CitiGroup
US Residential Real Estate: Servicing Risk Management | Senior Vice President, T
CitiGroup, Wilmington, Delaware, us, 19894
Citi’s has one of 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 Senior Vice President-
Testing and Validation
Risk Management
Group Manager
is a senior management-level position that will be accountable for
a team of
ri
sk
p
rofessionals responsible for
(1)
Testing and Validation of
the
Risk oversight
activities related to
loans in default inventory including
Collections, Loss Mitigation,
Foreclosure, REO, Bankruptcy, SCRA
L
oss Recognition, Recovery
etc. (2) Business unit’s adherence with Citi policies
,
risk oversig
ht procedures
and applicable supervisory and regulatory guidelines.
You will work closely with the 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,
Quality Assurance,
Testing Methodologies,
supervisory guidelines, applicable regulations, and deep
expertise
in the mortgage default domain including
Collections, Loss Mitigation, Recovery,
Foreclosure, Bankruptcy, SCRA, REO etc., risk management in residential
real-estate
(mortgage, home-equity). 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-
servicer
.The
Senior Vice President-Testing and Validation Risk Management Group Manager
is responsible for
leading a team of professionals
responsible for
establishing
and maintaining a robust risk and control environment
through independent testing and validation of the risk strategies and
monitoring
activities
. Impact reflects strategic influence on the business and interaction with other functions or businesses.Responsibilities:Manages a team responsible for assessing risk
and effectiveness of Credit Risk processes and controls to ensure compliance with
Citi policies
,
applicable
r
egulations
and
risk o
versight procedures
, while responding to regulatory inquiries, other
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.
Engages in activities to provide independent compliance and operation risk oversight of the Credit Risk performance and any third party/vendor relationships in alignments with Global Policies and Standard Operating Procedures
.
Promotes a strong risk management culture and discipline.
Assists
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
.
Familiar with relevant laws, regulations, and best practices in mortgage servicing
.
Establish cross-functional partnerships and networks
in order 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:1
0
years of 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 consumer residential real estate market and regulatory management in the U.S.
Knowledge and
expertise
in
leading establishing and
maintaining
a robust
risk and controls
testing environment
, Residential Mortgage Servicing
including
the
Default Servicing Lifecycle
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.
Demonstrated ability to
establish
strong relationships with senior stakeholders and partner effectively with peers across functional areas and lines of business.
Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, Visio. Technical capabilities in SAS/Python/SQL considered a plus.
Tireless work ethic with ability to work well under pressure, with equanimity while managing a high volume of priorities and deliverables.
Education:Bachelor's degree/University degree or equivalent experience
Master's degree
preferred
------------------------------------------------------Job Family Group:Risk Management
------------------------------------------------------Job Family:Credit & Portfolio Risk Management
------------------------------------------------------Time Type:Full time
------------------------------------------------------Primary Location:Wilmington Delaware United States
------------------------------------------------------Primary Location Full Time Salary Range:$144,480.00 - $216,720.00In 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:Sep 17, 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
.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
comprising
more than
$100 billion
in receivables. You will be joining the US RRE Servicing Risk team.The Senior Vice President-
Testing and Validation
Risk Management
Group Manager
is a senior management-level position that will be accountable for
a team of
ri
sk
p
rofessionals responsible for
(1)
Testing and Validation of
the
Risk oversight
activities related to
loans in default inventory including
Collections, Loss Mitigation,
Foreclosure, REO, Bankruptcy, SCRA
L
oss Recognition, Recovery
etc. (2) Business unit’s adherence with Citi policies
,
risk oversig
ht procedures
and applicable supervisory and regulatory guidelines.
You will work closely with the 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,
Quality Assurance,
Testing Methodologies,
supervisory guidelines, applicable regulations, and deep
expertise
in the mortgage default domain including
Collections, Loss Mitigation, Recovery,
Foreclosure, Bankruptcy, SCRA, REO etc., risk management in residential
real-estate
(mortgage, home-equity). 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-
servicer
.The
Senior Vice President-Testing and Validation Risk Management Group Manager
is responsible for
leading a team of professionals
responsible for
establishing
and maintaining a robust risk and control environment
through independent testing and validation of the risk strategies and
monitoring
activities
. Impact reflects strategic influence on the business and interaction with other functions or businesses.Responsibilities:Manages a team responsible for assessing risk
and effectiveness of Credit Risk processes and controls to ensure compliance with
Citi policies
,
applicable
r
egulations
and
risk o
versight procedures
, while responding to regulatory inquiries, other
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.
Engages in activities to provide independent compliance and operation risk oversight of the Credit Risk performance and any third party/vendor relationships in alignments with Global Policies and Standard Operating Procedures
.
Promotes a strong risk management culture and discipline.
Assists
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
.
Familiar with relevant laws, regulations, and best practices in mortgage servicing
.
Establish cross-functional partnerships and networks
in order 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:1
0
years of 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 consumer residential real estate market and regulatory management in the U.S.
Knowledge and
expertise
in
leading establishing and
maintaining
a robust
risk and controls
testing environment
, Residential Mortgage Servicing
including
the
Default Servicing Lifecycle
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.
Demonstrated ability to
establish
strong relationships with senior stakeholders and partner effectively with peers across functional areas and lines of business.
Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, Visio. Technical capabilities in SAS/Python/SQL considered a plus.
Tireless work ethic with ability to work well under pressure, with equanimity while managing a high volume of priorities and deliverables.
Education:Bachelor's degree/University degree or equivalent experience
Master's degree
preferred
------------------------------------------------------Job Family Group:Risk Management
------------------------------------------------------Job Family:Credit & Portfolio Risk Management
------------------------------------------------------Time Type:Full time
------------------------------------------------------Primary Location:Wilmington Delaware United States
------------------------------------------------------Primary Location Full Time Salary Range:$144,480.00 - $216,720.00In 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:Sep 17, 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
.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