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Citigroup NPC Coordinator in Frankfurt am Main, Germany

Name:

Job Title: NPC Coordinator

Business: Risk Management

Division: ICG

Officer Title: Vice President

C-Grade: C13

Reporting to: Ulrich Bender – direct

Tbd - matrix

Location: Frankfurt

Legal Entity : CGME

JOB DESCRIPTION

Job Purpose:

  • To act as NPC Coordinator for CGME supporting the NPC Chair. To ensure adherence to local regulatory requirements derived from section AT 8 of the MaRisk and Citi’s global policies and standards

Job Background/Context:

  • The position is integral part of CGME’s Risk Management governance providing robust diligence, review and approval of new products and services as part of the end-to-end product lifecycle

  • To prevent the local franchise from harm resulting from in-appropriate introduction of new products and processes

  • Closely interact with the regional EMEA NPAC team and other teams in the region

Key Responsibilities:

  • Effectively manage CGME NPC processes and associated responsibilities in adherence to the Permitted Product List (PPL) and CGME’s product catalogue in adherence to the Citi Product Approval Policy, the NPAC Standards and Germany regulatory requirements derived from section AT 8 of the MaRisk in particular

  • Be the subject matter expert (SME) on new or materially changing institutional products and services

  • Pre-screen and risk assess initiatives presented by the Businesses and recommend to the NPC Chair whether NPC review should be required; maintain records of the decision rationale

  • Liaise with businesses to ensure that proposals accurately analyse all relevant risks and mitigants, and that the relevant control functions have understood and opined on the proposal

  • Determine the scope of the NPC review required and make appropriate recommendations to the NPC Chair

  • Evaluate initiatives for legal and regulatory sensitivities through consultation with legal and bank regulatory representatives

  • Work with Businesses and the NPC Chair to determine the control functions that should be involved in each review, and which of them should be required approvers

  • Work with the Businesses and control functions in preparing new product or services proposals for NPC review, including evaluating risks, identifying and eliminating potential issues and providing creditable challenge

  • Advise Businesses regarding documentation and other requirements need to present proposals to NPC for approval

  • Review materials prepared for submission to NPC, ensuring completeness as per the NPAC Standard. Ensure that all relevant risks are identified, and their mitigants are noted, prior to NPC meetings

  • Ensure that formal documentation is maintained, including conclusion, conditions, follow-ups, reports and metrics of NPC proceedings and decisions

  • Attend to NPC administration including scheduling NPC reviews, monitoring NPC follow-ups and conditions for completion, and maintain NPC membership and delegate lists.

  • Ensure relevant controls are performed as required, and provide evidence to support GRC monitoring processes, internal audit reviews and external regulatory reviews of NPC or related processes

  • Participate and / or lead in broader Citi product approval committee related meetings, reviews and initiatives. Work with other PAC personnel to develop and implements PAC processes and procedures, as necessary

  • Ensure contribution and close interaction with related processes and functions such as the compilation of the Strategic Process, the Risk Appetite Framework, or the Risk Assessment Process

  • Ensure close interaction with CGME’s outsourcing governance as material outsourcings trigger local NPC approval processes

  • Prepare senior management MIS across all committees and legal vehicles effected

  • Act as main contact for any Internal Audits or External Audit (e.g. Yearend Audit, Regulatory Audits)

Development Value:

  • The position provides the opportunity to have a “seat at the table” when new products, new services, complex transactions and business lines from inception to launch in the firm with engagement in new, innovative and complex activities initiated across the ICG in Germany. The role will provide the opportunity to develop critical skills to evaluate proposals holistically, taking into account credit risk, market risk, operational risk, franchise risk, legal considerations, compliance matters, regulatory affairs, tax sensitivity, accounting considerations and more. The role provides unparalleled firm-wide exposure and opportunities to interact with senior colleagues in the front office and functions including Risk Management, Legal, Compliance, Finance, Operations and Technology.

PERSON SPECIFICATION

Qualifications:

  • University Degree in Business Administration / Economics or Statistics

  • Fluent in English and German

  • 5 – 10 years experiences in Risk Management or a related function

Competencies

  • Goal-oriented and with a desire for new challenges

  • Excellent communication and presentation skills

  • Well organized

  • Flexible and highly motivated

  • Excellent analytical skills

  • Ability to take responsibility and work independently

  • Ability to set priorities and execute

  • Perform under pressure and work against deadlines

Experience/Knowledge:

  • 5 – 10 years experiences in Risk Management or a related function

  • MS Excel / Word / Powerpoint / Access

Skills:

  • Excellent organizational skills, ability to multi-task and identify key issues. Able to manage multiple proposals concurrently that are often different in subject and urgency

  • Excellent communication skills and strong interpersonal skills while working across multiple geographies, businesses and functions

  • Good team player while working independently to bring tasks to completion

  • Strong data management and presentation preparation skills

  • Product knowledge over a broad set of asset classes and transactions (e.g. Equities, Commodities, FX, Rates, Structured Products, Private Equity, etc.)

  • Basic understanding of different risk types such as market risk, counterparty credit risk, operational risk, liquidity risk, regulatory risk


Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - DE


Time Type :


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