VP; Policy and Regulatory Lead Analyst - Capital Governance Transformation

The Capital Planning team within Citi Treasury is responsible for all aspects of capital analysis, forecasting and planning for Citi, including providing programmatic leadership for the firm’s capital ratios; Risk Weighted Assets (RWA); CCAR; and Recovery & Resolution Planning. The organization spans the full capital planning continuum, with the Head of Capital Planning reporting to the Citi Treasurer.

Capital Planning has recently created a dedicated Capital Transformation function that articulates the strategy through which Citi will achieve its Capital transformation goals and provides central leadership over the execution of the necessary remedial actions to deliver the firm’s Spot RWA and Planning target state, as required to address the FRB and OCC Consent Orders.

The Capital Transformation organization seeks a key contributor to drive key components of the Capital Governance Transformation focused on developing and revising formal governance documentation including policies, procedures, and charters; interpreting regulation and regulatory guidance; and managing the review, finalization, and socialization of governance documentation. This is a critical function that will underpin the entirety of the capital planning target state by forming the link between the firm’s most important regulations and its BAU processes and controls.

This role will have significant exposure to senior Finance and ICRM leadership and will play an integral part in executing and supporting the firm-wide, cross-functional plans necessary to close the gaps identified by the Consent Orders and other relevant deliverables over a multi-year timeframe.  

Reporting StructureandResponsibilities

The Policy and Regulation Vice President for Capital Governance Transformation will be responsible for supporting the Policy and Regulation Lead by:

• Developing and ensuring implementation of effective governance documentation for capital planning
• Partnering with senior ICRM leadership and Chief Administrative Officer to understand regulatory obligations and expectations and align governance documentation
• Incorporating and balancing feedback and input from multiple stakeholders, including all Finance, Risk Management, Internal Audit, and independent review and challenge
• Supporting the Head of Capital Governance Transformation to “tell the story” as to how and why Citi can take confidence in the procedures/processes/committees that govern capital planning, and how those processes can improve over time
• Supporting the implementation of changes necessary to enhance Citi’s capital planning processes and satisfy evolving regulatory developments, including criticisms articulated in the recent Consent Orders
• Coordinating design and implementation of durable solutions to ensure the mapping of regulations to business practices and controls across the capital continuum
• Enabling continuous improvement by partnering with workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps in compensating controls
• Developing a strong working relationship with process owners across the organization in support of their individual responsibilities and in support of creating a holistic framework in which the firm executes its collective capital planning responsibilities
• Partnering with the Finance Policy Head to ensure alignment of governance documents with Enterprise-wide standards and compliance with the requirements for publication of policy documents.

Successful Candidates Will Possess:

• Exceptional communication skills, including well-developed written, verbal, and presentation skills.   Must be able to create, revise based on feedback, and coordinate publication of enterprise-level governance documentation including Policies and Standard.
• Interpret regulation, assess applicability to Citi, and recommend revisions and improvements to how regulation is addressed in policy.
• Creative skills necessary to craft persuasive, well-researched narratives for senior consumption.
• Strong attention to detail with proven ability to distil complex ideas into simple stories.
• Previous experience in Capital Planning functions and familiarity with capital disciplines and regulation is preferred.  Candidate should have a strong understanding of financial products and markets, and holding company and legal entity considerations
• A self-starter with ability to independently manage work and drive multiple deliverables concurrently.
• Ability to gain consensus and agreement across disparate functions, products, and geographies.
• Must have ability to stay ahead in a constantly changing environment. Must be a change agent, ensuring others understand current direction.

Basic Qualifications:

Preferred Qualifications:

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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.

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