The Real Estate Risk Group Manager is a strategic professional who manages governance related activities for the Banking and International Risk - Real Estate and Securitization Group. Real Estate and Securitization is responsible for overseeing risks taken in connection with real estate activities which includes extensions of credit that are secured by liens on or interests in real estate, direct and indirect private equity and public market real estate investments, capital markets, construction lending, servicing, any consumer or commercial loan undertaken when real estate security or real estate activity, or an asset sale, or a refinancing is contemplated as a first or second way out. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas including internal/external audit and regulators. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

• Understand the exposure and portfolio characteristics of the Real Estate portfolio to identify key underlying risk drivers, including internal drivers across the various portfolios (e.g. Citi Community Capital, Corporate Loan Portfolio, Global Spread Products, etc.), as well as external drivers across the industry.

• Project management for complex initiatives across the Real Estate Risk organization including defining scope, initial planning, dependency identification/management, risk/issue management, implementation execution and executive status reporting

• Analyze macroeconomic variables and understand the impact to financial projections.

• Performing creditable review and challenge for Citigroup stress testing workstreams across methodology, results, governance, and processes.

• Enable continuous improvement by partnering with Workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps in compensating controls.

• Ensure data integrity, accuracy and timeliness in all financial reporting and presentations.

• Tableau based reporting and data analysis

• Prepare regular and time-sensitive analytics, visualizations and reports to the risk managers, senior management with close collaboration with risk managers/subject matter experts.

• Leverages technical expertise to execute quantitative analyses that translates into actionable insights for management.

• Drive process improvements opportunities and capabilities to increase consistency, transparency, and reliability of stress testing results.

• Partner with Technology to design strategies for an automated solution to ensure complete, correct, and timely reporting

• Has the ability to operate with a limited level of direct supervision.

• Can exercise independence of judgement and autonomy.

• Acts as SME to senior stakeholders and /or other team members

• 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:

• 10+ years previous risk experience required

• Knowledge of mortgage bankers, REITs, securitizations, warehouse financing and capital markets required

• Excellent attention to detail. Willingness to learn new products. Possess complex and diverse knowledge of financial services. Comprehensive understanding of applicable industry regulations and standards

• Candidate should possess proficient analytical skills and an ability to communicate reviews and reports both in writing and in oral presentations

• Analytical and quantitative skills with ability to perform credit analysis

• Proficiency in Excel, PowerPoint, Word as well as database management experience

• Tableau experience preferred

• Excellent attention to detail and willingness to learn new products

• Comprehensive understanding of applicable industry regulations and standards

Education:

• Bachelor’s/University degree, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Job Family Group:

Risk Management

Job Family:

Real Estate Risk

Time Type:

Full time

Primary Location:

Getzville New York United States

Primary Location Full Time Salary Range:

$125,200.00 - $187,800.00

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.

Anticipated Posting Close Date:

Jul 15, 2024

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 Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.