What are the responsibilities and job description for the Regulatory Risk Officer SVP - C14 (Hybrid) position at Citigroup, Inc.?
Job Background / context :
Climate risk has recently emerged as a top priority risk for the banking sector.
The team has been established within Independent Risk Management charged with building out second line Climate Risk management capabilities, in terms of risk identification, measurement and integrating these into governance and existing risk processes. Scenario analysis and stress testing represents a key pillar of the team's core mandate.
This role will support required enhancements to existing risk scenario design and expansion capabilities in line with emerging industry practices and regulatory expectations.
Key Responsibilities :
Support the development of scenario design and expansion approaches including :
- Following and analyzing climate developments in key developed and emerging market economies, assessing vulnerabilities, and making economic forecasts.
- Conducting research to identify causal drivers and to support scenario design methodological approaches
- Analyzing climate scenarios and suggesting different potential forward looking paths using either judgement or models
- Engaging in model development efforts to build best-in-class models to translate climate variables into macroeconomic and microeconomic variables
- Interpreting scenario variable pathways and ensuring variable projections are consistent with scenario assumptions, model assumptions and statistical and econometric foundation assumptions
- Ensure methodological consistency and coherency across scenarios developed and used across the organization (both businesses and regions)
- Support the communication of scenario narratives, key underlying assumptions, and climate drivers to internal stress testing delivery teams and presentations in senior governance forums
Development Value :
This role provides a unique opportunity to be part of building Citi's capabilities in an exciting and rapidly evolving area.
It would provide visibility, be cross-functional in nature and provide exposure to different businesses, products and risk types. The position involves a significant amount of interaction with senior management and subject matter experts.
Knowledge / Experience :
Qualifications :
Skills :
Competencies :
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Job Family Group : Risk Management
Job Family : Regulatory Risk
Time Type : Full time
Primary Location :
New York New York United States
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.
Anticipated Posting Close Date :
Dec 09, 2024
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.
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Salary : $176,720 - $265,080
