Search & Apply for Jobs

Director, Capital Spot RWA Derivatives Transformation (Hybrid)

New York, New York

Job Type: Hybrid

Job Req ID 24795661

Apply Now

Overview

Citi is undergoing a Transformation to modernize and simplify the bank. We’re raising the bar and taking the opportunity to reevaluate the way we do business. This includes fostering a culture of curiosity and excellence and shifting our mindset to be simpler and data driven, making Citi an easier place to work and improving client experience. If you’re ready to be at the forefront of Transformation while taking your career to the next level, we invite you to come and join us!

Success Profile

As one of the world’s most global banks, Citi gives you the tools to make a difference. Through Transformation, we’re building the future of the bank and shaping the banking industry. Citi employs over 220,000 individuals located around the world, encompassing a broad range of teams, roles, cultures and backgrounds. Some of the skills that will make you successful in this role include:

Cross-Functional Collaboration
Credible Challenge
Risk Management
Data and Results Driven
Accountable
Adaptable

Responsibilities

The Spot Risk Weighted Assets (RWA) Transformation team drives remediation of issues related to the E2E Spot RWA process, enabling closure of Consent Order and other regulatory commitments, including SACCR MRIAs.

In partnership with the Capital Reporting Group, the RWA Transformation group (within the Controller Chief Administation Office) is responsible for delivering a strong, sustainable process and control environment for Spot RWA, ensuring that RWA is appropriately identified, calculated and reported, with robust E2E controls and governance over the process.

The role is to lead the Spot RWA Derivatives Transformation team, which reports into the Spot RWA Transformation Initiative Lead, and leads RWA Transformation for the Derivatives risk exposure, with potential to cover other exposures over time.

The role requires

In depth knowledge of Derivatives products, infrastructure, data flows, processes.
RWA knowledge - Derivatives (broader product set a plus).
Strong delivery focus.
Control focus – understanding how to build, implement and maintain strong controls.
Excellent communication skills. Strong presenter in senior forums.
Able to partner effectively with cross functional teams, including LOBs and Risk.
Strong content writing skills
15+ years of relevant experience within the financial services industry
Experience at dealing with IA and risk & control functions.
Work with sense of urgency.
Flexible / deal with moving targets.
Know Citi systems / complex data and system flows.
Know Citi trading products.
Primary Local: New York (could change for the right candidate)
Understanding of the industry, competitors' products and services, is also helpful in order to contribute to the commercial goals of the business.

Education:

Bachelors degree, potentially Masters degree and managerial experience

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

Job Family Group:

Finance

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

Job Family:

Fin Solutions Dsgn & Implement

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

Time Type:

Full time

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

Primary Location:

Long Island City New York United States

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

Primary Location Full Time Salary Range:

$170,000.00 - $300,000.00

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.

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

Anticipated Posting Close Date:

Oct 17, 2024

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

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

Apply Now

Success Stories

“By joining Transformation, you will be at the center of driving change at Citi. You’ll help us lay the foundation to make this a better place to work and do business by implementing sound risk and controls. This team will give you a launchpad of endless opportunities to grow as a professional and challenge yourself while working across various functions.”

Usman B.

Risk & Controls Transformation Lead
New York

“Citi hires people for their potential and not just their experience. This gives people, including myself, the opportunity to try different roles and explore new careers. Transformation at Citi is a new adventure and will challenge how we do things at Citi: with clients, with regulators and with our peers.”

Cynthia D.

Mexico Transformation Head

“Data Transformation is a great area to be a part of at Citi. Data is at the heart of our business and ensuring that our data is of good quality with clear ownership is imperative to our success.”

Dan F.

Data Operating Model and Governance Program Lead
New York

“This is an exciting area to work in at Citi! Being part of Transforming a 200+ year-old institution is a once in a lifetime opportunity. This is relatively new work, so not only you can learn new skills and get exposure, but you can play a pivotal role in shaping the Citi of the future.”