Citi Group Basel Senior Specialist - Market Risk CCR SME C16 

United States, New York, New York 

776046365

The Finance Chief Risk Office (“FINCRO”) organization is responsible for second-line oversight of regulatory capital management, including the measurement and reporting of spot regulatory capital and risk weighted assets (“RWA”). FINCRO’s oversight of spot RWA and capital measurements includes both

The Basel Market risk and CCR RWA Senior Specialist will report to the Head of CIAT, a Managing Director, and will act in a leadership role during the review and challenge of capital analyses and RWA treatment conclusions for new products and complexResponsibilities include acting as the primary delegate for the Head of CIAT in the daily management of the CIAT team and RWA governance process and as well as being the representative for the CIAT organization in meetings with Senior Management and Business units.

Key Responsibilities:

• Senior member of the CIAT team which provides independent review and challenge of regulatory capital technical interpretations, including the publication and maintenance of Basel Interpretive Policy Manuals, prepared by RCPG for application by Citigroup firm-wide.
• Specialist in Market Risk (FTRB), Credit Valuation Adjustment (CVA) and Derivatives Counterparty Credit Risk (SA-CCR) RWA under the Basel III rules and the proposed Basel III Endgame enhancements.
• Act as the primary delegate for the Head of CIAT, to (i) oversee the daily management of the CIAT interpretive governance process and (ii) provide subject matter expertise and guidance across all Basel exposure/product types during the review and challenge of regulatory capital technical interpretations proposed by the first line of defense.
• Active leadership role in the firm’s RWA governance process, including presenting recommendations to the Basel Executive Sponsors Committee for approval and overseeing the quarterly regulatory pre-notification processes performed byFinance-Controllers.
• Active participant in the new product review and approval process, responsible for regulatory capital determination across a wide range of credit products and complex transactions globally.
• Interact confidently and professionally with FINCRO staff members, RCPG, Capital Controllers, Credit Risk Management, Market Risk Management, Accounting Policy, Legal and Business units.

Qualifications:

• Excellent academic record preferably in finance or accounting. Masters or equivalent degree is preferred, but outstanding candidates with a Bachelor’s degree will be considered.
• Minimum of 15 years of relevant industry experience is required.
• Expert knowledge of U.S. Basel III Risk Weighted Assets (RWA) regulations is required with a specialization in Market Risk (FTRB), Credit Valuation Adjustment (CVA) and Derivatives Counterparty Credit Risk (SA-CCR.
• Significant experience evaluating complex transactions with ability to deconstruct structures and apply judgement to draw proper regulatory capital treatment conclusions when the US Basel III rules are not prescriptive/clear and defend those decisions upon first line escalation.
• Significant experience interacting with US banking regulators
• Keen interest in banking and finance, especially in the field of risk and capital management.
• Strong analytical skills and attention to detail.
• Excellent communication skills with ability to articulate complex concepts and translate them into "user-friendly" language.
• Experience in working with cross-functional, diverse, global teams and ability to manage through influence and collaboration.
• Proven track record of delivering results as a member of collaborative team in a complex environment.

Development Value:

Education Level: Bachelor's Degree

Anticipated Posting Close Date:

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