Job Information
Citigroup Enterprise Risk & Stress Testing Officer C13 -Hybrid in Ciudad De Mexico, Mexico
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
Job Family Group:
Risk Management
Job Family:
Risk Analytics, Modeling, and Validation
Time Type:
Full time
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