Citi CCAR Project Oversight and Execution Manager in Irving, Texas
Primary Location: United States,Texas,Irving
Other Location: United States,New York,Long Island City
Education: Bachelor's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 16052137
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides 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, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi’s Mission and Value Proposition at http://www.citigroup.com/citi/about/mission-and-value-proposition.html explains what we do and Citi Leadership Standards at http://www.citigroup.com/citi/about/leadership-standards.html explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Comprehensive Capital Analysis Review (CCAR) is a quarterly US Federal Reserve regulatory submission. It is used to ensure that institutions have robust, forward-looking capital planning processes that account for their unique risks and sufficient capital to continue operations throughout times of economic and financial stress. As part of CCAR, the Federal Reserve evaluates institutions' capital adequacy, internal capital adequacy assessment processes, and their plans to make capital distributions.
The Wholesale Credit Project Oversight & Execution Manager is responsible for leading the Wholesale Credit Workstream project plans that support the Wholesale Credit stress testing for Citigroup’s CCAR processes. The Wholesale Credit Project Oversight & Execution Manager reports to the Wholesale Credit Workstream Lead who reports to the Wholesale Credit Executive Sponsor to ensure successful execution and accountability.
The position provides a unique perspective on the management of risk and capital planning at Citi, spanning the Wholesale credit businesses (Institutional Client Group, Commercial and Private Bank), risk management and product areas.
Key Responsibilities include:
Lead the development of project plans for both the Annual (CCAR/DFAST) Submission and the Spring (Mid-Cycle Stress Test) Submission, tying into the central calendar published by the Central CCAR Team, the production cycle timelines and identifying interdependencies across different workstreams and within the Wholesale Credit workstream; coordinate with the sub-workstreams or individual businesses on their deliverables; manage and monitor the calendar and ensure deliverables and timelines are met
Track progress on deliverables, anticipate issues, and escalate concerns to the Workstream Lead, as appropriate; Coordinate weekly stakeholder calls to ensure project timelines are met
Act as the day-to-day point of contact on all workstream-related project-management tasks which include developing presentations, maintaining project plans and progress reporting, completing ad hoc requests from the Central CCAR team and staying on top of weekly requirements
Contribute to and help with the management of the workstream governance including preparing materials for the review and challenge processes and ensuring governance committee meetings are scheduled as needed and properly documented (agenda, meeting minutes, etc.).
Prepare clear, concise and insightful materials on the workstream, remediation efforts and outcomes for Senior Management; Participate in regulatory meetings, as appropriate
Help establish the control environment of the work stream including interfacing with Internal Audit, preparation of control binders, management of SharePoint and Collaborate Sites, and Manager’s Control Assessment, as applicable
Gain a detailed understanding of the workstream content in order to assess progress, identify and anticipate issues, troubleshoot breakdowns, and challenge the status quo to find ways of doing things more efficiently
Understand the inner workings of Citi’s architecture including data, processes, systems / infrastructure and technology
Fill in for the Workstream Lead in their absence on calls or in meetings
Expertise in CCAR clearly a plus, but if not, sufficient expertise in managing a similar stress testing regime or proven ability to quickly come up to speed in managing a complex financial reporting process of comparable complexity to CCAR/DFAST
10+ years of experience in project management related roles (Ideally Risk Management related) including proven track record of project execution
Subject matter expertise of risk and/or finance areas is a plus (e.g., pre-provision net revenue, credit risk, Basel II and Basel III, VaR, economic capital, stress testing, etc.)
Exceptional oral communication and writing skills, with ability to synthesize complex concepts, translate into "user-friendly" language, and effectively present in text or slide format
Strong project and time management skills with the ability to successfully handle competing priorities
Ability to interact credibly with stakeholders in other control functions such as finance, audit, legal and compliance, as well as senior leaders across a large firm.
Strong analytical skills with the ability to identify and communicate root causes and trends
Ability to quickly assimilate and analyse large amounts of information
Demonstrated leadership and ability to effectively counsel senior management and outside constituents
Roll-up your sleeves tireless work ethic and someone who thrives in a fast-paced evolving environment
BA/BSc or higher in business, finance, or a related field
MBA/Master’s degree preferred