Stress Testing Reviewer, Vice President

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in Risk Management and Stress Testing to our Dublin based Enterprise Risk Management team.

Shape your career with Citi in Dublin. 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.

Citi has had a presence in Ireland since 1965, it was one of the first foreign banks to open an office in the country and is the Citibank Europe Plc Headquarters

Team/Role Overview

Enterprise Risk Management (ERM) within Independent Risk Management is responsible for overseeing the implementation of Citi’s Enterprise Risk Management Framework and for specific enterprise-level risk management programs and processes that span the organization, the lines of defense and various risk categories.

These include risk identification, enterprise risk analytics, risk appetite & limits, new activity risk management, risk frameworks & policy, strategic risk, digital assets risk and climate risk. The group is headed by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO). 

As part of ERM, Enterprise Risk Analytics & Stress Testing is responsible for Enterprise Stress Testing with Legal Entity Oversight (LEO), Material Legal Entity (MLE) Stress Testing and ICAAP execution and oversight, Firmwide Scenario Design and Expansion which cover Enterprise programs and all Legal Entities.

This role sits in Enterprise Risk Analytics (ERA), and will review and challenge the stress testing process, which requires proven partnership, leadership and credit and market risk expertise as the team will coordinate across multitude of stakeholders in first and second line of defense teams, ERM governance, model development, reporting, technology and Internal Audit.

The successful individual will have the opportunity to work with senior stakeholders in 1LoD and 2LoD stakeholders. They will need to leverage the analytics expertise on both the loss models and scenario models to support the firmwide stress testing program.

What you'll do

• Conduct annual reviews of stress testing programs across Market risk, Credit risk, Operational risk, Liquidity Risk and multi-risk programs (e.g., Country, Real Estate), including risk pool’s specific stress testing, and risk pool’s contribution to enterprise level stress testing programs (e.g., GSST, RST)

• Conduct issue validation to confirm review findings are remediated by risk pools through action plans execution

• Contribute to additional review, which may be required based on changes in scenario,
  assumptions, or methodologies, as well as significant macroeconomic or market events

• Through the review, analyze stress testing process and make recommendations addressing business needs.

• Communicate findings to applicable stakeholders and ensure action plans are defined to remediate issues

• Evaluate stress test results and actions (e.g. limit setting/ monitoring, risk appetite, risk
  identification).

• Communicate results to a variety of audiences.

• Conduct analysis and package it into detailed technical documentation reports to meet
  regulatory guidelines and exceed industry standards.

• Provide guidance to juniors as and when necessary

What we'll need from you  

• Demonstrated industry experience in market risk, credit risk, liquidity risk, or operational risk management fields, including portfolio/ risk management experience, model validation, or model analytics experience

• Experience in relevant regulatory guidance, including the SR12-7

• Fewer years of relevant experience will be considered for candidates with higher academic qualifications and/or certifications such as a PhD, a second master’s degree, FRM or CFA.

• Knowledge of risk appetite, limit setting, banking book/ trading book products and risk
  management practices

• Consistently demonstrates clear and concise written and verbal communication skills
  Self-motivated and detail oriented

• Demonstrated project management and organizational skills and capability to handle
  multiple projects at one time

• Proficient in Microsoft Office (EXCEL), SAS, R, Python or other programming languages

What we can offer you

• A chance to develop in a highly innovative environment where you can use the newest technologies in a top-quality organizational culture. 

• Professional development in a truly global environment

• Inclusive and friendly corporate culture where gender diversity and equality is widely recognized

• A supportive workplace for professionals returning to the office from childcare leave

• An enjoyable and challenging learning path, which leads to a deep understanding of Citi’s products and services.

• We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

• By joining Citi Dublin, 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 base salary (which is annually reviewed) and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well. Discover more here.

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 energised 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. 

#LI-PM3

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