Head of Enterprise Risk Analytics (ERA)

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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 two key mandates

Stress Testing:

• Own the Enterprise Stress Testing Policy (ESTP) and ensure it is implemented across the organization
• Independent review of Risk Pool level stress testing programs to ensure compliance with ESTP
• Manage the Transformation program with ~70 RBCMs. The program is federated with most of the RBCMs owned by Risk Category 2LOD who lead ‘Risk Pools’. The ERA lead will support the RBCM owners by
  • providing them a list of required artifacts with examples and
  • coordinating across different RBCM owners to resolve dependencies
• Own GSST and Rapid Stress Testing – two Enterprise level stress testing programs. Ownership means
  • accountability for the end-to-end process even if certain activities are delegated
  • Championing the use of these programs for enterprise purposes including risk identification, limit monitoring and capital planning

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

• Owning the Risk Capital and RAR/RAS Policy and ensure compliance across the organization
• Accountability for the end-to-end process to produce the metrics even if certain activities are delegated
• Championing the use of these metrics for enterprise purposes including risk identification, limit monitoring and capital planning

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:

• Demonstrable 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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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.

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