U.S. Personal Banking (USPB) is a major business at Citi. The In-Business Credit & Franchise Risk Organization within USPB is responsible for managing the credit and franchise risk of the USPB business. The Head of In-Business Credit & Franchise Risk reports to the CEO of USPB.
One of the groups within In-Business Credit & Franchise Risk Organization is Enterprise Risk and Balance Sheet Management. This group is responsible for executing Enterprise Risk Management (ERM) programs including Risk Identification, Risk Appetite & Limits, New Activities/Product Risk, ERM Risk Monitoring and framework execution. The team is also responsible for managing Balance Sheet constraints including capital-based risk appetite limit and Risk Weighted Assets (RWA).
This role is part of the Retail Credit Limit Management & Balance Sheet Management Team. This individual will be leading key analysis and driving key initiatives contributing to the successful management of balance sheet constraints.
Responsibilities
The candidate will be a leading or supporting the following responsibilities:
Liaise with finance and business partners to evaluate forecasts as part of Outlook / Annual Plan, CCAR/QMMF and implications to USPB capital-based stress losses, RWA and other relevant balance sheet components.
Evaluate drivers of capital-based stress losses and RWA and recommend metrics and leading indicators to track drivers across retail risk pool.
Co-ordinate USPB Balance Sheet Management forums, a forum comprising senior USPB stakeholders facilitating the management of USPB retail credit limits, balance sheet capacity and USPB Balance Sheet Optimization framework.
Develop USPB Balance Sheet Optimization framework within all the capital based binding constraints (CET1, Tier 1, Tier2 Capital, Total Capital)
Monitor key USPB capital metrics such as Stress Loss, RWA & GSIB, develop remediation plans for potential excesses against the approved business plan, and manage limit breach escalation per policy.
Build presentations with supportive analysis, storyboard results for senior management & executive management team.
Qualifications
10+ years of work experience in financial services or management consulting with heavy focus on capital management, financial planning, and analysis
Working knowledge of Credit Cards and other consumer bank products P&Ls, key risk & return dynamics and loss drivers.
Good understanding of Capital and Balance Sheet Management, CCAR & CECL framework, Basel III Endgame
Understanding of forecasting models for balance sheet and P&L
Strong project management skills, proven track record of delivering complex solutions desirable.
Proficiency with standard analysis tools (Advanced Excel / Tableau / Power BI / MicroStrategy)
Clear concise communication skills, both oral and written; Ability to multi-task and work under pressure; Positive and proactive attitude, ability to collaborate across levels and functions.
Excellent analytical skills, ability to derive trends, insights, and perform risk/reward trade-off analysis.
Leadership Competencies
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
Preferred master's degree in quantitative disciplines such as Financial Engineering, Operation Research, Econometrics, or similar quantitative discipline; OR MBA Finance
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Risk Policy------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Wilmington Delaware United States------------------------------------------------------
Primary Location Full Time Salary Range:
$156,160.00 - $234,240.00
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 20, 2024------------------------------------------------------
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