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Director/Capital Risk ReviewerApply Now Locations: Tampa, Florida, New York, New York Job Function: Risk Management Employee Status: Regular Job ID: 20195906
Global Risk Review (GRR) provides independent, objective, reliable, valued and timely assurance to the Boards, the Committees, the Citigroup Chief Risk Officer, the Citigroup Chief Credit Officer, senior management as regards the ability of the Business and independent Risk Management to identify, monitor and mitigate current and emerging risks. Within GRR, the Confirmation of Basel Review and Analysis (“COBRA”) independent review function assesses the effectiveness of regulatory capital treatment.
The Director, Capital Risk Reviewer manages independent review and challenge of the interpretation, application and implementation of the U.S. Basel III Final Rules to ensure the appropriate Risk Weighted Assets (“RWA”) calculation across Citi’s Banking Book and Trading Book. The role requires thorough understanding of regulatory requirements (12 CFR Parts 208,217, and 225 (US Rules) and BCC 13-3), in particular RWA calculations for complex transactions for markets transactions.
- Assist the Head of COBRA in developing and executing the global Review coverage plan including by leading Reviews
- Represent COBRA at relevant regional and global governance meetings
- Maintain effective communication with the Business, Finance and Independent Risk to ensure a clear understanding of rule requirements
- Assessment of the application of the US Rules with an emphasis on the rules pertaining to markets transactions (Basel 2.5)
- Provides critical challenge of appropriateness and sufficiency of regulatory capital top-side adjustments as proposed by Finance
- Evaluation of the appropriateness of Corrective Action Plans (CAP) resulting from Reviews
- Providing of ongoing guidance as CAPs are implemented to help ensure a successful subsequent validation of the effectiveness of CAPs after implementation by the Business
- Accountability for the quality and consistency of assessment workpapers
- Proactive communication to Head of COBRA and GRR Management of any concerns and/or emerging risks as regards interpretation of the Capital Rules vis-à-vis Basel III rules for consolidated US reporting and ensure the RWA method and results are appropriate and accurately represent the riskiness of the exposure under review
- Review various transactions end to end across the institution to determine if the appropriate capital is being allocated. This includes reviewing legal documents, approvals, risk ratings and how transactions flow through the system to determine the RWA that is being applied and comparing transactions to the appropriate rules
- Work closely with CIAT (Capital Interpretation and Analysis Team), Finance, Technology, Accounting, Risk Architecture, Independent Risk Management, Product Control, Capital Optimization, Regulatory Reporting and Risk Policy to insure the appropriate groups are engaged in remediating any issues raised in COBRA reviews
- Assist in training on various US Rule topics
- Ad hoc projects designated by GRR Management
- Support Voice of the Employee (VOE) initiatives for GRR
- Significant experience with the US Rules for Advanced, Standardized and Markets rules specifically as they pertain to RWA requirements
- Demonstrable financial services experience including 15+ years of experience in counter party credit risk resulting from markets transactions, wholesale transactions, securitizations or retail experience
- Deep and extensive capital markets experience in complex structures enabling an individual to pull deconstruct transactions and understand all the risk points’ in particular complex derivative transaction
- Bank regulatory environment experience and close liaison with banking and other related industry regulators is advantageous
- Advanced knowledge of regulatory frameworks as well as having held roles which involve interaction with supervisors / regulators is preferred
- Fully conversant in credit, and markets policy matters
- Ability to analyze root causes and anticipate horizon issues
- Demonstrated history of high ethical standards and discretion in dealing with highly confidential Board and Senior Management material
- Proven ability to interact credibly with senior stakeholders in other control functions such as finance, audit, legal and compliance, as well as senior leaders across the firm
- Strong analytical skills with the ability to identify and communicate root causes and trends
- Strong project and time management skills with the ability to successfully handle competing priorities
- Exceptional written and verbal communication skills with the ability to communicate clearly and concisely to audiences of varying levels of seniority
- Strong interpersonal skills with the ability to build relationships and exert influence without direct authority
- Proven attention to detail
- Proficient in Microsoft Office (Word, Excel, and PowerPoint)
- Bachelor’s/University degree, Master’s degree preferred
- Senior Credit Officer designation is preferred
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