Top Inventory Control Executive jobs in Union, NJ

The ICG Loan Operations Risk & Controls Director (C15) will report to the Global Head of ICG Loans Operations Risk & Controls and will be responsible for driving the Risk and Control framework and Governance across the Loan Operations organization. This role will manage a team of control officers and will work in close partnership with each of the Operations functional areas to assess the risk profile of processes and develop a robust risk framework that pro-actively identifies and mitigates emerging risks. The role is also expected to bring thought leadership to the business and be an integral part of the ICG Global Loan Operations Risk & Control management team.

The individual must have an in-depth understanding of how the Loan Operations and other sub-functions contribute to achieving the objectives of the business. The individual must have a good understanding of the industry, direct competitors' products and services, and it is also necessary in order to contribute to the commercial objectives of the business. The role requires thorough understanding of the strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas.

Excellent communication skills are required in order to articulate internally issues, action plans, etc., often at a senior level. Some external communication/negotiation may be necessary. The individual will have full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations. The individual may also be involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an integral member of the risk and control leadership team within a country/site location, job family, or line of business.

Responsibilities:

• Establishes and oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
• Loan Operations experience
• independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
• Governance and oversight may include (not limited to) technology operational risk, cyber risk for example.
• Works with colleagues in other areas of Risk Management, Finance, Compliance/Control and the Businesses to assure appropriate management of Operational Risk processes:
• Facilitates accurate and appropriate reporting of operational risks to senior management and the Board of Directors.
• Promotes the use of risk indicators.
• Supports corporate initiatives, including those related to Operational Risk and the alignment of capital assessments with risk management objectives.
• Drives the strategic direction of Operational Risk Management for the Consumer group, working with colleagues around the globe to:
• Identifies emerging operational risks in the context of the current economic, regulatory and business environment and assure that measures are being taken to mitigate these risks.
• Analyzes operational risk data (typically losses, metrics or assessment results) to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s).
• Investigates causes for metrics that are deviating from trends and escalate situations that pose excessive risk(s).
• Identifies root causes of major internal losses and ensure actions are taken to reduce the risk of loss from similar causes.
• Upholds the Operational Risk Policy:
• Provides Operational Risk oversight to assure policy and regulatory compliance.
• Facilitates adherence to specific regulatory requirements for the Consumer franchise, including the International Convergence of Capital Measurement and Capital Standards ('Basel II').
• Interfaces with Regulators on Operational Risk matters.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 15 years relevant experience
• Loan Operations experience is required
• Experienced in Operational Risk. Knowledge of other risk disciplines (market risk, credit risk) a plus.
• Demonstrated analytical ability; asks insightful questions, break analytical challenges into workable components and draws meaningful conclusions. Well versed in breaking down complex matters into core issues and root causes that can be more readily addressed.
• Proficient in developing new ideas to mitigate risk and improve current processes.
• Prioritizes high impact potential problems effectively. Consistently reads different situations accurately and takes appropriate action to gain senior colleague/ client commitment. Articulates clearly how risk technology supports unit's business, as well as the issues due to gaps between the current technology and known business requirements. Ability to measure and assess the impact of stress shocks including fat-tailed risks. Well-versed in reviewing the dimensions of franchise risk.
• Advanced Leadership skills Operates as a leader, with an understanding and appreciation for diverse backgrounds.

Education:

• Bachelor's/University degree, Master's degree preferred and managerial experience

Jersey City Salary: $225,000-$300,000 USD

Extensive Loan Operations experience is required

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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.

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