Hispanic Technology Executive Council
US Residential Real Estate: Servicing Risk Management | Vice President, Default
Hispanic Technology Executive Council, Wilmington, Delaware, us, 19894
Job DescriptionCiti 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-Default Risk Management
is an individual contributor risk management position responsible for:Risk oversight of loans in default inventory including Foreclosure, REO, Bankruptcy, SCRA, etc.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 Foreclosure, Bankruptcy, SCRA, REO, etc., as well as risk management in residential real estate (mortgage, home-equity). 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-Default Risk Management is responsible for determining the approach and executing functional strategy in the Default Risk Management area and is accountable for end-to-end results of the area(s) under coverage. Impact reflects strategic influence on the business and interaction with other functions or businesses.Responsibilities:Participate in the development and management of risk strategies, analytics, and oversight of activities across the Default Servicing lifecycle including pre-foreclosure, foreclosure, bankruptcy, REO, and other late-stage default populations (e.g., SCRS, litigation, etc.) for US Residential Real Estate Portfolios.Identify and escalate risk and control issues to control partners and senior leadership within the Risk Organization with transparency, in a timely fashion and in adherence to applicable policies and procedures.Interact with Audit and Risk Review personnel and with external regulators during their periodic reviews of the US RRE portfolio.Promote a strong risk management culture and discipline.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 (e.g., 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 (e.g., 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.Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, 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 .
#J-18808-Ljbffr
Vice President-Default Risk Management
is an individual contributor risk management position responsible for:Risk oversight of loans in default inventory including Foreclosure, REO, Bankruptcy, SCRA, etc.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 Foreclosure, Bankruptcy, SCRA, REO, etc., as well as risk management in residential real estate (mortgage, home-equity). 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-Default Risk Management is responsible for determining the approach and executing functional strategy in the Default Risk Management area and is accountable for end-to-end results of the area(s) under coverage. Impact reflects strategic influence on the business and interaction with other functions or businesses.Responsibilities:Participate in the development and management of risk strategies, analytics, and oversight of activities across the Default Servicing lifecycle including pre-foreclosure, foreclosure, bankruptcy, REO, and other late-stage default populations (e.g., SCRS, litigation, etc.) for US Residential Real Estate Portfolios.Identify and escalate risk and control issues to control partners and senior leadership within the Risk Organization with transparency, in a timely fashion and in adherence to applicable policies and procedures.Interact with Audit and Risk Review personnel and with external regulators during their periodic reviews of the US RRE portfolio.Promote a strong risk management culture and discipline.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 (e.g., 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 (e.g., 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.Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, 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 .
#J-18808-Ljbffr