VP, Operational Risk - Loss Forecast Reporting Officer (Hybrid)

Job Description

Operational Risk Reporting & Analytics team within Citi Risk - Data Analytics Reporting & Technology (DART) is responsible for the production of comprehensive operational risk information for Citi internal critical work streams and external regulators. The Loss Forecasting Reporting team within Operational Risk Reporting & Analytics is responsible for the execution of the advanced approach Operational Risk Capital / RWA model, CCAR model, Global Systemic Stress Testing, and the production of internal and regulatory reports/submissions upon review and approval by various levels of Risk and Finance seniors.

The Operational Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business.

• Ensure the accuracy and timeliness of the annual CCAR/DFAST FR Y-14A and quarterly FR Y-14Q submission along with the Citi internal Quarterly Multi-year Multi-scenario Forecasting (QMMF), Global Systemic Stress Testing (GSST), and Resolution & Recovery Planning (RRP) aggregation and reporting processes.
• Oversee the end-to-end production cycle of Citi Operational Risk Capital / RWA under the BASEL Advanced Measurement Approach including UK-related capital forecasts for quarterly regulatory filings and releases
• Design and produce quarterly and ad-hoc reports and analytics enabling Operational Risk Management to proactively manage operational risks through regulatory deliverables, risk assessment, risk metrics, anticipation, and mitigation/recovery.
• Provide information and analysis, design and prepare presentation for senior level management reporting, as well as for Audit, Regulatory, and ad-hoc requests and queries.
• Develop and maintain close working relationships within Risk, DART, Operational Risk Management, as well as with other Business Segments, Technology support teams, and Control functions including IA, Finance, and Legal.
• Design and implement effective control processes to ensure accurate and timely reporting for our clients.
• Participate and implement automation Book of Work (BoW) projects, monitor and report Data Concerns Remediation Management (DCRM), and End-User Computation (EUC) tools, register and maintain Reporting Inventories, streamline and consolidation processes, controls, and procedures to improve productivity and align with Operating Guidelines, as well as compliance to laws and standards.
• Contribute to Consent Order milestone deliverables aimed to improve Citi regulatory reporting processes, Data Quality and Management, and internal controls and procedures.
• Other responsibilities also include providing analysis, commentaries and tracking current and historical Operational Risk capital and CCAR trends, as well as collaborating with model development/analytics teams to meet internal and regulatory reporting, review, validation and audit needs aimed to identify, measure, monitor and reduce operational risks.

Qualifications:

• The ideal candidate will have a BS or BA and 7+ years work experience in Risk or related control discipline (e.g. Risk Management, Reporting, Financial Control, Audit) Understanding of the Operational risk function and processes is a plus.
• Quick learner with excellent communication skills, team orientation, and ability to work with counterparts in different areas of organization and locations and directly or indirectly manage others
• Self-motivated individual who can take initiative and work independently.
• Keen analytical skills to synthesize, validate and analyze data and metrics.
• Strong critical thinking, problem solving and discovery skills.
• Capacity to maintain high attention to detail and accuracy are essential while working against demanding deadlines.
• Advanced knowledge of Microsoft Excel/Access required, familiarity with Tableau, Business Objects, or MicroStrategy is desirable. Experience in building and implementing models, CCAR reporting, Capital/RWA reporting is a plus.

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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.

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