Fraud Risk Officer, VP (Risk & Control) - Hybrid

Company: Citi
Location: Irving
Posted on: September 17, 2023

Job Description:

The Fraud Risk Officer is part of the Global Fraud Prevention risk and control team reporting into the Personal Bank and Wealth Management (PBWM) organization.

The Fraud Risk Officer is accountable for all control related matters with respect to one or more Fraud Prevention businesses. This role encompasses all aspects of identifying risk, designing, and executing appropriate controls, and will serve in a support capacity working closely with the in-business control team and business process owners. The Fraud Risk Officer is responsible for effective execution of all requirements associated with the Manager's Control Assessment (MCA). In addition, this role is responsible for developing and maintaining effective relationships across the first, second and third lines of defense.

Responsibilities include, but may not be limited to:

• Partner with Fraud vertical teams to effectively define and document business process and initiatives to assist in risk assessment and control identification
• Assess the spectrum of risks and how those risks arise
• Leverage available tools and processes to support process owners in the design and development of effective controls and monitoring methods, with a focus on automation and efficiency
• Identify key risk indicators and work with the business on development. Effectively challenge to ensure correct measures are in place
• Ensure there is a strong escalation culture within aligned Fraud areas. Partner with peers across North America and globally to drive consistent execution and learn from incidents that did not occur within direct Fraud area
• Execute MCA requirements as defined in policy and optimize efforts to drive efficiency and consistency across North America
• Compile evidence and materials for Quarterly and Annual Risk Assessment Reviews
• Build strong relationships across all three lines of defense
• Work with Operations teams to ensure adequate preparation for audits and reviews
• Communicate to all stakeholders (including Senior Management) on a timely basis in a clear manner
• Identify reputational risk and its Fraud / financial cause / effects. Manage situations that create risk and legal liabilities for Citi Qualifications:
  • Five (5) plus years' experience in Fraud or Consumer Operations, Controls and Risk Management
  • Strong knowledge of the PBWM business and applicable rules, regulations, and processes
  • BA degree in related field, advanced degree a plus, or equivalent experience
  • Demonstrated track record in bringing value to the business by being an effective partner and challenger in the right circumstances
  • Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, geographies, and lines of defense
  • Experience in working with Citi Risk and control tools Change Management, MCA, KRI's, etc.
  • Experience and ease in interfacing with Senior Management
  • Individual should be analytical, flexible, team-oriented, have good interpersonal, communication, and follow-up skills with strong attention to detail and ability to multi-task
  • Technical proficiencies in MS Word, Excel, and PowerPointThis job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
    
    -
    
    Job Family Group:
    
    Risk Management -
    
    Job Family:
    
    Fraud Risk
    
    Time Type:
    
    Full time
    
    Primary Location:
    
    Jacksonville Florida United States
    
    Primary Location Salary Range:
    
    $100,430.00 - $150,650.00
    
    Citi is an equal opportunity and affirmative action employer.
    
    Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
    
    Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .
    
    View the " EEO is the Law " poster. View the EEO is the Law Supplement .
    
    View the EEO Policy Statement .
    
    View the Pay Transparency Posting
    
    

Keywords: Citi, Irving , Fraud Risk Officer, VP (Risk & Control) - Hybrid, Executive , Irving, Texas