Citi Services is one of Citi's five interconnected businesses and at the heart of Citi's global network. Citi Services includes Treasury & Trade Solutions (TTS) and Securities Services. TTS provides an integrated suite of Liquidity, Payments and Trade/Working Capital solutions to multinational corporations, financial institutions, public sector organizations and increasingly mid-sized corporate clients. Securities Services provides global institutional clients a wide range of solutions, including custody, fund services, execution services and issuer services. These are supported by our extensive on-the-ground local market expertise, innovative post-trade technologies, customized data solutions and a wide range of securities services solutions that can be tailored to meet clients' needs.
Capital optimization is a critical area for Citigroup and represents a significant challenge facing the financial services industry. As a firm, our ability to effectively lead in this area will be a significant determinant of our future competitiveness. It also helps satisfy a regulatory requirement for enhanced connection between strategic planning and capital planning.
Balance Sheet and Capital Management (BSCM) is a specialized team responsible for ensuring an effective and efficient use of Services' balance sheet with the goal of improving return on capital measures. Key benefits include development of specialized capital knowledge, experience developing and executing complex analytical processes, exposure to senior leadership and multiple products across Services, and working in a rewarding, creative, and dynamic environment.
Capital Allocation and Management Lead - Director will play a critical leadership role in Services' capital and balance sheet strategy by advocating for appropriate methodologies to attribute TCE and for managing and coordinating Services' capital requirements across component businesses. The successful candidate will report to Head of BSCM, Trade & Working Capital Solutions and take a holistic view across multiple data sources including RWA, GSIB, Return on Capital, and Reserves to provide key insights to the Services senior leadership team.
Key responsibilities:
Develop robust allocation methodologies for Services, though close collaboration with senior leadership, in order to appropriately measure risks and returns of Services' business lines (including both TCE and FTP allocations)
Build processes to check that Treasury charges are implemented correctly and in alignment with allocation methodologies
Manage Services' capacities, including allocating and monitoring monthly RWA limits for Products
Optimize Services' mix of business and capital allocation to maximize overall risk-adjusted returns
Drive initiatives to drive higher returns and to get more business done with the same RWA (i.e. lower Risk-weight density through business selection and distribution)
Coordinate with TWCS Asset Distribution team to identify and execute RWA mitigation trades
Competencies:
Exceptional communication skills required in order to negotiate internally, often at a senior level, and a strong voice and presence needed to represent Services in Citi-wide forums
Creative skills necessary to craft persuasive, well-researched narratives for senior consumption
Must be able to quickly create concise, informative executive summaries for stakeholders that convey a well-developed "story" and advocate for a well-reasoned point of view
Strong interpersonal skills to identify and resolve conflict to mitigate roadblocks
Attention to detail with proven ability to distil complex ideas into simple stories
Strong audit / compliance instincts and ability to apply independent judgment to historical business practices, with a proven ability and willingness to challenge the status quo
Ability to connect business strategy with capital usage and understand the complex end-to-end data process for capital calculation in order to effect change
Innovation mind set, intellectual curiosity and personal drive to peel back multiple layers in order to identify root cause issues
Ability to work under pressure in a highly professional environment
Qualifications:
Bachelor's degree in Finance, Engineering, Science, Mathematics, or related fields; advanced degree is a plus
10+ years relevant experience in the Financial Services industry e.g. Treasury, Capital Management & Planning, Quantitative Risk Management, Analytics
Strong familiarity with Bank Balance Sheet and Capital Management including Basel Capital Requirements, Liquidity Regulations, Asset Liability Management, Funds Transfer Pricing, Interest Rate Risk Management and methodology. Familiarity with internal allocation methodologies is a plus, as is a good understanding of CCAR, and knowledge of and interest in Basel III legislature (including relevant upcoming regulatory reform)
Established Influencing/leadership skills with the ability to mediate discussions and draw consensus
Strong problem solving skills with an ability to rapidly assimilate complex information across a variety of financial disciplines
Excellent communication skills, oral and written, with the ability to converse with a wide variety of people across functions / seniority
------------------------------------------------------
Job Family Group:
Product Management and Development------------------------------------------------------
Job Family:
Product Performance Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$200,000.00 - $300,000.00
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.
------------------------------------------------------
Anticipated Posting Close Date:
Jul 09, 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.
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 reviewAccessibility at Citi.
View the "EEO is the Law" poster. View theEEO is the Law Supplement .
View theEEO Policy Statement .
View thePay Transparency Posting
