Operational Risk and Control Specialist

Operational Risk and Control Specialist

Vilnius - Lithuania

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 offices worldwide. With more than $1,8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

About the Team & Business Line:

The Operational Risk and Control Specialist is a member of global Operations Control Management (OCM) team. The Operational Risk and Control Specialist provides support to the Head of Operations Control Management globally to oversee the business side of the risk framework within the Citco Corporate Solutions Division. The Operational Risk and Control Specialist reports to the Head of OCM. 

Your Role:

• ​You will be part of a global role exposed to a large number of service companies that would require you to multitask, deal with large volume of activities (and topics), connect and communicate effectively, including guidance and training, with exposure towards various internal stakeholders.
• General:
  • Experience in process risk management in financial services industry, preferably in multiple corporate services 
  • Contribute to managing multiple projects simultaneously across various service companies
  • Demonstrate proven ability to multitask effectively in high-pressure environments
  • Successful communication and providing guidance on risk management process, tools and other areas of expertise as outlined in the job description to diverse (internal) stakeholders
• Process Risk Management:
  • Demonstrate minimum 3 years of dedicated experience in process risk management
  • Experience in process mapping, analysis, and optimization
  • Contribute to implementation of successful risk mitigation strategies 
  • Show proficiency in using (process) risk management concepts, tools and methodologies 
  • Contribute to presenting detailed case studies of process improvements resulting from risk management initiatives
  • Knowledge in both qualitative and technical aspects of risk management activities and analyse
• Risk Event Management and Risk Management Portal (RMP) Maintenance: 
  • Assist in managing risk events and documented remediation, i.e. action plans, with minimal supervision
  • Maintain and process data in the Risk Management Portal (RMP), i.e. risk management tools  
  • Produce high-quality, comprehensive status reports 
  • Showcase proven ability to identify, assess, and mitigate process-specific risks
• Risk, Control and Risk Assessment:
  •  Contribute in designing and implementing Risk Assessments 
  •  Coordinate and execute risk event assessments 
  •  Implement and optimize process risk management frameworks 
• Business Continuity Management (BCM):
  • Lead BCM process oversight for multiple service companies with measurable success metrics
  • Create and maintain comprehensive BCM documentation and reports
  • Integrate process risk management principles into BCM strategies
• Control Testing Framework Development:
  • Design and implement key-control testing frameworks with a focus on efficiency and effectiveness
  • Execute operating effectiveness tests with precision and accuracy 
  • Produce detailed, actionable reports on test outcomes with clear recommendations
  • Develop automated testing procedures where applicable to enhance efficiency and coverage 
• Quality Assurance and Data Analytics:
  • Analyze data (Excel pivot tables, etc., Power BI dashboards) for the purpose of the insights in quality assurance and risk management activities   
  • Apply data analytics to identify and quantify process risks

About You:

• University degree in Risk Management, Finance, or related field.
• Minimum 3 years of experience in the key responsibility areas mentioned above
• Proven track record of success with quantifiable results in all areas, including process risk management
• Advantage, not mandatory: Advanced certifications in risk management, data analytics, and process improvement (e.g., Financial Risk Manager (FRM), Professional Risk Manager (PRM), Six Sigma Black Belt, Certified Process Risk Manager (CPRM)
• Demonstrated ability to work autonomously and in collaboration in a global, fast-paced environment
• Knowledge of industry-specific process risks and regulations
• Advanced proficiency in MS Office suite, particularly Excel, Word, PowerPoint, and Visio
• Fluent in English, both written and spoken

Additional Requirements:

• Proven expertise in contributing towards design and implementation risk and control frameworks in complex, global organizations
• Demonstrated ability to create innovative control testing methodologies that address both current and emerging risks
• Experience in integrating risk assessment RCSA results with control testing design for a comprehensive risk management approach
• Track record of successfully implementing risk management tools and systems to support risk assessment and control testing processes
• Ability to train and guide people teams in the execution of risk assessment and control testing procedures

Salary Ranges

2415 - 3040EUR GROSS

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

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