Capital Calculations and Reporting Risk Oversight for Finance Chief Risk Office Organization
Citigroup
The Finance Chief Risk Office is responsible for risk management oversight of Finance division and Enterprise Financial Risks at Citi, including effective risk challenge and mitigation of risk for capital, liquidity, interest rate risk and market risk for treasury investments. As part of its risk oversight for Finance, team is also responsible for operational and regulatory reporting risk for the division. In addition, Finance CRO oversees the key risk management methodologies and calculations, including CECL and IFRS9 for credit reserves, and Basel Advanced RWA. Finance Chief Risk Office is led by Chief Risk Officer for Finance, who reports directly to Citigroup Chief Risk Officer.
The successful candidate leads a team of 40 to 50 risk professionals who are responsible for second line independent oversight for regulatory capital calculations, measurement and reporting. Responsibilities include running an independent assurance program for risk-based and leverage capital metrics and regulatory buffer calculations. Successful candidate provides risk oversight for key regulatory capital reports such as FR Y-9C Schedule HC-R, FFIEC 031 Schedule RC-R, FR Y-15, Pillar 3 Disclosures and FR Y-14. The role reports directly to the Chief Risk Officer for Finance and must have relevant prior experience in regulatory capital management within Finance or Risk management departments of a financial institution.
Regulatory engagement and governance oversight experience working for a U.S. GSIB is desired. S/He must possess excellent communication and presentation skills for interactions with Finance, Independent Risk, regulators, and various senior management and Board level committees.
The candidate must have the credibility to influence others in senior management, collaborate effectively across divisions, build relationships between Independent Risk, Finance and the business. This candidate should have an engaged, hands-on style of leadership, results driven and detail oriented, and have a strong track record of execution.
**Responsibilities**
Provides second line oversight for measurement and regulatory reporting of risk-based capital and leverage metrics, and regulatory capital buffers requirements.
+ Directly manage a global team of risk managers specializing in capital measurement and reporting
+ Run an annual independent assurance program covering regulatory capital metrics and regulatory reporting for Citigroup and its main subsidiaries
+ Provides value-add risk reports resulting from independent risk reviews to senior management, key oversight committees and regulatory agencies
+ Manages risk findings and ensure successful remediation by accountable parties
+ Embed a strong risk culture to promote behaviors in accountability, challenge, effective risk management and governance at all levels of the firm.
+ Manage staff, including resource capacity planning, talent development, performance management, employee engagement and location strategy.
+ Establish and maintain an appropriate control environment commensurate with the size of the function.
**Qualifications:**
+ 15 years plus experience working in financial services, preferably for U.S. GSIBs
+ BA or BS degree in Finance, Business, Economics or equivalent. Advanced degree and/or professional certification preferred
+ Extensive experience in a leadership role related to Finance or Risk, either within a Capital Management, Market Risk, or Counterparty Credit Risk
+ Prior work experience in a leadership position in a U.S. GSIB’s capital management department desired. Preferably covering areas such as capital calculations and reporting, capital management policy and capital planning
+ Expert level knowledge in regulatory capital rules (e.g. U.S. Basel 3 Final Rule) and regulatory reporting requirements is required
+ Experience managing a large team of finance or risk management professionals
+ Ability to influence senior business leaders, the Board, and external stakeholders on all risk-related matters and to provide critical thinking, independent challenge, and decisive action where necessary
+ Ability to negotiate, partner and collaborate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders’ needs are met.
+ A proactive and “no surprises” approach in communicating issues and strength in sustaining independent views.
+ Excellent verbal, written and presentational skills with attention to detail, with experience in dealing with senior management committees and board risk management committees.
**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.
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**Job Family Group:**
Risk Management
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**Job Family:**
Regulatory Risk
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**Time Type:**
Full time
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**Primary Location:**
New York New York United States
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**Primary Location Full Time Salary Range:**
$250,000.00 - $500,000.00
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.
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**Anticipated Posting Close Date:**
Mar 10, 2025
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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.
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Citi is an equal opportunity and affirmative action employer.
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