Citigroup Inc
Location
O Fallon, MO | United States
Job description
The Capital Management team within Citi Treasury is responsible for all aspects of capital analysis, forecasting, and planning for Citi, including providing programmatic leadership for the firm’s capital ratios and CCAR/DFAST.
Capital Management has a dedicated Capital Transformation function that articulates the strategy through which Citi will achieve its Capital transformation goals and provides central leadership over the execution of the necessary remedial actions to deliver the firm’s capital planning target state, as required to address the FRB and OCC Consent Orders.
The Capital Transformation organization seeks a key contributor to support efforts to assess and augment existing process documentation and controls for alignment with and comprehensive coverage of laws, rules, and regulations as well as internal requirements. This is a critical function that will underpin the entirety of the capital planning target state by forming the link between the firm’s most important regulations and its BAU processes and controls.
This role will have exposure to senior Finance and ICRM leadership and will play an integral part in executing and supporting the firm-wide, cross-functional plans necessary to close the gaps identified by the Consent Orders and other relevant deliverables.
Responsibilities:
The Regulation, Process, and Controls Senior Vice President for Capital Transformation will be responsible for supporting the Capital Governance Transformation Lead by:
Understanding capital regulation and Citi policy document requirements for execution of the quarterly forecasting process and CCAR/DFAST
Supporting the implementation of changes necessary to enhance Citi’s capital planning processes and satisfy evolving regulatory developments, including criticisms articulated in the recent Consent Orders
Guiding junior staff and participating directly in the evaluation of process documentation and controls for completeness and sufficiency
Communicating to and coordinating with execution units to document and remediate process and control gaps identified
Supporting design and implementation of durable solutions to ensure the mapping of regulations to business practices and controls across the capital continuum
Enabling continuous improvement by partnering with workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps in compensating controls
Partnering with senior ICRM leadership and Finance to understand and meet Consent Order obligations and expectations
Supporting the Head of Capital Governance Transformation in communications to multiple internal and external constituents regarding remediation methodologies, timelines, and risks
Developing a strong working relationship with process owners across the organization in support of their individual responsibilities and in support of creating a holistic framework in which the firm executes its collective capital planning responsibilities
Partnering with the Finance Policy Head to ensure alignment of governance documents with Enterprise-wide standards and compliance with the requirements for publication of policy documents.
Qualifications:
Exceptional communication skills, including well-developed written, verbal, and presentation skills. Must be able to create, revise based on feedback, and coordinate publication of enterprise-level governance documentation including Policies and Standard
Interpret regulation, assess applicability to Citi, and recommend revisions and improvements to how regulation is addressed in policy.
Creative skills necessary to craft persuasive, well-researched narratives for senior consumption.
Strong attention to detail with proven ability to distil complex ideas into simple stories.
Previous experience in Capital Planning functions and familiarity with capital disciplines and regulation is preferred. Candidate should have a strong understanding of financial products and markets, and holding company and legal entity considerations.
Minimum 8 years of proven experience with a strong understanding of the financial services industry.
Strong risk and control and audit / compliance instincts and ability to apply independent judgment to historical business practices.
A self-starter with ability to independently manage work and drive multiple deliverables concurrently.
Ability to gain consensus and agreement across disparate functions, products, and geographies
Must have ability to stay ahead in a constantly changing environment. Must be a change agent, ensuring others understand current direction.
Education:
An undergraduate degree is required. An advanced degree is preferred.
Job Family Group:
Finance
Job Family:
Fin Solutions Dsgn & Implement
Time Type:
Full time
Primary Location:
Ofallon Missouri United States
Primary Location Salary Range:
$145,840.00 - $218,760.00
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.
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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