Basel III RWA Lead Analyst VP
Company: Citi
Location: Union
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.The role will
be part of the RWA Integrity team, which is accountable to bring
together all of Credit, Market and Operational Risk RWA components
in a consolidated manner for regulatory and management reporting.
This includes (i) performing the computational methodologies used
to determine RWAs, including any assumptions, interpretations
and/or models used to make those determinations, (ii) ensuring the
accurate implementation of those methodologies and controls within
Citi's infrastructure and processes, (iii) ensuring models are fit
for Basel purpose, have been validated and accurately implemented,
(iv) articulating Business and Functional requirements including
performing end to end diagnostic assessment for remediation of
regulatory capital issues. The position will be part of RWA
Remediation Team within the RWA Integrity Team, which is
responsible for leading the day-to-day execution of the remediation
work required to meet Citi's commitments established in the OCC and
FRB Consent Orders relating to Spot RWA, as well the remediation
required for business as usual and other Supervisory issues related
to RWA. Key Responsibilities:
- Accountable for successful and timely delivery of RWA
milestones and deliverables per Citi's consent order and BAU
remediation for Market Risk RWA modeled and non-modeled
components
- Document and execute processes and controls, and identify
related process or control gaps for calculation aggregation and
reporting (from authorized redistributors to reporting systems),
including Standardized and Advanced Approaches, to demonstrate
compliance with US Basel regulation and related supervisory
guidance; and remediate any identified gaps through the ongoing
issue management process
- Define, develop, and establish robust control processes that
can effectively demonstrate US Basel III regulatory capital
requirements are applied in an accurate and appropriate
manner.
- Drive the diagnostics and remediation activities of a broad
range of regulatory capital calculations that encompass governance,
data and non-data controls, processes, system implementation and
regulatory reporting. Qualifications:
- Experience in transformation roles in Financial Institutions
with reasonable understanding of Advanced and Standardized US
regulatory capital rules for FRTB Market Risk (Basel III and Basel
III reforms)
- Ability to define, articulate and re-engineer complex processes
and procedures, with appropriate controls, and think both
strategically and tactically while driving meticulous
execution
- 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
- Solid Microsoft Excel skills and the ability to develop
advanced knowledge of MS Excel and Access (or other database
front-end query applications).
- Minimum 3-5 years' experience in related field
- This job description provides a high-level overview of the
types of work performed. Other job-related duties may be assigned
as required. Education Level: Bachelor's Degree Primary Location:
NAM-USA- NY-New York Job Category: RWA Integrity Team, Finance
Salary Grade: C13 - 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: $132,320.00 - $198,480.00 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, Union , Basel III RWA Lead Analyst VP, Executive , Union, New Jersey
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