The individual will work in Liquidity Methodology team within Liquidity Management (LM) team which is part of Citi's Corporate Treasury function. The LM team is responsible for measuring, reporting, and managing liquidity risk across the firm in a consistent and transparent manner and within well-established risk appetite. It partners with businesses and functions across the firm to establish and implement initiatives to improve Citi's liquidity profile and related risk management processes. The LM team interfaces with Citi's Asset Liability Committees (ALCOs), Country ALCOs, Country and Business Treasurers, Regional and Local Market Risk Managers, Business Managers, Independent Risk Oversight, Financial Control personnel and the Recovery and Resolution team in ensuring a consistent view of balance sheet and liquidity across the firm. It coordinates with country and business treasurers to implement funding and liquidity plans for each country / entity which includes analysis of the balance sheet and economic/business conditions for each country and/or significant operating entity. The LM team maintains an active and open dialogue on liquidity matters with regulators, rating agencies, investor relations and industry groups.
Key Objectives:
In this role, the individual will be responsible for:
Supporting, and selectively leading, development, enhancement, maintenance and review of assumptions for internal liquidity stress tests (ILSTs) and interpretations for regulatory liquidity metrics (US LCR, US NSFR)
Performing detailed product-specific analysis to support stress testing calibration which will require strong collaboration and engagement with partners across Business, Treasury and Risk functions
Actively participate in discussions with Citi's Model Risk Management (MRM) function in documenting and validating models
Assessing the liquidity impacts related to new businesses and products
Developing responses to regulatory examinations related to liquidity stress testing
Understanding Citi's regulatory liquidity metrics, reporting requirements and existing liquidity framework in order to effectively support both ongoing liquidity oversight requirements and proposed liquidity regulations (such as FR 2052a "6G" reporting instructions)
Make strategic recommendations with regard to balance sheet and liquidity optimization across legal entities and businesses
Qualifications:
A bachelor degree in finance, legal, accounting, or related fields; advanced degree is a plus.
Minimum 2-3 years of experience in one or more of Finance, Treasury, Risk, or Quantitative model development disciplines.
Experience in Treasury and/or Liquidity Risk Management at a U.S global financial services institution with knowledge of liquidity regulations, reporting, analytics and development of internal liquidity stress testing models
Willingness to take ownership and execute on deliverables.
Excellent organizational skills, with experience in leading large teams, composed of product specialists with different backgrounds
Strong communication skills (written, verbal) including tact, diplomacy and ability to influence others
Strong quantitative skills, with attention to detail.
Advanced Excel and MS Office skills required
Specialized Skills:
Understanding and knowledge of regulatory landscape (e.g., US LCR, US NSFR, Reg YY, CLAR / LISCC exam process, Recovery Plan, Resolution Plan) and liquidity planning exercises (e.g., Funding & Liquidity Planning, Contingency Funding Planning)
Working knowledge of SQL, VBA, Python, PowerBI, Tableau is desirable
Development Opportunities:
Unique opportunity to gain exposure to entirety of Citi's balance sheet and multiple products and legal entities
Become a subject matter expert in Citi's liquidity management processes, liquidity stress test modeling and applicable liquidity regulations.
Develop a toolkit of quantitative and qualitative skillsets that would enable the individual to become an experienced Treasury professional, develop in-depth understanding of various businesses and functions and prepare the individual for a future accelerated leadership role within Citi Treasury and more broadly within Citi Finance
Exposure to senior business and functional heads and key regulators
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Balance Sheet Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Tampa Florida United States------------------------------------------------------
Primary Location Full Time Salary Range:
$87,280.00 - $130,920.00
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:
Nov 22, 2024------------------------------------------------------
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.
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