The Regulatory Risk Officer is a strategic professional who stays abreast of developments within consumer credit risk and provides oversight (as second line of defense Risk function) including within scope regulatory exercises, e.g. CECL and CCAR loss forecasting. Recognized technical authority for an area within the business. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. 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.

This role sits in the Retail Portfolio Management organization within USPB Risk which sets standards for Personal Banking on CECL, CCAR, other quarterly loss forecasting processes and strategic plan, oversees the application of those standards (including review and challenge of all the models used in those processes and outcomes). It also provides risk oversight, leadership and guidance to the Retail Risk businesses.

This position will work in concert with In-business Risk Portfolio managers, analysts, and internal functions, to coordinate retail forecasts for broader corporate consumption, to prepare, summarize & analyze data, understand the key drivers of loss forecast outcomes, maintain a strong understanding of the processes, as well as risks and opportunities.

Responsibilities:

• Provide guidance and coordinate Allowance and/or Cost of Credit (CoC) activities for Consumer Credit businesses, including engaging with Modeling groups, in-business Retail and Wholesale Risk, and Finance partners.

• Provides strategic analytics and information for management across retail lending products; with insight to data-quality and controls.

• Prepare materials for and/or participate in manage meetings to understand (and challenge if necessary) the forecasts assumptions and outcomes

• Conduct analysis to respond to regulatory and business questions and provide portfolio insights.

• Performs data analysis to monitor and track portfolio quality and trends.

• Provides project management support for various initiatives as needed, or for delivery of regulatory solutions. (i.e., CECL, stress test and CCAR regulatory requirements, etc.)

• Provides support for adherence to internal EUCs (End User Computing) requirements and best practices.

• Partners with stakeholders to understand and quickly respond to stakeholders needs. Proactively seeks stakeholders feedback to adapt to change throughout organization.

• 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.

• Communicate to management implications of existing and developing regulations and/or internal policy changes. This may include regulations or policies related to specific product or macro / systemic regulation, including standards to comply with lending / allowance / CECL accounting standards and regulations from central banks and regulatory authorities.

Qualifications:

• 5+ years relevant experience in credit analysis, product program governance, and/or risk management framework. Have worked in banking industry or regulators institutions.

• Expertise in Microsoft Office – particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).

• Strong knowledge and understanding in consumer credit risk and basic knowledge of other areas of retail business is a must.

• Keen understanding of loss forecasting methodologies and tools to capture & consolidate that information. Familiarity with statistical modeling and analytic tools is a plus.

• Strong knowledge of the credit risk cycle to add value to broader discussions.

• General understanding of classifiably and delinquency managed credit and operational policies and procedures.

• 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 like Regulatory Affairs, Communications, Legal, Compliance, Control, in-business Risk and Independent Risk.

• Good knowledge of Citi products, risk processes and controls with good understanding of regulatory requirements and risk management framework.

• Experience in compiling process and data quality metrics, analyzing results to clearly communicate data-driven analysis to senior management.

• Proficient in MS Office applications (Excel, Word, PowerPoint).

• Tableau experience preferred

Education:

• Bachelor’s/University degree, Master’s degree a plus.

• Finance, Accounting, Economics and/or Math-related 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.

Additional locations: Tampa, FL and Wilmington, DE

Job Family Group:

Risk Management

Job Family:

Regulatory Risk

Time Type:

Full time

Primary Location:

Irving Texas United States

Primary Location Full Time Salary Range:

$125,760.00 - $188,640.00

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:

Aug 29, 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) .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer.

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