Non-Trading Market Risk Senior Group Manager - Process Automation Framework - Director

Non-Trading Market Risk Senior Group Manager - Process Automation Framework - Director

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Job Overview

The BSM NTMR Sr Group Manager is a Director who will drive the production needs and lead various workstreams to develop, enhance, measure, and monitor 1st line Non-Trading Market Risk framework including Governance and Oversight, Metrics, Methodology, Measurement, Data and Infrastructure, Process and Controls, and Management for Commodity/Equity/CSRBB (credit spread in the banking book) Framework, FXRBB (FX risk in the banking book), stress testing analytics relating to CCAR and QMMF for Citi's global Pensions, and AFS/HTM securities, and asset allocation design.

This role will report directly to the Head of NTMR (excl IRRBB) and function as an integral member of the functional leadership team. The successful candidate exhibits in-depth understanding of bank balance sheet management and optimization, balancing financial resources among different competing priorities and how other Non-Traded Market Risk such as FXRBB, Commodity/Equity/CSRBB risk and OCI capital at risk and allocation of cash into debt investment securities contribute to achieving Corporate Treasury's balance sheet optimization objectives and Citi's strategic goals. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required to drive change internally, often at a senior level. The role is responsible for aiding the Business Head in executing functional strategy in the designed area in partnership with other finance functions, businesses and risk management.

Responsibilities

• Provide strategic direction and contribute to BSM's management process by providing key analytical insights across BSM functions with a primary focus on asset allocation, FXRBB, OCI stress testing analytics for (CCAR) and QMMF for pensions and AFS /HTM securities, Commodity/Equity/CSRBB risk. Provide leadership, market experience, and subject matter expertise for enhancing BSM's analytics and methodologies and establishing Citi's first-line NTMR management framework (Policy/Standard/Procedures, models, methodologies, reporting, controls, processes, analytics, data and documentation).
• Aid Business Head to align governance and management framework, procedures and controls for all legal entities that have OCI Risk, FX risk, commodity risk, credit spread risk in the Banking Book. Liaise with businesses, legal entity treasury, CTI and Markets Treasury, and Controllers teams to ensure both an understanding and the ability to manage other non-trading market risks.
• Manage remediation gap efforts in other non-trading market risk as required by Tier 1 regulations and help to remediate regulatory/audit self-identified issues concerning other non-trading market risks in the banking book and achieve target state framework. Interact with 2nd line FinCRO function, regulators, senior management and Non-Traded Market Risk governance committees.
• Aid Business Head to develop, manage, and retain talent with extensive leadership experience demonstrated through empowerment, situational awareness, increasing transparency and conflict resolution on large-scale programs and data transformation.
• Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s).
• Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses.
• Leads firm wide policy and standards, establishing the framework for NTMR regulatory requirements including internal stress testing framework.
• May manage and direct larger teams via the oversight of Direct Reports.
• Liaises with businesses to ensure both an understanding and the ability to manage those limits in a well-governed environment which allows for business growth

Qualifications

• 15+ years experience in Financial Services, Treasury, and bank global liquidity investment portfolio
• 10+ years of managerial and market experience required
• Deep subject matter expertise in debt investment securities and non-trading market risk such as FXRBB, commodity risk, private equity risk and CSRBB, QMMF and CCAR for Pensions, ATM/AFS portfolios, etc.
• Strong understanding of regulatory, compliance, risk management and financial management, and data governance concerns
• Strong understanding of Bank ALM, Capital, and Liquidity considerations
• Extensive experience in debt investment securities analytics, measurement, metrics and methodologies
• Experience in stakeholder management to achieve a complex rollout across many functions, time zones, systems
• Proven ability to lead and direct a diverse team in different time zones and locations
• Demonstrated ability to collaboratively solution complex and dynamic processes
• Proven ability to work under pressure in ambiguous environments
• While the candidate may not have direct reports, sound judgment and strong leadership skills are required, with a proven track record in managing teams and making a positive impact on the organization.
• Demonstrated ability leading the development of management framework
• Excellent oral and written communications skills; Previous experience interacting and working with Executive Leaders
• Experience leading an organization through significant change covering strategy, operations, process, structure, culture and behavior, ranging from operational change management to business-wide transformation.
• Demonstrates a sense of urgency, passion for results and personal accountability for achievement

Education

• Bachelor's degree in Finance and Business or related fields; advanced degree is a plus.

Job Family Group:

Risk Management

Job Family:

Finance Risk

Time Type:

Full time

Primary Location:

Tampa Florida United States

Primary Location Full Time Salary Range:

$170,000.00 - $300,000.00

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Most Relevant Skills

Business Acumen, Data Analysis, Financial Modeling, Internal Controls, Management Reporting, Market Risk, Problem Solving, Process Execution, Risk Identification and Assessment.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Citi is an equal opportunity employer

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.