Primary Location: United States,Florida,Tampa
Education: Bachelor's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18073284
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides 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, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Propositionexplain what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
The Quantitative Risk and Stress Testing (QRS) group's primary objective is to develop quantitative models used for capital, stress testing and internal risk management.
The QRS Governance team manages or coordinates all non-development activity within QRS. A key responsibility is oversight of these activities and to ensure that QRS complies with Citi firm-wide policies. As such, the candidate is expected to develop a strong understanding of the types of models used across various areas within Citi, modeling's role in risk processes and the necessary controls on those models. The basic responsibilities of the role are:
Model Risk Management Compliance
Management of the model inventory and submission scheduling (to include revalidation scheduling)
Provide and coordinate all supporting information for Quarterly Sponsor Attestations
Inventory and monitor all limitations and compensating control (in progress)
Main interface to the iMRM system including all model documentation submissions
Provide analytics/testing to the MRM Annual Model Review/Ongoing Performance Analysis
Primary liaison to MRM on all policy matters
Management/Coordination of QRS Control Functions
Management of outstanding issues (MRA, Internal Audit action plans, Model Risk Management items)
Coordinate the Management Control Assessments (MCAs)
Management the End User Computing (EUC) process, acting to coordinate multiple users
Regulatory Liaison Function
Management of quarterly reporting/submissions to US Agencies
Applications for Regulatory Model Approvals
Notifications to Regulators of Quarterly Model Changes
Coordination of regulatory exams/reviews
Undergraduate degree in Finance, Economics or a technical discipline.
Ability to multi-task and coordinate multiple assignments and projects.
Ability to navigate the Citi network and work effectively with our partners around the organization.
A Basic understanding of Risk Management within the Financial industry including Market Risk and Credit Risk concepts, and a strong desire to learn.
6+ years of experience in a Risk, Risk IT or Finance area.
Knowledge of Citi's internal risk processes and firm-wide control initiatives (EUC, MCA) is a plus.
Candidates are expected to have strong communication skills, both oral and written.
The ability to work collaboratively and influence others both within and outside of QRS.
Must be self-motivated and capable of independently driving results.
Strong computer literacy and Excel, PowerPoint are a must-have.