Skip to main content

Careers

Vice President - NA Cards CCAR / QMMF-Hybrid

Job Req ID 24792787 Location(s) Schaumburg, Illinois; Wilmington, Delaware Job Type Hybrid Job Category Risk Management
Apply Now


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

Position Summary:

The VP-CCAR/QMMF role is a senior-level position in the USPB Forecasting & Analytics group. This group is tasked with generating and managing the Cost-of-Credit forecast on +$200 BN USPB portfolios. Within this group, the Vice President - CCAR/QMMF role will be specifically responsible for efforts around Comprehensive Capital Analysis & Review (CCAR/DFAST) and related aspects of the the Quarterly Multi-Year Multi-Scenario Forecasting exercise (QMMF) for key North America Credit Card portfolios (NA Cards).

Responsibilities include but are not limited to understanding and analyzing macro-economic scenarios, econometric and empirical forecasting models, business strategies and portfolio trends in order generate accurate and meaningful Cost-of-Credit (Net Credit Loss and Allowance for Credit Loss) forecasts for key NA Cards portfolios under alternate macro-economic and business scenarios.

The individual will also be responsible for reconciling detailed financial data from disparate data sources; producing summary documents and presentations, supporting management reviews with business leaders, Model Risk Management and Independent Risk; and aiding the Global CCAR teams in providing presentations and memos to regulators, and external auditors.

Key Responsibilities:

  • For the relevant NA Cards portfolios, execute the following in a timely and accurate manner:
    • Quarterly multi-scenario forecasting exercise (QMMF)
    • Annual stress testing exercise (CCAR,/DFAST)
    • Associated reporting, governance and documentation
  • Collaborate with Risk Modeling, Finance, Data and Reporting teams to ensure smooth functioning of these processes.
  • Analyze and explain in detail the actual / anticipated movements in various components of net credit losses overtime and the underlying drivers of these movements.
  • Analyze and explain in detail the movements in loan-loss-reserves (CECL allowance for credit losses) overtime and the underlying drivers of these movements.
  • Review and challenge existing models, and model outputs to identify areas of improvement relative to portfolio & macro-economic trends.
  • Partner with Finance team to complete requests on financial planning, QMMF & CCAR/DFAST results and drive close integration of credit risk & PPNR results
  • Create presentations with supporting analysis, storyboard results, and lead discussions with senior management, finance heads, Independent Risk and Model Risk management; required as part of the business review and effective challenge process.  
  • Establish and continually evolve standardized business and submission documentation.
  • Coordinate with Global CCAR Office, support centralized reporting requirements, and communicate with Auditors and Regulators.
  • Partner with Risk and Finance organization to understand sources of data and continue to improve the process of defining, extracting and utilizing data.
  • Identify areas of improvement in BAU and drive process efficiency through process simplification and automation (VBA, SAS, etc.).
  • Manage information controls (version control, central results summary) to meet business objectives with utmost clarity.
  • Utilize avenues for automation where available and drive process efficiencies.

Qualifications:

  • BA or BS degree (Master’s/PhD degree in an analytical field is a plus).
  • 6+ years of work experience in financial services or management consulting.
  • Strong understanding of risk management. Knowledge of credit card industry and Knowledge of credit card industry and key regulatory activities (CCAR) are a plus.
  • Understanding of forecasting models
  • CCAR / DFAST submission experience is preferred
  • Broad understanding of overall business model and key drivers of P&L.
  • 5+ years of experience in using analytical packages, datacube/Essbase, MS Office (Excel, Powerpoint)
  • Vision and ability to provide innovative solutions to core business practices.
  • Ability to develop partnerships across multiple business and functional areas.
  • Strong written and oral communication skills.

Leadership Competencies:

  • Capability and experience to 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

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

Job Family Group:

Risk Management

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

Job Family:

Regulatory Risk

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

Time Type:

Full time

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

Primary Location:

Schaumburg Illinois United States

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

Primary Location Full Time Salary Range:

$125,760.00 - $188,640.00


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 04, 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

Saved Jobs

You have no saved jobs

Previously Viewed Jobs

You have no viewed jobs