Basel Advanced Approaches Oversight Risk Manager VP - Hybrid

Full Time
New York, NY
$137,610 - $206,420 a year
Posted
Job description

Basel Advanced Approaches Oversight Risk Manager

The Finance Chief Risk Office (FinCRO) is responsible for providing risk management oversight of the Finance function, including effective risk challenge and mitigation of risk for capital, liquidity, interest rate risk and treasury investments, and ensures compliance with all risk-related regulatory requirements. The Credit Reserves and Basel Advanced Approaches Oversight (CRBO) Group sits within Fin CRO and is responsible for the governance and oversight of the Risk-wide implementation of CECL, IFRS9 and Basel Advanced Approaches RWA.

As the Regulator Risk (Senior) Manager in CRBO, you will be responsible for the governance and support for risk models used across all risk stripes and working closely with the Finance team to facilitate the internal review and approval process. You will also act as the regulatory liaison with US agencies to support ongoing supervisory activities of risk models.

Key Responsibilities:

  • Work and collaborate across risk stripes (Market Risk, Wholesale Credit Risk, Retail Credit Risk, Securitization, Operational Risk) to ensure adequate governance is in place at the risk stripe level

  • Support the development and maintenance of centralized procedures, controls and supporting frameworks including but not limited to risk-wide governance forums

  • Facilitate communication, implementation, training and change management in relation to the model governance process

  • Prepare and participate in meetings with US agencies (FRB, OCC, SEC) on matters related to model approvals, changes, and performance

  • Prepare presentations to internal stakeholders within Finance CRO and the overall Independent Risk Management organization and external stakeholders including Finance, lines of business, legal entities, regulators, external and internal audit

  • Collaboration with the internal control and assurance functions to develop and implement comprehensive and robust risk control and assurance (management self-assessment) practices

Key Requirements and Qualifications:

  • 7+ years’ experience in financial services

  • 5+ years’ exposure Basel regulatory requirements for Advanced Approaches

  • Ability to execute effectively across businesses, functions, and geographies

  • Ability to manage multiple priorities and tasks, highly motivated with attention to detail, team oriented, organized, pro-active

  • Proven ability to assess complex issues, identify root cause and formulate potential solutions

  • Excellent written and verbal communication skills with the ability to articulate complex problems and policy interpretations through concise and clear messaging

  • Prior experience in model controls and establishment of risk and control processes in top-tier global financial institutions

Education:

  • Bachelor’s degree required. Advanced degree (Masters) in Business, Economics or Finance a plus

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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 Salary Range:

$137,610.00 - $206,420.00

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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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