The **Vice President-** **Mortgage Default** **Decision Frameworks** is an individual contributor risk management position that will be responsible for (1) Decision science in mortgage default including decision frameworks, models & tool supporting use cases in Equity Analysis, Foreclosure Bid and REO pricing (2) Business unit’s adherence with Citi policies and applicable supervisory and regulatory guidelines.  You will work closely with the stakeholders in risk management, policy, independent risk, mortgage-servicing legal & compliance areas supporting both US Personal Banking and Wealth divisions on an expansive set of portfolio objectives to deliver performance aligned with Citi’s risk-appetite framework.       The role requires a strong understanding of the US residential real estate industry, mortgage servicing landscape, supervisory guidelines, applicable regulations, and deep expertise in the Residential Distressed mortgage valuation and decision frameworks. Experience in Decision sciences for Loss Mitigation, Equity Analysis, Foreclosure Bid Pricing and REO asset pricing etc., in residential real estate (mortgage, home-equity) or a structured finance setting. In addition, excellent communication skills are required to engage with, influence and persuade key stakeholders internally, often at a senior level. The role may also require some external communication with regulators and sub-servicer.        The Vice President-Mortgage Default Decision Frameworks is responsible for overseeing the valuation model(s), tools and decision engines that assist in determining the approach and executing functional strategy in the Default Risk Management area. Impact reflects strategic influence on the business and interaction with other functions or businesses.   **Responsibilities:**   + Manage the documentation and execution results of distressed asset valuation model(s) and tools as well as decision sciences for Loss Mitigation, Equity Analysis, Foreclosure Bid Pricing and REO asset pricing etc., in residential real estate (mortgage, home-equity) or a structured finance setting. + Perform and/or review daily/weekly/monthly procedures & controls monitoring the inputs and outputs of the decision engine(s), valuation tools and/or models supporting Default Servicing. + Identify and escalate risk and control issues to controls partners and senior leadership within the Risk Organization with transparency, in a timely fashion and in adherence to applicable policies and procedures.  Maintain valuation tool oversight and recommend changes/improvements as appropriate + Engages in activities to provide independent compliance and operation risk oversight of the Credit Risk performance and any third party/vendor relationships in alignments with Global Policies and Standard Operating Procedures   + Develop, track and report on key initiatives, performance results, and emerging trends, analyzing risks, and ensure appropriate escalation and communication is provided to senior leadership + Stay up to date on current market developments and industry standards + Responsible for model and tool documentation, reviews, certifications, etc.in accordance with internal policies, applicable regulation and supervisory guidelines + Drive compliance with applicable laws, rules and regulations, adhere to Policy, apply sound ethical judgment regarding personal behavior, conduct and business practices, and escalate, manage and report control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail tomaintain these standards **Qualifications:**        + 6+ years of default strategy and/or risk management experience, ideally with a large bank mortgage portfolio or equivalent consumer credit portfolio management experience at a leading consumer financial institution with knowledge of consumer residential real estate market and regulatory management in the U.S.     + Knowledge and expertise in holistic risk management (identification, measurement, monitoring) risk analytics, risk oversight in addition to default servicing (ex. foreclosure, bankruptcy) domain experience desired.     + Experience in Distressed Mortgage Pricing, Valuations and/or Structured Finance, preferred + Ability to navigate complex decisions and situations including engagement with various senior stakeholders (CRO, LOB CEOs, senior business representatives and regulators).     + Strong, clear, concise written and verbal communication capabilities. (ex. complex issues in concise executive summaries).      + Experience in leading highly visible, cross line-of- business initiatives across multiple functions. The ability to work with a diverse group of stakeholders to achieve milestones and meet deadlines.     + Ability to work effectively on virtual teams, including across different geographies and time zones preferred.    + Demonstrated ability to establish strong relationships with senior stakeholders and partner effectively with peers across functional areas and lines of business.      + Demonstrated ability to synthesize, prioritize and drive results with urgency.    + Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, Visio. Technical capabilities in SAS/Python/SQL considered a plus **Education:** + Bachelor's degree/University degree or equivalent experience + Master's degree preferred. ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Credit & Portfolio Risk Management ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** Wilmington Delaware United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $114,720.00 - $172,080.00 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. ------------------------------------------------------ **Anticipated Posting Close Date:** Nov 19, 2024 ------------------------------------------------------ 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. 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