SVP- Finance Solutions Group Manager, Citi

Citi

Location:

United States, Charlotte, North Carolina ▼

New Castle, Delaware

New York, New York

Category:

Finance

Contract Type:

Not provided

Salary:

145840.00 - 218760.00 USD / Year

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Job Description:

The role will be part of the RWA Controllers team and accountable for overall determination of Risk Weighted Assets (Standardized Approach to Counterparty Credit Risk (SA-CCR)) and Supplementary Leverage Exposure for Counterparty Credit Risk (CCR) exposures. This includes performing the computational methodologies used to determine RWAs (SA-CCR), ensuring the accurate implementation of those methodologies within Citi’s infrastructure, ensuring models are fit for Basel purpose, have been validated and accurately implemented, articulating Business and Functional requirements including performing end to end diagnostic assessment for remediation regulatory capital issues.

Job Responsibility:

Assisting in the end to end production, governance and controls of Derivatives Standardized and Advanced RWA, and SLE Actuals for weekly and month-end production
Provide oversight to Shared Services Derivatives team supporting RWA operations and production
Define, develop and establish attribution and other analytics that can effectively demonstrate standardized exposure, Jump-to-Default (JTD) and CVA RWA calculations for Derivatives are accurate and commensurate with Citi’s size and complexity
Provide thought leadership and requirements for Derivative analytics using Artificial Intelligence and Machine Learning tools
Ensure RWA calculations and Reporting process, Governance and Controls Framework is well-defined, transparent and documented in a comprehensive manner
Define, develop and establish robust control processes that can effectively demonstrate US Basel III regulatory capital requirements for Derivatives SA-CCR RWA are applied in an accurate and appropriate manner
Ensure second line of defense Derivatives RWA reviews are performed consistently and feedback if any, and comments are addressed in a timely manner
Manage and address Derivatives RWA reviews by other control functions such as Internal Audit, Independent Compliance Risk Management, Capital Planning Review Group etc. and feedback if any, are remediated in an appropriate and timely manner
Identify potential process improvements and capabilities to increase consistency, transparency, and reliability of RWA calculation, governance and controls process
Drive the diagnostics and remediation activities of a broad range of regulatory capital calculations that encompass governance, data and non-data controls, processes, system implementation and regulatory reporting
Develop senior management-ready materials, particularly Derivative analytics presentations to Lines of Businesses, Senior Governance Group, Independent Risk Management, Finance and Regulators
Drive change and influence risk and regulatory outcomes
Develop a strong working relationship with Finance, Front Office, Treasury, Technology, Audit, Independent risk and other counterparts across the organization

Requirements:

Bachelor’s Degree in Science, Technology, Engineering and Mathematics (STEM)
Master’s Degree preferred
7+ years’ experience in related field with relevant experience in SA-CCR
Comprehensive understanding of US regulatory capital rules for counterparty credit risk both Basel III and SA-CCR rules
Full understanding of the lifecycle of Derivatives (bilateral and cleared transactions)
Familiarity with Interest Rate, Equity, Credit, FX, and Commodity derivatives
Strong understanding of regulatory capital best practices and controls
Prior experience implementing Basel RWA rules in large financial institutions preferred
Exceptional oral communication and writing skills
Experience in managing risks holistically
Ability to manage multiple priorities and tasks
Strong analytical skills, attention to detail
Solid Microsoft Excel skills and the ability to develop advanced knowledge of MS Excel and Access

Nice to have:

Master’s Degree
Experience in managing risks holistically
Strong project management and multi-tasking skills
Strong people and influencing skills

What we offer:

medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages including planned time off (vacation), unplanned time off (sick leave), and paid holidays

Additional Information:

Job Posted:

March 21, 2025

Expiration:

May 28, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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SVP- Finance Solutions Group Manager