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Citi is an American multinational investment bank and financial services corporation headquartered in New York City, NY.
(more about Citi)SVP, PBWM Risk Quantification Regulatory Group Manager - Hybrid
The Risk Quantification Group is a global utility within the PBWM Franchise Risk Organization. The purpose of this group is to coordinate stress testing exercises across all risk categories to identify and manage concentrations, oversee the implementation of an integrated and synchronized risk appetite limit framework, and drive standardization and governance of risk/return metrics for portfolio optimization
The Regulatory Risk Group Manager is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographic regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. The Regulatory Risk Group Manager reports into Head of Risk Appetite and Concentration limits & will collaborate with Treasury to provide PBWM a framework for Portfolio & Capital Optimization This role will support the following areas:
- Analyze stress testing results across risk stripes to identify and manage concentrations, and/or pockets of highly vulnerable strategies and exposures; recommend limits.
- Manage risk appetite and concentration limits, escalate breaches and collaborate with businesses on remediation.
- Define approaches for quantifying risks, as identified in the material risk inventory
- Evaluate the trade-offs of risks for given segments (operational risk, liquidity risk, strategic risk, credit risk), and impacts to capital, to provide business leaders a holistic risk assessment of their respective portfolios, key products and segments.
- Investigate and quantify emerging risks and new correlations.
- Collaborate with Treasury to provide PBWM a framework for portfolio optimization, taking into account earnings volatility, growth potential, and balance sheet constraints.
- Identify ongoing risk opportunities to control RWA and manage capital.
The operationalization of these metrics is tied to Citi-level regulatory matters and Consent Order deliverables. This individual exhibits a passion for risk management and understands consumer and wealth management lending business profitability and measures for evaluating risk and reward trade-offs, and stress loss absorption. In addition to having very strong quantitative expertise, this role must have strong process and project management skills, with an eye towards sustainability and control.
Core Responsibilities for this role include:
- Responsible for providing risk strategic analytics, information management across Citibank products and reports to senior management
- Responsible for communicating to executive management implications of existing and opposed regulation and developing potential responses.
- Regulatory risk project management ownership (business requirements, analysis and testing) for delivery of regulatory solutions. (i.e.. stress test and CCAR regulatory requirements, stress test-based limit monitoring and reporting etc)
- Analyzes new risk-related guidelines, best practice standards, rules and regulations
- Directs the approach to answering questions and involve appropriate Risk functions in Citi with audits and regulators.
- Provides Project Management of various deliverables for Portfolio Risk Review chapter. Involvement in rationalization of EUCs (End User Computing) used for Portfolio Risk Reviews.
- Significant interaction with a wide range of senior bank and risk management colleagues, as well as external stakeholders such as regulators / auditors.
- Initiates feedback session with Client to understand strength and focused areas. Leverages feedback to influence change throughout organization.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- 10+ years relevant experience
- Should have excellent proficiency in Microsoft Office – particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
- Broad understanding of classifiable and delinquency managed credit and operational policies and procedures, including a command of the collateral management process.
- Thorough knowledge of financial and risk reporting as well as experience from the business and/or technical area desired.
- Familiarity with regulatory landscape facing global banks. Ideally, have worked in banking industry or regulators institutions.
- Previous experience in managing Regulatory Inspections and Audits within a financial services company.
- Professional ability and presence to interact with Senior Bank, Regulatory and Audit Management.
- Project management knowledge and experience working with diverse group of stakeholders to achieve milestones and deadlines.
- Proven relationship management skills with ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas like Government Affairs, Communications, Legal, Compliance, Control, in-business Risk and Independent Risk.
- Project management experience with the proven ability to develop project plans and drive a diverse group of stakeholders to achieve milestones and deadlines
- Proficient in SAS is preferred
- Knowledge of Tableau is preferred
Leadership Competencies:
- Strong intellectual and analytical capabilities to develop quantitative solutions.
- Demonstrated history of driving change and managing for results
- Efficiently solves complex, ambiguous problems / situations.
- Collaborative work style; effectively interacts with partners across organizational boundaries and hierarchies
- Contributes to a positive work environment and remain calm under pressure
- Consistently demonstrate clear and concise written and verbal communication
Education:
- Bachelor’s degree required, master’s degree in a quantitative discipline preferred.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Risk Management-------------------------------------------------
Job Family:
Regulatory Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New York New York United States------------------------------------------------------
Primary Location Salary Range:
$170,880.00 - $256,320.00------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
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.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.