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Securitization RWA Team Lead

Company: Citi
Location: Saint Petersburg
Posted on: January 26, 2023

Job Description:

Citi is a leading global financial services company having 200 million customer accounts. Citi does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Treasury Capital Planning (CP) team ensures that Citi has a robust, sustainable, and Spot and Forward-looking capital process . T he RWA Integrity team is accountable for ensuring RWA is appropriately interpreted calculated, analyzed and reported. Further, the RWA Integrity team is responsible for the controls and governance of the Spot RWA production process. The opportunity is for a senior lead overseeing the Securitization RWA team (Trading Book (TB) and Non-Trading Book (NTB which reports into the RWA Integrity Wholesale and Securitization RWA team lead. The Securitization RWA team is responsible for ensuring the accuracy and integrity of RWA calculations and reporting of Standardized and Advanced RWA.The role provides critical challenge, while driving the diagnostics and implementation of a broad range of regulatory capital calculations. This role provides extensive exposure to colleagues across risk, finance, technology, and line of business functions. Excellent interpersonal skills are required given the high level of interaction with senior managers.The Securitization RWA Team Lead is responsible for:

  • Managing end to end production, governance and controls of TB & NTB Securitization products Standardized and Advanced RWA, and SLE Actuals
  • Define, develop and establish attribution and other analytics that regarding risk drivers, exposure, EAD and RWA calculations for TB & NTB Securitization
  • Responsible for providing RWA strategic analytics across TB & NTB Securitization products and reports to senior management
  • Responsible for monitoring implications of existing and proposed regulation and developing potential responses. This may include regulations related to specific product or macro / systemic regulation, including standards to comply with Basel III / Basel III Reforms.
  • Ensure RWA calculations and Reporting processes, Governance and Control Frameworks are well-defined, transparent and appropriately documented
  • Ensure model changes for TB & NTB Securitization products are well understood, implemented and tested for regulatory notification and submission. This will include developing insights and estimating impacts due to model changes and updates to underlying referential data
  • Identify potential process improvements and capabilities to increase consistency, transparency, and reliability of RWA calculation
  • Develop senior management-ready materials, particularly Securitization RWA analytics presentations to Lines of Businesses, Senior Governance Groups, Independent Risk Management, Finance and Regulators
  • Develop a strong working relationship with Finance, Front Office, Treasury, Technology, Audit, Independent Risk and other counterparts across the organization Qualifications:
    • Understanding of US regulatory capital rules for TB & NTB Securitization products
    • Strong technical expertise and solid understanding of capital markets products, credit documentation (e.g. credit agreements, servicer reports) and complex structures and associated risks (synthetic loans, derivatives)
    • Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls
    • Strong oral communication and writing skills, with ability to synthesize complex concepts, and translate into "user-friendly" language for multiple audiences, including senior management, internal constituents and regulators
    • Experience in managing risks holistically, covering areas such as systems, data, models, regulatory requirements, governance, and analytics
    • Strong analytical skills, attention to detail, willingness to "roll up sleeves" and produce a polished, high quality, and accurate product
    • Prior experience implementing Basel RWA rules in a large financial institution is preferred
    • Minimum 10 years experience in related field Education Level: Bachelor's Degree preferably in Finance / Masters degree preferred We are currently working on a hybrid schedule consisting of 2-3 days in office and the remainder remote (specific details depend on location and business group). This is not a remote only role. - Job Family Group: Finance - Job Family:Fin Solutions Dsgn & Implement Time Type: Full time Primary Location: Long Island City New York United States Primary Location Salary Range: $170,880.00 - $256,320.00 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 .View the " EEO is the Law " poster. View the EEO is the Law Supplement .View the EEO Policy Statement .View the Pay Transparency Posting - Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, St. Petersburg , Securitization RWA Team Lead, Accounting, Auditing , Saint Petersburg, Florida

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