Head of Enterprise Risk Analytics

About Citi

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities.

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About the Group:

Enterprise Risk Management (ERM) within Independent Risk Management is responsible for overseeing the implementation of Citi’s Enterprise Risk Management Framework and for specific enterprise-level risk management programs and processes that span the organization, the lines of defense and various risk categories. These include risk identification, enterprise risk analytics, risk appetite & limits, new activity risk management, risk frameworks & policy, strategic risk, digital assets risk and climate risk. The group is headed by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO).

About the Role:

The current opening is for the head of Enterprise Risk Analytics (ERA) team reporting to the Head of ERM.

Key Responsibilities: The role has four key mandates.

Enterprise Stress Testing :

• Own the Enterprise Stress Testing Policy (ESTP) and ensure it is implemented across the organization

• Responsible to develop scenarios and economic forecasts for Risk and Finance Enterprise stress testing programs such as CCAR, CECL, GSST

• Define methodology and execute GSST and Rapid Stress Testing – two Enterprise level stress testing programs that complement each other and are created to support proactive risk management

• Perform Independent review of Risk Pool level stress testing programs to ensure compliance with ESTP

• Deliver a large transformation book of work related to end-to-end stress testing

Enterprise Risk Metrics: Own the Risk Capital and the Risk Appetite Ratio/Surplus (RAR/RAS) metrics:

• Own the Risk Capital and RAR/RAS Policy and ensure compliance across the organization and accountability for the end-to-end process to produce the metrics

Material Legal Entity ICAAPs:

• Responsible for end-to-end execution of Regulatory and ICAAP Stress testing for three of Citi’s largest Legal entities. Responsibilities include methodologies, execution, collaboration with various stakeholders and communication with Regulators and the Board

Legal Entity Oversight Framework:

• Responsible to design and implement an ERM framework for 20 of Citi’s largest Legal entities. The framework comprises of requirements for Risk Identification, Risk Appetite and Stress Testing

Development Value:

The successful candidate will have the opportunity to be part of a significant transformation effort of one of Citi’s foundational risk management programs, with active engagement across multiple business lines and regions. The candidate will have organizational exposure to senior management and subject matter experts across businesses and functions, including the Citigroup CRO and their leadership team.

Qualifications:

• 15+ of experience in the financial services industry, preferably with experience in developing stress testing as a risk management tool
• Proven experience in driving strategic, firmwide initiatives, including building stakeholder relationships and influencing / negotiating to achieve outcomes
• Good understanding of regulatory expectations and industry practices in stress testing
• Disciplined approach to execution, focused on making decisions that propel the project forward and avoid negative surprises
• Ability to synthesize complex concepts and effectively persuade senior audiences, orally in in writing
• Bachelor’s degree in financial, economics, mathematics or related field; Master’s degree and/or professional designations preferred

‘Candidates applying for this role must be aware that it is a Senior Management Function pursuant to the FCA and PRA Senior Managers Regime. The Senior Managers Regime is one element of the FCA and PRA Individual Accountability Regime which came into effect on 7 March 2016. Under the Senior Managers Regime, certain Citi entities must ensure that employees working in certain roles, designated as a Senior Management Function, where the individual is referred to as a Senior Manager, are assessed as fit and proper to carry out their role. As a Senior Manager your appointment must be pre-approved by the FCA and/or PRA before you perform any regulated activity. Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:

Honesty, integrity and reputation

Financial soundness

Competence and capability

By submitting your application, you acknowledge that you have read the information above and that you are applying for a Senior Management Function. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other relevant background checks.’

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Job Family Group:

Risk Management

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Job Family:

Enterprise Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Credible Challenge, Governance, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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