Wholesale Credit Stress Testing and IFRS9 Oversight

Portfolio Management Group (PMG) is Risk Management group covering Citi’s Banking and International sector. The group establishes and monitor Wholesale Credit Limits, Reserve forecasting and Stress Testing. The Methodology Team in PMG oversee Wholesale Credit Methodologies, facilitating 1st and 2nd line review and challenge during the lifecycle of model development, ongoing monitoring aligned with credit expertise and regulatory expectations.

This role applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and workflows across Stress Testing and Reserve Forecasting under the International Financial Reporting Standards (IFRS9) within the Citi Wholesale Credit.

The successful individual will need 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 individual.

What you’ll do:

• Assist the 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 (model and non-model) and coordinate the requirements for sensitivity testing and reporting.
• Provide support in the development and documentation of IFRS and stress testing models and management overlays across IFRS and stress testing deliverables.
• 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.
• 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.

What we’ll need from you:

• 2+ years of prior experience in modelling team or model risk management function with knowledge of running coding in R, Python or SAS and with writing and editing technical documentation.
• 2+ years project experience in risk and ability to partner with Business & Technology stakeholders to ensure successful delivery of project goals.
• 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.
• Bachelor’s/University degree, Master’s degree preferred. CFA/FRM is a plus.

By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits such as:

• Private Medical Care Program
• Life Insurance Program
• Pension Plan contribution (PPE Program)
• Employee Assistance Program
• Paid Parental Leave Program (maternity and paternity leave)
• Sport Card
• Holidays Allowance
• Sport and team recreation activities
• Special offers and discounts for employees
• Access to an array of learning and development resources
• A discretional annual performance related bonus
• A chance to make a difference with various affinity networks and charity initiatives.

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-TM3

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