Regulatory Risk Sr Officer I – Loss Forecast-Hybrid

The Regulatory Risk Sr Officer I is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project. .This dynamic individual will collaborate closely with Risk and Business product leads, Independent Risk, Collections and Finance on critical components (losses & delinquencies) which are instrumental to the health, soundness, and continued growth of a cards business.

Responsibilities:

Lead risk financial forecasting efforts, including designing and maintaining complex credit loss and financial risk forecasting models

Conduct cost of credit and delinquency analyses and monitoring product trends to identify key areas of risks-opportunities

Responsible for providing risk strategic analytics, information management across Citibank products and reports to senior management

Responsible for communicating to executive management implications of existing and opposed regulation and developing potential responses. This may include regulations related to specific product or macro / systemic regulation, including standards to comply with Basel II / III, MiFID, U.S. Fed, Treasury, FDIC and regulations from other central banks and regulatory authorities.

Regulatory risk project management ownership (business requirements, analysis and testing) for delivery of regulatory solutions. (i.e.. CECL, Part 30 core capabilities initiatives, stress test and CCAR regulatory requirements, etc.)

Analyzes new risk-related guidelines, best practice standards, rules and regulations

Directs the approach to answering questions and involve appropriate Risk functions in Citi with audits and regulators.

Provides Project Management of various deliverables for Portfolio Risk Review chapter. Involvement in rationalization of EUCs (End User Computing) used for Portfolio Risk Reviews.

Significant interaction with a wide range of senior bank and risk management colleagues, as well as external stakeholders such as regulators / auditors.

Initiates feedback session with Client to understand strength and focused areas. Leverages feedback to influence change throughout organization.

Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firms reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

10 years relevant experience

Should have excellent proficiency in Microsoft Office – particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).

Broad understanding of classifiable and delinquency managed credit and operational policies and procedures, including a command of the collateral management process.

Experienceincreditcardriskmanagementorequivalenttrainingand experience preferably in the financial services industry

Thorough knowledge of financial and risk reporting as well as experience from the business and/or technical area desired.

Familiarity with regulatory landscape facing global banks. Ideally, have worked in banking industry or regulators institutions.

Previous experience in managing Regulatory Inspections and Audits within a financial services company.

Professional ability and presence to interact with Senior Bank, Regulatory and Audit Management.

Project management knowledge and experience working with diverse group of stakeholders to achieve milestones and deadlines.

Proven relationship management skills with ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas like Government Affairs, Communications, Legal, Compliance, Control, in-business Risk and Independent Risk.

Project management experience with the proven ability to develop project plans and drive a diverse group of stakeholders to achieve milestones and deadlines

Education:

Bachelor’s/University degree in business, statistics, mathematics, economics, or equivalent

Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Risk Management

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Job Family:

Regulatory Risk

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Time Type:

Full time

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Primary Location:

Schaumburg Illinois United States

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Primary Location Full Time Salary Range:

$156,160.00 – $234,240.00

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:

Oct 24, 2024

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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.

Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

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View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp%20EnglishformattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.