Quality Assurance, Monitoring & Testing Lead Analyst, VP

Individuals in Quality Assurance, Monitoring & Testing are responsible for the assessment of outcomes from activities and processes against conformance with applicable requirements to strengthen risk management quality such as quality testing performed for business function quality control and transformation lead quality control post completion of an activity/process. This includes the development and execution of Monitoring and Testing for controls, such as control design assessment, design of operational effectiveness for monitoring & testing tools, monitoring/testing design assessment, and execution of monitoring/testing tools to assess the effectiveness of key controls designed to address defined risks.

The Rules Conformance team, part of Finance Quality Assurance Testing and Validation (QATV) team, assesses the accuracy of Citi’s implementation of the U.S. Basel regulatory requirements. The team verifies conformance to Citi’s interpretation and implementation of the U.S. Basel regulatory and reporting requirements. It also assesses business requirements, reporting logic, and the accuracy of specific data inputs required for risk-weighted assets (RWA) calculation for both credit and market risk. In addition, the team completes the cause for identified findings and works with RWA Controllers to develop action plans to remediate the underlying issues (including data) at the source. This role will support Spot RWA conformance testing, focusing on conducting rule-based testing to support, monitor, and assess the accuracy of Regulatory Capital and RWA calculation and adherence to reporting instructions. The role entails leading the team in developing test cases and test scripts, executing the tests, conducting root cause analysis on identified issues, and escalating potential problems. The Lead Analyst will also evaluate testing results to make recommendations to management for improvements to the RWA production process and coordinate with Capital Controllers leadership to ensure the identified issues are appropriately prioritized and remediated.

The Lead Analyst will partner extensively with colleagues across Finance, the RWA workstreams, technology, and front office business lines to develop and implement audit-style testing protocols to ensure the transparency and appropriateness of data inputs, calculation logic, and reporting of Spot RWA balances and ensure completeness and accuracy of testing results to senior management.

Lead Analyst Role and Responsibilities

• Support with exposures leads in developing and employing an “audit-style” approach to RWA testing across Credit and Market risk, to provide the necessary transparency and predictability to the Spot RWA calculation.
• Supporting the team to “tell the story” as to how and why Citi can take confidence in its RWA processes and outputs, and how those processes can improve over time.
• Delivering thought leadership and supporting the implementation of changes necessary to enhance Citi’s RWA production processes and satisfy evolving regulatory developments including criticisms articulated in the recent Consent Orders.
• Enabling continuous improvement by partnering with workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps with 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.
• Interacting closely with members across the organization in multiple locations on a regular basis.
• Performs ad-hoc tasks and functions as assigned.
• Has the ability to operate with a limited level of direct supervision.
• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing, and reporting control issues with transparency.

Qualifications 

• 8 -10+ years of relevant experience within financial services industry preferred.
• Strong analytical and critical thinking skills with background in internal audit or public accounting.
• Knowledge of and experience in interpreting and explaining BASEL Capital Rule and requirements including regulatory reports (e.g. FFIEC 101, FFIEC 102, FRY-9C).
• Strong audit instincts and ability to apply independent judgment to historical business practices, with a proven ability and willingness to challenge the status quo.
• Expertise in trading book products, with the ability to understand product-le