Job Description

Position: Senior Business Associate (Vice President)

Team: North America Broker-Dealer Legal Entity Governance

Reporting Line: Markets Chief Operating Office (COO)

Location: Toronto, ON (Co-located with Canada Markets Senior Management)

Overview

Citi is seeking a Senior Business Associate at the Vice President level to join the North America Broker-Dealer Legal Entity Governance Team. This critical role serves as a bridge between the Markets Chief Operating Office and various functional partners to manage the risk and governance of Citi’s major US and Canadian legal entities.

You will be responsible for ensuring that these entities—including Citigroup Global Markets Canada Inc. and Citigroup Global Markets Inc.—adhere to Citi’s Risk Governance Framework. This involves a blend of regulatory compliance, strategic project management, and operational control, requiring you to navigate a complex web of stakeholders across Markets, Banking, Wealth, Risk, Finance, and Legal.

The Entities Under Management

You will provide governance oversight for a portfolio of high-impact entities:

Citigroup Global Markets Holdings Inc.
Citigroup Financial Products Inc.
Citigroup Global Markets Inc.
Citigroup Global Markets Canada Inc.
Citigroup Energy Inc.

Key Responsibilities

Risk Framework Operationalization: Implement and track programs for Risk Identification, Risk Appetite Assessments, and New Activity approvals.
Issue & CAP Management: Partner with the First Line of Defense (1LOD) to track “Corrective Action Plans” (CAPs) and report on progress regarding regulatory or internal audit issues.
Manager’s Control Assessment (MCA): Advance the control framework by executing testing and managing operational loss processes.
Financial & Data Analysis: Perform deep-dive analysis on entity-specific metrics, including revenue/expense attribution and headcount.
Governance Reporting: Prepare high-level materials and presentations for business committees and senior leadership.
Technology & Process Innovation: Recommend and drive technology changes to streamline the control framework.

Job Data Table

Feature	Details
Company Name	Citi (Citigroup)
Location	Toronto, ON (123 Front Street W area)
Role Level	Vice President (VP)
Salary Range	$111,600 – $161,600 CAD
Primary Team	Markets COO
Experience	6–10 Years
Industry Segment	Capital Markets / Broker-Dealer

Skills & Competency Table

Skill	Competency Level
Risk Governance Framework	Expert
Stakeholder Management	Expert
1LOD / Control Testing	Advanced
Financial Analysis (Excel)	Advanced
Project Management	Advanced
Regulatory Knowledge	Specialist

The Risk Governance Cycle

In this role, you will be a key driver in the continuous cycle of identifying, assessing, and mitigating risks across the legal entities.

Qualifications

Experience: 6–10 years in financial services or top-tier consulting. Global Markets experience is highly preferred.
Education: Bachelor’s/University degree or equivalent experience.
Traits: You must be highly analytical, detail-oriented, and able to work independently in a global cross-functional environment.

Why Citi?

Global Exposure: While based in Toronto, you will collaborate daily with colleagues in the US, UK, Europe, and Asia.
Impact: Your work directly safeguards Citi’s reputation by ensuring compliance with US and Canadian laws.
Career Growth: As a VP in the Markets COO office, you are positioned at the intersection of business strategy and risk management.
Diversity & Inclusion: Citi is an equal opportunity employer with a strong commitment to accessible workplaces.

Job Summary

This is a high-level governance role that requires a “control mindset.” You are the guardian of the legal entity’s health, ensuring that every business decision made within the Markets, Wealth, and Banking sectors aligns with Citigroup’s overarching risk appetite and regulatory obligations.

FAQs

1. What is “1LOD”?

1LOD stands for First Line of Defense. These are the business units (Markets, Banking, etc.) that own and manage risks. Your role is to partner with them to ensure their controls are effective.

2. Is this a front-office or back-office role?

This is a Middle Office / COO role. You are closely aligned with the business (Markets) but focus on governance, infrastructure, and controls rather than direct trading.

3. What is “MCA”?

Manager’s Control Assessment is Citi’s internal framework for managers to self-identify risks and test the effectiveness of their own controls.

4. Does Citi use AI in the hiring process?

Yes, Citi uses AI to help align candidate skills with openings, but they explicitly state that all final hiring decisions are made by humans.

Expert Analysis

For a VP in Toronto, this role offers a rare vantage point over both US and Canadian operations. Given the 2026 regulatory landscape, “Legal Entity Governance” has shifted from a back-office administrative task to a front-and-center strategic requirement. Candidates who can navigate CIRO (Canada) and SEC/FINRA (US) requirements simultaneously will be at a major advantage.

Career Path

Successful Senior Business Associates in the Markets COO team often advance to Director level roles in Business Management, Chief of Staff positions, or specialized leadership roles within Risk and Control.

To apply for this job please visit jobs.citi.com.