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VP Wholesale Model Governance and Stress Testing

Company: Citigroup Inc.
Location: Wilmington
Posted on: May 24, 2023

Job Description:

VP Wholesale Model Governance and Stress TestingDescriptionCiti, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.Summary: -The role applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and workflows for CCAR and CECL standards within the Citi Wholesale Credit. Integrates subject matter and industry expertise within the CCAR frameworks. Requires in-depth understanding of how various stakeholders collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Requires good analytical and documentation skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple stakeholders. Strong communication and diplomacy skills are required. Work and performance of all teams in the area are directly affected by the performance of the individualKey Responsibilities: -

  • Assist model sponsor/delegates managing Wholesale model enhancement across the life cycle, including model development, re-calibration and on-going performance monitoring.
  • Provide support in the model methodology enhancement and documentation of stress testing models and management overlays across CCAR and CECL deliverables.
  • Development and management of model and non-model assumptions, sensitivities and testing of the various wholesale credit stress applications. The candidate will support all activities around the development of the Citi assumption framework applying to PD, LGD and CCF models, and coordinate the requirements for sensitivity testing and reporting.
  • Assist the Citi wholesale credit model enhancement plan and stress testing model governance, partner with multiple stakeholders in quantitative research, credit, finance, technology. Support the production of documentation and handouts for senior committees reviews and approvals.
  • Partner with Model Risk Management and Internal Audit to proactively address model limitations and compensating controls.
  • Performs analytics and root cause analyses to respond to regulatory and business questions and provide portfolio insights.Additional responsibilities include:
    • Subject matter knowledge of Wholesale credit and the general principles of credit risk management should be a part of the individual's area of expertise. This includes an understanding of the Wholesale credit portfolios and businesses, manage and monitor risk. -
    • Partners with Clients to understand and quickly respond to Client needs. Proactively seeks Client feedback to influence change throughout organization.
    • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's 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:
      • 2+ years of modeling background preferred with knowledge of credit risk model development processing and model tests, including model fitting, back-testing and sensitivity.
      • 3+ years project experience in risk and ability to partner with Business & Technology stakeholders to ensure successful delivery of project goals.
      • Experience in writing and editing technical documentation and coding in R, Python or SAS.
      • 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).
      • Proficient ability to interpret business requirements and understand model outputs for the purpose of liaising with developers, technology and the business
      • Knowledge of banking domain especially risk management and basic understanding of various credit policies.
      • Demonstrate financial and risk reporting knowledge as well as experience from the business and/or technical area desired.
      • Project management knowledge and experience working with diverse group of stakeholders to achieve milestones and deadlines and capability to handle multiple projects at one time.
      • Proven relationship management skills with ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas
      • Good knowledge of risk processes and controls with good understanding of regulatory requirements.
      • Experience in compiling process and data quality metrics, analyzing results to clearly communicate data-driven analysis to senior management.Education:Education Level: -Bachelor's Degree, Master Degree preferred. CFA/FRM is a plusPrimary Location: -NAM-USA-NY-New York, Flexible to other key hub locations for Wholesale Credit RiskJob Category: -Risk ManagementSchedule: -Full-timeShift: -Day JobEmployee Status: -RegularGrade/Level: -C13-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Regulatory Risk------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:Irving Texas United States------------------------------------------------------Primary Location Salary Range:$121,560.00 - $182,340.00------------------------------------------------------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 .View the "" poster. View the .View the .View the

Keywords: Citigroup Inc., Wilmington , VP Wholesale Model Governance and Stress Testing, Executive , Wilmington, Delaware

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