The Risk Appetite and Limits (RAL) team is part of Citi's Enterprise Risk Management organization. The team is responsible for the design and implementation of Citi's risk appetite framework and limit management framework. The Business Risk and Control Sr Officer will be part of the RAL Financial Risks team, focusing on the development and enhancement of Citi's risk appetite process and limit governance for financial risk categories (e.g., wholesale, market risk trading, retail, liquidity, etc.).
Responsibilities of this role include:
Enhance stress loss limit calibration methodology and limit management procedure, for both Citigroup and CBNA
Enhance stress loss limit harmonization guideline and limit cascading methodology to businesses and lower-level products/portfolios, work with risk categories to setup more stress loss limits for BAU risk management (e.g., country, concentration, industry, etc.)
Develop stress loss projection guidance for Strategic and Operating Plan, collaborate with Finance, Business and Risk stakeholders to enhance necessary policy/procedures, methodologies and processes to align Operating Plan, Capital Plan and stress loss limit setting
Develop guideline to demonstrate stress loss limit setting is aligned with the firm's risk appetite level for financial risk categories
Qualifications:
Familiarity with limit management policy, process and framework.
Familiar with financial risk category limit calibration and allocation methodology, particularly in either Wholesale, Retail, Market Risk Trading or non-trading market risk, ideally in multiple risk areas.
Familiar with stress testing methodology and stress-testing-based limit framework and management
Familiar with capital planning and Operating Planning process and process to alignment these processes with Risk limit setting
10+ years financial industry experience, either in 1LOD or 2LOD, with prior responsibility either in business limit setting, management, or in capital planning or financial planning
Bachelors or Masters degree preferred
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Business Risk & Control------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Tampa Florida United States------------------------------------------------------
Primary Location Full Time Salary Range:
$130,880.00 - $196,320.00
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:
Jan 22, 2025------------------------------------------------------
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