New York, NY, 10176, USA
46 days ago
VP, Regulatory Risk Officer (Hybrid)
The Regulatory Capital Interpretation and Analysis Team (“CIAT”) within the Chief Risk Office - FInance (“FINCRO”) provides the second line independent review and approval of regulatory capital interpretative conclusions made by the Regulatory Capital Policy Group (‘RCPG”) within Finance- Capital Controllers for complex transactions globally. As a control function, CIAT plays a critical role in ensuring the accuracy of Citi’s externally reported RWA actuals under Basel III and is actively involved in the internal review and approval of the proposed Basel III Endgame enhancements. The Basel RWA Generalist will report to the Head of CIAT, a Managing Director, and will act in a support role for senior members of CIAT staff during the review and challenge of regulatory capital analyses and treatment conclusions for new products and complex transactions. Globally, CIAT performs an advisory role on more than 100 complex transactions each year. The scope of the role is both capital policy and transaction-oriented and there is extensive interaction with senior members of the Business, Line Risk, Legal and RCPG during the transaction structuring, review, and approval process. The Basel RWA Generalist will also participate in a supporting role in the new product approval process during the review and approval of a wide range of new and complex banking products. **Key Responsibilities** **:** + Act as a junior member of the CIAT team which provides independent review and challenge of regulatory capital policies and RWA technical interpretations for Citigroup firmwide. + Provide support for Basel III RWA subject matter experts across a range of exposure/product types and in the development of regulatory capital and risk policies. + Within and across Basel exposure types, provide support to senior members of CIAT staff during the second line of defense (i) review and approval process with respect to the proper regulatory capital interpretations and RWA treatment of complex financing transactions, and (ii) determination of risk mitigation benefits. The analyses typically include reviewing legal documents, risk approval memos, risk rating methodologies and financial accounting treatment. + Provide back-up support for CIAT’s daily governance process management activities. + Develop understanding of Citi’s capital management and risk management policies, systems, infrastructure and data requirements. **Job Requirements/Qualifications** + Excellent academic record preferably in finance or accounting. + Minimum Bachelor’s level qualification with 6+ years of work experience in the financial industry. + Excellent communication skills are required, with the ability to decompose complex concepts into simple concepts and clearly articulate them to a broader audience + Be organized, disciplined and detail oriented. + Highly motivated, self-starter who can operate both independently and as a member of a global team + Experience in Risk Management is preferred (including knowledge of Citi’s organizational structure and risk policies). + Initially, the individual must have a basic knowledge of Basel III concepts and related RWA calculations. Over time, the individual must become proficient in the US Basel III rules and Citi's capital policies. **Developmental Value** This role provides a unique opportunity to learn and grow in a collaborative team comprised of subject matter experts through active participation in live transaction analysis. The Basel RWA Generalist will develop an in-depth knowledge of the US Basel Rules across exposure types, deepen their risk management knowledge, and gain a unique firm-wide perspective of Citigroup’s businesses and products. The role will involve significant interaction with FINCRO members, Capital Controllers, Accounting Policy, Wholesale Credit Risk, Legal and the Business. The Basel RWA Generalist will participate in a variety of important strategic RWA projects, including the development of regulatory capital polices and the implementation of the expected Basel III end game enhancements, and will develop a strong understanding of the end-to-end processes impacting RWA at Citigroup globally. ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Regulatory Risk ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $142,320.00 - $213,480.00 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:** Sep 20, 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. 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)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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