SVP, Risk Policy Senior Officer (Hybrid)

Job Description

USPB Risk provides oversight of US Personal Bank, International cards and personal banking unsecured portfolios in Hong Kong, Singapore and Dubai; defines the standards of credit risk for those portfolios per Citi's risk appetite framework; ensures compliance against corporate risk standards while enabling business growth; sets risk and control standards for the first line of defense and actively manages and oversees aggregate credit risk. 

Retail Portfolio Management organization within the USPB Risk sets standards for Personal Banking, CCAR, CECL, QMMF, loss forecasting processes and oversees the application of those standards (including review and challenge of all the models used in those processes and outcomes).  It also provides risk oversight, leadership and guidance to the Retail Risk businesses.

Retail Risk Senior Officer will focus on Cost of Credit Forecast for Retail Risk across consumer credit businesses, supports the senior risk management to provide oversight all the businesses. Retail Risk Senior Officer will ensure that the Loss Forecasting methodology and forecasted cost of credit metrics are adequate; appropriate controls are in place, and the material for senior business reviews are prepared and delivered to Citigroup’s Credit Committee, CFO and other business leaders, in a timely manner.

This position will work in concert with In-business Risk Portfolio managers and analysts, and internal functions, to coordinate official corporate forecast, understanding of the loss forecast drivers and process as well as understanding the risk and opportunities.

Responsibilities:

• Provide guidance and coordinate CoC activities for Consumer Credit businesses, including engaging with Modeling groups, in-business Retail and Wholesale groups and Finance groups.
• Establish cross-functional partnerships and networks in order to support and execute cross-functional controls and regulatory requirements for Consumer Credit businesses.
• Manage the quarterly forecast process for assigned businesses, setting up standards, sharing best practices, collecting information and creating a report for the Senior Risk Management.
• Track differences between actuals and forecast in order to retro-feed the process to improve forecast techniques.
• Participate in the Chief Risk Officer meetings to understand (and challenge if necessary) the forecasts assumptions and results.
• Exercise wide-ranging authority to define standards, procedures, and best practices, and oversee the execution of Loss Forecasting analyses, projects, and reporting initiatives to support Personal Banking, Wealth Management and Legacy Franchise.
• Provide strategic analytics and insight regarding CoC actuals and forecast to senior management, including preparing Citi’s CFO for earnings release (CFO Earnings preparation).
• Continually strive to improve process efficiency by identifying opportunities and proposing alternatives.

Qualifications:

• 6-10 years relevant experience. Have worked in banking industry or regulators institutions.
• Expertise in Microsoft excel, and deep understanding of data concepts is a must. Hands-on experience of analyzing data using SAS/SQL and/or proficiency in BI tool (e.g., Power BI, Tableau) is required. Proficiency in other Microsoft office tools (MS Word, Power Point, etc.)  is highly desired.

• Strong knowledge and understanding in consumer credit risk and basic knowledge of other areas of retail business is a must.
• Must have deep understanding of loss forecasting methodology and tools to capture & consolidate that information is a definite plus. Familiarity with statistical modeling is a plus.
• Must have strong knowledge of the risk cycle in order to understand and add value to the loss forecast process knowledge of credit stress test and modeling. 
• Excellent communication skills required in order to negotiate internally, often at a senior level.
  • Expertise in Consumer products (Cards, Unsecured lending, Mortgage, Secured lending), risk life cycle and processes.
  • Must have proven experience in Risk Management or similar areas as Decision Management within banking industry.
  • Portfolio Management experience in any of the following areas: Loss Forecast, CCAR Stress test or Credit reports is highly desired.
  • Ability to interpret financial and risk reporting as well as experience from the business and/or technical area desired.
  • Broad understanding of delinquency managed credit and operational policies and procedures, including a command of the collateral management process.
  • Ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas like in-business Risk and Independent Risk, Finance, Control, Accounting Policy, Compliance.
  • Experience with issues resolution including root cause analysis, mitigation plans, and remediation activities.

Education:

• Bachelor’s/University degree, Masters degree preferred.
  Finance, Accounting, Economics and/or Math-related degree

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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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