VP, Stress Testing Lead for Operational Risk

The VP Stress Testing Lead for Operational Risk contributes to the execution, review and interpretation of stress tests for operational risk. These stress tests including enterprise stress tests, such as CCAR and DFAST and stress tests for entities across the globe where Citi has a presence. The role requires a balance of quantitative and analytics skills, leadership /management skills, and written and verbal communication skills.  The quantitative and analytical skills are needed to understand the models, interpret results and contribute to the model development agenda:

• Communicate the results and assess whether the results fully reflect the underlying conditions of the stress tests.
• Assess the results (e.g., versus various benchmarks) and explain results to key constituents.
• Develop and justify model adjustments where warranted to best reflect stress test narratives and current conditions.
• Partner closely with Finance regarding the operational risk component of Citi’s financial plan
• On an ongoing basis, assess whether the stress testing results are meeting the business and risk management needs and contribute the model development agenda and its prioritization.
• Work with the technology team to implement improvements to the stress testing methodologies in an IT environment.
• Engage with stakeholders, including internal governance groups, audit and regulators regarding the operational risk stress tests.
• Prepare communication materials for senior governance groups.
• Design processes to assure that the execution process is efficient and appropriately controlled.
• Proactively identify, analyze, and monitor potential risks within the organization's operations, including Credit, Market, Operational or other Risk Portfolios.
• Develop and implement comprehensive risk mitigation strategies and policies, collaborating with relevant stakeholders across different business units.
• Analyze and prepare detailed risk reports for internal and external purposes, documenting inherent risks, portfolio concentrations, limit exceptions, stress testing, loss reserves, and high-risk exposures.
• Foster an open communication and knowledge sharing culture, encouraging collaboration across different levels and departments.
• Mentor junior analysts, promoting their professional development and ensuring their work's quality and accuracy.
• Monitor compliance across multiple business units, identifying potential risks and recommending enhancements to existing controls.
• Provide timely and critical data to Regulators, Risk Managers, and Senior Management for portfolio monitoring, business reviews, and regulatory reviews.
• Develop and implement interactive data visualization artifacts, presenting insights on risk exposure for strategic decision-making.
• Analyze and structure reporting requirements of Regulators and Senior Management effectively, proposing suitable risk reporting solutions.
• Construct and implement Corrective Action Plans, collaborating effectively with Internal Audit on risk-related matters.
• Build and maintain strong partnerships with stakeholders, defending team solutions and incorporating feedback.
• Design and optimize data models, data flows, and reporting processes, contributing to strategic tech tools migration.
• Present comprehensive analysis on key Risk metrics during Senior Management Committee reviews.
• Lead policy-driven, remediation-driven, and regulatory initiatives, collaborating with other Risk Reporting teams and cross-functional groups.
• Support business analysis for risk data and risk reporting programs.
• Collaborate closely with risk and portfolio managers, Finance, and Technology teams to acquire data for reports and ensure data quality, completeness, and consistency.
• Interpret requests from senior management and regulators, crafting appropriate solutions or alternatives.
• Deliver regular and time-sensitive ad-hoc information for regulatory requests and audit reviews.
• Ensure that key controls and process documentation requirements are compliant for Management Control Assessment (MCA), Basel Committee on Banking Supervision (BCBS), and End User Computing (EUC).
• Oversee Credit Bureau Reporting, Regulatory Reporting (e.g. FR Y-14), and monitoring of risk exposure relative to established limits.
• Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
• Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.
• Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.
• Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
• Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
• Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
• Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
• Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.
• Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
• Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
• Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
• Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
• Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
• Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
• Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

Qualifications: 

• 6-10 years of experience
• Certifications such as CPA, FRM or CFA are a plus.
• Comprehensive knowledge of financial instruments, risk metrics, and stress testing.
• Understanding of the different types of financial instruments and their associated risks.
• Ability to use and interpret various risk metrics to assess financial health.
• Thorough knowledge of stress testing methodologies and its application in real-world situations.
• Experience in programming/modeling, building financial models, developing and implementing algorithms.
• Exceptional critical thinking skills, enabling the synthesis of complex situations into succinct solutions.
• Practical, problem-solving, solutions-driven mindset.
• Continued development of strong communication skills.
• Deep understanding of the banking domain, specifically risk management and credit policies.
• Advanced skills in data analysis and understanding of statistical concepts.
• Ability to develop and implement risk mitigation strategies and process improvements.
• Proficiency in using advanced analytical tools and applications.

Education: 

• Bachelor's/University degree, Master's degree preferred

------------------------------------------------------

Job Family Group:

------------------------------------------------------

Job Family:

------------------------------------------------------

Time Type:

------------------------------------------------------

Primary Location:

------------------------------------------------------

Primary Location Full Time Salary Range:

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.

------------------------------------------------------

Most Relevant Skills

------------------------------------------------------

Other Relevant Skills

------------------------------------------------------

Anticipated Posting Close Date:

------------------------------------------------------

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 Citi’s EEO Policy Statement and the Know Your Rights poster.