Latam Finance Controls Centralization Unit Lead

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We value our talented employees, and whenever possible strive to help one of our associates grow professionally before recruiting new talent to our open positions. If you think the open position you see is right for you, we encourage you to apply Our people make all the difference in our success.This career opportunity is available at the following Citi site(s): Costa Rica

The LATAM Finance Controls Centralization Lead serves in a senior control role supporting LATAM Finance, with responsibilities for oversight of control activities supporting Finance teams in LATAM countries. Focus is on the Managers Control Assessment (MCA), Citi’s internal risk and control self-assessment program, to establish internal strategies, policies, procedures, processes, and programs to prevent violations of law, rule, or regulation and design and deliver a risk management framework that maintains risk levels within the Firm's risk appetite. It also serves to protect the franchise on adequacy of design of control and ensuring that the proper mechanisms are in place to efficiently monitor the ongoing effectiveness of those controls. Additional responsibilities include managing teams that facilitate External Audit Coordination, Control policy support and Risk & Control analytics.

Responsibilities include:

- Serve as trusted control advisors to Finance stakeholders. Partner with Finance stakeholders, First/Second Line functions and audit throughout the region to provide MCA, external audit advisory and other control support for 17 centralized control countries.
- Proactively identify emerging risks and assists Latam Controllers, CFO’s and teams with resolving control deficiencies and control gaps. Create quality corrective action plans that mitigate root cause of the issue.
- Serve as external audit liaison and point of escalation. Lead discussions with external audit on potential findings, issue management, and escalation process. Manage External Audit coordination team.
- Leads overall quarterly MCA Program for Latam Finance, including monitoring and analysis of quarterly MCA results and Key Risk Indicators. Manage team lead monitoring of 17 centralized countries MCAs in Controllers and FP&A. Proactively identify emerging risks and assesses control gaps and issues, including identifying root causes and partnering with Issue Management Team on creating corrective action plans as needed. Drive strategy for effective design, implementation, execution and monitoring of controls.
- Assist with the development of enhanced reporting that communicates opportunities to improve MCA effectiveness. Develop and implement analytics that leverage MCA results and other risk and control data, to identify potential control deficiencies and corrective actions. Partner with the Controls Transformation Lead and Country Finance teams to enhance consistency and accuracy in Inherent Risk and Residual assessment.
- Assess previously identified control breakdowns to determine root cause and execute read-across to detect potential emerging risks and develop risk mitigation processes and activities. Drive improvements to MCA Completeness, MCA Accuracy and IA Effectiveness metrics, working closely with Pre-Assessment review teams and analysis of Internal Audit Post-mortem process.
- Proactively monitor and manage CFO/Controller Scorecards control metrics targets, drivers and Path to Green. Coordinate, monitor and report on Finance Material Risks, Key Operational Risks and Key Indicators. Manage Risk Governance Framework reporting on Finance owned Principal Risks, and Path to Improvement.
- Communicate and enforce policies, requirements, procedures and controls throughout LATAM Finance. Assist with execution/implementation of key control policies and procedures.
- Manage team of 10 professionals, and drive professional development of team, including setting goals and completion of Individual Development Plans. Drive Voice Of Employee initiatives for team.
- Manage LATAM EUC Champion function and associated governance/control requirements, which include maintaining an updated Model and EUC inventory to highlight and address potential policy violations/breaches. Support COB and Record Management control process in countries. Perform LRR annual validations.
- Create control related presentations for monthly regional forums (e.g. Control Forum, Regional BRCC, etc.) and other presentations for senior management.
- Support migration of pending countries to Controls Centralization team in Costa Rica. Additional duties as assigned.- Support Finance-wide projects and initiatives as required.
- Partner with Digital Finance team to assess opportunities to improve controls with RPA and digital tools.
**Knowledge/Experience**:

- 7+ years of financial experience and leadership progression a global financial services organization
- Strong understanding of risk and control
- Understanding of risk and control self-assessment (RCSA)