The Regulatory Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

• Perform risk financial forecasting efforts, including designing and maintaining complex credit loss and financial risk forecasting models for consumer credit products (e.g., Cards, Personal Installment Loans)
• Conduct cost of credit and delinquency statistical quantitative analysis and monitoring product trends to identify key areas of risks-opportunities
• Identify, track and report on initiatives, performance results and emerging trends to senior management
• Establish cross-functional partnerships and networks in order to support the loss forecast execution
• Reconcile detailed financial data from disparate data sources for each of the covered portfolios, presentations and memos provided to regulators, business leaders and external auditors
• Responsible for communicating to executive management implications of existing and opposed regulation and developing potential responses. This may include regulations related to specific product or macro / systemic regulation, including standards to comply with Basel II / III, MiFID, U.S. Fed, Treasury, FDIC and regulations from other central banks and regulatory authorities.
• Provides risk strategic analytics and information management across Citibank products; facilitating data-quality and controls for other teams and managers.
• Provides regulatory risk project management support (business requirements, analysis and testing) for delivery of regulatory solutions. (i.e.. CECL, Part 30 core capabilities initiatives, stress test and CCAR regulatory requirements, etc.)
• Performs business analysis to respond to regulatory and business questions and provide portfolio insights.
• Performs data analysis to monitor and track data quality and completeness of data.
• Provides Project Management of various deliverables for Portfolio Risk Review chapter. Involvement in rationalization of EUCs (End User Computing) used for Portfolio Risk Reviews.
• Partners with Clients to understand and quickly respond to Client needs. Proactively seeks Client feedback to influence change throughout organization.
• Assistant project manager and work with business users to gather business requirements and draft and co-ordinate approval for Business Requirement Documents (BRD).
• 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.

Qualifications:

• 6-10 years experience in product program governance and risk management framework, preferably in the cards / unsecured credit space and in loss forecasting and credit analysis
• Strong analytical and quantitative statistical skills to identify, assess and monitor consumer portfolio credit risks
• Should have Excellent proficiency in Microsoft Office – particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
• Thorough knowledge of credit source systems, collateral reporting systems, and end reporting/ warehousing.
• Broad understanding of classifiable and delinquency managed credit and operational policies and procedures.
• Demonstrate financial and risk reporting knowledge as well as experience from the business and/or technical area desired.
• Project management knowledge and experience working with diverse group of stakeholders to achieve milestones and deadlines and capability to handle multiple projects at one time.
• Proven relationship management skills with ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas like Government Affairs, Communications, Legal, Compliance, Control, in-business Risk and Independent Risk.
• Good knowledge of Citi products, risk processes and controls with good understanding of regulatory requirements and risk management framework.
• Experience in compiling process and data quality metrics, analyzing results to clearly communicate data-driven analysis to senior management.
• Proficient in MS Office applications (Excel, Word, PowerPoint).
• Experience with SAS, Python, R for extracting data from large data sets and perform statistical analysis

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:

Schaumburg Illinois United States

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Primary Location Full Time Salary Range:

$125,760.00 - $188,640.00

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 22, 2025

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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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