Citi Group Regulatory Risk Officer SVP - C14 Hybrid 

United States, New York, New York 

931685463

Job Background/context:

Climate risk has recently emerged as a top priority risk for the banking sector.

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

Knowledge/Experience:

• Experience with scenario expansion and/or econometric modeling for scenario analysis and stress testing purposes; Experience as a model developer preferable
• Solid understanding of NGFS, IPCC, and IEA scenarios and translation of climate risks into financial system impacts
• Familiarity with industry leading climate risk models and physical risk data providers, with fluency in the scope, capabilities, and limitations of each tool and platform
• Strong familiarity with the increasing regulatory expectations facing banks with respect to climate risk
• Experience in dealing with change projects and/or building / delivering new capabilities
• A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks

Qualifications:

• Postgraduate degree in economics, statistics, finance, or other quantitative discipline preferred
  

Skills:

• Strong organizational skills and the ability to multi-task effectively in a high-volume and complex environment with changing priorities with a practical solutions-driven approach
• Econometric model development and testing expertise, particularly in a financial services / banking industry usage context
• Excellent written and oral communications skills, with a commanding and convincing delivery and the ability to synthesize complex concepts, translate into ‘user friendly’ language and effectively present in long-form documents or slide format
• Excellent stakeholder management skills, with the ability to understand drivers and overcome barriers.
• Will be conversant in the organizational skills demanded in order to operate in a large global company
• Strong quantitative skills and strong attention to detail
  

Competencies:

• Self-starter, ability to quickly assimilate and analyze large amounts of information across a variety of topics
• Proven ability to partner and collaborate across an organization, excellent influencing, facilitation, and partnering skills, with the ability to build relationships, partner effectively and build a strong internal network across functions and throughout the global Risk network together with the matrix at all levels of the organization
• Strong tenacity and resilient under pressure and self-motivated in a fast paced and demanding environment
• Highly engaged, strong attention to detail, and outcome oriented
• The role demands a strong work ethic, willingness to ‘roll up sleeves’, with a tireless work ethic
• Strong analytical problem solving and the person should have a high level of integrity to deal with highly confidential data

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Anticipated Posting Close Date:

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