The US Pensions Investment (“USPI“) team is responsible for managing the Citi's US Defined Benefit and Defined Contribution retirement plans of a total $30 billion and advises on the Asset Allocation and Investment strategy for all the International Pension Plans.Pension Investments (“USPI”) will bolster the Risk & Controls framework of the USPI team, including creating enhanced documentation and reporting processes. This individual, with a Risk and Compliance background, will oversee and check the day to day USPI Operations team’s activities and will have the ability to raise issues directly to the fiduciaries and senior management on the sponsor side.A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses.Responsibilities:Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup and the Plans, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.Streamline business processes and activities to ensure compliance with fiduciary standards, Department of Labor and ERISA.Partner with both USPI Investment and Operational teams to continuously develop and follow best practices and procedures in Plans asset management.Support the CIO in all aspects of PPIC/401(k) relations, presentation preparation, asset allocation, and liquidity management and fee/expense analysis.Coordinate with the Investment Officers to improve investment procedures documentation for the USPI team and the ongoing monitoring of the procedures and to address any deficiencies identified in the day-to-day activities and procedures.Interface with both Citi Treasury/CTI COO and FCOO offices to address any corporate requirements related to Pension Plans.Management of USPI Managers Control Assessment (MCA) and attestation and liaising with all support functions (Legal, Risk, Compliance, Human Resources, Internal Audit and Finance).Review and update reports on all USPI investment and operational activities monthly and determine/ raise related operation risks across all operational transactions.Review all monthly Operations Team and Investment Officers reconciliations have been conducted and commented appropriately.Review Pension and 401K Plans activities such as wire transfers, subscriptions and new investments, redemptions, capital calls, wire transfers, book transfers, foreign currency, call backs and other and sure that all transactions are properly supported.Review Quarterly PPIC/4PIC materials.Review initial investment checklist and related supporting documents/agreements.Review USPI staff’s timesheets.Review third party agreements and participates in the request for proposal (RFP) and contract negotiations.Validate that each Investment Officer has addressed and commented on each daily compliance monitoring exception.Conduct regular reviews of USPIs procedures and policy documentation.Provide staff training pertaining to USPI’s needs.Qualifications:15 plus years of experience within financial services.Solid understanding of financial products.Solid understanding of the Risk and Controls within the bank.Education:Bachelors degree, potentially Masters degree and managerial experience------------------------------------------------------Job Family Group: Finance------------------------------------------------------Job Family:Balance Sheet Management------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Full Time Salary Range:$170,000.Citi offers competitive employee benefits, including: medical, dental & vision coverage; life, accident, and disability insurance; Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. 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.If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the EEO Policy Statement.
