Citi Group Business Planning Model Oversight Maintenance - C09 

Malaysia, Penang, George Town 

965456152

Job Background/Context:

The Mumbai FP&A team is an integral part of the larger Global FP&A team with ~600 employees. The role is within the PBWM FP&A team and requires In-depth understanding financials forecasting processes, as well as a good understanding of the industry and systems used. Requires thorough conceptual/practical grounding in Finance and related subject areas. The position involves interaction and co-ordination with multiple stake holders across Transformation, Finance, MRM and Risk & Controls teams.

Key Responsibilities

• Overall model governance – Leverage daily/weekly/monthly reports published by MRM and iMRMS reporting system to monitor model deliverables and create dashboards and status reporting. Coordinate across corporate teams, model risk management teams, transformation teams, and FP&A teams to provide status updates and respond to model governance requests.
• Model Governance activities include:
  • Model Inventory tracking – updating inventory tracker with new models and any changes in the status of existing models.
  • Highlighting various cut-off and due dates to Model sponsors and coordinating same MRM teams.
  • Perform ‘Ongoing Performance Assessments’ – Partner with FP&A teams to complete the ongoing performance assessments for the Business Planning models. These will need to be completed quarterly for high risk models, semi-annually for medium risk models, and annually for low risk models.

o Annual Model Review – Partner with the FP&A teams to complete the annual model review documentation for each business planning model

• Support model documentation across model life cycle for various BAU and new model deliverables as outlined in the bullets below. Submit documentation in approved MRM templates into the iMRMS system and work with MRM to ensure all questions are answered and the documentation is approved by the deadline in iMRMS.

• Model limitation remediation – Partner with the FP&A teams to document compensating controls for any model limitation opened by MRM. Examples of limitation themes are clarifying the model algorithm, providing more detail on model assumptions, providing additional back testing, etc.
• Model Assumptions Addendum documentation – Partner with FP&A teams to provide model assumption documentation for Forecast Workshop models for each model run
• Model change documentation (MCC/MCA) – Partner with FP&A teams to document any necessary model changes through the MCC/MCA MRM process. Example of recent model changes include extending the model forecast horizon and adding new model usages
• Create MDTT/Documentation for new Models for addition of new product or other dimension added into business, coordinate with multiple stakeholders like Model Sponsorer, FP&A team, MRM, transformation teams to make sure if it goes through proper Model documentation process listed and the MDTT is submitted in proper timelines in IMRMs system. Coordinate on any queries pertaining to this.
• Comply with various guidelines, timelines in relation to Models in coordination with various stakeholders and stay updated on any changes and additional requirement pertaining to above and comply on the same

• Periodic self-check and assessment in respect on Model Inventory and due dates, maintain good relationship with stakeholders like MRM, FP&A, FTO, Transformation team and other stakeholders in Onshore and Other locations
• Continuously stay updated on Product, Forecasting Processes and systems /tools which would be helpful in relation of performance of above activities

Development Value:

• Opportunity to join one the leading financial Institutions in the world which prides itself on people development and mobility
• The role also provides a great opportunity to build a career within the Finance Division and gain a holistic understanding of the financial forecasting processes and systems within Consumer/Personal Banking business.
• Interaction with people at varied levels and from different areas of the organization i.e., finance, business, Corporate etc.
• Opportunity to work closely with the Senior Management

Knowledge/Experience:

• 0-2 years of experience in FP&A with good understanding of FP&A processes and management reporting
• Transformation or Project management experience in Banking/Financial services would be added advantage
• Professional degree equivalent to CA/MBA/BMS would be preferable
• Strong presentation skill with hands on experience using MS Office (PowerPoint and Excel)
• Knowledge with financial forecasting systems.
• Experience of working with financial data and knowledge of financial reporting tools

Skills:

• Effective communication skills
• Strong analytical and problem-solving skills
• The candidate will need to be a self-starter with a focus on timely and accurate delivery
• Attention to detail is an essential part of the job
• Adaptability, multitasking and project management skills
• Demonstrate an ability to learn and desire to develop and improve by challenging status quo
• Ability to self-motivate and initiate change
• Interpersonal skills (ability to work with colleagues at all levels across multiple locations)

Competencies:

• Ability to collaborate with and lead others to help define and support transformation efforts for US Personal Banking and Wealth Management Business
• Ability to think strategically and ‘connect the dots’, yet be detail-oriented, and manage multiple competing priorities including emerging risks to deliver solutions in an effective control environment
• Ability to influence key partners and be persuasive while working with cross-functional teams

Ability to communicate effectively with senior management

Time Type:

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