Citibank, N.A. seeks a Risk Policy Senior Group Manager for its Irving, Texas location.
Duties:
- Oversee cost of credit forecasting, including reserves and loss forecast planning and stress testing, for select geographies and businesses.
- Review and challenge loss forecast methodologies.
- Ensure compliance with and recommend changes to policies, procedures, and frameworks.
- Analyze outcomes and review results.
- Partner with Finance Planning and Analysis teams to support management communication activities of changes to methodologies or results.
- Oversee the Current Expected Credit Loss (CECL) process and outcomes.
- Review and challenge results, including overlays and qualitative adjustments.
- Perform appropriate analytics to understand the drivers for changes in reserves and loss forecasts.
- Consider potential outcomes given the economic and regulatory environments.
- Ensure compliance with CECL Methodology and Procedures requirements and Retail Credit Risk Policy.
- Review controls in the underlying processes and ensure appropriate controls are in place.
- Review and challenge models used in loss forecasting and CECL processes.
- Participate in/present outcomes to the Independent Risk Oversight Committee and other governance committees.
- Review and approve review decks used for risk committees and regulatory reviews.
- Oversee the quarterly loss forecasting and stress testing processes.
- Provide support and input to processes leveraging base and stress forecasting outcomes.
- A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite.
Requirements:
Requires a Master’s degree, or foreign equivalent, in Statistics, Finance, Economics, Operations Research or related field and 8 years of experience as a Risk Manager, Credit Portfolio Group Manager, Credit Risk Director, Cards Risk Manager, or related position involving retail credit management of consumer products for a global financial services institution. Alternatively, employer will accept a Bachelor’s degree in the stated fields and 10 years of the specified progressive, post-baccalaureate experience.
Full term of experience must include:
- Knowledge of retail lending portfolio management practices.
- Base and stress loss forecasting for retail lending exposures.
- Interpreting and applying US GAAP accounting standards for Current Expected Credit Loss and IFRS 9.
- Utilizing CECL, loss forecasting models, and risk management practices.
- Process automation and system enhancement to improve risk control environments.
- Working with international markets and US regulatory and accounting requirements.
Applicants submit resumes at https://jobs.citi.com/. Please reference Job ID #24794408. EO Employer.
Wage Range: $255,400 to $255,400
Job Family Group: Risk Management
Job Family: Risk Policy
Time Type: Full time
Primary Location: Irving Texas United States
Primary Location Full Time Salary Range:
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.
Anticipated Posting Close Date: Jan 03, 2025
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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