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VP Credit Portfolio Risk Manager Loss Forecasting


Description

Position Summary

Branded Cards North America (N.A.) is the market leader in the credit card industry. With a pre-eminent global brand and distribution, Branded Cards N.A. maintains its leadership position by delivers industry-leading products, advanced services and payment systems that address clients’ evolving needs.

Integral to Citi Cards’ success is the introduction of innovative products and solutions through strong partnerships and dedicated employees who are committed to excellence. Attracting market-leading talent is a priority at Citi Cards N.A., and the combination of financial strength and broad product scope provides rewarding opportunities for outstanding professionals to excel in a dynamic organization.

The Credit & Portfolio Risk Manager will play a critical role on the Loss Forecasting team for US Branded Cards. This individual is responsible for understanding portfolio credit risk & macro-economic correlations to forecast net credit losses. Responsible for providing management updates on changes to the forecast and understanding variances to prior forecasts and plan. Will work to improve forecasting capabilities and enhance the loss forecasting process. Works with Operations, Collections Policy, Risk Policy, Finance, and LLR teams.

Key Responsibilities

• Understand the key components that drive credit losses, i.e. contractual, bankruptcy, economic, recoveries, purification, etc.
• Provide a GAAP view of the forecast and support LLR team
• Coordinate with Collection Planning regarding capacity planning & Recovery teams to project asset sales and collections
• Work with Finance regarding key loan hand-off’s & coordinate review of the forecasts
• Provide Risk Management the most recent outlook that includes the latest actuals and key drivers to changes in the forecast.
• Provide qualitative reasoning regarding CCAR stress results.
• Compose and develop Loss Forecast documentation for review with Brands & Global Risk Management.

Qualifications

Qualifications

• Card experience with compiling data - SAS / Citi EDW
• Strategic thinking coupled with ability to drive change end to end from Concept to Execution
• Self starter who proactively seeks ways to improve status quo
• Strong understanding of Risk Management and Financial Statements (P&L, Balance Sheet)
• Ability to understand & work with complex data to formulate a view of the card business that can be actioned by management. This requires strong analytical, communication, and project management skills. The position also requires the ability to work with all levels within the organization to drive projects to completion.



Skills/Requirements:

Bachelor's Degree


Job ID: 14054300
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