Director, Retail Portfolio Risk Management (Hybrid)

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

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We are looking for an executive level modeler to provide oversight to our real estate secured CCAR loss estimation modeling and results evaluation. This role will entail defining how we should approach modeling losses for CCAR for our secured portfolios based on industry best practice and regulatory guidance. This role will provide risk oversight across all secured products globally. The role requires frequent contact and interaction with Model Development teams, Model Risk Management validation groups, and CCAR planning and governance units. The position requires a unique perspective on the management of mortgage products in particular, and risk management at Citi Retail in general that spans all risk types (that includes lending, operational, market, compliance, reputational).

Responsibilities:

• Comprehensive understanding of industry best practice and regulatory expectations on model development. Fully understand SR11-7, and abreast with the latest CCAR guidelines and expectations.
• Extensive understanding of mortgage and other secured products—structures, industry mechanics, risks, analytical tools.
• Extensive experience with industry best practice modeling techniques and demonstrable skills in rapid development, prototyping, benchmarking, and empirical analysis.
• Perform or direct research to challenge, support, or improve modeling approaches. Prototype or guide development of benchmark or confirming models
• Review and dissect forecasts and their drivers
• Analyzes the impact of changes in macroeconomic indicators on portfolio/business performance. Proficient in scenario analysis.
• Direct experience in managing unsecured products through crises/economic cycles
• Proficient in using MIS to manage risk.
• Experienced negotiator (internally and externally). Well-developed influencing skills.
• Regularly communicates and ensures key messages are cascaded throughout the organization.

Qualifications:

• Advanced Degree (Bachelor's Degree Required, Master's or PhD Preferred) in Statistics, Applied Mathematics, Operations Research, Data Science, Economics, Engineering/Physics, or other highly technical quantitative discipline
• Is an experienced risk management professional with at least 8+ years in the Financial Services industry covering mortgage portfolios.
• Extensive experience in performing and leading quantitative analysis, statistical modeling, loss forecasting, loan loss reserve modeling, Basel and (especially) econometric modeling of consumer credit risk. Has had an active leadership role in successfully executing the analytical components of an econometric modeling-driven stress loss process
• Advanced Econometric modeling skills using SAS, Python or other statistical software. Proficient with data analysis using SAS, SQL, or other software.
• Proven ability to lead and accomplish through both influence and oversight organizational constructs
• Experience in delivering technical presentations to and managing examinations and ongoing relationships with external regulators (e.g., FRB, OCC, FDIC) and internal audit functions
• Excellent written and verbal communication skills with significant presentation assembly for and delivery to senior and executive level audiences.
• Candidates who have performed comparable functions to those listed above for significant, complex financial institutions at a consulting company, vendor, or service provider would be strongly considered as well.
• Demonstrated strong leadership experience, especially in transitioning or challenged environments (including strong facilitation skills)

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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.

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Anticipated Posting Close Date:

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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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