SVP – Regulatory Risk

The Finance CRO Group provides independent, objective, reliable, valued and timely assurance to the Board of Directors, the Committees, the Citigroup Chief Risk Officer, the Citigroup Chief Credit Officer, senior management and regulators on the effectiveness of credit, capital and collateral risk management and the ability of the Business and independent Risk Management to identify, monitor and mitigate current and emerging risks.

The Confirmation of Basel Classification Review & Analysis (COBRA) team provides an independent review and challenge of risk and operational processes and procedures and accuracy and timeliness of risk parameters used to determine regulatory capital treatment for various exposures.

The SVP, Lead Market Risk Basel Reviewer manages independent review and challenge of regulatory capital treatment of exposures across Citi’s Markets businesses. The role requires a thorough understanding of fundamental credit and credit risk concepts and/or associated regulatory capital requirements, including Standardized and Advanced Risk Weighted Assets (RWA) requirements under US Basel Rules. The role also requires working knowledge of upcoming key Basel regulations, e.g. Basel 3 endgame and FRTB. Familiarity with regulatory capital reporting is also preferred.

Responsibilities:

• Assist the Head of COBRA and Head of Markets Basel Review in executing the global Review coverage plan by leading COBRA Reviews

• Maintain effective communication with the Business, Finance and Independent Risk to ensure a clear understanding of the implementation of US Basel Rule requirements and associated governance processes

• Assess the application of US Basel Rules and calculation of RWA with an emphasis on the rules pertaining to markets transactions including counterparty credit risk, CVA and FRTB.

• Proactive communication to senior management of any concerns and/or emerging risks that may jeopardize the assigned COBRA Review Entities

• Assess counterparty credit risk and market risk for Securities Financing Transactions and Over-the-Counter transactions

• Evaluate whether the Business has deficiencies in their governance and oversight that allows for incorrect RWA calculations

• Provides critical challenge of appropriateness and sufficiency of regulatory capital top-side adjustments as proposed by Finance

• Evaluation of the appropriateness of Corrective Action Plans (CAP) resulting from COBRA Reviews

• Provide ongoing guidance as CAPs are implemented to help ensure a successful subsequent validation of the effectiveness of CAPs after implementation by the Business

• Accountability for the quality and consistency of work products that include Regulatory Capital Assessment Documents, COBRA Capital Review Plans, and Review Reports created for the assigned COBRA Review Entities

• Assist in training on various US Basel Rule topics

• Ad hoc projects

Knowledge/Experience:

• Significant experience with the US Basel Rules for Advanced, Standardized and Markets rules specifically as they pertain to RWA requirements and working knowledge of upcoming key Basel regulations, e.g. FRTB rule

• Demonstrable financial services experience including 10+ years of experience in market risk and/or counterparty credit risk resulting from markets transactions

• Experience in complex structures enabling an individual to deconstruct transactions and understand all the underlying risks

• Bank regulatory environment experience and close liaison with banking and other related industry regulators is advantageous

• Conversant in credit and markets policy matters

• Ability to analyze root causes and anticipate horizon issues

Skills/Competencies:

• Proven ability to interact credibly with senior stakeholders in other control functions such as finance, audit, legal and compliance, as well as senior leaders across the firm

• Strong analytical skills with the ability to identify and communicate root causes and trends

• Strong project and time management skills with the ability to successfully handle competing priorities

• Exceptional written and verbal communication skills with the ability to communicate clearly and concisely to audiences of varying levels of seniority

• Strong interpersonal skills with the ability to build relationships and exert influence without direct authority

• Proven attention to detail

• Proficient in Microsoft Office (Word, Excel, and PowerPoint)

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:

$176,720.00 - $265,080.00

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:

Jan 14, 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.

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.

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