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SVP, Capital Planning Review – Recovery and Resolution Planning - C14 (Hybrid)

Citi
Citi Salary
New York, NY Other
POSTED ON 12/14/2024
AVAILABLE BEFORE 2/4/2025

The Capital Planning Review Team (“CPRT”) is mandated by Citi’s Board of Directors to lead the holistic independent review and challenge of the capital planning process across the capital planning continuum. The team sits in the Finance CRO organization as part of the overall Independent Risk Management function of Citi.

The CPRT - Recovery and Resolution Planning (RRP) SVP is responsible for executing independent review and challenge of Recovery and Resolution Plan submissions. The role also involves documenting and reporting review and challenge results to senior management and communicating with regulators and Internal Audit. The CPRT – RRP SVP is responsible for assessing methodologies, results, governance and processes related to RRP; and planning Independent Risk Management’s overall approach to capital planning review and challenge. The incumbent will be able to exert strategic influence on the business and interact with other functions or businesses.

The role requires a thorough understanding of regulatory requirements (Resolution Plan Final Guidance, SR 12-17, SR 14-8, 12 CFR Part 30 Appendix E), capital planning methodologies, governance and internal control processes, hands-on experience in foundational risk management (credit, market, liquidity or operational risk). Excellent written and verbal communication skills are required in order to negotiate internally, often at a senior level. Some external communication with regulators may be necessary. The role may support cross-discipline activities (e.g., review and challenge of stress testing) as necessary.

Responsibilities:

  • Review and challenge the capabilities enabling Recovery and Resolution Planning efforts including the comprehensiveness of the inventory and accuracy of capability attributes

  • Analyze the reasonableness and completeness of Recovery and Resolution stress testing and projection assumptions, methodologies and results.

  • Summarize review and challenge results and support presentations to governing groups inclusive of the Capital Committee.

  • Engage with Business, Finance, and Independent Risk Management functions to provide comprehensive and holistic review and challenge of RRP.

Qualifications:

  • 10 years of experience

  • Technical skills: hands on experience with Recovery and Resolution scenario design, Recovery action identification and impact assessment, Resolution Capital Adequacy Positioning and Execution Need (RCAP/RCEN) forecasts and RRP submission in line with regulatory frameworks including associated capabilities testing

  • Subject matter expertise in combinations of risk identification, stress testing, market risk, wholesale and retail credit risk, operational risk, and capital forecasting

  • Experience with and previous exposure to internal or external control functions and regulators

  • Strong written and verbal communication skills with the ability to articulate complex problems and solutions to senior management through concise and clear messaging; team-and detail-oriented; organized

Education:

  • Bachelor’s degree or equivalent experience, preferred Master’s degree

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Job Family Group:

Risk Management

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Job Family:

Regulatory Risk

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$176,720.00 - $265,080.00


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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Anticipated Posting Close Date:

Dec 10, 2024

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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.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

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View the Pay Transparency Posting

Salary : $176,720 - $265,080

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