Regulatory Risk Senior Officer

The Finance CRO Group provides independent, objective, reliable, valued and timely assurance to the Board of Directors, the Committees, the Citigroup Chief Risk Officer, the Citigroup Chief Credit Officer, senior management and regulators on the effectiveness of credit, capital and collateral risk management and the ability of the Business and independent Risk Management to identify, monitor and mitigate current and emerging risks.

The Confirmation of Basel Classification Review & Analysis (COBRA) team provides an independent review and challenge of risk and operational processes and procedures and accuracy and timeliness of risk parameters used to determine regulatory capital treatment for various exposures.

The SVP, Lead Banking Book Basel Reviewer manages independent review and challenge of regulatory capital treatment of exposures across Citi’s Banking Book.  The role requires a thorough understanding of fundamental credit and credit risk concepts and/or associated regulatory capital requirements, including Standardized and Advanced Risk Weighted Assets (RWA) requirements under US Basel Rules.  Familiarity with regulatory capital reporting is also preferred.

Key Responsibilities:

• Assist the Head of COBRA and Head of Banking Book Basel Review in executing the global Review coverage plan by leading COBRA Reviews of Banking Book Review Entities comprised primarily of direct, unfunded, contingent committed and uncommitted exposures, mortgages and credit cards exposures as well as securitization and equity exposures

• Maintain effective and timely communication with stakeholders across the organization, including Business, Independent Risk, Finance, Legal and Operations, to ensure a clear understanding, compliance with and correct implementation of US Basel Rules 

• Independently assess applicable governance and risk processes and procedures

• Assess compliance with US Basel Rules and accuracy and timeliness of RWA with an emphasis on the rules pertaining to exposures in Banking Book

• Communicate to Head of Banking Book Basel Review, the Head of COBRA and GRR Management any concerns and/or emerging risks that may jeopardize the assigned COBRA Review Entities

• Evaluate whether the Business has deficiencies in its governance processes and procedures that results or may result in incorrect RWA under Standardized and/or Advanced approach and/or non-compliance with risk management policies or regulatory capital reporting requirements

• Provide critical challenge of appropriateness and sufficiency of regulatory capital top-side adjustments proposed by Finance/Business

• Evaluate the appropriateness and effectiveness of Corrective Action Plans (CAP) aiming to remediate issues identified during COBRA Reviews

• Provide ongoing guidance as remediation pursuant to the CAPs is carried out to help ensure a timely and successful mitigation and subsequent validation of CAPs

• Ensure quality and consistency of work products that include Regulatory Capital Assessment Documents, COBRA Capital Review Plans and Review Reports created for the assigned COBRA Review Entities

• Assist in training on various US Basel Rule topics

• Manage and participate in ad hoc projects designated by the Head of COBRA or GRR Management

Requirements:

Knowledge/Experience:

• 10+ years of credit and credit risk experience, including experience in a regulated financial institution(s)

• Knowledge of or familiarity with US Basel Rules applicable to exposures in the Banking Book 

• Experience in deconstructing complex transactions and understanding the underlying risks

• Bank regulatory environment experience and close liaison with banking and other related industry regulators is advantageous

• Bachelor’s/University degree, Master’s degree preferred

• Senior Credit Officer designation (or equivalent) preferred

Skills/Competencies:

• Professional with a strong credit and credit risk experience in one or more of the following roles: corporate credit (structuring, underwriting, review and/or approval), counterparty credit risk, credit or audit review function, workout and restructuring, regulatory capital, financial reporting or regulatory supervision

• Extensive knowledge and understanding of wholesale or retail credit underwriting standards and principles, credit risk policies and strong analytical skills

• Knowledge of or familiarity with US Basel Rules and/or regulatory financial reporting is advantageous

• Proven ability to interact with senior stakeholders such as Business, Risk, Finance, Audit, Legal and Compliance, as well as senior leaders across the firm

• Strong project and time management skills with demonstrated ability to successfully handle competing priorities

• Excellent written and verbal communication skills with the ability to communicate clearly and concisely to audiences of varying levels of seniority and strong analytical skills including ability to analyze large data sets and demonstrated attention to detail

• Strong interpersonal skills and demonstrated ability to build relationships and exert influence without direct authority

• Proficient in Microsoft Office (Word, Excel, and PowerPoint)

We Offer:

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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