Branch Oversight Function Reviewers - Mumbai, India - Citi

Citi

Verified Company

Mumbai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Business/ Department Objectives:

Core responsibility of BOF Reviewer is to ensure establishment and compliance with the required control and operating procedures in the branches and to monitor behavior and activities utilizing data produced and obtained from branch risk rankings, outliers and branch visits.
The Role is designed to ensure that the branches are thoroughly reviewed and assessed for control gaps.
The role will involve handling MCA for Retail Bank with drafting of suitable Process, Risk and Control architecture, coupled with optimum monitoring methodology.
The role also includes review function as onsite reviewer, centralized reviewer and Subject matter expert for oversight on the concurrent review process.
The role also provides an opportunity to design and implement new processes and driving initiatives to drive productivity and efficiency
The role is also required to train the branches on processes and procedures as laid down and validate adherence to the standards and practices established by the business in daily operations to meet the wider objective of branch governance.

Core Responsibilities:

Conduct reviews (both onsite and remote) for branch processes including continuous MCA monitoring, CCR reviews, outlier tracking, Regulatory Inventory Mapping, Global Reporting Inventory Tracking Tool (GRITT) Reporting, Digital Monitoring etc.
Establishment and compliance with the required control and operating procedures in the branches
Monitor behavior and activities utilizing data produced and obtained from branch risk rankings, outliers and branch visits
Engagement with the regional team and Branch banking seniors and other units on risk indicators and timely release of score card
Submission of assigned regulatory reports
Conducting trainings and driving implementation of branch processes and policies for India Branches

Day-to-Day Responsibilities:

Validate Control adherence for the Branches. Review efficacy of Branch processes and implement changes as required
Finalizing the Branch MCA testing grid and update the Activity/ Risk/ Control with recent Regulatory and Regional requirements.
Tracking of MCA testing open items for Branch Network to ensure timely completion of corrective actions for failed test results.
Identification and effective handling of open risk items. Ensure timely raising and closure of CAPS for issues emanating from Branch Network MCA testing
Improvement in self

- productivity by procedural/control simplification. The same to be achieved by way of elimination, automation or substitution with more effective control/procedure

Train Branch teams on processes and controls

Qualifications:

37 years of relevant control and/or project experience
High attention to detail and quality
Consistently demonstrates clear and concise written and verbal communication skills
Proficient in Microsoft Office with an emphasis on MS Excel
Demonstrated analytical and problemsolving skills.
Effective planning and organizational skills
Proven ability to make sound business decisions
Experience in creating and implementing processes that result in improved business performance
Ability to present a compelling case for ideas and initiatives through listening and articulating a convincing point of view

Education:

Bachelor's/University degree or equivalent experience
Preferred: CA / MBA
Job Family Group:

Compliance and Control

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Job Family:

Business Control

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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.

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