VP, Risk Portfolio Officer (Emerging Risk and Concentration Risk Analytics) - Hybrid

You will be part of the First Line Risk Management, responsible for Emerging and Concentration Risk in the Citi North America Cards business.  With a pre-eminent global brand and distribution, Citi North America is a market leader in the US credit card industry and maintains its leadership position by delivering industry-leading products, advanced services and payment systems that address clients’ evolving needs. North America Risk Management division comprises of highly qualified individuals spread across the globe, and our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

You will lead and perform work related to Concentration risk, including: Actively identify risk pools associated with the business activities; Monitor and escalate material concentration risks to business management and risk;  Provide input to risk on concentration thresholds and incorporate these into limit setting practices.

Responsibilities:

• Lead and perform work related to Concentration risk, including: Actively identify risk pools associated with the business activities; Escalate material concentration risks to business management and risk;  Provide input to risk on concentration thresholds and incorporate these into limit setting practices; Ensure business activities that result in concentration risk are managed within approved risk limits, as applicable; Actively monitor, escalate and mitigate material and emerging concentration risks; Report and escalate material and emerging concentration risks to business line management including ECRM and risk, including documented action plans for limit breaches

• Enhance and align business processes and controls to adhere to ECRM requirements, and perform a set of governance routines to ensure disciplined tracking of Inter Risk pool concentrations and proper escalation procedures and controls

• Collaborate with Risk Modeling, Portfolio and New Account Forecasting, Data and Reporting teams through the annual stress testing processes (CCAR, Mid-cycle stress testing, Recovery Plan), and associated governance activities (Manager Control Assessment, End User Computing, Activity Risk Control Monitoring and its Assessment Units)

• Work with the modeling team and economic forecasting team to ensure Macro-Economic metrics reconcile with the overall economic scenarios.

• Provide Risk Management the most recent updates that includes the latest macro-economic trends and key emerging and economic risks to the portfolio

• Produce economic, portfolio and industry analysis relevant to the US Branded Cards portfolio

• Partner with internal and external organizations to understand sources of data and continue to improve the process of defining, extracting and utilizing data

• Perform ad-hoc analysis to answer senior leadership questions, and prepare risk management presentations for senior management that include analytics on areas of potential risk and/or opportunity

• Utilize Statistical Analysis System (SAS) in a UNIX environment to perform risk, financial and data analyses including profiling, sampling and forecasting

• Provide quantitative support, compose and develop governance documentation for review with internal and external audit teams (FCR, OCC, Federal Reserve Bank and FDIC), respond to requests and follow-up questions, and close corrective action plans.

• Establish and leverage cross-functional partnerships and network with key internal and external constituencies

• Drive continuous improvement of information controls with organizations outside of Risk to meet business objectives.

• Establish and continually update standardized business and submission documentation.

• Mentor new staff on existing processes and data sources

• Automat existing processes and deliverables

Qualifications:

• 5 years or more of experience in credit card risk management or equivalent training and experience preferably in the financial services industry

• Broad understanding of overall credit card business and key drivers of profit and loss

• Vision and ability to provide innovative solutions to core business practices

• Ability to develop partnerships across multiple business and functional areas

• Strong analytical, communication, and project management skills; position also requires the ability to work with all levels within the organization to drive projects to completion.

Education:

• Bachelor’s degree in Economics, Mathematics, Engineering, Statistics, Operations Research, or a relative quantitative discipline

• Masters degree, in a similar quantitative discipline preferred

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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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