Citi Group Vice President - NA Cards CCAR / QMMF-Hybrid 

United States, Illinois 

570868572

The VP-CCAR/QMMF role is a senior-level position in the USPB Forecasting & Analytics group. This group is tasked with generating and managing the Cost-of-Credit forecast on +$200 BN USPB portfolios. Within this group, the Vice President - CCAR/QMMF role will be specifically responsible for efforts around Comprehensive Capital Analysis & Review (CCAR/DFAST) and related aspects of the the Quarterly Multi-Year Multi-Scenario Forecasting exercise (QMMF) for key North America Credit Card portfolios (NA Cards).

Responsibilities include but are not limited to understanding and analyzing macro-economic scenarios, econometric and empirical forecasting models, business strategies and portfolio trends in order generate accurate and meaningful Cost-of-Credit (Net Credit Loss and Allowance for Credit Loss) forecasts for key NA Cards portfolios under alternate macro-economic and business scenarios.

Key Responsibilities:

• For the relevant NA Cards portfolios, execute the following in a timely and accurate manner:
  • Quarterly multi-scenario forecasting exercise (QMMF)
  • Annual stress testing exercise (CCAR,/DFAST)
  • Associated reporting, governance and documentation

• Collaborate with Risk Modeling, Finance, Data and Reporting teams to ensure smooth functioning of these processes.
• Analyze and explain in detail the actual / anticipated movements in various components of net credit losses overtime and the underlying drivers of these movements.
• Analyze and explain in detail the movements in loan-loss-reserves (CECL allowance for credit losses) overtime and the underlying drivers of these movements.
• Review and challenge existing models, and model outputs to identify areas of improvement relative to portfolio & macro-economic trends.
• Partner with Finance team to complete requests on financial planning, QMMF & CCAR/DFAST results and drive close integration of credit risk & PPNR results
• Create presentations with supporting analysis, storyboard results, and lead discussions with senior management, finance heads, Independent Risk and Model Risk management; required as part of the business review and effective challenge process.
• Establish and continually evolve standardized business and submission documentation.
• Coordinate with Global CCAR Office, support centralized reporting requirements, and communicate with Auditors and Regulators.
• Partner with Risk and Finance organization to understand sources of data and continue to improve the process of defining, extracting and utilizing data.
• Identify areas of improvement in BAU and drive process efficiency through process simplification and automation (VBA, SAS, etc.).
• Manage information controls (version control, central results summary) to meet business objectives with utmost clarity.
• Utilize avenues for automation where available and drive process efficiencies.

Qualifications:

• BA or BS degree (Master’s/PhD degree in an analytical field is a plus).
• 6+ years of work experience in financial services or management consulting.
• Strong understanding of risk management. Knowledge of credit card industry andKnowledge of credit card industryand key regulatory activities (CCAR) area plus.
• Understanding of forecasting models
• CCAR / DFAST submission experience is preferred
• Broad understanding of overall business model and key drivers of P&L.
• 5+ years of experience in using analytical packages, datacube/Essbase, MS Office (Excel, Powerpoint)
• Vision and ability to provide innovative solutions to core business practices.
• Ability to develop partnerships across multiple business and functional areas.
• Strong written and oral communication skills.

Leadership Competencies:

• Capability and experience to drive changes in order to achieve business targets
• Senior executive interactions - can present credibly to both large and small groups
• Strong interpersonal skills and ability to influence at all levels of management
• Displays flexibility to work well with varying personal styles
• Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds.
• Demonstrates strong ethics
• Develops strong cross-functional relationships within and outside Risk Management
• Contributes to a positive work environment; shares knowledge and supports diversity

Anticipated Posting Close Date:

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