SVP, Stress Testing Independent Review and Challenge Lead

Enterprise Stress Testing – Independent Review and Challenge lead

Team/Role Overview

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. He/ She will have the opportunity to work with senior stakeholders in 1LoD and 2LoD stakeholders. He/ She needs to leverage the analytics expertise on both the loss models and scenario models to support the firmwide stress testing program.

Job Description

• Conduct annual reviews of stress testing programs for Market risk and/or Credit risk programs, including risk pool’s specific stress testing, and risk pool’s contribution to enterprise level stress testing programs (e.g., GSST, RST).
• Contribute to additional review, which may be required based on changes in scenario, assumptions, or methodologies, as well as significant macroeconomic or market events
• Conduct issue validation to confirm review findings are remediated by risk pools through action plans execution.
• 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.
• Supervise junior team members.

Job Requirements

• Demonstrated industry experience in market risk and/or credit risk management fields, including portfolio/ risk management experience in market trading, XVA, IDL, credit risk, model validation, or model analytics.
• Experience in oversight on market risk or credit risk
• 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 programing languages

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree

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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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