Hispanic Technology Executive Council
US Residential Real Estate: Servicing Risk Management | Vice President, Testing
Hispanic Technology Executive Council, Wilmington, Delaware, us, 19894
Citi has one of the largest US bank-owned residential real estate portfolios (US-RRE) comprising more than $100 billion in receivables. You will be joining the US RRE Servicing Risk team.The
Vice President-Testing and Validation
is an individual contributor risk management position responsible for testing and validation for (1) Collections & Loss Mitigation strategies and Risk oversight of the Mortgage Default Portfolios (2) Decision sciences in collections and loss-mitigation including segmentation, scorecards, & supporting tools, and related risk execution (3) Oversight of the business units' adherence with Citi policies and applicable supervisory and regulatory guidelines. You will work closely with stakeholders in risk management, policy, independent risk, mortgage-servicing legal & compliance areas supporting both US Personal Banking and Wealth divisions on an expansive set of portfolio objectives to deliver performance aligned with Citi's risk appetite framework.The role requires a strong understanding of the US residential real estate industry, mortgage servicing landscape, supervisory guidelines, applicable regulations, and deep expertise in the mortgage default domain including Collections, Loss Mitigation, Foreclosure, Bankruptcy, SCRA, REO, etc., risk management in residential real estate (mortgage, home-equity) and a solid understanding of Testing Methodologies. In addition, excellent communication skills are required to engage with, influence, and persuade key stakeholders internally, often at a senior level. The role may also require some external communication with regulators and sub-servicers.The Vice President-Testing and Validation is responsible for determining the approach and executing testing and validation strategies that drive a robust Risk and Control environment. Impact reflects strategic influence on the business and interaction with other functions or businesses.Responsibilities:Perform end-to-end testing and validation to assess the effectiveness of Credit Risk strategies, risk processes, and controls to ensure compliance with Citi policies, applicable regulations, and risk oversight procedures, while responding to regulatory inquiries, audits, and examinations.Identify and escalate risk and control issues to controls partners and senior leadership within the Risk Organization with transparency, in a timely fashion, and in adherence to applicable policies and procedures.Engage in activities to provide independent compliance and operational risk oversight of the Credit Risk performance and any third-party/vendor relationships in alignment with Global Policies and Standard Operating Procedures.Promote a strong risk management culture and discipline.Assist in the development of independent reporting for respective area(s) of coverage.Develop, track, and report on key initiatives, performance results, and emerging trends, analyzing risks, and ensure appropriate escalation and communication is provided to senior leadership.Familiarity with relevant laws, regulations, and best practices in mortgage servicing.Establish cross-functional partnerships and networks to support the execution of cross-functional business initiatives.Drive compliance with applicable laws, rules, and regulations, adhere to Policy, apply sound ethical judgment regarding personal behavior, conduct, and business practices, and escalate, manage, and report control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.Qualifications:6+ years of default strategy and/or risk management experience, ideally with a large bank mortgage portfolio or equivalent consumer credit portfolio management experience at a leading consumer financial institution with knowledge of the consumer residential real estate market and regulatory management in the U.S.Knowledge and expertise in holistic risk management (identification, measurement, monitoring), risk analytics, risk oversight in addition to default servicing (ex. foreclosure, bankruptcy) domain experience desired.Ability to navigate complex decisions and situations including engagement with various senior stakeholders (CRO, LOB CEOs, senior business representatives, and regulators).Strong, clear, concise written and verbal communication capabilities (ex. complex issues in concise executive summaries).Experience in leading highly visible, cross-line-of-business initiatives across multiple functions. The ability to work with a diverse group of stakeholders to achieve milestones and meet deadlines.Ability to work effectively on virtual teams, including across different geographies and time zones preferred.Demonstrated ability to establish strong relationships with senior stakeholders and partner effectively with peers across functional areas and lines of business.Demonstrated ability to synthesize, prioritize, and drive results with urgency.Strong knowledge and extensive experience with testing methodologies including testing plans, risk assessments, processes and controls design assessments, controls operating effectiveness testing, monitoring, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities.Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, and Visio. Technical capabilities in SAS/Python/SQL considered a plus.Education:Bachelor's degree/University degree or equivalent experience.Job Family Group:
Risk ManagementJob Family:
Credit & Portfolio Risk ManagementTime Type:
Full timePrimary Location:
Wilmington, Delaware, United StatesPrimary Location Full Time Salary Range:
$114,720.00 - $172,080.00In 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:
Aug 19, 2024Citi 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 .View the
EEO is the Law
poster. View the
EEO is the Law Supplement
. View the
EEO Policy Statement . View the
Pay Transparency Posting
.
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Vice President-Testing and Validation
is an individual contributor risk management position responsible for testing and validation for (1) Collections & Loss Mitigation strategies and Risk oversight of the Mortgage Default Portfolios (2) Decision sciences in collections and loss-mitigation including segmentation, scorecards, & supporting tools, and related risk execution (3) Oversight of the business units' adherence with Citi policies and applicable supervisory and regulatory guidelines. You will work closely with stakeholders in risk management, policy, independent risk, mortgage-servicing legal & compliance areas supporting both US Personal Banking and Wealth divisions on an expansive set of portfolio objectives to deliver performance aligned with Citi's risk appetite framework.The role requires a strong understanding of the US residential real estate industry, mortgage servicing landscape, supervisory guidelines, applicable regulations, and deep expertise in the mortgage default domain including Collections, Loss Mitigation, Foreclosure, Bankruptcy, SCRA, REO, etc., risk management in residential real estate (mortgage, home-equity) and a solid understanding of Testing Methodologies. In addition, excellent communication skills are required to engage with, influence, and persuade key stakeholders internally, often at a senior level. The role may also require some external communication with regulators and sub-servicers.The Vice President-Testing and Validation is responsible for determining the approach and executing testing and validation strategies that drive a robust Risk and Control environment. Impact reflects strategic influence on the business and interaction with other functions or businesses.Responsibilities:Perform end-to-end testing and validation to assess the effectiveness of Credit Risk strategies, risk processes, and controls to ensure compliance with Citi policies, applicable regulations, and risk oversight procedures, while responding to regulatory inquiries, audits, and examinations.Identify and escalate risk and control issues to controls partners and senior leadership within the Risk Organization with transparency, in a timely fashion, and in adherence to applicable policies and procedures.Engage in activities to provide independent compliance and operational risk oversight of the Credit Risk performance and any third-party/vendor relationships in alignment with Global Policies and Standard Operating Procedures.Promote a strong risk management culture and discipline.Assist in the development of independent reporting for respective area(s) of coverage.Develop, track, and report on key initiatives, performance results, and emerging trends, analyzing risks, and ensure appropriate escalation and communication is provided to senior leadership.Familiarity with relevant laws, regulations, and best practices in mortgage servicing.Establish cross-functional partnerships and networks to support the execution of cross-functional business initiatives.Drive compliance with applicable laws, rules, and regulations, adhere to Policy, apply sound ethical judgment regarding personal behavior, conduct, and business practices, and escalate, manage, and report control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.Qualifications:6+ years of default strategy and/or risk management experience, ideally with a large bank mortgage portfolio or equivalent consumer credit portfolio management experience at a leading consumer financial institution with knowledge of the consumer residential real estate market and regulatory management in the U.S.Knowledge and expertise in holistic risk management (identification, measurement, monitoring), risk analytics, risk oversight in addition to default servicing (ex. foreclosure, bankruptcy) domain experience desired.Ability to navigate complex decisions and situations including engagement with various senior stakeholders (CRO, LOB CEOs, senior business representatives, and regulators).Strong, clear, concise written and verbal communication capabilities (ex. complex issues in concise executive summaries).Experience in leading highly visible, cross-line-of-business initiatives across multiple functions. The ability to work with a diverse group of stakeholders to achieve milestones and meet deadlines.Ability to work effectively on virtual teams, including across different geographies and time zones preferred.Demonstrated ability to establish strong relationships with senior stakeholders and partner effectively with peers across functional areas and lines of business.Demonstrated ability to synthesize, prioritize, and drive results with urgency.Strong knowledge and extensive experience with testing methodologies including testing plans, risk assessments, processes and controls design assessments, controls operating effectiveness testing, monitoring, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities.Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, and Visio. Technical capabilities in SAS/Python/SQL considered a plus.Education:Bachelor's degree/University degree or equivalent experience.Job Family Group:
Risk ManagementJob Family:
Credit & Portfolio Risk ManagementTime Type:
Full timePrimary Location:
Wilmington, Delaware, United StatesPrimary Location Full Time Salary Range:
$114,720.00 - $172,080.00In 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:
Aug 19, 2024Citi 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 .View the
EEO is the Law
poster. View the
EEO is the Law Supplement
. View the
EEO Policy Statement . View the
Pay Transparency Posting
.
#J-18808-Ljbffr