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SVP, Retail RWA Oversight lead (Hybrid)

Company: Citi
Location: Irving
Posted on: September 16, 2023

Job Description:

The Retail RWA Oversight Group is a newly formed team within Personal Banking and Wealth Management (PBWM) Risk Management. The focus of the group is to support the PBWM CRO in - oversight of the Retail Advance RWA, including- Oversight of governance & controls/ standards, and partnering with other stakeholders to support the Capital Management Transformation effort.

This is a senior position that sits within Personal Banking & Wealth Management, Independent Risk Management, and reports to the Director of Retail RWA Oversight function (Retail Risk Accountable Unit lead). The role provides leadership bench strength to Citi's effort of building a sustainable Capital estimation & management process

Job requirements include:

  • Support/ manage timely completion of deliverables with regards to key Basel processes owned by Retail Credit Risk.
  • Review Advanced RWA model output for reasonableness; review/challenge/ approve overlays as appropriate
  • Participate/ contribute in presentation of Advanced RWA model output to Risk Governance Forums for the risk stripe; obtain approval
  • Partner with model sponsors to submit required reports/analytical package to FCRO for use in Senior Risk Governance forums
  • Oversee creation of analytical packages (working with model sponsors & Finance CRO) to review RWA results for both SRWA and ARWA in various Risk and Finance executive forums
  • Lead and/ or participate in discussions with businesses to identify reasons for changes/ movements in RWA
  • Use SME knowledge (Basel and Risk management practices) to review/ challenge justifications provided by business and model sponsors
  • Oversee and/ or execute controls to monitor adjustments e.g., overlays etc. for compliance with MRM policy
  • Ensure compliance with relevant regulatory notification requirements for Adv. RWA systems
  • Oversee accuracy of model inventories and related model changes to support Regulatory notification requirements (BCC 14-2)
  • Oversee remediation of model, data, and process limitations as well as any non-compliance with MRM Policy, working in partnership with model sponsors
  • Participate/ contribute to providing risk assigned documents/ sections of Capital policies, standards, procedures etc. Citi is continuing to strengthen its RWA processes. This senior risk lead will be participating in this firm-wide effort. This senior risk lead must possess technical and quantitative skills, possess sound knowledge of consumer credit risk management, and demonstrate familiarity with Basel capital adequacy models, and know-how of the global systems and data. He/ she must be able to grasp the vision/roadmap of senior management, to distill to necessary analyses that will drive decision-making. This individual will also interface with cross-functional teams within Infrastructure and IT groups, Risk and Reporting, policy teams, Finance, CRO Finance and businesses to design, test and deploy standards and conduct monitoring of the proper usage.

    • Advanced Degree (Masters) in Statistics, Physics, Applied Mathematics, Operations Research, Econometrics, Engineering, or other quantitative discipline is desired but not mandatory
    • 10+ years of work experience, with 5+ years of experience in an analytical capacity required
    • Demonstrated experience in development and/or
      • Oversight of models
      • Structuring and integration of broad and diverse data sources
      • Technology infrastructure and processes
      • RWA/ Basel processes
      • Stress testing aggregation
      • Understanding of Consumer Credit Profit & Loss Drivers preferred
      • Strong writing skills - ability to structure and write standards and manage governance documents
      • Detailed-oriented, high level of intellectual curiosity and strong sense of ownership
        Leadership Competencies:
        • Senior executive interactions - can present credibly to both large and small groups
        • Excellent interpersonal skills - ability to distill problem objectives into practical analyses to enable decision making
        • Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds. Demonstrates strong ethics
        • Develops strong relationships across risk management and cross-functionally
        • Capable of effectively working with cross-functional teams outside of direct control; High degree of comfort working with onshore and offshore teams
        • Contributes to a positive work environment; shares knowledge and supports diversity; remains calm and optimistic under pressure
        • Works well in a culture that is agile and capable of quickly responding to changes in the environment; embraces change and challenges status quo -

          Job Family Group:

          Risk Management -

          Job Family:

          Credit & Portfolio Risk Management

          Time Type:

          Full time

          Primary Location:

          Tampa Florida United States

          Primary Location Salary Range:

          $126,510.00 - $189,760.00

          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 .

          View the " EEO is the Law " poster. View the EEO is the Law Supplement .

          View the EEO Policy Statement .

          View the Pay Transparency Posting

Keywords: Citi, Irving , SVP, Retail RWA Oversight lead (Hybrid), Hospitality & Tourism , Irving, Texas

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