Citi Group US Residential Real Estate Servicing Risk 

United States, Delaware 

754638657

Job Description

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-Default Risk Managementn individual contributormanagement position that willbe responsible for(1) Risk oversight of loans in default inventory including Foreclosure, REO, Bankruptcy, SCRA etc. (2) 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 including Foreclosure, Bankruptcy, SCRA, REO etc., risk management in residential real estate (mortgage, home-equity). 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-Default Risk Managementis responsible for

Responsibilities:

• Participate inthe development and management ofriskstrategies, analytics, and oversight of activities across the Default Servicing lifecycle including pre-foreclosure, foreclosure, bankruptcy, REO and other late-stage default populations (e.g., SCRS, litigation, etc.) for US Residential Real Estate Portfolios

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

• Interacts with Audit and Risk Review personnel and with external regulators during their periodic reviews of US RRE portfolio.

• Promotes a strong risk management culture and discipline.

• Establish cross-functional partnerships and networksin order to

• 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.

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

Bachelor's degree/University degree or equivalent experience.