Full-Time

VP Loss Forecasting and Credit Reserves Officer

Updated on 12/19/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking provider

Fintech
Social Impact
Financial Services

Compensation Overview

$125.8k - $188.6kAnnually

+ Incentive Awards + Retention Awards

Senior

O'Fallon, MO, USA + 3 more

More locations: Hoffman Estates, IL, USA | Wilmington, DE, USA | Atlanta, GA, USA

This position is hybrid.

Category
Risk Management
Finance & Banking
Required Skills
SQL
Financial analysis
Tableau
Linux/Unix
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor's degree required in Mathematics, Engineering, Statistics, Economics, Physics, or a relative quantitative discipline (Master's degree, MBA or CPA preferred, or equivalent experience).
  • 6+ years of experience in credit card risk management or equivalent preferably in the financial services industry, with a preference for work in forecasting, accounting or credit risk management
  • Ability to develop and perform Financial and Risk analysis that addresses concerns and issues, and ability to present them to management and external auditors with a clear and concise approach.
  • Advanced usage of Excel, SAS/SQL required (2+ years), proficiency in PowerPoint, Word required, Oracle Hyperion tools (essbase, smartview), Tableau preferred
  • Ability to work with senior managers, internal stakeholders to help build consensus to address difficult and complex business needs.
  • Leadership Competencies expected
  • Has the ability to operate with a limited level of direct supervision.
  • Proven ability to remain organized in a fast-paced environment
  • Demonstrated interpersonal, organizational and analytic skills.
Responsibilities
  • Manage and maintain financial/loss models used to build the various subcomponents of loss forecast
  • Evaluate loss forecast model methodologies, monitor portfolio performance metrics and synthesize analysis for presentation to management
  • Work closely with Governance and Model Risk Management to ensure adherence to all policy requirements.
  • Create, review and share critical business decks for leadership and global policy.
  • Utilize Statistical Analysis System (SAS) in a UNIX environment to perform risk, financial and data analyses including profiling, sampling, forecasting and due diligence.
  • Prepare risk management presentations for senior management that include analytics on expected portfolio performance and areas of potential risk and/or opportunity
  • Has the ability to operate with a limited level of direct supervision.
  • 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.

Citigroup provides a wide range of financial products and services to various clients, including consumers, corporations, and governments. Its offerings include consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. Citi operates in over 160 countries, utilizing its extensive global network and technology to deliver financial solutions. The company generates revenue through interest from loans, fees from banking services, and commissions from investment activities. Unlike many competitors, Citi's global reach and comprehensive service suite enable it to facilitate international trade and manage financial assets effectively. The goal of Citigroup is to support economic growth while committing to sustainability and social responsibility through investments in environmental, social, and governance initiatives.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

Tel Aviv-Yafo, Israel

Founded

1812

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Simplify's Take

What believers are saying

  • Citi's involvement in Jumia's sales agreement taps into Africa's growing e-commerce market.
  • The 'Green Deposits' initiative aligns with the rising trend of sustainable investments.
  • Citi's gender pay equity disclosure strengthens its corporate governance and investor appeal.

What critics are saying

  • Increased competition from digital platforms like Versana may erode Citi's market share.
  • Citi's exposure to Africa's volatile e-commerce market poses potential financial risks.
  • Cybersecurity threats could increase with Citi's digital banking expansion through Google Pay Plex.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unmatched international banking services.
  • The introduction of 'Green Deposits' caters to the growing demand for sustainable financial products.
  • Citi's partnership with Mastercard for Google Pay Plex accounts enhances its digital banking offerings.

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