Citigroup Inc
Securitization Lead, CCAR & RWA, Capital Planning - C13
Citigroup Inc, Kew Gardens, New York, United States, 11415
Join the Citi’s Capital Planning & Forecasting team to support its regulatory capital for Securitization exposures (Comprehensive Capital Analysis and Review aka CCAR and Dodd-Frank Act Stress Test aka DFAST efforts) in response to the Fed and OCC guidelines including playing an active role with Citi’s model risk governance framework. This role will offer significant exposure to senior management and broad leadership accountability on aspects of the firm's capital adequacy and stress-testing activities as they relate to Securitization exposures RWA both in terms of RWA actuals and forecasting. The role will collaborate extensively with colleagues across risk, finance, model development, model validation and line of business functions on the capital stress testing processes. This role will require stewardship on driving the new Securitization requirements and CCAR RWA forecasting. Excellent interpersonal skills are required given the high level of interaction with senior members, as well as the ability to work under pressure to meet tight deadlines. Strong analytical skills with robust product knowledge of Securitization products are preferred.
The role will be responsible for
Ensure clear understanding and manage Citi’s compliance to the strategic design and implementation of the Securitization rules by partnering with Treasury, Finance, lines of Business, Model Risk Management, Finance and Risk Infrastructure and Technology
Refining existing methodologies and introducing sophisticated techniques for RWA projections of Securitization RWA estimation based on both existing as well as upcoming regulatory rules
Act as a sponsor, substantively manage and coordinate the end-to-end model lifecycle requirements as it pertains to the Securitization RWA components
Manage, contribute to, and coordinate either across functions or within Risk for RWA Actuals and Forecasting Methodologies and Documentation, including the remediation plans as needed
Partnering with QRS, MRM to develop and manage quantitative analysis to support Citi’s compliance to the Securitization RWA actuals and forecasting rules and regulations
Review Securitization RWA risk exposure calculations for Basel, CCAR and DFAST requirements. Define and establish attribution analysis for analyzing the changes in forecasted RWA changes with respect to major risk factors
Contribute to the creation of Senior Management-ready materials, particularly CCAR and Internal planning presentations to Lines of Businesses, Independent Risk Management, Finance and Regulators
Work across the firm to interpret Securitization regulations, drive change and influence risk and regulatory outcomes for RWA Actuals and Forecasts
Understand the linkages and interconnectivity between macroeconomic and dependent variables and RWA forecasting models
Develop a strong working relationship with Finance, Front Office, Treasury, Technology, Audit, Independent risk and other counterparts across the organization
Engage with Regulators to explain results, analysis and high-level methodologies employed for stress testing
Identify potential process improvements and capabilities to increase consistency, transparency, and reliability of stress testing results.
CANDIDATE QUALIFICATIONS
Bachelors degree in finance, accounting or related area
5+ years of experience in related field
Comprehensive understanding of Securitization RWA capital rules and regulations, CCAR requirements and processes –abreast with the upcoming Securitization rules, latest CCAR guidelines, understanding the data, oversee the submissions, synthesize the submissions, coordinating with other work streams highly preferred
Knowledge of Basel International framework and US Final Basel requirements specifically for Securitization exposures preferred
Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls, and think both strategically and tactically while driving meticulous execution
Exceptional oral communication and writing skills, with ability to synthesize complex concepts, and translate into "user-friendly" language for multiple audiences, including senior management, multiple internal constituents and regulators
Ability to manage multiple priorities and tasks, work well as part of a team, and exhibit strong people and influencing skills
Expertise in CCAR clearly a plus, but if not, sufficient expertise in managing a similar stress testing regime or proven ability to quickly come up to speed in managing a complex financial reporting process of comparable in complexity to CCAR
Strong attention to detail, willingness to "roll up sleeves" and produce a polished, high quality, accurate product; strong work ethic with ability to work well under pressure
Solid Microsoft Excel skills and the ability to quickly develop advanced knowledge of MS Excel and Access (or other database front-end query applications).
Job Family Group:
Finance
Job Family:
Balance Sheet Management
Time Type:
Full time
Primary Location:
Long Island City New York United States
Primary Location Full Time Salary Range:
$142,320.00 - $213,480.00
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:
Sep 12, 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 review
Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)
.
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .
View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
The role will be responsible for
Ensure clear understanding and manage Citi’s compliance to the strategic design and implementation of the Securitization rules by partnering with Treasury, Finance, lines of Business, Model Risk Management, Finance and Risk Infrastructure and Technology
Refining existing methodologies and introducing sophisticated techniques for RWA projections of Securitization RWA estimation based on both existing as well as upcoming regulatory rules
Act as a sponsor, substantively manage and coordinate the end-to-end model lifecycle requirements as it pertains to the Securitization RWA components
Manage, contribute to, and coordinate either across functions or within Risk for RWA Actuals and Forecasting Methodologies and Documentation, including the remediation plans as needed
Partnering with QRS, MRM to develop and manage quantitative analysis to support Citi’s compliance to the Securitization RWA actuals and forecasting rules and regulations
Review Securitization RWA risk exposure calculations for Basel, CCAR and DFAST requirements. Define and establish attribution analysis for analyzing the changes in forecasted RWA changes with respect to major risk factors
Contribute to the creation of Senior Management-ready materials, particularly CCAR and Internal planning presentations to Lines of Businesses, Independent Risk Management, Finance and Regulators
Work across the firm to interpret Securitization regulations, drive change and influence risk and regulatory outcomes for RWA Actuals and Forecasts
Understand the linkages and interconnectivity between macroeconomic and dependent variables and RWA forecasting models
Develop a strong working relationship with Finance, Front Office, Treasury, Technology, Audit, Independent risk and other counterparts across the organization
Engage with Regulators to explain results, analysis and high-level methodologies employed for stress testing
Identify potential process improvements and capabilities to increase consistency, transparency, and reliability of stress testing results.
CANDIDATE QUALIFICATIONS
Bachelors degree in finance, accounting or related area
5+ years of experience in related field
Comprehensive understanding of Securitization RWA capital rules and regulations, CCAR requirements and processes –abreast with the upcoming Securitization rules, latest CCAR guidelines, understanding the data, oversee the submissions, synthesize the submissions, coordinating with other work streams highly preferred
Knowledge of Basel International framework and US Final Basel requirements specifically for Securitization exposures preferred
Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls, and think both strategically and tactically while driving meticulous execution
Exceptional oral communication and writing skills, with ability to synthesize complex concepts, and translate into "user-friendly" language for multiple audiences, including senior management, multiple internal constituents and regulators
Ability to manage multiple priorities and tasks, work well as part of a team, and exhibit strong people and influencing skills
Expertise in CCAR clearly a plus, but if not, sufficient expertise in managing a similar stress testing regime or proven ability to quickly come up to speed in managing a complex financial reporting process of comparable in complexity to CCAR
Strong attention to detail, willingness to "roll up sleeves" and produce a polished, high quality, accurate product; strong work ethic with ability to work well under pressure
Solid Microsoft Excel skills and the ability to quickly develop advanced knowledge of MS Excel and Access (or other database front-end query applications).
Job Family Group:
Finance
Job Family:
Balance Sheet Management
Time Type:
Full time
Primary Location:
Long Island City New York United States
Primary Location Full Time Salary Range:
$142,320.00 - $213,480.00
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:
Sep 12, 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 review
Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)
.
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .
View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .
View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.