Treasury Recovery and Resolution Planning (RRP) - AVP

Posted:
8/14/2024, 5:00:00 PM

Location(s):
Leinster, Ireland ⋅ Dublin, Leinster, Ireland

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Finance & Banking

Role Introduction / Overview:

Citibank Europe Plc (CEP) is currently growing its Treasury Recovery & Resolution Planning (RRP) team and is looking for a driven candidate that has strong quantitative and analytical skills and is also a proactive self-starter who approaches work enthusiastically, demonstrates initiative, and the is able to manage multiple tasks simultaneously in a fast-paced environment. As an AVP for Treasury RRP, you will be contributing to the annual production and refresh of the Treasury aspects of CEP’s Recovery and Resolution documents, assisting on ongoing RRP related projects, participating in dry-runs, and supporting ad-hoc requests.

Business / Team Overview:

The successful candidate will be part of CEP’s Treasury RRP team reporting directly to the Head of Treasury RRP for CEP. The team is particularly responsible for activities around liquidity, funding and collateral mobilisation in resolution, loss absorbing capacity and recapitalisation, in particular the planning, management and execution of MREL / TLAC transactions, and the liquidity aspects of the Recovery Plan. The Treasury RRP team is part of the wider CEP Treasury team in the Finance function that works on the entity’s liquidity management and stress testing, liquidity reporting and IRRB. The team also works closely with CEP’s Central RRP team that manages the overall Recovery and Resolution strategy for the entity, including the associated key deliverables, as well as the Capital team that plan, manage and report CEP’s capital.

Some of the key responsibilities in the role:

  • Participate in the production of the Treasury aspects of CEP’s Recovery Plan including developing stressed forecasts and assessing the liquidity impact of recovery options.
  • Assess CEP’s MREL / TLAC requirements and cost as part of the periodic Internal Capital Adequacy Assessment Process (ICAAP), annual Strategic Planning process and Recovery Planning process.
  • Perform analysis around liquidity, collateral, MREL / TLAC, or associated processes as required, and contribute to associated documents for submission to internal governance committees or regulators.
  • Assist in the preparation of presentations to CEP committees and regulatory workshops.
  • Execute on liquidity analysis for the periodic resolution exercises conducted by Citigroup and develop artefacts supporting local recovery and resolution capabilities testing.
  • Provide ad hoc support around other key deliverables of Treasury RRP.

Development Value:

In this role, the successful candidate will obtain a good understanding of the frameworks and regulations used in the EU for Recovery and Resolution Planning. The role will also provide hands-on experience around how the bank develops its strategy for managing liquidity and capital in stress.

What knowledge, skills and experience we’ll need from you:

  • Experience working for a financial institution or a consulting firm specialising in projects related to financial institutions and has a good understanding of liquidity concepts including its management, intraday liquidity, regulations, reporting, forecasting and/or stress testing, and their application to business activity and the balance sheet.
  • Strong technical skills with experience in financial modelling and forecasting.
  • Exceptional analytical and problem-solving skills with a keen attention to detail.
  • Working knowledge of Recovery Planning or Resolvability concepts, and stress liquidity metrics such as RLAP and RLEN are a plus, but not required.
  • Strong verbal and written communication skills.
  • Capable of working under pressure and can effectively prioritize across multiple tasks to bring them to closure.
  • Is a strong team player that is able to collaborate effectively with a range stakeholders.

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Job Family Group:

Finance

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Job Family:

Balance Sheet Management

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Time Type:

Full time

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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.

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