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The Capital Planning Review Group (“CPRG”) within Finance CRO is responsible for the independent review and challenge of Citigroup’s capital planning continuum, including actual and forecasted Risk Weighted Assets (“RWA”).CPRG has created a new RWA Office to establish comprehensive, end-to-end oversight of the RWA actuals production process by the second line of defense. This is an essential function to achieve and maintain the requisite level of accuracy and reliability throughout the end-to-end RWA production process led by Capital Planning in Citigroup Treasury.Within the RWA Office, the RWA Review Team is being established to expand and complete the scope of the second line of defense oversight of the RWA production process. The RWA Review Team will consist of a RWA Transaction Testing and Analytics Team and a RWA Controls Assessment and Review team.The RWA Transaction Testing and Analytics Team will partner with members of the Capital Planning Quality Assurance (“CPQA”) team to design and implement a comprehensive transaction testing framework through which Capital Planning and the RWA Review Team can gain confidence that the calculations of reported RWA actuals are performed at a level of accuracy that meets Citi’s standards and that any compensating measures are adequate.The Derivatives Counterparty Credit Risk (CCR) RWA Specialist will be responsible for establishing testing procedures and leading the transaction testing of Citi’s derivatives counterparty credit risk RWA, including the Basel SA-CCR implementation verification activities, by the 2nd line of defense.This is a high visibility role that will provide significant exposure to senior management in Independent Risk Management, Finance and Business units. The ability to work under pressure to meet tight deadlines and excellent interpersonal skills are required.Reporting Structure and ResponsibilitiesThe Derivatives Counterparty Credit Risk RWA Specialist will be responsible for:Leading the transaction testing activities for Derivatives Counterparty Credit Risk RWA performed by the Credit Risk RWA Review Team within the RWA Transaction Testing and Analytics Team
Developing and implementing an approach for execution of a comprehensive plan for RWA transaction testing and technology/systems testing and verification to ensure the accuracy and reliability of reported RWA actuals for Derivatives Counterparty Credit Risk RWA, and the adequacy of compensating measures
Assisting the Head of the RWA Transaction Testing and Analytics Team in establishing a Credit Risk Review Team with Basel RWA subject matter expertise to expand the scope of the newly initiated transaction testing program for both SA RWA and AA RWA through: i) the independent review and challenge of the transaction testing work product prepared by CPQA and ii) the direct re-performance of RWA calculations across Basel exposure types
Assisting the Head of the RWA Transaction Testing and Analytics Team in the initial hiring and training of new staff members, including the Credit Risk RWA Review team
Supporting the Head of the RWA Transaction Testing and Analytics Team in communicating to senior management and the banking regulators the actions planned and the improvements achieved in the RWA actuals production process
Developing a strong working relationship with the Capital Planning process owners, including the CPQA team and the Spot RWA Production team, the CIAT team (Regulatory Capital Analysis and Interpretation Team) in the RWA Office, to improve effectiveness and efficiency of the oversight of the RWA actuals production process
QualificationsStrong understanding of Basel regulations with a background in derivatives counterparty credit risk RWA is required
Previous experience in Controllers or Audit functions (or experience leading RWA production of Derivatives Counterparty Credit Risk RWA, including SA-CCR implementation experience) is preferred
Excellent leadership and managerial skills
Strong communication skills, including well-developed verbal, written and presentation skills
Strong attention to detail with proven ability to explain complex concepts in simple terms to a senior audience
Minimum 10 years of proven experience in the financial services industry.
Strong audit instincts and ability to apply independent judgment to business practices, with a proven ability and willingness to challenge the status quo
A self-starter with ability to independently manage work and drive multiple deliverables concurrently
An undergraduate / Bachelors degree is required A MBA, CPA or CFA is preferred
Job Family Group:Risk ManagementJob Family:Regulatory RiskTime Type:Full timeCiti 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/OFCCPEEOSupplementFinalJRFQA508c.pdf) .View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeoaapolicy.pdf) .View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp%20EnglishformattedESQA508c.pdf)Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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