ICAAP Manager – Tier 3&4 Entities

Are you looking for a career move that will put you at the heart of a leading financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Capital Management Entity & Business Decision Support Team.

By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The Capital Management Entity & Business Decision Support team will work closely across International Treasury, other Finance and Legal Entity (LE) teams to drive the broader capital efficiency and planning efforts of the firm for International legal entities subject to local country regulations. The team is responsible for the long-term capital strategy for International LE’s, targeted optimization of Group invested capital, consistent approach to capital management globally ensuring consistent frameworks are applied globally for local entity capital structures, capital repatriation considerations and forecasting for local regulatory requirements in the countries. Working with BSM and Tax, the team will define and implement capital structure efficiencies, identify strategies to optimize use in local subsidiaries and improve the effective tax rate for the firm.

As a senior professional you will be responsible for driving the oversight of ICAAP submissions for the Internationally regulated Material Legal Entities. You will take responsibility for the oversight of ICAAP outcomes and play a key role in identifying thematic optimization opportunities as it relates to the production process, quantitative modelling outcomes, controls and US prudential alignments. In this role you are also expected to provide expert guidance matters of policy interpretation, best practice, training and leadership to the wider team as it relates to Global ICAAP activity for all entities. Identify any potential read-across benefits to the capital management framework in the ordinary course of business.

What you’ll do

Collaborate across a variety of functions, primarily in Finance and Risk, to oversee compliance and optimization of the ICAAP capabilities for Tier 3&4 entities.

Strategic Support

• Collaborate with the wider team to consolidate across functions, legal entities and regulatory jurisdictions in identifying thematic opportunities to improve Citi’s capital efficiency around the Internationally Regulated Entities.

• Contribute to the initiative across the ICAAP team to maximise best practice in governance, controls, process efficiency and quantitative modelling to protect the safety and soundness of Citi’s legal entities around the world in a manner than is structurally optimized for the Group.

• Cooperate with Balance Sheet Management and Liquidity Management functions in Citi Treasury to design a consistent approach to Treasury owned aspects of ICAAP (IRRBB and Liquidity / Funding risk) to be implemented across Citi ICAAP banks.

• Support the continuous improvement of Citi’s Policy suite as it relates to ICAAP through a collaborative firmwide consultation and deliver a robust control framework design for the ongoing oversight of Legal Entity policy compliance.  Identify thematic items with regard to Issues, Models, Regulatory feedback, Audit items and other control matters for the wider benefit of the international network.

Stakeholder Management

• Become a SME to senior stakeholders and team members including timely and effective escalation. Engage stakeholders including project sponsors and project managers, country CFOs/Controllers, CROs/Risk, regional managers, and Technology seniors.

• Be a team member, sharing best practice and learnings to contribute to the holistic understanding of the team.

• Build and participate in training for legal entities in respect of aspects of the Global ICAAP Standard and associated controls.

What we’ll need from you

• Bachelor's degree in Finance or Accounting or related field preferred.

• 8+ years of experience in Finance including ICAAP delivery.

• Must have advanced analytical skills but also the ability to see the big picture.

• Excellent communication skills in English are imperative i.e. ability to make complex subjects easily digestible for senior management. Strong writing skills.

• Exercises proven Power Point and Excel skills.

• Capability to multitask in a fast-paced environment. Ability to interact with all levels of management.

• Ability to understand and challenge base and stress balance sheet, P&L and Pillar 1 and 2 risk numbers, capital planning and balance sheet modelling, risk appetite and reverse stress testing.

• An understanding of Global regulatory landscape and current developments (e.g. PRA and EBA Stress Testing, Pillar 2,) with a working knowledge for other markets

What we can offer you

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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