Citi Group US Residential Real Estate Servicing Risk 

United States, Delaware 

616989014

Citi’s has one of largest US bank owned residential real estate portfolios (US-RRE)more thanin receivables.  You will be joining the US RRE Servicing Risk team.

Vice President-Testing and Validationis an individual contributor risk management position that will be responsible for testing and validation for (1) Collections & Loss Mitigation strategies and Risk oversight of the Mortgage Default Portfolios (2) Decision sciences inctions andloss-mitigation including segmentation, scorecards,and related risk execution(3) Oversight of the 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 portfolioto 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 deepin the mortgage default domain includingCollections, Loss Mitigation,Foreclosure, Bankruptcy, SCRA, REO etc., risk management in residential real estate (mortgage, home-equity) and solid understanding of Testing Methodologies. In addition, excellent communication skills areto 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-.

The Vice President-Testing and Validationis responsible forthe approach and executing testing and validation strategies that drive a robust Risk and Control environment. Impact reflects strategic influence on the business and interaction with other functions or businesses.

Responsibilities:

• Performs end-to-end testing and validationin order toassess effectiveness of Credit Riskstrategies,riskprocesses and controls to ensure compliance withCiti policies, applicableregulationsandriskoversight procedures, while responding to regulatory inquiries, other audits, and examinations

• Identify and escalate risk and control issues tocontrolspartners and senior leadership within the Risk Organization with transparency, in a timely fashion and in adherence to applicable policies and procedures.

• Engages in activities to provide independent compliance and operation risk oversight of the Credit Risk performance and any third party/vendor relationships in alignments with Global Policies and Standard Operating Procedures

• Promotes a strong risk management culture and discipline.

• Develop, track and report on key initiatives, performance results, andemergingtrends, analyzing risks, and ensureappropriate escalationand communication is provided to senior leadership.

• Familiar with relevant laws, regulations, and best practices in mortgage servicing

• Establish cross-functional partnerships and networksin order tosupport the execution of cross-functional business initiatives.

• Drive compliance with applicable laws,rulesand regulations, adhere to Policy, apply sound ethical judgmentregardingpersonal behavior, conduct and business practices, and escalate,manageand report control issues with transparency, as well as effectively supervise the activity of others and create accountability with those whofail tomaintainthese standards.

Qualifications:

• years of default strategy and/or risk management experience, ideally with a large bank mortgage portfolio or equivalent consumer credit portfolio management experience at a leading consumer financial institution withknowledge of consumer residential real estate market and regulatory management in the U.S.

• Knowledge andexpertisein holistic risk management (identification, measurement, monitoring) risk analytics, risk oversight in addition to default servicing (ex. foreclosure, bankruptcy) domain experience desired.

• Ability to navigate complex decisions and situations including engagement with various senior stakeholders (CRO, LOB CEOs, senior business representatives and regulators).

• Strong, clear, concise written and verbal communication capabilities. (ex. complex issues in concise executive summaries).

• Experience in leading highly visible, cross line-of- business initiatives across multiple functions. The ability to work with a diverse group of stakeholders to achieve milestones and meet deadlines.

• Ability to work effectively on virtual teams, including across different geographies and time zones preferred.

• Demonstrated ability toestablishstrong relationships with senior stakeholders and partner effectively with peers across functional areas and lines of business.

• Demonstrated ability to synthesize, prioritize and drive results with urgency.

• Strong knowledge and extensive experience withtesting methodologiesincludingtesting plans, risk assessments, processes and controls design assessments, controls operating effectiveness testing, monitoring, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities

• Excellent skills with common Microsoft productivity tools including Outlook, Excel, PowerPoint, Word, Visio. Technical capabilities in SAS/Python/SQL considered a plus.