Corporate & Institutional Banking (CIB) offers an international and dynamic working environment. The CIB portfolio covers multiple sectors (Natural Resources, Global Transportation & Logistics, Financial Institutions, Food & Retail, Manufacturing, Real Estate, Construction & Utilities, Technology, Media & Telecom, Services & Financial Sponsors) grouped under Client Coverage. Clients are serviced across the globe, organized in 3 regions: EMEA, Americas and APAC. A complete suite of products is offered via CIB’s Coverage, Structured Finance & Portfolio Management, Global Markets, Trade & Commodity Finance and Clearing business lines.
Management Control & Regulations (hereafter: MC&R) falls within the scope of Processes & Control, which is responsible for all first line risk control responsibilities (except credit risk management) and accountable for the oversight of CIB’s full risk taxonomy (including credit risk management) and facilitates the CIB business lines on all other non-commercial responsibilities globally. Processes & Control safeguards CIB’s license to operate by (i) having a firm grasp on the risk taxonomy, (ii) creating and maintaining complete and correct administration, (iii) enabling flawless business operations and (iv) offering reliable day- to-day business support.
MC&R is responsible for oversight of CIB’s full risk taxonomy and responsible for organising CIB’s first Line of Defence globally, including:
- Setting the CIB control framework
- Executing/Monitoring the controls
- Assuming delegated risk ownership
- MC&R is the owner of CIB specific control policies, procedures & processes.
In line with our mission, MC&R takes ownership of & leads the risk taxonomy throughout CIB. For this, MC&R must bring a thorough understanding of the impact of global banking on all risk types and how to control them – and, vice versa, offer a vision on how risk control effects the business of global banking.