TTS Virtual Assets/ Digital Assets In Business Risk Head - Director - NYC


About the job

Job Id: 22478998

Business Context

Citi Treasury & Trade Solutions (TTS) is a leading provider of cash management and trade to financial institutions and corporate clients around the world. With a global network spanning 100+ countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management.

Our global platform is unique in the industry for its reach, interoperability and flexibility. It provides clients with timely, accurate information and dynamic, web-based tools to effectively manage their securities portfolios, financial positions, working capital and supply chain around the world. Combined with a worldwide network of dedicated and experienced transaction services professionals, TTS is well suited to serve clients anywhere they do business.

Role Context

The Treasury and Trade Solutions (TTS) Virtual Assets/ Digital Assets Risk Manager will work with the TTS and ICG team to assess new and emerging virtual asset and digital asset technologies, identify and design risk mitigation mechanisms (tools and processes) and mitigate risk for TTS within the overall digital asset ecosystem offerings. This role will be a critical member of the Digital Asset Governance and Oversight team- creating, evolving and implementing the risk infrastructure in this rapidly evolving space. The individual will work as an SME supporting client engagement teams and product teams โ€“ assessing risk of VASP/ VA clients and DA clients covering compliance, regulatory, BSA/ AML, cyber, operational, blockchain and financial risks.

This role will work as a Risk SME with TTS Innovation teams, TTS product managers (global/ regional and country) the global In Business Risk, Regulatory and Controls team, the TTS Function teams (Operations and Technology, Implementations, Sales, Innovation) and second line partners (Risk, Finance, Compliance, ORM, FRM, Legal, Central Business Services, EO&T) to drive the growth of new client solutions in the digital assets and virtual assets ecosystems. The Virtual Assets/ Digital Asset Risk Management head will lead the identification of emerging and strategic risks and opportunities in the digital ecosystem based on industry insights, latest academic research and exchange with clients.

Key Responsibilities

Create and implement the TTS Digital Asset Risk Governance and Oversight plans Engage with appropriate partners across TTS, ICG and the Citi Franchise to ensure appropriate focus and engagement on effective risk management of digital asset offerings Work closely with the TTS Innovation team from ideation through execution of digital asset capabilities Drive TTSโ€™ response to existing and new regulatory requirements in digital capabilities / offerings and the associated programs to ensure the businessโ€™ compliance with those programs. Advise and train the TTS to deepen awareness of effective risk mitigation related to digital assets client solutions. Educate partners on risks associated with VA/ VASP/ DA clients and ecosystems to assist in product and service design. Design and deploy risk mitigation process changes and controls to enable digital asset-specific capabilities Digital Asset Ecosystem Analysis, Risk Identification and Management

Work with Global IBC Head, Product Risk Managers, Business Service Owners and Subject Matter Experts to identify, quantify, prioritize, and remediate key risks and implement highest priority opportunities to streamline or simplify

Provide specialist advice and guidance on risk mitigation approach, strategy and implementation

Assess, evaluate, and validate controls through processes and tools and work with the product and process owners to develop action plans that remediate the weaknesses or gaps.

Skills And Experience
  • BA/ BS in Risk Management, Computer Science, Information Systems Admin or related field or relevant experience preferred
  • Minimum ten years in the Financial Services or related industry, with 5+ yearsโ€™ experience in risk management, compliance, finance and/ or IT controls or auditing
  • Knowledge of Payments business
  • Up-to-date understanding of key risk and control concepts, tools and trends relating to risk
  • Experiencing in redesigning business processes
  • Experience identifying risks and controls, developing and executing controls/ monitoring protocols and testing
  • Ability to manage through influence (e.g., management in the absence of reporting lines or with matrix reporting)
  • Prior professional experience in the digital assets/ cryptocurrency/ blockchain space is beneficial
  • Independent thinker โ€“ accountable for and skilled in exercising sound judgement
  • Ability to build rapport and work closely with key senior stakeholders and partners within and outside the business
  • Proven ability to simultaneously identify, prioritize and address multiple issues and respond to shifts in priorities
  • Decisive orientation toward results
  • Enjoys working in a high energy, fast paced and exciting environment
  • Self-starter who can work independently
  • Strategy and execution skills to prioritize areas of focus while also driving implementation in a large, global, and matrixed environment
  • Ability to work on virtual projects and across virtual teams to get work done
  • Ability to multi-task and manage concurrent projects and deliverables
Development Value:
  • A broad view of large, diverse and complex TTS business globally
  • Engaging in a strategic growth area in Payments
  • Opportunity to grow in a challenging business environment
  • Engagement with all aspects of the business

Job Family Group:

Risk Management


Job Family:

Business Risk & Controls


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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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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