What are the responsibilities and job description for the RWA Capital Controller Lead Analyst - VP position at Citigroup?
The RWA Controller team is responsible for ensuring RWA is appropriately identified, calculated and reported adequately taking into account the Bank’s size, complexity, and overall risk profile. Further, the RWA Controller provides sole focus on the controls and governance of the Spot RWA production process.This VP role will be part of the team accountable for overall determination of both Advanced and Standardized Risk Weighted Assets and Supplementary Leverage Exposure for Wholesale exposures. This includes (i) overseeing the computational methodologies used to determine RWAs, including any assumptions, interpretations and / or models used to make those determinations, (ii) ensuring the accurate implementation of those methodologies within Citi’s infrastructure, (iii) ensuring results have been validated and systems changes have been accurately executed end-to-end, (iv) articulating Business and Functional requirements including performing end to end diagnostic assessment for remediation regulatory capital issues.The ideal candidate should demonstrate proven ability to work both independently and / or collaborate with multiple stakeholders across Businesses, 2LOD Risk, Internal Audit, Compliance, Finance, and Technology. The candidate must be able to work effectively without close supervision and with colleagues who may not be in the same geographic location.The Wholesale RWA VP is responsible for : Define, document, develop and enhance governance, procedures, processes and controls around end-to-end production of Wholesale Standardized and Advanced RWAs, and SLE Actuals in a well- defined framework. Independently perform detailed attributes and logic tracing to identify potential process gaps and lead remediation resolutions. Strive to increase consistency, transparency, and reliability of RWA calculation, governance, and controls process. Lead the diagnostics and remediation efforts of a broad range of regulatory capital calculations that encompass governance, data and non-data controls, processes, system implementation and regulatory reporting. Define, develop, and establish robust control processes that can effectively demonstrate US Basel III regulatory capital requirements are applied in an accurate and appropriate manner. Ensure system changes are well understood, implemented, and tested for RWAs and SLE processing, regulatory notifications and submissions, impact to Regulatory Reporting (FFIEC 101 & Y9-C), and other Disclosures (10-Q / 10-K, Pillars 3, etc.). This will include rigorously challenge the change request from both Technology adequacy and Basel rules compliance, estimating impacts, and communicating the impact to various stakeholders. Assist in other duties as assigned, which may include addressing RWA review requests by other control functions such as COBRA, CRRT, Internal Audit, Independent Compliance Risk Management, Capital Planning Review Group etc. and feedback if any, are remediated in an appropriate and timely manner Develop a strong working relationship with Finance, Front Office, Treasury, Technology, COBRA, CRRT, Audit, Independent risk and other counterparts across the organizationQualifications : 5 years of relevant experience, within the financial services industry highly preferred Comprehensive understanding of Advanced and Standardized US regulatory capital rules for Wholesale exposures (Basel III and Basel III Endgame), Supplementary Leverage Exposure with demonstrated ability to assess real-world systemic application of those rules vs. regulatory expectations Full understanding of the lifecycle of Wholesale exposures, and strong understanding of regulatory capital best practices and controls Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls, and think both strategically and tactically, in a holistic manner while driving meticulous execution Experience in managing risks holistically, covering areas such as systems, data, models, regulatory requirements, governance, and analytics Strong analytical skills, attention to detail, ability to make decision in absence of details instruction, and willingness to "roll up sleeves" to produce a polished, high quality, accurate product; tireless work ethic with ability to work well under pressure Solid Microsoft Office skills and the ability to develop advanced knowledge of MS Excel and Access (or other database front-end query applications).Familiarity with Basel III end game and or Basel 4 rules is a must. Data Analytical skills with proficiency in MS Excel, Python and or similar grade level platforms is huge plus. Job Family Group : Finance Job Family : Fin Solutions Dsgn & Implement Time Type : Full time Primary Location : Long Island City New York United States Primary Location Full Time Salary Range : $142,320.00 - $213,480.00In 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 : Mar 31, 2025 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.View the EEO Policy Statement.View the Pay Transparency Posting
Salary : $142,320 - $213,480
