Primary Location: United States,Florida,Tampa
Education: Bachelor's Degree
Job Function: Finance
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 19012120
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 Proposition explains 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.
Join Citi's Capital Optimization Group team to support its regulatory stress testing initiatives (CCAR and DFAST efforts) in response to regulatory guidelines. CCAR Risk Weighted Assets (RWA) forecasting is a critical function within the Finance organization which oversees RWA forecasting for all business lines. This task involves understanding business and finance forecasting, and then applying algorithms to estimate the forecasted RWA numbers. The forecasted number is a great forward looking indicator on the amount of future regulatory capital necessary during a stressed or severely stressed economic environment, then used as an input to Citi's capital planning exercise and CCAR Fed reporting.
This role will offer significant exposure to senior management on aspects of the firm's capital adequacy and stress-testing activities as they relate to RWA projection reviews with the Business, Independent Risk and Finance specifically relating to Wholesale Credit Risk. The role will partner extensively with colleagues across risk, finance, model development, model validation and line of business functions on the capital stress testing processes.
The candidate will be responsible for:
Calculating Risk Weighted Assets projections for total Citigroup exposures using Basel III Advanced and Standardized approaches.
Partnering with Model development teams, analyse macroeconomic variables and articulate their inter-relationships with the forecasted risk parameters. Document the inter-relationship in a business-friendly language in a crisp and concise manner
Developing models using cutting edge statistical tools
Performing advanced quantitative analysis and assess relevancy of the key risk weight parameters such as delinquency, scores, line utilization
Review risk exposure calculations and forecasts for Basel, CCAR and DFAST requirements
Perform attribution analysis for forecasting scenarios
Provide Business inputs for the aspects related to implementation of Risk Weighted Assets forecasting, attribution analysis and regulatory reporting
Prepare high quality presentations of RWA projections key stakeholders like such as Business, Finance and Independent Risk Management
Continuously improve subject matter expertise relating to Basel III regulatory guidelines and financial products in the business areas to become a trusted advisor to the work stream leads, acting as a partner in delivering RWA analysis and articulating them in presentations to seniors in a crisp and concise manner
Creation of Senior Management-ready materials, particularly CCAR presentations to Lines of Businesses, Independent Risk Management, Finance and Regulators
Bachelor's degree and significant qualifications in Finance, Economics, Computer Science, Math, Financial Engineering or related field.
3+ years' experience in Financial Services industry or data analytics.
3+ years of advanced coding skills, analytical tools, machine learning / AI languages and algorithms in either SQL, R, SAS or Python required. Specifically, R programming experience highly desired.
Experience creating new programs from scratch with little direction with an ability to create automated solutions using statistical packages and data.
Ability to leverage multiple programming languages with a desire to learn new software packages.
Advanced Microsoft Excel skills and the ability to quickly develop advanced knowledge of MS Excel and Access (or other database front end query applications) required.
Possess quantitative analysis and data preparation and interpretation skills
Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls, and think both strategically and tactically while driving meticulous execution
Able to navigate through large organizations to streamline and summarize multiple information points; create repeatable process to build consistency in presenting information
Exceptional oral communication and writing skills, with ability to synthesize complex concepts, and translate into "user-friendly" language for multiple audiences, including senior management, multiple internal constituents and regulators
Strong analytical and quantitative skills
Ability to quickly assimilate and analyse large amounts of information
Ability to manage multiple priorities and tasks, escalate or voice concerns or questions and exhibit strong people skills
Enjoy variability in workload, particularly in a wide range of quantitative and non-quantitative projects.
Ability to manage multiple priorities and tasks, work well as part of a team, and exhibit strong people and influencing skills
Strong attention to detail, ability to produce a polished, high quality, accurate product; tireless work ethic with ability to work well under pressure
Organizational savviness with ability to expand internal network across functions and various levels of seniority