Job Description

Head of ICG Fraud Oversight

The Head of ICG Fraud Oversight is a leadership position within the Global Independent Fraud Risk team within Citi Operational Risk Management. This role will manage multiple teams of senior professionals responsible for oversight of Fraud Risk in the Institutional Clients Group (ICG) businesses (Commercial Bank, Markets, Securities Services, Treasury & Trade Solutions, Institutional Credit Management and Banking, Capital Markets & Advisory), along with EMEA and APAC Fraud Risk Oversight. These fraud risk oversight teams are responsible for credible challenge of fraud control design and execution across the various businesses, functions and legal entities. Seeking an experienced professional with technical knowledge of fraud threats, risks and controls and experience in the ICG businesses (including money movement fraud and rogue/unauthorized trading). Responsibilities include engagement with senior management and regulators, requiring excellent communication (written and verbal) and organizational skills, and ability to guide and influence stakeholders.

Key Responsibilities:

• Leads oversight for ICG for Global fraud risk strategy, policy and projects.
• Coordinates with key stakeholders globally and regionally within Businesses, Functions and the wider ORM team.
• Team is responsible for conducting fraud risk thematic and product oversight reviews.
• Assess effectiveness of fraud prevention mechanisms and fraud detection/investigation processes in the regions and for the ICG businesses.
• Represents Global Independent Fraud Risk on key meetings with senior management and regulators.
• Oversee fraud losses against the defined Risk Appetite parameters.
• Track fraud losses versus plan and counsel/review of individual countries/portfolios
• Works closely with other risk teams including WCR, Information Security, AML & Compliance and CSIS.to ensure holistic risk monitoring and ongoing oversight.
• Ensures that the global fraud risk community stays connected through timely communication of new emerging threats and new prevention / detection / recovery techniques.
• Ensures appropriate Fraud Governance across all ICG businesses.
• Ensures global consistency of approach to controls and acceptable residual risk levels
• Oversees new product fraud risk assessment for relevant businesses and regions
• Works collaboratively with other members of the Global Independent Fraud Risk leadership team to ensure maximum cohesion across Policy, Strategy and Oversight.

• Qualifications and Experience:

• Relevant experience in global fraud, operational risk or operations experience in ICG type products, processes and systems.
• Deep understanding of external fraud, internal fraud and first party fraud
• Detailed understanding of key fraud prevention technologies required to manage across customer lifecycle: Identity Verification, Application Fraud, Authentication, Session Profiling, Transactional Profiling, Link Analysis and Fraud Case management.
• Gravitas to manage and influence senior business stakeholders and third-party vendors.
• Resilience in the face of pressure and a broader understanding of intelligent risk decisions.
• Wider knowledge of business processes and related risks and controls. Analytical rigor. Problem solving skills.
• Ability to drive results through others.
• Ability to develop long range plans & understanding of project /program management techniques.
• Skilled communicator who influences and shapes the image of a complex Sector /Business Unit.
• Good people management skills, with ability to motivate and manage a team spread across multiple locations
• Strong regulatory engagement / communications skills.
• Well established industry network across peer banks.

Education:

• Bachelor\xe2\x80\x99s/University degree, Master\xe2\x80\x99s degree preferred; managerial experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Replacement for Vinaya Parvate - VP79299 due to mobility to ORM EMEA Oversight



Job Family Group: Risk Management



Job Family: Fraud Risk



Time Type: Full time



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\xe2\x80\x9d) 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 .

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