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Senior Vice President, Enterprise Risk Management

2 months ago


New York, New York, United States Citigroup Inc Full time

Senior Vice President, Enterprise Risk Management & Balance Sheet Oversight

Hiring Manager: Priyanka Rauta

U.S. Personal Banking (USPB) represents a significant segment of Citi's operations. The In-Business Credit & Franchise Risk Organization within USPB is tasked with overseeing the credit and franchise risks associated with the USPB sector. The leader of this division reports directly to the CEO of USPB.

Within the In-Business Credit & Franchise Risk Organization lies the Enterprise Risk and Balance Sheet Management team. This group is charged with implementing Enterprise Risk Management (ERM) initiatives, which encompass Risk Identification, Risk Appetite & Limits, New Activities/Product Risk, ERM Risk Monitoring, and the execution of frameworks. Additionally, the team manages Balance Sheet constraints, including capital-based risk appetite limits and Risk Weighted Assets (RWA).

This position is integral to the Retail Credit Limit Management & Balance Sheet Management Team. The individual in this role will engage in critical analyses and spearhead initiatives that contribute to the effective management of balance sheet constraints.

Key Responsibilities

The selected candidate will be a vital asset in executing or supporting the following duties:

  • Monitor RWA & GSIB, formulate remediation strategies for potential RWA excesses relative to the approved business plan, and oversee RWA limit breach escalation in accordance with policy.
  • Collaborate with finance and business partners to establish a robust in-business RWA forecasting methodology.
  • Conduct stress loss forecasting based on CCAR and other internal stress testing scenarios that align with the firm's risk appetite framework and strategic objectives.
  • Analyze the factors contributing to capital-based stress losses and RWA, recommending metrics and leading indicators to monitor these drivers across the retail risk portfolio.
  • Develop a USPB Balance Sheet Optimization framework that adheres to all capital-based binding constraints.
  • Create presentations with supporting analyses, summarizing results for senior and executive management teams.

Qualifications

  • A minimum of 6 years of experience in financial services or management consulting, with a strong emphasis on risk management.
  • Proficient understanding of Credit Cards and other consumer banking products, including P&Ls, key risk & return dynamics, and loss drivers.
  • Solid grasp of Capital and Balance Sheet Management, CCAR & CECL frameworks, and Basel III Endgame.
  • Hands-on experience in retail credit risk analytics utilizing analytical or data management tools (e.g., SAS, SQL, VBA, Advanced Excel) along with strong presentation skills.
  • Exceptional quantitative and analytical abilities, with a knack for identifying trends, insights, and conducting risk/reward trade-off analyses.

Leadership Competencies

  • A proven track record of driving change and achieving results.
  • Ability to effectively resolve complex and ambiguous challenges.
  • Collaborative approach, effectively engaging with partners across various organizational levels.
  • Contributes positively to the work environment and maintains composure under pressure.
  • Consistently demonstrates clear and concise written and verbal communication skills.

Education

  • Bachelor's/University degree required.
  • Preferred Master's degree in quantitative fields such as Financial Engineering, Operations Research, Econometrics, or a related quantitative discipline; OR an MBA in Finance.

Job Family Group: Risk Management

Job Family: Regulatory Risk

Time Type: Full time

Compensation: Competitive salary and benefits package available.

Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.