set of programs. This position will be responsible for driving the execution of the strategy to ensure the goals and objectives of the Initiatives are completed successfully. We are hiring several Program Managers and candidates will be aligned to each Initiative based on their area of expertise as identified through the interview process.
Project Managers in the recently established Risk Program Management organization are expected to have a track-record in managing complex, multi-faceted initiatives with multiple stakeholders within a bank’s risk management organizations as well as strong partnership, collaboration and creative problem-solving skills to achieve value-adding outcomes. Strong understanding of effective risk management practices as well as thought leadership on meeting regulatory requirements will also be expected of the Project Manager.
Key Responsibilities:
Project manage the Book of Work across Banking (Wholesale Credit Risk) and, in partnership with other Program Management leads, businesses and other functions, with best-in-class execution discipline. The VP will partner closely with the Wholesale Credit Risk Work Stream Leader and Portfolio Project Leader to:
Support execution plans to meet deliverables critical to the Transformation Initiative
Manage and monitor the performance of assigned programs of work to ensure program scope definition is in alignment to business goals
Ensure consistent implementation of common PMO standards, reporting, and closure process across programs
Provide on-the-ground support to help execute the planning, directing and coordination of day-to-day activities of running the Initiative or portfolio of programs
Monitor and track execution of transformation programs within the Initiative and escalate program risks impacting project delivery to appropriate stakeholders; ensure mitigation strategies are developed and executed when necessary
Support adherence to program processes, procedures, methods, and standards for program delivery and leverage across the programs
Support the identification and drive resolution of issues, including those outside established projects of work
Collaborate with other Program Managers to action deliverables from reviews of each program’s defined scope, target state, and success criteria to ensure it fully addresses the letter and the spirit of the regulatory feedback, broader supervisory expectations and underlying issues and root causes, and is embedded in a broader strategic vision
Support identification and escalation constraints (e.g., lack of clarity on outcomes, ineffective program management, resource constraints, lack of stakeholder support etc.) in collaboration with Program Leads
Support all aspects of the project reporting including: RAG ratings, key performance indicators, status updates, adherence to dates and deliverables and quality of deliverables
Provide input to continuously enhance Risk Management’s program management practices in collaboration with the CAO Transformation Group
Continuously strengthen the capabilities across the talent in the organization while learning from internal / external best practices
Confirm effectiveness of existing governance / execution processes for all portfolio projects, identify and fix issues, escalate in a proactive manner
Support a review and challenge of plans for each program, including definition and timing of work streams, deliverables and other milestones against commitments, dependencies, and staffing
Continuously ensure that programs have clearly identified the required roles and responsibilities and have appropriately identified, and are engaging, all relevant Citi stakeholders with appropriate accountability
Perform end-to-end review and challenge of program deliverables to confirm quality and adequacy of deliverables against program target state
Support identification of interdependent elements and provide recommendations, where needed, for combining or connecting initiatives to achieve greater effectiveness and efficiency
Support facilitation, coordination, and arbitration of cross-functional macro level topics with key stakeholders (often including Senior Management)
Ensure full compliance with Citi’s PMO Policies and Standards for process, tools and quality assurance
Development Value:.
Experience of working in a Leading global financial services organization
Experience in working in Industry leading Enterprise-Wide Regulatory programs that enhance development of technical and analytical skills in addition to increased business knowledge
Excellent professional development opportunities for internal and external professionals with an opportunity to interact and learn from workstream leads and program sponsors (very senior leadership)
As a successful candidate, you’d ideally have the following skills and exposure:
Knowledge/Experience:
13+ years of relevant experience, within the Financial Services industry or Big Four consulting required, during which s/he applied formal project management methodologies to the successful planning, monitoring, and reporting of complex projects spanning geographies and organizations
SME knowledge in Risk Management disciplines in a global bank environment (e.g., enterprise risk, credit risk, market risk, operational risk, risk identification, risk appetite, etc.)
Understanding of banking regulations and risk management supervisory expectations for global financial institutions and a strong business understanding of the products and services Citi offers
Understanding of the data (design, principles) and technology models and architecture
Understanding of Agile methodology
Qualifications:
Masters or MBA in Finance, Economics, or other analytical discipline
OR
Chartered Accountant (CA) with strong relevant experience
Certifications like Financial Risk Manager (FRM) / Professional Risk Manager (PRM), Chartered Financial Analyst (CFA) and/or Project Management Professional (PMP) preferred
Additional certification in Agile, Prince 2, Data Sciences will be an added advantage
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact. Take the next step in your career, apply for this role at Citi today https://jobs.citi.com/dei
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