MCA Risk Controls Lead

MCA Risk Controls Lead

Citigroup | Getzville, NY, 14068, US
Salary Range:$105,000 – $136,000 Salary range estimated by Zippia

Posted a month ago

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As part of the Risk Chief Administration Office and Transformation organization, the Risk Controls and Issue Management team leads the oversight of Risk's Controls and Issue Management Framework to ensure that best practices are employed across independent Risk. The Risk Controls and Issue Management group is a centralized team specializing in the implementation of Cohesive Risk's Control Framework (Manager's Control Assessment) inclusive of regulatory requirement mapping to MCA, a robust Risk-IA Assessment Interaction Model and strong and timely issue management, reporting and analysis to ensure execution of a consistent and robust control environment within Risk.

The Risk MCA Control Lead is responsible for oversight of the MCA Risk Control Framework for specific covered Risk Segments.

**Key Responsibilities:**

+ Oversee the development of covered Risk Segments key Activities, Risk, Controls and Monitoring Mechanisms, challenge as appropriate

+ Coordinate covered Risk Segments and actively participate in the MCA Annual Risk Assessment (ARA) Facilitated Session and the Quarterly Risk Assessments

+ Promote consistency in MCA Structure and MCA execution

+ Partner with the Risk Global Controls Staff to execute the Risk Controls frameworks across risk segments and share lessons learned throughout Risk

+ Present Risk Controls environment to the Risk Segments, Chief Risk Officer (CRO) and Citi CRO, inclusive but not limited to the Risk Quarterly Controls Update, Bi-annual Risk Management Executive Committee Reviews as necessary, etc.

+ Provide guidance on Assessment Unit and Entity structure and coordinate consolidation of Standard Activity, Risk Control and Monitoring (ARCM) Profiles and challenge ARCM content

+ Develop a granular understanding of the drivers behind Risk control issues and provide standardization of the relevant processes used to manage the control environment

+ Coordinate timely MCA processes inclusive of the Annual Risk Assessment (ARA) and partner across Control Leads to determine best execution strategies to execute MCA controls and monitoring

+ Review internal and external assessment themes and issues to identify gaps and key concerns across risk segments and the broader Risk Organization

+ Partner with Internal Audit and Compliance Risk during Internal Audit Exams and Compliance Assurance reviews.

+ Build a strong understanding of core controls systems, including, but not limited to MCA, Integrated Corrective Action Plan System (iCAPS), Regulatory Event Tracking (RET)

+ Participate in relevant Control committees including the Assessment, Issue and Corrective Action Plan Steering Committee/ Working Group, Global Functions Business Risk and Control Committee (BRCC)


+ Bachelor's degree, Masters Optional

+ 10+ years or relevant experience in financial services industry

+ Risk, Operational Risk, Controls, Project Management

+ Exceptionally strong interpersonal and people management skills and ability to interact with all levels of management particularly at the Director and Managing Director level

+ Familiarity with Citi's Control systems; specifically, MCA, iCAPS and RET


+ Methodical and proactive thinker with strong organizational and follow-up skills

+ Proven time and task management skills with the ability to multi-task effectively and promptly

+ Highly proficient in Excel, PowerPoint and data management/ mining

+ Strong analytical ability


+ Ability to manage projects with minimal guidance

+ Analytical and problem-solving skills

+ Builds and maintains relationships

+ Influential & persuasive

+ Effective communication with Risk Senior Management and seniors across Citi

+ Professionalism & integrity

+ Resilience


**Job Family Group:**

Risk Management


**Job Family:**

Business Risk & Controls


**Time Type:**

Full time


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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.