Head of Enterprise Risk Analytics

About Citi

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities.

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About the Group:

Enterprise Risk Management (ERM) within Independent Risk Management is responsible for overseeing the implementation of Citi’s Enterprise Risk Management Framework and for specific enterprise-level risk management programs and processes that span the organization, the lines of defense and various risk categories. These include risk identification, enterprise risk analytics, risk appetite & limits, new activity risk management, risk frameworks & policy, strategic risk, digital assets risk and climate risk. The group is headed by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO).

About the Role:

The current opening is for the head of Enterprise Risk Analytics (ERA) team reporting to the Head of ERM.

Key Responsibilities: The role has four key mandates

Enterprise Stress Testing:

• Own the Enterprise Stress Testing Policy (ESTP) and ensure it is implemented across the organization

• Responsible to develop scenarios for Risk and Finance Enterprise stress testing programs such as CCAR, CECL, GSST

• Define methodology and execute GSST and Rapid Stress Testing – two Enterprise level stress testing programs that complement each other and are created to support proactive risk. management

• Perform Independent review of Risk Pool level stress testing programs to ensure compliance with ESTP

• Deliver a large transformation book of work related to end-to-end stress testing

Enterprise Risk Metrics: Own the Risk Capital and the Risk Appetite Ratio/Surplus (RAR/RAS) metrics.

• Owning the Risk Capital and RAR/RAS Policy and ensure compliance across the organization and accountability for the end-to-end process to produce the metrics

Material Legal Entity ICAAPs: responsible for end-to-end execution of Regulatory and ICAAP Stress testing for three of Citi’s largest Legal entities. Responsibilities include methodologies, execution, and collaboration with various stakeholders and communication with Regulators and the Board

Legal entity Oversight Framework: responsible to design and implement an ERM framework for 20 of Citi’s largest Legal entities. The framework comprises of requirements for Risk Identification, Risk Appetite and Stress Testing

Development Value:

The successful candidate will have the opportunity to be part of a significant transformation effort of one of Citi’s foundational risk management programs, with active engagement across multiple business lines and regions. The candidate will have organizational exposure to senior management and subject matter experts across businesses and functions, including the Citigroup CRO and their leadership team.

Qualifications:

• 15+ of experience in the financial services industry, preferably with experience in developing stress testing as a risk management tool

• Proven experience in driving strategic, firmwide initiatives, including building stakeholder relationships and influencing / negotiating to achieve outcomes

• Good understanding of regulatory expectations and industry practices in stress testing

• Disciplined approach to execution, focused on making decisions that propel the project forward and avoid negative surprises

• Ability to synthesize complex concepts and effectively persuade senior audiences, orally in in writing

• Bachelor’s degree in financial, economics, mathematics or related field; Master’s degree and/or professional designations preferred

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