General Manager, Citibank
vor 3 Monaten
General Manager, Citibank (Switzerland) AG & Private Bank Investment Centre Head - Switzerland
**Job Purpose**
Overall management and oversight responsibility for a regulated Swiss Bank and responsible for safeguarding and promoting a balanced and effective business and working environment for the Citi Private Bank ("CPB") in Switzerland and Monaco in accordance with all relevant laws, regulations and internal policies.
**Job Background/Context**
Citi Global Wealth is a Division of Citi focused on serving the needs of clients across the entire wealth spectrum. It has been created by combining the Wealth Management businesses across Citi Global Consumer Bank and Citi Private Bank.
Citi Private Bank is a trusted advisor to the world's wealthiest, most influential individuals and families. Like Citi's government, institutional and multinational corporate clients, Citi Private Bank clients receive bespoke service and access to the best ideas and solutions tailored to their unique needs and aspirations.
Citi Private Bank in Switzerland is one of four booking centres in Europe, Middle East & Africa and has a material role to play in growing the ultra-high net worth wealth segment as part of the core strategy of Citi Wealth globally.
Citi Private Bank offers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking. Among its' select clients are a third of the world's billionaires, many of whom are globally minded entrepreneurs with an expectation of an institutional level of service, who take advantage of Citi's holistic approach to wealth management.
Citi Private Bank is represented by more than 1,000 private bankers, investment professionals and product specialists across a network of 90 offices in 33 countries and over 128 currencies worldwide, making it the most global private bank.
**General Manager - Citibank (Switzerland) AG**
Citibank (Switzerland) AG ("CIBS") is a Swiss bank, authorized and supervised by the Swiss Financial Market Supervisory Authority ("FINMA"). It offers a full range of banking and investment services to target market ultra-high net worth clients of the Private Bank.
The General Management currently consists of three members and is chaired by the General Manager. It is responsible for the operational direction of the conduct of business and bears overall responsibility for all decisions and instructions given in this connection. This includes the overall responsibility and oversight for the day-to-day business and specific legal entity level required approvals, reviews and assessments as defined in the Articles of Association and the By-Laws of CIBS as well as applicable policies and guidelines.
The General Manager reports and/or escalates directly to the CIBS Board of Directors and bears management responsibility for CIBS towards the Swiss regulator, FINMA.
Key duties and responsibilities of the CIBS General Management includes:
- The direction and management of the Bank, the ongoing supervision of the business within the scope of policies, guidelines, authorizations, decisions and limits set by Citigroup policies or by the Board of Directors
- Chair the CIBS Management Committee, incl. associated governance, preparation and follow-ups
- Liaison with Finance & Treasury to ensure compliance with capital requirements, liquidity and the diversification of risks, including legal lending limits, budgets and planning, business strategy and growth plans
- Escalation to the CIBS Audit & Risk Committee and/or the Board of Directors as and when required, including outside of the cycle of the quarterly governance meetings
- Supporting and overseeing the preparation of the annual report (containing the annual report of the Board of Directors, the annual accounts and the report of the regulatory auditor), the preparation of the interim balance sheets and earnings statements for the attention to the Board of Directors, the publication of the annual accounts and the interim financial Statements
- Attend and present during CIBS Board Meetings and CIBS Audit & Risk Committee Meetings as representative of the CIBS General Management
- Oversight of the development and supervision of the internal control system processes, in particular in relation to the segregation of duties, the compliance function and the risk control function
- The approval of certain business transactions within the scope of regulations or internal policies
- Requirements including, but not limited to, Client On-boarding & Account openings for CIBS
**Board Member - Citi Global Wealth Management S.A.M.**
Citi Global Wealth Management S.A.M. ("Citi Monaco") is an authorized wealth management entity incorporated in Monaco and a subsidiary of CIBS since 2023.
There is a local team based in Monaco, primarily responsible for the relationship management of Monaco resident clients and prospects who hold accounts in var
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