Innovations and Controls Oversight Mumbai, India 03/13/2019 at Citi

Posted 1 week ago

Innovations and Controls Oversight

  • Primary Location: India,Maharashtra,Mumbai
  • Education: Master's Degree
  • Job Function: Risk Management
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 19008900


  • The role will report to the SVP , Innovation and Controls Oversight and will support delivery of path to a strong, innovative and efficient credit risk strategy execution (1st and 2nd line). The responsibilities include identifying opportunities to enhance risk controls, rationalize and strengthen monitoring to facilitate the oversight processes. The role will also support establishment of both short term and strategic solutions by developing ‘use cases’ for adoption of cutting edge solutions including AI, Machine learning, Big data etc. to augment the overall risk oversight process

Key Responsibilities:

  • Responsible for review new policy, regulatory requirements and assess continued development of controls around Risk Credit Cycle including development of risk and control matrices, flow charts, and key risk indicators
  • Identify opportunities for digitization of risk monitoring processes including Balance Scorecards & Portfolio Categorization
  • Work with Business Risk and Independent Risk teams to support annual SCO assessment process
  • Work with Business Risk and Independent Risk to support GCB credit approval process re-engineering, including administration & analysis of post approval quality review process for significant credit changes and tests
  • Work with internal and external stakeholders to develop ‘POC’s’ for process reengineering and enhancing current process and tools
  • Drive timely implementation of credit risk control reengineering, quality assurance and oversight monitoring changes (1st and 2nd line of Defense)
  • Provide analytics and insights for state of controls in GCB, across processes impacting credit risk
  • Ensure Quality Assurance and Control Oversights gold sources are updated and strong change management process is in place.
  • Ensure timely execution of the oversight control monitoring package for the GCRM function
  • Conduct assigned responsibilities within their section of the overall risk family
  • Additionally, this individual will be responsible for creating multiple presentations for department heads and Senior Management outlining current control environment and plans for improvement


  • Experience in managing complex projects with diverse stakeholder groups
  • Ideal candidates should have several years of control assessment, auditing, and development of controls within the financial services industry. The individual should also have working knowledge of Banking Regulations and OCC guidance
  • Bachelor's degree required; MBA or related Masters Degree is highly preferred
  • Strong energetic lead with advanced presentation and communication skills
  • 6+ years of experience in consumer credit risk management and/or process re-engineering and automation. Prior consulting experience a plus
  • Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views
  • Excellent judgment and independent decision-making ability

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