VP - Enterprise Risk & Stress Testing Officer (Taguig) - HYBRID

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as Vice President, Enterprise Risk & Stress Testing Officer – Hybrid (Internal Job Title: Regulatory Risk Officer - C13) based in Taguig City.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

In this role, you’re expected to

The Risk Data, Analytics, Reporting & Technology (DART) function is responsible for (i) supporting intelligent risk decisions and proactive management of Citi’s risks across the enterprise, (ii) delivering risk information and analysis to help risk managers and senior management navigate complex risks and regulatory landscape, (iii) providing deep expertise in risk data and dimensions in the development and production of reports and analytics (iv) designing policies, define leading practices and innovate technological tooling in performance of risk data governance and strategy roles. 

Reporting & Analytics – Enterprise Risk & Stress Testing team within DART is responsible for supporting legal entity Risk Management Country Officers (RMCO) to deliver Internal Capital Adequacy Assessment Process (ICAAP) and other local entity regulatory stress testing requirements, such as climate risk. This role supports RMCOs in Asia North and Australia, Asia South, and Japan clusters.

The candidate will have the unique opportunity to work in a fast-paced environment and contribute significantly to various enterprise stress testing initiatives critical to Citi’s regulatory compliance and risk management framework.

Key Responsibilities

The Enterprise Risk & Stress Testing Officer’s key responsibilities are as follows.

Stakeholder Management

• Understand and maintain routine and ad hoc country and legal entity stress testing requirements in the clusters
• Support the delivery of analytical support for scenario design, stress loss, and economic capital where needed, in collaboration with other DART and Risk Management teams
• Participate in key ICAAP and other regulatory stress testing-related committees, forums, and reviews as required
• Engage with Internal Audit (IA); track applicable regulatory matters, audit findings, corrective actions and milestones including collection, review, and retention of evidence
• Support stakeholder engagement workflow processes and protocols

Stress Test Framework Development and Execution

• Execute a framework to support legal entity regulatory and ad hoc stress testing execution and submissions in the clusters
• Assist country and legal entity Risk Management teams to comply with Model Risk Management policy when using models for stress testing
• Participate in development and analysis of stress scenarios, assumptions, and methodologies to ensure they are appropriate for use at the country and/or legal entity levels
• Support assessment of key underlying model assumptions; assess whether model overlays are appropriate given business and regulatory contexts
• Support country and legal entity Risk Management teams in the application of overlays to central models, where applicable
• Execute root cause analysis behind significant variations in model outputs and recommend appropriate remediating actions

Stress Testing Governance

• Ensure that legal entity stress tests are executed pursuant to the relevant Citi policies/ standards/ procedures, and local regulations, e.g. Model Risk Management policy, Enterprise Stress Testing policy, ICAAP Standard etc.
• Support stress testing and model risk management control activities in the clusters, including policy exception management, quality control, methodology documentation, and production of model inventory information for governance forums
• Support management of regulatory- or audit-related activities such as examinations, periodic meetings and ad-hoc updates.
• Support regulatory compliance of model risk practices through tracking of open issues and action items

As a successful candidate, you’d ideally have the following skills and exposure:

Experience and Qualifications

• 6 to 10 years Risk experience in a global organization with significant experience in stress testing
• Familiarity with Internal Capital Adequacy Assessment Process (ICAAP) and local entity regulatory stress tests (e.g. Industry-Wide Stress Test, Supervisory-Driven Stress Test etc.)
• Experience with development of macroeconomic/ market stress scenarios, relevant regulatory guidance, and model risk management
• Experience in producing reports and presentations for senior audiences
• Knowledge of applicable Citi frameworks, policies, and standards
• Ability to effectively partner with key constituents and stakeholders
• Ability to distill technical concepts and results into intuitive, impactful, and easily digested messages

Attributes

• Demonstrates strong ethics and integrity
• Ability to effectively voice and defend independent views and handle conflict
• Strong interpersonal and communication skills for interaction with peers and senior management
• Ability to navigate organizational complexity and build partnerships across functional and business peers
• Makes decisions using well-reasoned judgment under pressure and in a timely manner; identifies and assesses alternatives as part of the decision-making process
• Ability to adapt and perform well under pressure and through rapidly developing situations

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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