VP, Enterprise Concentration Risk Management – Analytics and New Initiatives - C13 (Hybrid)

About Citi:

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments, and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Principles represent the qualities, behaviors and expectations we all must exhibit to deliver on our mission of enabling growth and economic progress. They contribute to creating a culture that drives client excellence, controls excellence and operational excellence.

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About the Group:

Enterprise Concentration Risk Management (ECRM) is an enterprise-wide risk management function that encompasses credit risk, market risk, liquidity risk and operational risk. ECRM is part of the overall Enterprise Risk Management (ERM) Organization.

The VP Enterprise Concentration Risk Management – Analytics and New Initiatives is focused on supporting and enhancing the concentration risk framework at Citi. The individual will be responsible for providing concentration related subject matter expertise in concentration risk management to relevant stakeholders with focus on stress testing and analytics.  The role encompasses:

• Identify, monitor, and report or concentration risks that arise from different business and risk types, and cross-risk correlation between portfolios.
• Establish effective linkages between enterprise concentration risk management and other firmwide initiatives (risk identification, risk appetite, stress testing, etc.) to quantify, manage and mitigate material and emerging concentrations.

You will collaborate with senior leadership across multiple risk stripes and various functions to ensure effective risk management practices. If you have a strong background in ERM, particularly within the banking sector, and can communicate complex risk concepts persuasively, we’d love to hear from you!

Responsibilities

• Risk Identification and Monitoring- Conduct comprehensive risk assessments & analysis to identify material and emerging concentration and correlation risks and evaluate potential concentration implications at enterprise level.
• Risk Assessment and Communication – Lead robust discussions with methodology owners and relevant stakeholders on the interpretations of outcomes to identify concentrations and fundamental risk drivers with concentration impact and recommend appropriate risk mitigation strategies.
• Risk Reporting and Escalation - Prepare clear, concise, and compelling risk reports for Senior Management and the Board by synthesizing key concentration issues that impact Citi.
• New initiatives and framework enhancement – Develop new approach and support continued enhancement of existing concentration risk stress analytics framework for more effective comprehensive concentration risk management.
• Adherence to Policy and Procedures - Ensure all concentration analytics procedures align with policies and work effectively with individual business risk policies as they pertain to ECRM.

Qualifications

• Strong background in Financial Risk Management with at least 6 -10 years of hands-on experience in enterprise risk management and/or stress testing and risk analytics
• Strong analytical skills and the ability to link common risks across different risk areas.
• Broad understanding of quantitative risk stripes (e.g. credit, market) and good understanding of stress testing models and approaches.
• Foundational knowledge of financial products, risk management processes and controls. Knowledge of regulatory requirements around risk management at large banks will be extremely helpful.
• Good verbal and written communication skills and influencing skill. Excellent proficiency in Microsoft Office.

Education:

• Bachelor's degree/University degree or equivalent experience
• Master’s degree preferred.

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