Data Lead Analyst - Credit Risk - VP (hybrid)

Wholesale Credit Reserve Overlay Officer - Warsaw

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Loan’s processing Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The Wholesale Credit Reserve and CCAR Overlay Officer position is part of Citi’s Wholesale Credit Allowance, Stress Testing and Risk Ratings Methodology Oversight Group, which manages these processes for Citi’s entire Corporate Loan portfolio.  

The focus of this role will be to support the Current Expected Credit Loss “CECL” OR Credit Allowance, the Comprehensive Capital Analysis and Review (“CCAR”), as well as the internal cost of credit planning processes, through methodological analysis, calculation and application of necessary overlays to the raw model output, to compensate for known model limitations, or to account for risks not adequately addressed by the raw model output, like idiosyncratic events and portfolio dependencies to economic and political environment changes.

The said cost of credit and capital planning processes have a quarterly cadence and have close affinity in terms of the modelling framework. Therefore, overlay considerations have to be assessed for applicability across both proceedings, to ensure appropriate alignment between the CCAR/capital planning overlay recommendations to the actual starting and ending CECL expectation for the given quarter.

The position offers broad on the job learning experience and further development opportunities within Citi’s Risk organization.

What you’ll do

• Analyse the CECL/CCAR model output, investigate the period-over-period changes against the portfolio credit quality and composition changes, and the economic assumptions. Present the conclusion in a structured, comprehensive manner, to enable assessment for any needed overlays, and relative decisions.
• Execute on the decisions made around the needed overlays: compile data references as needed, ensuring appropriate data sources, articulate the calculation in a clear, repeatable way, document the deployed assumptions, and implement controls to preserve data and calculation integrity. Self-monitor the process output, by reviewing the result for relevance to the intended outcome and assessing it for reasonableness. Recommend alternate approaches and adjustments for any identified logical fallacies or assumptions not supposed by statistical evidence.
• Prepare PowerPoint decks to present the results to senior management and affected stakeholders as relevant.
• Prepare overlay approval documents in accordance with the CECL/CCAR governance framework and the model risk management policy requirements.
• Facilitate the reporting of the approved overlays into the system, as per the process requirements (i.e. direct posting of the adjustment, offline hand off to risk reporting partners etc.). This includes the development of techniques for the allocation of the total overlay amount down to the necessary granularity; to this end, excellent knowledge of the CCAR and CECL data repositories has to be developed.
• Perform data analysis and reconciliations to monitor and track data quality and completeness of data.
• Provide project management support on regular periodic activities (e.g. consolidation of overlay documentation, timely communication in line with the governance framework requirements, collection of the necessary approvals etc.) and ad hoc activities (e.g. process and system automation initiatives, solutions development in response to regulatory requirements, etc.)
• Support the rest of the Wholesale Credit Allowance, Stress Testing and Risk Ratings Methodology Oversight Group, according to business needs and periodic priorities.

What we’ll need from you

• Min 5 years of experience in the financial industry, and at least 2 years in the current role.
• Knowledge of running coding in R, Python or SAS, and writing and editing technical documentation.
• Microsoft Office proficiency – particularly Excel (metrics and data analysis, ability to work with large datasets), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
• Strong analytical skills with the ability to identify root causes and trends.
• Excellent writing and verbal communication skills; ability to communicate concisely and clearly.
• Experience in Wholesale CCAR/Stress Testing &/or CECL will be preferred. Alternatively, roles associated with portfolio credit risk management and capital planning over classifiably managed exposures also qualify.
• Bachelor’s University Degree.
• Strong time management skills with the ability to successfully accommodate competing priorities. Self-disciplined, able to work independently, take initiative and effectively handle their book of work, with limited supervision.

What we can offer you

By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits such as:

• Private Medical Care Program
• Life Insurance Program
  • Pension Plan contribution (PPE Program)
  • Employee Assistance Program
• Paid Parental Leave Program (maternity and paternity leave) 
• Sport Card
• Holidays Allowance
• Sport and team recreation activities
  • Special offers and discounts for employees
  • Access to an array of learning and development resources 
• A discretional annual performance related bonus
  • A chance to make a difference with various affinity networks and charity initiatives

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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