Senior Vice President - Stress Testing Applications Lead

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Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

Individuals in the Enterprise Risk Management are entrusted with managing the diverse and collective impact of the bank's risks. This involves identifying and managing enterprise-level and cross-cutting risks, designing scenarios for stress tests, managing climate risk, and safeguarding against reputational risk. This role is integral to the overarching objectives of the bank, as it ensures the bank's operations are within defined risk appetite and helps maintain financial stability. The role provides a comprehensive view of risk management, enabling the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's sustained growth and success.

Responsibilities: 

• Lead enterprise-wide stress testing exercises, designing them with loss forecasting for early identification, quantification, and mitigation of emerging risks. Oversee, review, and challenge the exercise's effectiveness.

• Lead the development and delivery of bespoke quantitative approaches to apply stress scenarios to live risk exposures and forecast future losses. Oversee and challenge the approaches' accuracy and usefulness.

• Assess estimated and forecasted losses in relation to the firm's risk appetite, comparing potential losses with the firm's risk capacity and tolerance, suggesting necessary steps to manage forecasted risk. Oversee the accuracy of this assessment and challenge any discrepancies.

• Oversee coordination with cross-disciplinary teams for clear definition and achievement of all project requirements related to stress testing and loss forecasting. Ensure deadlines and schedules are met and provide broad exposure to senior stakeholders across risk management departments including Risk Reporting, Data Analytics and Technology.

• Interpret the results of stress testing, loss forecasting, and other risk assessments, presenting the key findings in a concise visual form for Citi’s top management and the Board of Directors. Oversee, review, and challenge the quality and impact of these presentations.

• Collaborate closely with the Risk Reporting, Data Analytics and Technology departments to streamline procedures, improve risk management strategies, and enhance the accuracy and efficiency of loss forecasting models. Oversee the implementation of these processes and challenge any inefficiencies, promoting a proactive approach to risk management throughout the organization.

• 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: 

• 12+ years of experience within Project Management domain in Market Risk/Credit Risk/Stress Testing domain

• Understanding of various risk categories, including Financial and Non-Financial risks, facilitating comprehensive oversight, review, and challenge of risk management strategies.

• Familiarity with the Global regulatory landscape, with the ability to oversee, review, and challenge practical application of this knowledge.

• Exposure to managing regulatory inspections and audits within a financial services company, enabling effective oversight and challenge of compliance processes.

• Project management experience, with a record of successfully overseeing, reviewing, and challenging collaborative efforts to meet project milestones and deadlines.

• Commercial awareness and knowledge in the field of risk management, providing a solid foundation for oversight, review, and challenge.

• Understanding of credit and operational policies and procedures, including collateral management processes, enabling effective review and challenge in these areas.

• Experience in a compliance, audit, or similar control or governance role within a banking or financial institution, providing a strong platform for effective oversight, review, and challenge.

• Understanding of relevant regulatory guidance (Internal Capital Adequacy Assessment Process (ICAAP), Comprehensive Capital Analysis and Review (CCAR) ) and experience in conducting macroeconomic/market stress tests, allowing effective review and challenge of compliance and risk management strategies.

• Superior problem-solving capabilities with a 'can do' attitude, supporting effective challenge under tight timelines.

• Strong communication and presentation skills for clear explanation and challenge of complex topics.

• Advanced analytical skills to interpret complex data into actionable strategies with the ability to oversee and challenge this process.

• Exceptional proficiency in project management tools (preferably JIRA), and quick adaptability to new technologies.

• Proficiency in risk analysis and stress testing methodologies, enabling effective challenge of these methods.

• Excellent leadership skills to drive a team towards common goals and motivate individuals, with the capacity to oversee and challenge team performance.

• Strong networking skills for effective negotiation and relationship building, both internally and externally.

• High adaptability to respond to changes in the business environment and industry trends, to effectively challenge new risk scenarios.

• Ability to work in a fast-paced environment, managing multiple projects and stakeholders.

Education: 

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

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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Job Family Group:

Risk Management

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Job Family:

Enterprise Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Credible Challenge, Governance, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

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

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