NPAC Junior Coordinator

Citibank - More jobs by this advertiser
NPAC Junior Coordinator-19023158
Description
 

PAC Junior Coordinator

 

Description

  • Product Approval Committees (PACs) are an integral part of Citi Risk Management providing a robust process for the review and approval of new products and services.  The objective of the PACs is to ensure that all covered initiatives undergo a transparent, consistent, rigorous, documented and auditable review and approval process for the identification and evaluation of significant risks to Citi and its clients.  PACs offer an efficient forum for risk issues to be evaluated in the presence of the business and other control functions. The mandates of PACs include the following:
    • Review and approve all new products, services or complex transactions manufactured or provided by Citi (or by third parties for distribution to Citi clients)
    • Ensure that all the significant risks, including reputational and franchise risks are properly identified and evaluated
    • Determine that all the necessary controls and infrastructure are in place. Confirm compliance with other relevant approval policies
    • Provide an efficient forum to obtain review and approval from Control Functions. Provide a formal, transparent and documented process
  • All business segments have PACs in place covering the products offered in that segment.  Currently, there are 5 PACs, namely: New Product Approval Committee (NPAC), Commercial Bank Product Approval Committee (ComPAC), Consumer Product Approval Committee (CPAC), Distribution Product Approval Committee (DPAC) and Insurance Distribution Product Approval Committee (IDPAC)
  • NPAC:  Responsible for reviewing and approving new products, services and complex transactions generally for all ICG businesses and Corporate Treasury
  • ComPAC: Responsible for reviewing and approving new products, services and complex transactions manufactured or provided by the Citi Commercial Bank - CCB (or by third parties) for distribution to CCB clients, and new business lines or expansions of existing business lines
  • CPAC: Responsible for reviewing and approving new products, services, lines of business or expansions of existing business lines offered by the Global Consumer Business (GCB)
  • DPAC:  Responsible for reviewing and approving retail investment products and services manufactured and/or distributed by Citi to individual investors
  • IDPAC:  Responsible for reviewing and approving retail insurance products and services (including add-on insurance) distributed by Citi to retail clients

Responsibilities

  • The candidate will be the Junior Coordinator primarily supporting Asia NPAC and ComPAC in managing (scheduling, tracking, logging and updating) the review process, as well as be the Alternate Coordinator in supporting Asia DPAC and Investment Product Risk (IPR)
  • Assist in screening business proposals to determine the scope of the NPAC/ComPAC review required and make appropriate recommendations to the NPAC/ComPAC Chair and Primary Coordinator
  • Liaise with the businesses to ensure that proposals -- particularly additions to Permitted Product Lists (PPL), potential No NPAC Required (NNR) and Post-Implementation Reviews (PIR) --accurately represent all relevant risks and issues, and that the relevant control functions have understood and opined on the proposal
  • Participate in the discussions at NPAC/ComPAC review meetings, be directly engaged in the evaluation of risk issues, and document meeting discussions
  • Engage the business and control stakeholders to ensure that the issues raised during the NPAC/ComPAC review are duly addressed and resolved
  • Provide reports and analysis from the global database to meet business, regulatory and audit requirements
  • Complete documentation requirements for reviewed proposals and work on the MIS data management
  • Assist in regional and global initiatives, including automation and digitization of PAC workstreams
  • Provide effective back-up as the alternate coordinator for the Asia DPAC, and broader Investment Product Risk (IPR) function as required. Areas of involvement include:
    • Product Approval – Work with the business to advise, pre-screen and assist in preparation of proposals that are to be brought to DPAC; assist in validating and closing any conditions of approval; assist with maintenance of Committee minutes, documentation and records
    • Product Ratings – Assist with assigning and approving investment product ratings in IPR systems
    • Planning and Consultation – Advise businesses on product development in relation to identified risk issues and best practice
    • Monitoring – Identifying, communicating and tracking product and advisory risk issues impacting businesses in conjunction with other regional control functions

 


Qualifications
 

Qualifications

  • Bachelor’s Degree, Advanced Degree in business, finance, law or economics a plus
  • 7-8 years of relevant work experience

Skill Set

  • Excellent organizational skills, ability to multi-task and identify key issues Able to manage multiple proposals concurrently that are often different in subject and urgency
  • Excellent communication skills and strong interpersonal skills while working across multiple geographies, businesses and functions
  • Good team player while working independently to bring tasks to completion
  • Strong data management and presentation preparation skills
  • Product knowledge over a broad set of asset classes and transactions (eg Equities, Commodities, FX, Rates, Structured Products, Private Equity, eCommerce, Cash Management, Trade Finance, Custodial Services etc) is a plus but not necessary
  • Basic understanding of different risk types, eg Market Risk, Credit Risk, Operational Risk, Franchise Risk, Legal risks and regulatory risks

 

 

  



13 July 2019
Location: India Marche Mumbai
Work type:
Full time
Sector:
Banking and Financial Services
Profession:
Other
PLEASE! No enquiries from Recruitment Agencies or Headhunters.

Only direct applications will be considered.

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