Join the Citi’s Capital Planning & Forecasting team to support its regulatory capital for Wholesale Banking Book exposures (Comprehensive Capital Analysis and Review aka CCAR and Dodd-Frank Act Stress Test aka DFAST efforts) in response to the Fed and OCC guidelines including playing an active role with Citi’s model risk governance framework. This role will offer significant exposure to senior management and broad leadership accountability on aspects of the firm's capital adequacy and stress-testing activities as they relate to Wholesale Banking Book exposures RWA both in terms of RWA actuals and forecasting. The role will collaborate extensively with colleagues across risk, finance, model development, model validation and line of business functions on the capital stress testing processes. This role will require stewardship on driving the new Wholesale Banking Book requirements and CCAR RWA forecasting. Excellent interpersonal skills are required given the high level of interaction with senior members, as well as the ability to work under pressure to meet tight deadlines. Strong analytical skills with robust product knowledge of Wholesale products are preferred.

Responsibilities:

• Ensure clear understanding and manage Citi’s compliance to the strategic design and implementation of the  Wholesale Banking Book rules by partnering with Treasury, Finance, lines of Business, Model Risk Management, Finance and Risk Infrastructure and Technology 
• Refining existing methodologies and introducing sophisticated techniques for RWA projections of Wholesale Banking Book RWA estimation based on both existing as well as upcoming regulatory rules
• Act as a sponsor, substantively manage and coordinate the end to end model lifecycle requirements as it pertains to the Banking Book RWA components  
• Manage, contribute to, and coordinate either across functions or within Risk for RWA Actuals and Forecasting Methodologies and Documentation, including the remediation plans as needed
• Partnering with QRS, MRM to develop and manage quantitative analysis to support Citi’s compliance to the Wholesale Banking Book RWA actuals and forecasting rules and regulations
• Review Wholesale Banking Book RWA risk exposure calculations for Basel, CCAR and DFAST requirements.  Define and establish attribution analysis for analyzing the changes in forecasted RWA changes with respect to major risk factors
• Contribute to the creation of Senior Management-ready materials, particularly CCAR and Internal planning presentations to Lines of Businesses, Independent Risk Management, Finance and Regulators
• Work across the firm to interpret Banking Book regulations, drive change and influence risk and regulatory outcomes for RWA Actuals and Forecasts
• Understand the linkages and interconnectivity between macroeconomic and dependent variables and RWA forecasting models
• Develop a strong working relationship with Finance, Front Office, Treasury, Technology, Audit, Independent risk and other counterparts across the organization
• Explain results, analysis and high-level methodologies employed for stress testing
• Identify potential process improvements and capabilities to increase consistency, transparency, and reliability of stress testing results.
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Performs other duties and functions as assigned.

Qualifications:

• Bachelors degree in finance, accounting or related area
• 5+  years of experience in related field
• Comprehensive understanding of Wholesale Banking Book RWA capital rules and regulations, CCAR requirements and processes –abreast  with the upcoming Banking Book rules, latest CCAR guidelines, understanding the data, oversee the submissions, synthesize the submissions, coordinating with other work streams highly preferred
• Knowledge of Basel International framework and US Final Basel requirements specifically for Wholesale exposures preferred
• Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls, and think both strategically and tactically while driving meticulous execution
• Exceptional oral communication and writing skills, with ability to synthesize complex concepts, and translate into "user-friendly" language for multiple audiences, including senior management, multiple internal constituents and regulators
• Ability to manage multiple priorities and tasks, work well as part of a team, and exhibit strong people and influencing skills
• Expertise in CCAR clearly a plus, but if not, sufficient expertise in managing a similar stress testing regime or proven ability to quickly come up to speed in managing a complex financial reporting process of comparable in complexity to CCAR
• Strong attention to detail, willingness to "roll up sleeves" and produce a polished, high quality, accurate product; strong work ethic with ability to work well under pressure
• Solid Microsoft Excel skills and the ability to quickly develop advanced knowledge of MS Excel and Access (or other database front-end query applications).

Education:

• Bachelors degree, potentially Masters degree

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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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Primary Location:

Tampa Florida United States

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Primary Location Full Time Salary Range:

$113,840.00 - $170,760.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Oct 11, 2024

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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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