Loss Forecasting and Stress Testing Analytics- Senior Vice President

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Job Overview

Integral to Citi success is strong and effective Risk Management that allows us to serve our customers while also protecting Citi’s interests. Risk Management division comprises of highly qualified individuals spread across the globe.

Position Summary:

The Model/Anlys/Valid Group Mgr is a senior management-level position responsible for accomplishing results through the management of a team or department to monitor the Citi portfolio and identify credit migration in coordination with the Risk Management team. The overall objective of this role is to lead the management of Citi's portfolio exposure to client and counterparties globally.

The role is within the Loss / Loan Loss Reserve Forecasting and Stress Testing team. This group is specifically tasked with calculating and managing the net credit loss and loan loss reserve forecast for USPB Cards portfolio and working with the Finance teams to build forecasts for credit losses and loan loss reserves under varying macro-economic and business conditions. The individual will work on efforts around Comprehensive Capital Analysis & Review (CCAR/DFAST) for retail portfolios with primary focus on NA cards.

The individual should demonstrate strong work ethic, leadership, teamwork, quantitative and problem-solving skills. The individual is expected to lead a team of analysts including hiring, training, performance evaluations etc. Leverage technical and business acumen to deliver high quality results. Responsibilities include but are not limited to understanding the key drivers of losses and loan loss reserves, their relative importance and the current trends; apply this knowledge effectively to forecast losses / loan loss reserves meaningfully and accurately; analyze underlying model outputs relative to other business, ensure that the models provide rational and logical output, reconcile detailed financial data from disparate data sources, be able to present the findings to their manager and various key stake-holders and senior management across the organization; hold meaningful discussions and present to various review and challenge and / or audit teams and assist with regulatory reviews; ensure best in class governance and documentation practices for these functions; drive process efficiencies through automation for the underlying data, forecasting and reporting processes

Key Responsibilities:

• Lead and develop a team of risk analysts and manage complex/critical/large professional disciplinary areas
• Lead risk financial forecasting efforts, including designing and maintaining complex credit loss and financial risk forecasting models, conducting cost of credit analyses, and monitoring product trends to identify key areas of risk-opportunity
• Manage risk levels for the entire credit/valuation spectrum across multiple products and retail formats consistent with program financial goals
• Track and report on initiatives, performance results, emerging trends and opportunities to senior management
• Establish cross-functional partnerships and networks in order to support the execute cross-functional and business initiatives
• 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 others and create accountability with those who fail to maintain these standards
• Identify process simplification opportunities on regular basis to consistently function at optimum levels

Qualifications:

• 13+ years of experience in credit risk management or equivalent training
• Post graduate degree with specialization in a quantitative discipline: Statistics, Mathematics, Economics, Econometrics, Management, Operations Research or Engineering
• Strong understanding of risk management. Knowledge of credit products and key regulatory activities (CCAR) are a plus. Experience in CCAR / DFAST/Stress Testing is preferred.
• Strong understanding and hands-on experience with econometric and empirical forecasting models. Experience in data science / machine learning with ability to handle large datasets.
• Broad understanding of overall business model and key drivers of P&L including Net Credit Losses, Recoveries, Loss Reserves etc.
• Demonstrated accountability for delivery of a full range of services to one or more businesses/geographic regions
• Vision and ability to provide innovative solutions to core business practices.
• Ability to develop partnerships across multiple business and functional areas.
• Proven negotiation skills often used at a senior level
• Demonstrated ability to synthesize, prioritize and drive results with urgency
• Ability to obtain support and buy-in across a wide range of internal and external audiences
• Consistently demonstrate clear and concise written and verbal communication

Leadership Competencies:

• Ability to effectively lead a team providing guidance, motivation and training. Skills in people management including hiring talent, performance evaluations, planning and budgeting etc.
• Take initiatives to identify opportunities and drive changes in order to achieve business targets
• Senior executive interactions - can present credibly to both large and small groups.
• Strong interpersonal skills and ability to influence at all levels of management
• Displays flexibility to work well with varying personal styles
• Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds.
• Demonstrates strong ethics
• Develops strong cross-functional relationships within and outside Risk Management
• Contributes to a positive work environment; shares knowledge and supports diversity

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

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Job Family Group:

Risk Management

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Job Family:

Risk Analytics, Modeling, and Validation

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Constructive Debate, Data Analysis, Escalation Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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