Balance Sheet & Capital Management - Deal-Level Capital, Vice President
Citigroup
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Balance Sheet & Capital Management team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
**Team/Role Overview:**
Citi Services is one of Citi’s five interconnected businesses and at the heart of Citi’s global network. Citi Services includes Treasury & Trade Solutions (TTS) and Securities Services. TTS provides an integrated suite of Liquidity, Payments and Trade/Working Capital solutions to multinational corporations, financial institutions, public sector organisations and increasingly mid-sized corporate clients. Securities Services provides global institutional clients a wide range of solutions, including custody, fund services, execution services and issuer services.
Capital optimisation is a critical area for Citigroup and represents a significant challenge facing the financial services industry. As a firm, our ability to effectively lead in this area will be a significant determinant of our future competitiveness. It also helps satisfy a regulatory requirement for enhanced connection between strategic planning and capital planning.
Balance Sheet and Capital Management (BSCM) is a specialised team responsible for ensuring an effective and efficient use of Services’ balance sheet with the goal of improving return on capital measures. Key benefits include development of specialised capital knowledge, experience developing and executing complex analytical processes, exposure to senior leadership and multiple products across Services, and working in a rewarding, creative, and dynamic environment.
Services Deal-Level Capital VP will play a critical role in Services’ capital and balance sheet strategy by supporting capital investment at the transaction and client level to align decision-making tools, such as the pro-forma pricing calculator and Citi-wide client returns analytics, with risk and capital related balance sheet platforms and actualised capital requirements and financials. The successful candidate will report to Head of Services BSCM and, over time, become a Capital & Balance Sheet SME, supporting various asset businesses with Services, including TTS Trade and Working Capital Solutions organisation and Commercial Cards.
**What you'll do:**
The key areas of responsibility of the role are:
+ Analyse client pricing and advise on modeling assumptions of transaction returns to support deal-level decision making with Trade & Working Capital Solutions Product and Sales managers.
+ Partner with Client Analytics to drive enhancements to client level RWA, Capital, Tangible Common Equity (TCE) and Liquidity metric calculations in the deal level pricing RoRC Calculator and CIW platform.
+ Ensure enhancements to the RoRC Calculator and Client Returns methodology are made in line with expectations before release, such as enhanced calculations, functionality and usability.
+ Identify inconsistencies in client financials/TCE, Services RWA, and other Services capital metrics (GSST/CECL); escalate systemic issues and create Data Concerns, identify root causes, and influence automated solutions.
+ Optimise eligible new client originations and manage Treasury’s FAS 133 SOFR Cash Flow Hedge program for TTS Trade, in order to help the business realize up to $10MM+ in revenue from reduced liquidity costs.
+ Explore opportunities amongst the Trade and Working Capital Solutions product pillars that can be leveraged to enhance capital and Return on Tangible Common Equity (RoTCE).
+ Partner with RWA controllers to ensure validity of Top Side Adjustments (TSAs) and take action, where applicable, to reduce or systemically remediate excess capital (e.g. Corporate Guarantees and Collateral).
+ Liaise with Regulatory Policy and Capital Group (RCPG), Capital Interpretive & Analytics Team (CIAT) and Confirmation of Basel Classification Review and Analysis (COBRA) on RWA and capital actions requiring regulatory interpretation to support capital mitigation opportunities.
+ Provide capital training and develop education initiatives globally, utilising our partners, for the Services organization to increase knowledge on everything related to RoTCE and capital. Maintain up to date materials and news articles on our dedicated SharePoint for Services.
+ Support on enhancing self-service data tools and encourage wider use among the organization to self-serve data requirements and utilize dashboards.
**What we’ll need from you::**
+ Wholesale Credit Orientation: Experience working with Risk / Treasury / Finance and Technology / Operations partners in product management or risk capacity; exposure tRWA, TCE, capital and liquidity measures a plus.
+ Portfolio Management: Understand how TTS’s exposure to client and counterparties combines into the global portfolio and fits into the portfolio’s lifecycle.
+ Proven Data / Analytical skills: Experience turning complex information into actionable recommendations.
+ Analytical Problem Solver: Ability to leverage automated technology solutions to answer business problems, innovation mind set and intellectual curiosity.
+ Partnership and Collaboration Skills: Ability to partner well with a range of stakeholders in the firm to drive objectives to delivery, strong interpersonal skills to identify and resolve conflict to mitigate roadblocks.
+ Design and Delineating: Proven ability to collaborate with managers in creating and presenting effective presentations for seniors.
+ Proven analytical skills for developing data analysis and quantitative strategies.
+ Relevant experience in the Financial Services / Banking industry.
+ Understanding of Risk / Treasury / Corporate Banking functions; exposure to modelling concepts (PD, LGD) helpful.
+ Highly proficient in Excel, macros, and databases.
+ Advanced PowerPoint presentation skills a plus.
+ Excellent interpersonal, influencing, facilitation, and partnering skills with key stakeholders and senior management.
+ A demonstrated history of delivering on initiatives.
+ Ability to work under pressure in a highly professional environment.
+ Passion, integrity, positive attitude, mission-driven, and self-directed.
+ Bachelor’s/University degree, Master’s degree preferred, with significant qualifications in Finance, Accounting, Economics, Computer Science, Math, Financial Engineering, Physics, or related field.
**What we can offer you:**
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, 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:
+ Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
+ A discretional annual performance related bonus
+ Private medical insurance packages to suit your personal circumstances
+ Employee Assistance Program
+ Pension Plan
+ Paid Parental Leave
+ Special discounts for employees, family, and friends
+ Access to an array of learning and development resources
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.**
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**Job Family Group:**
Product Management and Development
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**Job Family:**
Product Development
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**Time Type:**
Full time
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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.
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Citi is an equal opportunity and affirmative action employer.
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