Citi’s has one of largest US bank owned residential real estate portfolios (US-RRE) comprising more than $100 billion in receivables.  You will be joining the US RRE Servicing Risk team.   The Senior Vice President-Testing and Validation Risk Management Group Manager is a senior management-level position that will be accountable for a team of risk professionals responsible for (1) Testing and Validation of the Risk oversight activities related to loans in default inventory including Collections, Loss Mitigation, Foreclosure, REO, Bankruptcy, SCRA Loss Recognition, Recovery etc. (2) Business unit’s adherence with Citi policies, risk oversight procedures and applicable supervisory and regulatory guidelines. You will work closely with the stakeholders in risk management, policy, independent risk, mortgage-servicing legal & compliance areas supporting both US Personal Banking and Wealth divisions on an expansive set of portfolio objectives to deliver performance aligned with Citi’s risk-appetite framework.  The role requires a strong understanding of the US residential real estate industry, mortgage servicing landscape, Quality Assurance, Testing Methodologies, supervisory guidelines, applicable regulations, and deep expertise in the mortgage default domain including Collections, Loss Mitigation, Recovery, Foreclosure, Bankruptcy, SCRA, REO etc., risk management in residential real-estate (mortgage, home-equity). In addition, excellent communication skills are required to engage with, influence and persuade key stakeholders internally, often at a senior level. The role may also require some external communication with regulators and sub-servicer.  The Senior Vice President-Testing and Validation Risk Management Group Manager is responsible for leading a team of professionals responsible for establishing and maintaining a robust risk and control environment through independent testing and validation of the risk strategies and monitoring activities. Impact reflects strategic influence on the business and interaction with other functions or businesses. **Responsibilities:**   + Manages a team responsible for assessing risk and effectiveness of Credit Risk processes and controls to ensure compliance with Citi policies, applicable regulations and risk oversight procedures, while responding to regulatory inquiries, other audits, and examinations. + Identify and escalate risk and control issues to controls partners and senior leadership within the Risk Organization with transparency, in a timely fashion and in adherence to applicable policies and procedures. + Engages in activities to provide independent compliance and operation risk oversight of the Credit Risk performance and any third party/vendor relationships in alignments with Global Policies and Standard Operating Procedures. + Promotes a strong risk management culture and discipline.   + Assists in the development of independent reporting for respective area(s) of coverage. + Develop, track and report on key initiatives, performance results, and emerging trends, analyzing risks, and ensure appropriate escalation and communication is provided to senior leadership. + Familiar with relevant laws, regulations, and best practices in mortgage servicing.  + Establish cross-functional partnerships and networks in order to support the execution of cross-functional business initiatives.  + Drive compliance with applicable laws, rules and regulations, adhere to Policy, apply sound ethical judgment regarding personal behavior, conduct and business practices, and escalate, manage and report control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail tomaintain these standards. **Qualifications:**   + 10years of strategy and/or risk management experience, ideally with a large bank mortgage portfolio or equivalent consumer credit portfolio management experience at a leading consumer financial institution withknowledge of consumer residential real estate market and regulatory management in the U.S.  + Knowledge and expertise inleading establishing and maintaining a robust risk and controls testing environment, Residential Mortgage Servicing including the Default Servicing Lifecycle + Ability to navigate complex decisions and situations including engagement with various senior stakeholders (CRO, LOB CEOs, senior business representatives and regulators).  + Strong, clear, concise written and verbal communication capabilities. (ex. complex issues in concise executive summaries).   + Experience in leading highly visible, cross line-of- business initiatives across multiple functions. The ability to work with a diverse group of stakeholders to achieve milestones and meet deadlines.  + Demonstrated ability to establish strong relationships with senior stakeholders and partner effectively with peers across functional areas and lines of business.   + Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, Visio. Technical capabilities in SAS/Python/SQL considered a plus.  + Tireless work ethic with ability to work well under pressure, with equanimity while managing a high volume of priorities and deliverables.  **Education:**   + Bachelor's degree/University degree or equivalent experience  + Master's degree preferred    ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Credit & Portfolio Risk Management ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** Wilmington Delaware United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $144,480.00 - $216,720.00 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:** Nov 13, 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. 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