The Central Control Capabilities function is responsible for driving Monitoring & Testing (M&T) of key controls across the enterprise. It comprises of four groups: (1) Control Assessment, (2) Call Listening, (3) Central Testing, and (4) Strategy, Governance & Automation (SG&A).
This role is part of the Central Testing team. The Control Assessment and Central Testing functions partner with the Control Owners and the In-business Control Teams to conduct all the M&T activities for the key controls in scope.
The Central Testing function is primarily based out of Citi Service Centers in India. It is structured along three verticals: (1) M&T Execution, (2) M&T Automation, and (3) Strategy & Governance. The identified candidate for this role will be part of the M&T Execution team.
Responsibilities:
Have a good understanding of the Risk & control framework and the underlying concepts on Risk ManagementAssist in performing the Quality check on the monitoring reviews that are defined per ARCM (Activity, Risk, Control & Monitoring)Document the quality fails, any learnings or issues that may arise and pass the feedback to the SupervisorMonitor the compliance of control as appropriate to the regulatory requirement. This could be mostly in the Medium to High complex reviews with an Inherent Risk rating of 1 or 2 (predominantly)Provide inputs during the Control & Monitoring Design Assessment (CMDA) to draft and define the proceduresInvolved in the assessment of the timeliness, accuracy and completeness of the MCA (Manager Control Assessment) through controlsCoordinate the adherence to the MCA Standard through controls after the execution of a processCollaborating with onshore and offshore teams understanding the process changes if any and participate in trainings, meetings & etc.. Escalate any control failuresComplete the quality check within a timely manner to complement the results submission timeline in the Risk & Control systemAssisting in the creation and maintenance of reports for control tracking and analysisIdentify risks across the business and organize cross-functional solutionsChallenge the status quo of existing controls & identify opportunities for enhancementAdditional duties as assignedQualifications:
6-8 years of relevant work experience in Risk & Control domain viz. internal control/ quality check/ monitoring is requiredPast experience in control/ monitoring design would be an added preference but not essentialDemonstrated analytical skills with follow-up and problem-solving capabilityExcellent written and verbal communication skillsAbility to perform under pressureAbility to manage multiple tasks and priorities Ability to function independentlyProficient in MS Office Word, Excel and PowerPoint applicationsEducation:
Bachelor’s/University degree------------------------------------------------------
Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Business Risk & Control------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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