The Finance Chief Risk Office (“FINCRO”) organization is responsible for second-line oversight of regulatory capital management, including the measurement and reporting of spot regulatory capital and risk weighted assets (“RWA”). FINCRO’s oversight of spot RWA and capital measurements includes both ex-ante and ex-post independent review and challenge of Citigroup’s regulatory capital calculation and reporting processes and capital planning processes. FINCRO is an integral part of the Independent Risk Management function of Citigroup.
The Regulatory Capital Interpretation and Analysis Team (“CIAT”) within FINCRO provides the second line independent review and approval of interpretative conclusions made by the Regulatory Capital Policy Group (‘RCPG”) within Finance- Capital Controllers for the Basel III Risk Weighted Asset (“RWA”) treatment for complex transactions globally. The CIAT function plays a critical role in ensuring the accuracy of Citi’s externally reported RWA actuals under Basel III and is actively involved in the internal review and approval of the upcoming end game enhancements to Basel III.
The Basel RWA Specialist will report to the Head of CIAT, a Managing Director, and will act in a leadership role during the review and challenge of capital analyses and RWA treatment conclusions for new products and complex transactions.
Globally, CIAT performs both a policy interpretation and transaction advisory role for complex transactions. This role is highly transaction-oriented and there is extensive interaction with senior members of the Business, Line Risk, Legal and RCPG during the transaction structuring, review, and approval process. The Basel RWA Specialist also participates as a member of the new product approval committee during the review and approval of a wide range of new and complex banking products.

Responsibilities:

• Demonstrate expertise in leading the risk management strategy for the Finance function, which includes robust risk challenges and mitigations for capital.
• Senior member of the CIAT team which provides independent review and challenge of regulatory capital policies and RWA technical interpretations for Citigroup firmwide.
• Provide Basel III RWA subject matter expertise across a range of exposure/product types and in the development of regulatory capital and risk policies
• Within and across Basel exposure types, lead the second line of defense (i) review and approval process with respect to the proper regulatory capital interpretations and RWA treatment of complex financing transactions, which are often cross-border in nature, and (ii) determination of risk mitigation benefits
• Interact confidently with CIAT and other RCRM members, Credit Risk Management, Capital Controllers, Business and other stakeholders to recommend and implement improvements to the existing regulatory capital frameworks.
• Work with other areas of risk management to develop and enhance existing frameworks and applications for risk assessment, benchmarking exercises, regulatory QIS, CCAR and other stress testing exercises.
• Participate in the new product review and approval process, responsible for regulatory capital determination across a wide range of credit products and complex transactions globally.
• Understand Citi’s capital management and risk management policies, systems, infrastructure and data requirements.
• Maintain strict compliance with all risk-related regulatory requirements to ensure the highest standards are met.
• Provide analytical insights to senior stakeholders, management, regulators, and Internal Audit to foster a shared understanding of key issues.
• Foster a culture of high performance and compliance by supporting a robust and effective control environment across the team.

Qualifications:

• Minimum of 15 years of experience
• Expert knowledge of U.S. Basel III Risk Weighted Assets (RWA) regulations is required
• Experience in complex structures with ability to deconstruct transactions and understand all the economic risks combined with a deep understanding of regulatory capital principles is preferred
• Knowledge of credit and funding liquidity risks combined with understanding of legal risks and risk mitigation techniques is preferred
• Hands-on experience with regulatory examinations and remediation.
• Excellent communication skills with ability to articulate complex concepts and translate them into “user-friendly” language
• Skilled in challenging traditional business management and escalating issues when necessary.
• Strong analytical skills and attention to detail.
• Collaborative team player with experience in overseeing risk management and ensuring rule compliance.

Education:
Bachelor’s/University degree, Master’s degree is preferred
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MOST RELEVANT SKILLS

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Issue Management, Management Reporting, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.
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OTHER RELEVANT SKILLS

For complementary skills, please see above and/or contact the recruiter.
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• Demonstrate expertise in leading the risk management strategy for the Finance function, which includes robust risk challenges and mitigations for capital.
• Senior member of the CIAT team which provides independent review and challenge of regulatory capital policies and RWA technical interpretations for Citigroup firmwide.
• Provide Basel III RWA subject matter expertise across a range of exposure/product types and in the development of regulatory capital and risk policies
• Within and across Basel exposure types, lead the second line of defense (i) review and approval process with respect to the proper regulatory capital interpretations and RWA treatment of complex financing transactions, which are often cross-border in nature, and (ii) determination of risk mitigation benefits
• Interact confidently with CIAT and other RCRM members, Credit Risk Management, Capital Controllers, Business and other stakeholders to recommend and implement improvements to the existing regulatory capital frameworks.
• Work with other areas of risk management to develop and enhance existing frameworks and applications for risk assessment, benchmarking exercises, regulatory QIS, CCAR and other stress testing exercises.
• Participate in the new product review and approval process, responsible for regulatory capital determination across a wide range of credit products and complex transactions globally.
• Understand Citi’s capital management and risk management policies, systems, infrastructure and data requirements.
• Maintain strict compliance with all risk-related regulatory requirements to ensure the highest standards are met.
• Provide analytical insights to senior stakeholders, management, regulators, and Internal Audit to foster a shared understanding of key issues.
• Foster a culture of high performance and compliance by supporting a robust and effective control environment across the team