Risk Governance CCAR CCR Retail RWA - SVP

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

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Join the Citi's Risk Governance Group team to support its regulatory stress testing initiatives (Comprehensive Capital Analysis and Review aka CCAR and Dodd-Frank Act Stress Test aka DFAST efforts) in response to the Fed and OCC guidelines. 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 Retail Credit exposures. The role will partner extensively with colleagues across risk, Financial Planning & Analysis, Treasury, Model development, Model validation and line of business functions on the capital stress testing processes. The role will also involve significant direct interaction with the regulators. This role will require stewardship on CCAR RWA forecasting for Retail Credit Risk exposures. 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 a robust working knowledge of Retail Basel III rules are required.

The candidate will be responsible for

Refining existing methodologies and introducing sophisticated techniques for RWA projections of Retail exposures (Basel III Standardized and Advanced approaches)

Substantively manage, contribute to, and coordinate either across functions or within Risk for RWA Forecasting methodologies and Documentation, including the remediation plans as needed

Contribute to the creation of Senior Management-ready materials, particularly CCAR presentations to Lines of Businesses, Independent Risk Management, Finance and Regulators

Work across the firm to drive change and influence risk and regulatory outcomes

Review Retail risk exposure calculations and forecasts for Basel, CCAR and DFAST requirements. Define and establish quantitative analysis (e.g sensitivity analysis with linkage to macroeconomic variables), critical challenge of assumptions and results processes for Retail RWA with respects material portfolio and major risk factors

Understand the linkages and interconnectivity between stress loss models and RWA forecasting models

Develop a strong working relationship with FP&A, Treasury Front Office, Technology, Audit and Independent risk and other counterparts across the organization

Retail RWA Model compliance working closely with the model development, model validation, consumer risk management and functional validators of the models

Engage with Regulators to 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.

Develop 2 nd and 3 rd levels of RWA expertise within the team

Comprehensive understanding of CCAR requirements and processes --abreast with the latest CCAR guidelines, understanding the data, oversee the submissions, synthesize the submissions, coordinating with other work streams

In-depth knowledge of US Final Basel requirements specifically for Retail Basel (BCBS Revised Framework for International Convergence of Capital Measurement and Capital Standards)--AIRB & Standardized approaches, and related publications

Good understanding of principles of accounting for (bank) credit assets, capital and ALLL/LLR

Ability to independently and effectively work across all levels of management and across functions including navigating through organizational complexity and demonstrate organizational savviness

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; tireless 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).

Good understanding of regulatory capital computation and reporting requirements (Basel, FFIEC 101)

Good understanding of requirements relating to FRB-mandated CCAR reporting forms (FR Y-14Q, FR Y-14M, FR Y-14A)

Good understanding of requirements relating to other regulatory reporting forms bearing relevance to retail banking exposures (FR Y-9C, FFIEC-031, FFIEC-101)

5 - 15 years' experience in related field