Vice President, USPB Enterprise Risk & Balance Sheet Management - Hybrid

Vice President, USPB Enterprise Risk & Balance Sheet Management

Hiring Manager: Priyanka Rauta

U.S. Personal Banking (USPB) is a major business at Citi.  The In-Business Credit & Franchise Risk Organization within USPB is responsible for managing the credit and franchise risk of the USPB business. The Head of In-Business Credit & Franchise Risk reports to the CEO of USPB.

One of the groups within In-Business Credit & Franchise Risk Organization is Enterprise Risk and Balance Sheet Management. This group is responsible for executing Enterprise Risk Management (ERM) programs including Risk Identification, Risk Appetite & Limits, New Activities/Product Risk, ERM Risk Monitoring and framework execution. The team is also responsible for managing Balance Sheet constraints including capital-based risk appetite limit and Risk Weighted Assets (RWA).

This role is part of the Retail Credit Limit Management & Balance Sheet Management Team. This individual will be working on key analysis and driving key initiatives contributing to the successful management of balance sheet constraints.

Responsibilities

The candidate will be a key resource to perform or support the following responsibilities:

• Monitor RWA & GSIB, develop remediation plans for potential RWA excesses against the approved business plan, and manage RWA limit breach escalation per policy.  
• Liaise with finance and business partners and help develop robust in-business RWA forecasting methodology.
• Perform stress loss forecasting based on CCAR and other internal stress testing scenarios consistent with firm’s risk appetite framework and strategic plans.
• Evaluate drivers of capital-based stress losses, RWA (risk weighted asset) and recommend metrics and leading indicators to track drivers across retail risk pool.
• Develop USPB Balance Sheet Optimization framework within all the capital based binding constraints.
• Build presentations with supportive analysis, storyboard results for senior management & executive management team.

Qualifications

• 6 years of work experience in financial services or management consulting with heavy focus on risk management
• Working knowledge of Credit Cards and other consumer bank products P&Ls, key risk & return dynamics and loss drivers.
• Good understanding of Capital and Balance Sheet Management, CCAR & CECL framework, Basel III Endgame
• Hands on experience in retail credit risk analytics using analytical or data management tools (e.g., SAS, SQL, VBA, Advanced Excel) and power-point presentation skills.
• Excellent quantitative and analytical skills, ability to derive trends, insights, and perform risk/reward trade-off analysis

Leadership Competencies

• Demonstrated history of driving change and managing for results.
• Efficiently solves complex, ambiguous problems / situations.
• Collaborative work style; effectively interacts with partners across organizational boundaries and hierarchies.
• Contributes to a positive work environment and remain calm under pressure.
• Consistently demonstrate clear and concise written and verbal communication.

Education

• Bachelor’s/University degree
• Preferred Master’s degree in quantitative disciplines such as Financial Engineering, Operation Research, Econometrics, or similar quantitative discipline; OR MBA Finance

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Job Family Group:

Risk Management

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Job Family:

Regulatory Risk

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$142,320.00 - $213,480.00

In 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