Capital Risk Analytics Senior Lead Analyst - C14/SVP - NEW YORK

The Capital Management team within Citi Treasury is responsible for all aspects of capital analysis, forecasting, and planning for Citi, including the firm’s capital ratios; Risk Weighted Assets (RWA); and Comprehensive Capital Analysis and Review (CCAR). The organization spans the full capital planning continuum, with the Head of Capital reporting to the Citi Treasurer.

Within Capital Management is the Capital Risk Analytics (CRA) function, which is responsible for three key aspects of capital planning: 1) understanding, contextualizing, aggregating, synthesizing and reporting key Assumptions, material model Limitations and Weaknesses (collectively, ALWs) across Citi’s capital planning processes, with a specific and immediate focus on the Quarterly Multi-Year Multi-Scenario Forecasting and CCAR; 2) ensuring sufficient quality assurance and other compensating controls are in place to mitigate the impact of any such key Limitations and Weaknesses; and 3) conducting analysis to allow for a deeper understanding of the drivers underlying the firm’s financial forecasts across businesses, functions, and product areas.   

This role will support the Firmwide CRA function by leading the execution of the Weaknesses pillar of the Assumptions, Limitations and Weaknesses (ALW) Framework as part of the quarterly Capital Adequacy Assessment process. This role will be responsible for the assessment for Weaknesses impacting capital adequacy from (i) Spot RWA quality assurance testing; (ii) Level 1 and Level 2 outstanding Issues; (iii) governance activities performed by Financial Forecasting Workstreams (self-assessments, review of challenge results, review of adherence to policies, standards and procedures); (iv) FR Y-14 quality assurance activities; and other Workstream-specific issues which arise during the quarterly forecasting and/or annual Citi/CBNA's Capital Plans production cycle which warrant consideration as a Weakness.

This role will also be involved in recommending solutions to the relevant Weaknesses in the control environment currently present in Citi's QMMF and CCAR processes. The candidate will partner with the Assumptions & Limitations Leads to articulate the compensating controls necessary to ensure overall soundness and adequacy of Citi's capital planning. This role will make recommendations to management for improvements to the QMMF and CCAR production processes, and coordinate with Capital Management, Treasury, CCAR workstreams and 2ND line of defense to ensure the discovered issues are appropriately prioritized and addressed.

This role provides significant exposure to senior management, and partners extensively with colleagues across Finance; the CCAR workstreams; technology and data governance teams; 2nd line of defense functions including the Capital Planning Review Group; and all business lines. Ability to work under pressure to meet tight deadlines and excellent interpersonal skills are required given the high level of interaction with senior managers, auditors and other stakeholders throughout the firm.

Responsibilities:

• Supporting the Firmwide CRA function to “tell the story” as to how and why Citi can take confidence in its capital planning processes and outputs, and how those processes can improve over time, particularly as they relate to the compensating controls necessary to mitigate the risk of control weaknesses found in the current process
• Delivering thought leadership and supporting the implementation of changes, as necessary, to enhance Citi’s capital planning processes and satisfy evolving regulatory developments
• Enabling continuous improvement by partnering with Workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps in compensating controls
• Partnering across Capital Management to communicate the compensating controls that ensure overall soundness and adequacy of Citi’s capital
• Create relevant, synthesized, and Senior-level materials (e.g., for the Capital Committee and the Board of Directors, Internal Audit, and regulators) to transparently communicate key ALWs and associated compensating controls
• Developing a strong working relationship with process owners across the organization in support of their individual responsibilities and in support of creating a holistic framework in which the firm executes its collective capital planning responsibilities

Qualifications:

• Strong background in public accounting or internal audit, with demonstrated understanding of internal controls.
• Strong audit instincts and ability to apply independent judgment to historical business practices, with a proven ability and willingness to challenge the status quo.
• Exceptional communication skills, including well-developed verbal, written and presentation skills. M