Emerging Innovation Risk Manager - SVP

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience in either Digital Asset or Artificial Intelligence (AI) as a

subject matter expertise to be able to provide specialist insights along with solid diverse stakeholder engagement experience to Citi’s Emerging Innovation Risk Management team within the New Activity business.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team / Role Overview:

Citi leadership’s vision to integrate Generative Artificial Intelligence (AI) into the firm in a safe and responsible way requires strong independent risk management leadership, and as the use of Digital Assets and Generative AI grows, for example, Citi needs to ensure its risk management program is appropriate to address the risk factors from both the external use of Generative AI (‘inbound’ risks) and internal Generative AI use cases.

The Emerging Innovation Risk Management function has been mandated to provide enterprise—wide risk management coverage of AI, is hiring a Risk Manager. The Risk Manager will report to the Head of Emerging Innovation Risk Management and will be based in London. The mandate of the Risk Manager will be global and cover all Citi business lines and Personal Banking & Wealth Management.

The Risk Manager will be tasked with providing independent risk management oversight of Citi’s AI and Digital Asset activities – especially Generative AI. The Risk Manager will help to coordinate a unified independent risk management view to cover all risk stripes, working closely with the departments and functions like; AI and DLT Centre’s of Excellence (Technology), Model Risk Management, Operational Risk Management and Independent Compliance Risk Management.

The Risk Manager will oversee foundational risk management documents for AI and Digital Asset activities, co-lead innovation discussions in the appropriate forums, and participate in the approval of new products and services involving AI firmwide.

What you’ll do:

• Provide independent and proactive risk management – including challenge and oversight – of AI activities at Citi across various dimensions: internal use of AI, product and service initiatives leveraging AI, strategic investments in AI companies and onboarding of AI-centric prospective clients.

• Lead and coordinate a unified independent risk management view across Independent Risk Management departments and Independent Compliance Risk Management to cover all risk stripes: Market Risk, Credit Risk, Operational Risk (Cyber, Data, etc), Treasury Risk, Compliance Risk, Strategic Risk and Reputation Risk.

• Governance: assist in AI and Digital Asset deliberations in the appropriate risk management, participate in the approval of new products and service initiatives involving AI firmwide, in light of internal GenAI use cases, identify additional, scalable guardrails and refine risk appetite based on use case implications.

• Foundational Frameworks: co-develop foundational risk management documents for AI activities.

• Legal Entity Engagement: fuse global strategy and risk tolerance with legal entity considerations in partnership with Legal Entity Chief Risk Officers.

• Stakeholder Engagement: engage with regulators, boards, executive management and other stakeholders to explain and discuss the risk, control and governance framework of the firm to accompany the firm’s AI strategy and commercial objectives and support the Emerging Innovation Risk Management with critical stakeholder engagements.

What we’ll need from you:

• Minimum Bachelor’s degree with extensive relevant experience in financial services, risk management and/or AI required

• Expertise and experience in AI, including solid years’ experience in generative AI

• Strong Technology understanding from an Operational Risk background could be ideal

• Experience of material legal entity risk

• Knowledge in financial regulation and experience interacting with financial regulators

• A proven track record of advocacy and ability to liaise across diverse stakeholder groups, essential

• Knowledge of Citi’s businesses and products, or the equivalent at organizations of similar complexity and maturity is extremely beneficial.

What we can offer you:

The role provides an important opportunity to shape the firm’s strategy – and help the firm succeed – in the AI space. It provides organizational exposure, with extensive interaction with senior managers in business lines, second line functions and legal entity management.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well. By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus 

• Private medical insurance packages to suit your personal circumstances

• Employee Assistance Program  

• Pension Plan 

• Paid Parental Leave 

• Special discounts for employees, family, and friends 

• Access to an array of learning and development resources. 

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

#LI-TM3

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Job Family Group:

Risk Management

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Job Family:

New Activity Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Credible Challenge, Governance, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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