Managing Reputation Risk: An Integral Role in Banking & International Services and Markets
The banking sector, acknowledged as the backbone of the economy, is not exempt from facing various risks. In an era of digital transformation and economic volatility, financial institutions need to manage a broad spectrum of risks, including enterprise-level, cross-cutting, climate, and reputational risks. The role of individuals in risk management in the banking sector is pivotal in maintaining financial stability and safeguarding the bank’s reputation.
Role of the Head of Banking & International Reputation Risk
One of the key roles in risk management is the Head of Reputation Risk for Banking & International, Services and Markets. This position is integral to the overarching objectives of the bank. It ensures that the bank’s reputation risk is within the defined risk appetite and helps maintain financial stability.
This role requires combining expertise in reputation risk management with a thorough understanding of Banking, Services, and Markets. The individual in this position works closely with deal and relationship teams to review initiatives and co-chair the Banking and International Forum.
Key Responsibilities
As the Head of Reputation Risk, the individual is entrusted with several responsibilities including:
- Managing the Reputation Risk program for Banking and International, Markets and Services.
- Maintaining robust communication with senior bank and risk management personnel, compliance, legal, and auditors.
- Appropriately assessing risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients, and assets.
- Applying sound ethical judgment and escalating, managing, and reporting issues with transparency.
- Interest in current affairs, geopolitics, and emerging risks.
Qualifications and Necessary Skills
The position requires a commercially aware individual with experience in risk management. The qualifications for this role include but are not limited to:
- 15+ years of experience.
- Demonstrated background in risk management and oversight.
- Experience providing review and challenge to materials for senior management.
- Ability to work cohesively with cross-functional teams and foster a productive and positive working environment.
- Ability to constructively challenge conclusions and influence stakeholders at all levels.
- Ability to foresee potential risks and make informed decisions to mitigate them.
Education and Experience
The candidate for this role should hold a Bachelor’s degree and have an extensive experience of more than 15 years in the field of risk management.
Location and Salary
The position is based in Tampa, Florida, United States, with a full-time salary range of $170,000.00 – $300,000.00.
Benefits and Perks
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com.
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