VP, RWA Analyst (Basel/CCAR) for Derivatives Team in Capital Planning

The Capital Planning team is responsible for managing capital of Bank, which involves primarily management of RWA (Risk Weighted Asset) and SLE (Supplementary Leverage Exposure) processes, actual as well as forecasting (CCAR). It is accountable for developing a sustainable operating model, leading the Global Process for RWA and SLE in order to comply with the continuously changing regulatory requirements across Forecasted and Actual RWA and SLE. For most of the regulatory capital disclosures, this team remains the face to the US and some of the regional regulators, and is required to attest the RWA and SLE numbers for various regulatory fillings

Regulatory Risk Analyst position to be based out of New York. The role involves working on RWA (Risk Weighted Asset) and SLE (Supplementary Leverage Exposure) forecasting for Yearly CCAR/Quarterly Internal Plan, working closely with RWA Actuals, Technology, Risk and Financial Planning teams within Citi. It requires working on strategic initiatives and performing review and challenge for forecasted RWA and SLE, to ensure that the calculation, model usage, assumptions, methodology and reporting is accurate. The role would be primarily focused on Derivatives exposures, and requires good understanding of product and Basel rule (Basel III and Basel Endgame)

Responsibilities

• Review forecasted RWA/SLE for Citigroup and CBNA, working closely with risk, finance, technology, modelling and internal Capital Planning teams
• Primary focus on RWA/SLE Forecasting of Derivatives Transaction transactions of Citigroup and CBNA
• Review and challenge work streams on RWA/SLE forecasting processes, methodology, assumptions and reporting
• Monitor actual RWA headwinds and reductions in order to assess it’s impact on RWA/SLE forecasting and weekly outlook
• Manage strategic initiatives and projects related to improvement of forecasting processes and output by working closely with respective teams
• Prepare outcome of review and challenge and present to work stream leads
• Summarize the progress of all strategic initiatives and keep senior management updated
• Participate in quarterly RWA forecasting process as needed
• Participate in resolution of Audit CAP, MRA and other regulatory responses as a subject matter expert
• Develop relationship with key stakeholders and help the team improve SME skill sets by providing or managing training program
• Partner with Technology, Finance and Risk to support organization’s overall goal to manage Capital efficiently. Provide guidance to teams on remediation of RWA to ensure the accuracy and integrity of the RWA. Represent the team in working group/steering committees when needed

Qualifications:

• Bachelor's degree in Finance or Accounting or related field preferred,
• 6-10 years of experience in Finance. Relevant experience (preferably Basel/RWA/Counterparty Credit Risk), within the financial services industry
• Must have advanced analytical skills but also the ability to see the big picture
• Excellent communication skills are imperative i.e. ability to make complex subjects easily digestible for senior management
• Exercises proven Power Point and Excel skills
• Ability to prioritize in a fast-paced environment Ability to interact with all levels of management Must be a team player
• Very good understanding of banking products, especially vanilla as well as complex Derivative and Secured Financial transaction products. Good knowledge of Capital markets and  financial products across various asset classes
• Self-motivated with the ability to make decisions in the absence of detailed instructions
• Good communication, written and presentation skills with ability to synthesize complex concepts

Education:

• Bachelors degree, potentially Masters degree. Preferably MBA or equivalent finance degree
• Certifications such as CFA and FRM would be 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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