Regulatory Risk: ICAAP & Stress Testing Officer - VP

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in Capital Planning, Stress Testing and Scenario Design to Citi’s Risk Data, Analytics, Reporting & Technology (DART) Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team / Role Overview:

DART function is responsible for (i) supporting intelligent risk decisions and proactive management of Citi’s risks across the enterprise, (ii) delivering risk information and analysis to help risk managers and senior management navigate complex risks and regulatory landscape, (iii) providing deep expertise in risk data and dimensions in the development and production of reports and analytics (iv) designing policies, define leading practices and innovate technological tooling in performance of risk data governance and strategy roles. 

Legal Entity & Risk Management Country Officers (RMCO) support team within DART Enterprise Risk Reporting & Stress Testing team is responsible for supporting Legal Entity RMCO to deliver Internal Capital Adequacy Assessment Process (ICAAP) and other local entity regulatory stress testing requirements, such as climate risk. This role supports RMCOs in MEA and Europe clusters.

The successful candidate will have the unique opportunity to work in a fast-paced environment and contribute significantly to various stress testing initiatives critical to Citi’s regulatory compliance and risk management framework.

What you’ll do:

• Understand and maintain routine and ad hoc country and legal entity stress testing requirements in the clusters.
• Support the delivery of analytical support for scenario design, stress loss, and economic capital where needed, in collaboration with other DART and Risk Management teams.
• Participate in key ICAAP and other regulatory stress testing-related committees, forums, and reviews as required.
• Engage with Internal Audit (IA); track applicable regulatory matters, audit findings, corrective actions and milestones including collection, review, and retention of evidence.
• Contribute to development of regional analytical and reporting solutions to bridge the gap between central models (wholesale credit, concentration risk, market risk, IRRBB).
• Develop Book of Work for ICAAP & stress testing related activities for the cluster.
• Execute a framework to support legal entity regulatory stress testing execution and submissions in the cluster.
• Assist country and legal entity Risk Management teams to comply with related policies.
• Participate in development and analysis of stress scenarios, assumptions, and methodologies to ensure they are appropriate for use at the country and/or legal entity levels.
• Support the oversight of the Global ICAAP Standard requirements and control activities in the clusters.
• Ensure that legal entity stress tests are executed pursuant to the relevant Citi policies/ standards/ procedures, and local regulations, e.g., Model Risk Management policy, Enterprise Stress Testing policy, ICAAP Standard etc.

What we’ll need form you:

• 6+ years Risk Management background (preferable) with a focus on capital planning, stress testing and scenario design as well as Pillar 2 models/methodologies.
• Strong knowledge of the principles of market risk is an advantage.
• Familiarity with Internal Capital Adequacy Assessment Process (ICAAP) and local entity regulatory stress tests (e.g., Industry-Wide Stress Test, Supervisory-Driven Stress Test etc.).
• Experience with development of macroeconomic/ market stress scenarios, relevant regulatory guidance.
• Experience in producing reports and presentations for senior audiences.
• Ability to effectively partner with key constituents and stakeholders.
• Ability to distil technical concepts and results into intuitive, impactful, and easily digested messages.
• Master’s degree in Economics, Finance or Statistics.

What we can offer you:

Professional development in an international role, which provides a regular exposure to numerous countries within MEA & Europe clusters. An enjoyable and challenging learning path, which leads to a deep understanding of various risk stripes and services as well as development of your personal skills.

By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits such as:

• Private Medical Care Program
• Life Insurance Program
• Pension Plan contribution (PPE Program)
• Employee Assistance Program
• Paid Parental Leave Program (maternity and paternity leave) 
• Sport Card
• Holidays Allowance
• Sport and team recreation activities
• Special offers and discounts for employees
• Access to an array of learning and development resources 
• A discretional annual performance related bonus
• A chance to make a difference with various affinity networks and charity initiatives.

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

#LI-TM3

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