VP, Risk Policy Officer - C13

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi’s Mission and Value Proposition explains what we do, and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

The Risk Policy Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. This role reports to the Retail Workstream CCAR Office (RWCO) Analysis team & Sr. Management reporting lead within the Global Consumer Independent Risk Management organization. The position is responsible for critical activities related to Citi's capital planning and stress testing, particularly overseeing key areas under the Retail workstream within the Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Tests (DFAST) regulatory initiatives.

Responsibilities:

• Provide Independent Risk review and challenge of CCAR loss forecasts provided by businesses/first line teams.
• Coordinate on-going performance monitoring of models, lead reviews and oversee MIS generation.
• Analyze OPA MIS/results and highlight results to first line, in-business teams and Independent Risk Model Oversight.
• Responsible for model documentation, model renewal, back-testing, monitoring and governance of global CCAR models.  
• Analyze business Outlook overlays and coordinate integration of QMMF and Outlook integration
• Implement model overlay policies and guidelines for CCAR processes.  
• Coordinate macro variable (MEV) sensitivity and Enterprise Climate Risk stress test process.
• Prepare senior management reports for model results, overlays, Climate Risk and MEV sensitivity analysis and on-going model performance monitoring reviews.
• Responsible for Champion/Challenger/Benchmark model results review and analysis.
• Manage team automating model forecast analysis and on-going model performance MIS by creating/maintaining tools to increase the efficiency.

Qualifications:

• 6 - 10 years of experience in Analytics/ Management Reporting will be desirable.
• At least 2/3 years of experience working with Loss forecast models (development/implementation/model monitoring)
• Experience in report consolidation/building MIS is required.
• Experience in in-business Risk or Independent Risk Management is desirable.
• Excellent presentation skills – adept at presenting effectively to audiences of various levels of seniority, technical/non-technical backgrounds and adapting style as necessary
• Experience working in regulatory reporting, review and challenge of forecast results and ongoing model performance monitoring is desirable.
• Knowledge of consumer risk management policies and procedures is preferable.
• Extensive knowledge in using MS Excel including all Excel functions and MS Office tools
• Working knowledge in Tableau is preferable

Education:

• Bachelor’s/University degree, Master’s degree in finance or economics or statistics is preferred

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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:

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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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