Regulatory Risk Officer

Citibank, N.A. seeks a Regulatory Risk Officer for its Irving, Texas location.

Duties: Serve as a subject matter expert in the credit risk management area, in particular the risk rating process, conducting effective assessment and oversight of the risk rating methodologies. Create, maintain, and coordinate with Data, Analytics, Reporting and Technology teams on the appropriate credit risk analytics and metrics design to support monitoring and trend analysis of the assigned final obligor risk ratings and its components. Assess applicability of the model and non-model assumptions and sensitivity testing of the various final obligor risk rating components, which includes the models, scorecards, and judgmental notching. Consult with the credit analysts and risk approvers on the risk rating analysis outcomes and issues encountered and escalate by presenting material findings to the senior management and appropriate stakeholders. Provide recommendations to senior management on risk rating model and methodology changes based on the findings from the ongoing baseline and final obligor risk rating performance assessment. Contribute to projects leading to the risk rating related issue resolution and enhancements. Perform stress testing activities related to Comprehensive Capital Analysis and Review (CCAR) and the Current Expected Credit Losses (CECL), based on macroeconomics, financial, quantitative and qualitative analyses. Review macroeconomic, market variables and model assumptions as well as the results from the wholesale stress testing models for CCAR, CECL and perform, as needed, other regulatory stress testing related tasks. Apply economic principles to interpret qualitative components of the regulatory stress testing model requirements and optimize development of model assumptions. Analyze, interpret and present model assumptions and stress testing results to senior management. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements: Requires a Master’s degree, or foreign equivalent, in Finance, Economics, or related field and 2 years of experience as a Financial Modeling, Credit Analyst and Data Analytics, or related position involving credit risk and risk rating assessments and stress testing for compliance with CCAR and CECL standards. 2 years of experience must include: Credit risk management and credit lending process, including wholesale risk rating assessment and assignment of methodologies; Credit risk data analysis at obligor and portfolio level, and monitoring risk of exposure; Evaluating model and non-model assumptions and sensitivities, challenging LGD/HFI model parameters and methodologies, and testing impacts on risk ratings, and stress testing outcomes; Macroeconomic concepts including GDP, unemployment, and global indices from S&P and Moodys for the purpose of Stress testing and credit risk ratings analysis; and Utilizing Excel and Tableau tools with macro and advance formulae to conduct data research and design solutions for automated reporting and conducting testing on impact analysis on qualitative and quantitative scorecards. Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #25869486. EO Employer.

Wage Range:                $146,100 to $162,300

Job Family Group:        Risk Management

Job Family:                  Regulatory Risk

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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