Enterprise Risk & Stress Testing Officer C13 -Hybrid

Job Background

The Risk Data, Analytics, Reporting & Technology (DART) function is responsible for (i) supporting intelligent risk decisions and proactive management of Citi’s risks across the enterprise, (ii) delivering risk information and analysis to help risk managers and senior management navigate complex risks and regulatory landscape, (iii) providing deep expertise in risk data and dimensions in the development and production of reports and analytics (iv) designing policies, define leading practices and innovate technological tooling in performance of risk data governance and strategy roles. 

Reporting & Analytics – Enterprise Risk & Stress Testing team within DART is responsible for supporting legal entity Risk Management Country Officers (RMCO) to deliver Internal Capital Adequacy Assessment Process (ICAAP) and other local entity regulatory stress testing requirements, such as climate risk. This role supports RMCOs in Asia North and Australia, Asia South, and Japan clusters.

The candidate will have the unique opportunity to work in a fast-paced environment and contribute significantly to various enterprise stress testing initiatives critical to Citi’s regulatory compliance and risk management framework.

Key Responsibilities

The Enterprise Risk & Stress Testing Officer’s key responsibilities are as follows.

Stakeholder Management

• Understand and maintain routine and ad hoc country and legal entity stress testing requirements in the clusters
• Support the delivery of analytical support for scenario design, stress loss, and economic capital where needed, in collaboration with other DART and Risk Management teams
• Participate in key ICAAP and other regulatory stress testing-related committees, forums, and reviews as required
• Engage with Internal Audit (IA); track applicable regulatory matters, audit findings, corrective actions and milestones including collection, review, and retention of evidence
• Support stakeholder engagement workflow processes and protocols

Stress Test Framework Development and Execution

• Execute a framework to support legal entity regulatory and ad hoc stress testing execution and submissions in the clusters
• Assist country and legal entity Risk Management teams to comply with Model Risk Management policy when using models for stress testing
• Participate in development and analysis of stress scenarios, assumptions, and methodologies to ensure they are appropriate for use at the country and/or legal entity levels
• Support assessment of key underlying model assumptions; assess whether model overlays are appropriate given business and regulatory contexts
• Support country and legal entity Risk Management teams in the application of overlays to central models, where applicable
• Execute root cause analysis behind significant variations in model outputs and recommend appropriate remediating actions

Stress Testing Governance

• Ensure that legal entity stress tests are executed pursuant to the relevant Citi policies/ standards/ procedures, and local regulations, e.g. Model Risk Management policy, Enterprise Stress Testing policy, ICAAP Standard etc.
• Support stress testing and model risk management control activities in the clusters, including policy exception management, quality control, methodology documentation, and production of model inventory information for governance forums
• Support management of regulatory- or audit-related activities such as examinations, periodic meetings and ad-hoc updates.
• Support regulatory compliance of model risk practices through tracking of open issues and action items

Experience and Qualifications

• 6 to 10 years Risk experience in a global organization with significant experience in stress testing
• Familiarity with Internal Capital Adequacy Assessment Process (ICAAP) and local entity regulatory stress tests (e.g. Industry-Wide Stress Test, Supervisory-Driven Stress Test etc.)
• Experience with relevant regulatory guidance, and model risk management
• Experience in producing reports and presentations for senior audiences
• Knowledge of applicable Citi frameworks, policies, and standards
• Ability to effectively partner with key constituents and stakeholders
• Ability to distill technical concepts and results into intuitive, impactful, and easily digested messages
• Advanced English

Attributes

• Demonstrates strong ethics and integrity
• Ability to effectively voice and defend independent views and handle conflict
• Strong interpersonal and communication skills for interaction with peers and senior management
• Ability to navigate organizational complexity and build partnerships across functional and business peers
• Makes decisions using well-reasoned judgment under pressure and in a timely manner; identifies and assesses alternatives as part of the decision-making process
• Ability to adapt and perform well under pressure and through rapidly developing situations

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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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