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VP, Global Wealth Management Residential Real Estate Portfolio Risk Officer

Job Req ID 22524174 Location(s) Dallas, Texas; Tampa, Florida Job Category Risk Management
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Global Wealth Management (GWM) is a unified Wealth organization focused on delivering the full capabilities of Citi to clients across all the Citi Private Bank, Wealth at Work, and Consumer Wealth businesses. GWM will be a single, integrated platform serving clients across the wealth continuum, from the affluent to ultra-high net worth. GWM Residential Real Estate (RRE) provides residential real estate secured lending products to target market clients. The current Private Bank segment portfolio is US$43 Billion, and over $74 Billion inclusive of the full business perimeter of GWM.

GWM Risk Management is an independent global organization within Personal Banking Wealth Management (PBWM) Risk, which sits within Citi Risk Management. It provides independent risk oversight, challenge and approval for credit portfolio and broader risk-taking practices within the GWM business, ensuring such activities remain within defined risk appetite and limits.

The GWM Residential Real Estate (RRE) Portfolio Risk Officer provide independent risk oversight and challenge to the risk-taking activities of GWM RRE lending. The role is responsible for the development, integration, implementation, and governance of a comprehensive GWM RRE Lending Standard & Oversight framework with the Personal Banking & Wealth Management Secured Lending team.  The incumbent is expected to drive the integration and oversight on portfolio monitoring / analytics, risk appetite & limits management, concentration risk, stress testing, capital management and regulatory reporting for the GWM Residential Real Estate portfolio.

Responsibilities:

  • Working in partnership with business and independent risk units to establish an effective portfolio management process and strategy that complies with corporate policy standards
  • Establish and implement a set of portfolio metrics and risk appetite thresholds that enables a regular effective performance monitoring and emerging risk / issues identification
  • Develop and drive process integration for portfolio performance monitoring, risk appetite limits setting and management, stress testing, regulatory reporting (CCAR) and capital management (Basel)
  • Manage regular portfolio quality review forum.  Identify emerging performance and/or process issues and engage stakeholders for issue escalation and remediation.
  • Coordinate annual residential real estate limits evaluation and approval process.  Provide independent challenge to the business on annual plan.
  • Design, implement and monitor the effectiveness of credit risk policies and where warranted, adjust credit policies to ensure performance and benchmarks are in accordance with established risk appetite.
  • Ensure that policies are in full compliance with enterprise policies, governing regulations and where required, document and obtain approval for exceptions.
  • Implement and manage analytic infrastructure and tools including models, MIS capabilities so that portfolio qualities can be accurately evaluated and ascertained.
  • Maintain a strong control environment at all times; escalate critical issues in accordance with corporate protocols and/or based on prudent judgment

Experience / Qualifications

  • Extensive relevant (5+ years) experience in private/consumer/wealth risk management with knowledge of real estate market and portfolio management
  • Experience in production of mortgage portfolio performance metrics including segmentation / concentration analysis and performance thresholds setting
  • Experience and knowledge in capital (Basel) dynamics and capital efficiency optimization for residential real estate lending portfolio
  • Experience and knowledge in portfolio stress testing process, from risk identification, scenario design to interpretation and usage of stress model output
  • Experience in regulatory reporting (CCAR 14M)
  • Understanding of classifiable and delinquency managed credit portfolios and operational policies and procedures, including a command of collateral management
  • Experience in executing on initiatives with a diverse group of stakeholders to achieve milestones and meet deadlines
  • Ability to apply credit and risk principles toward business goals
  • Effective written and verbal communication skills
  • Proficient in MS Office applications (Excel, Word, Power Point)
  • Tireless work ethic with ability to work well under pressure

Education

  • BS or BA required
  • MBA or equivalent graduate studies is a plus

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Job Family Group:

Risk Management

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Job Family:

Credit & Portfolio Risk Management

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Time Type:

Full time

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Primary Location:

Dallas Texas United States

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Primary Location Salary Range:

$106,630.00 - $159,940.00

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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