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Primary Location: United States,New York,New York
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Education: Bachelor's Degree
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Job Function: Finance
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Schedule: Full-time
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Shift: Day Job
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Employee Status: Regular
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Travel Time: Yes, 10 % of the Time
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Job ID: 18068733
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Description
About Citi
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 explains what we do and Citi Leadership Standards 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.
Regulatory Solutions Group (“RSG”) is the unit within Institutional Clients Group ("ICG") Finance responsible for designing sustainable solutions in support of the firm’s regulatory mandates, including but not limited to those arising from the Dodd-Frank Regulatory Reform Act. Deliveries in this space are instrumental to the firm’s success in the new post-crisis financial services environment.
The candidate will lead a series of heavily quantitative research exercises designed to assess the impact to the ICG businesses in relation to the Resolution & Recovery Planning exercises. The candidate will be responsible for executing the models leveraged by the firm to assess the economic impact of actions taken in a Resolution scenario, specifically as it pertains to the firm's Derivative portfolio. The candidate will document and formalize the procedures, control framework, & management of the models. The candidate will present results/conclusions of such exercises to ICG and Corporate senior management. The candidate will partner with local teams and subject matter experts to drive the production of plans. The candidate will also be responsible for knowing and understanding any new regulatory asks relating to ICG's RRP efforts and informing the US Central RRP team.
Qualifications
The candidate will have significant experience with Dodd-Frank Resolution & Recovery Planning. The candidate will have a strong and comprehensive understanding of the regulatory requirements that large, complex banking organizations are subject to. The candidate will have a detailed understanding of derivative and trading activity and a broad understanding of financial instruments transacted with institutional clients. The candidate will have project management experience and will be skilled at working across multiple regions/countries. The role will offer significant exposure to a cross-functional set of senior managers involved in the regulatory space.
The candidate will have significant experience in the Financial Services industry and have experience leading financial projects. The candidate will have functional working knowledge of institutional financial instruments, including but not limited to, derivatives, secured financing transactions, trade financing, & corporate lending. The candidate will have functional knowledge of balance sheet, income statement, and RWA financial forecasting.
The candidate will have experience manipulating large datasets; will be expert-level user of MS Excel. Projects to be executed by the candidate will include application of complex models for the Derivative Solvent Wind-down; development of a methodology in satisfaction of Resolution Planning requirements of certain populations of OTC derivatives and SFT's; and other detailed data-intensive research efforts. The candidate will also have a solid understanding of derivative financial instruments. The role will offer significant exposure to a cross-functional set of senior managers involved in the regulatory space.
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10+ years professional experience required
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Bachelor's Degree in Finance, Accounting or MIS preferred
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MBA a plus
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Project/Program management skills
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Advance degrees and/or CPA a plus
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Knowledge of Derivative and Secured Financing Transactions a strong plus