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Citi’s has one of largest US bank owned residential real estate portfolios (US-RRE) comprising more than $100 billion in receivables. You will be joining the US RRE Servicing Risk team.
The Director-Default Risk Management is a senior management-level position that will oversee a team of risk professionals accountable for (1) Risk oversight of loans in default inventory including Foreclosure, REO, Bankruptcy, SCRA etc. (2) Default management strategies including equity analysis, foreclosure bid and REO pricing (3) Decision sciences in mortgage default including decision frameworks and models/related governance that support use cases in Default (4) business unit’s adherence with Citi policies and applicable supervisory and regulatory guidelines.
You will work closely with the stakeholders in risk management, policy, independent risk, mortgage-servicing legal & compliance areas supporting both US Personal Banking and Wealth divisions on an expansive set of portfolio objectives to deliver performance aligned with Citi’s risk-appetite framework.
The role requires a strong understanding of the US residential real estate industry, mortgage servicing landscape, supervisory guidelines, applicable regulations, and deep expertise in the mortgage default domain including Foreclosure, Bankruptcy, SCRA, REO etc., risk management in residential real-estate (mortgage, home-equity). In addition, excellent communication skills are required to engage with, influence and persuade key stakeholders internally, often at a senior level. The role may also require some external communication with regulators and sub-servicer.
The Risk Director is responsible for determining the approach and executing functional strategy in the Default Risk Management area and accountable for end-to-end results pf the area(s) under coverage. Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. Typically, a direct report to a senior leader and integral member of the functional leadership team within a country/site location, job family, or line of business.
Responsibilities:
Qualifications:
Education:
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Risk Management-------------------------------------------------
Job Family:
Credit & Portfolio Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Irving Texas United States------------------------------------------------------
Primary Location Salary Range:
$170,000.00 - $300,000.00------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
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About the Company:
Citi
Full Time
Banking
$170k-224k (estimate)
02/28/2024
02/29/2024
BROOKLYN, NY
<25
2016
MELISSA ESPONDA
$10M - $50M
Banking